2 Bed Flat, Single Let, Southampton, SO19 0SG, £125,000

Wood Close, Southampton, Hampshire, SO19 0SG - 4 months ago

Sold STC
Leasehold
BTL
ROI: 12%
~63 m²
+5 photos

ValuationUndervalued

Sold Prices£84K - £325K
Sold Prices/m²£1.2K/m² - £5.4K/m²

 

 

Square Metres

~62.70 m²
Price/m²£2K/m²

Value Estimate

£154,262
BMV23%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£31,250

Stamp Duty & Legal Fees

£7,450

Total Cash In

£38,700

 

 

Cash Out

 

Rent Range

£900 - £1,295

Rent Estimate

£984

Running Costs/mo

£607

Cashflow/mo

£377

Cashflow/yr

£4,519

ROI

12%

Gross Yield

9%

Local Sold Prices

31 sold prices from £84K to £325K, average is £169K. £1.2K/m² to £5.4K/m², average is £2.5K/m².

PriceDateDistanceAddressBeds 
£150K01/230 mi56, Wood Close, Sholing, Southampton SO19 0SG2
£137K03/230 mi15, Wood Close, Sholing, Southampton SO19 0SG2
£180K03/230.15 mi2, Daintree Close, Southampton SO19 0RX2
£162.5K11/200.24 mi2c, Landseer Road, Southampton SO19 1EE2
£155K03/210.24 mi2b, Landseer Road, Southampton SO19 1EE2
£165K01/210.24 mi2d, Landseer Road, Southampton SO19 1EE2
£214K03/210.3 mi15, Imber Way, Southampton SO19 1SF2
£195K03/210.38 mi3, Morrison Close, Southampton SO19 0AN2
£325K09/210.38 mi72, Julian Road, Southampton SO19 8LZ2
£170K10/200.39 mi8, Silver Birch Close, Southampton SO19 8FY2
£230K03/230.39 mi6, Silver Birch Close, Southampton SO19 8FY2
£125K10/200.39 mi15, Silver Birch Close, Southampton SO19 8FY2
£230K05/230.39 mi16, Silver Birch Close, Southampton SO19 8FY2
£190K09/210.4 mi22, Banbury Avenue, Southampton SO19 8GH2
£159K04/210.4 mi38, Banbury Avenue, Southampton SO19 8GH2
£305K05/210.49 mi455a, Portsmouth Road, Southampton SO19 9LY2
£84K06/230.56 mi90, Tatwin Crescent, Southampton SO19 6JX2
£145K01/210.56 mi406a, Portsmouth Road, Southampton SO19 9AT2
£150K05/230.59 mi15, Dempsey Close, Southampton SO19 8JZ2
£131K03/210.65 mi433, Hinkler Road, Thornhill, Southampton SO19 6DQ2
£168K03/230.67 mi21c, Bay Road, Southampton SO19 8EZ2
£175K04/210.81 mi18, Dyserth Close, Southampton SO19 9HU2
£170K06/210.81 mi20, Dyserth Close, Southampton SO19 9HU2
£120K10/200.82 mi77, Ellwood Avenue, Southampton SO19 6BT2
£120K10/200.82 mi77, Ellwood Avenue, Southampton SO19 6BT2
£240K05/210.85 mi14, Spencer Road, Southampton SO19 6QX2
£169K07/230.91 miFlat 4, Thornhill Court, Bursledon Road, Southampton SO19 8QR2
£170K12/200.95 mi43, Kenson Gardens, Sholing, Southampton SO19 8RE2
£120K06/210.96 mi2, Staplehurst Close, Southampton SO19 9QS2
£174K02/230.96 mi36, Staplehurst Close, Southampton SO19 9QS2
£173.5K04/230.98 mi9, Staplehurst Close, Southampton SO19 9QS2

Local Rents

15 rents from £900/mo to £1.3K/mo, average is £1.1K/mo.

RentDateDistanceAddressBeds 
£1,05009/240.22 miIvy Dene SILVER SUB, Sholing, Southampton, Hampshire, SO192
£1,20009/240.22 miCoates Road SILVER SUB, Sholing, Southampton, Hampshire, SO192
£1,20008/240.29 mi-2
£1,05009/240.45 miHerrick Close, Thornhill2
£1,05009/240.46 mi-2
£1,00009/240.48 miBeatty Court, Anson Drive, Southampton, SO192
£95009/240.48 miSholing, Southampton2
£1,29512/240.53 mi-2
£1,19502/250.53 mi-2
£1,24509/240.53 miLinacre Road, Southampton, Hampshire, SO192
£90009/240.54 miLinacre Road, Southampton, SO192
£99502/240.58 mi-2
£1,15009/240.58 miTatwin Crescent, Southampton, Hampshire, SO192
£1,20009/240.6 miDempsey Close, Sholing, Southampton, Hampshire, SO192
£1,25009/240.62 miTatwin Crescent, Southampton2

Local Area Statistics

Population in SO19

55,875

Population in Southampton

428,247

Town centre distance

2.75 miles away

Nearest school

0.20 miles away

Nearest train station

1.09 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+3%

Sales demand

Balanced market

Capital growth (5yrs)

+18%

Property History

Price changed to £125,000

January 15, 2025

Listed for £130,000

December 26, 2024

Floor Plans

Description

  • Two Double Bedroom Second Floor Apartment +
  • Over 100 Years Remaining On The Lease +
  • 15ft Lounge/Dining Room +
  • Separate Fitted Kitchen With Its Own Window +
  • 10ft Master Bedroom With Built In Double Wardrobes +
  • Underfloor Heating +
  • Double Glazing +
  • Residents Parking On A First Come First Served Basis +
  • Three Piece Bathroom Suite With Its Own Window +
  • Storage Sheds +

TWO DOUBLE BEDROOM SECOND FLOOR APARTMENT IN WOOD CLOSE! A perfect first time buy or investment purchase. This two double bedroom second floor apartment boasts an Entrance Hallway leading to a 9ft fitted Kitchen, a 15ft Lounge/Dining Room. There is a three piece white bathroom suite and two double bedrooms including a 10ft Master Bedroom with built in double wardrobes. This fantastic apartment also benefits from internal and external storage, under floor heating, double glazing and much more. Surrounding the property is parking on a first come first served basis and the sellers have found a property to purchase.

Located in the popular area of Sholing, close to nearby Netley Abbey where you can enjoy the 220 acre Royal Victoria Country Park & waterfront location to see some of the world’s largest cruise setting sail. Bitterne Village is a short drive away with a wide range of amenities including a leisure centre, health centre and library. Tesco’s Extra is nearby & so is access to the M27 for connections to Portsmouth & London.

Located in the residential area of Sholing, with easy access to the M27, Woolston and Bitterne shopping precinct with a wide range of amenities. Mayfield Park is less than a mile away and benefits from woodland walks and nature trails. There is a One Stop convenience store just a short walk away and it is similar distance to the bus stop that connects you to Southampton City Centre.

Agent Details

Morris Dibben, Bitterne

0238 254 4528

Next Steps?

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