2 Bed Terraced House, Single Let, Southampton, SO17 2US, £160,000

Portswood Road, Portswood, SO17 2US - 2 views - 4 months ago

Sold STC
Leasehold
BTL
ROI: 5%
~68 m²
+9 photos

ValuationUndervalued

Sold Prices£118K - £350K
Sold Prices/m²£1.8K/m² - £5K/m²

 

 

Square Metres

~68.11 m²
Price/m²£2.3K/m²

Value Estimate

£200,000
BMV25%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£40,000

Stamp Duty & Legal Fees

£6,000

Total Cash In

£46,000

 

 

Cash Out

 

Rent Range

£800 - £2,300

Rent Estimate

£866

Running Costs/mo

£693

Cashflow/mo

£173

Cashflow/yr

£2,074

ROI

5%

Gross Yield

6%

Local Sold Prices

50 sold prices from £118K to £350K, average is £226K. £1.8K/m² to £5K/m², average is £3.1K/m².

PriceDateDistanceAddressBeds 
£245K03/210.1 mi144a, Avenue Road, Southampton SO14 6UA2
£200.5K08/210.1 mi132a, Avenue Road, Southampton SO14 6UA2
£250K07/210.11 mi27, Spear Road, Portswood, Southampton SO14 6UG2
£205K01/210.14 mi116, Avenue Road, Southampton SO14 6BB2
£223K01/210.14 mi152, Earls Road, Southampton SO14 6TL2
£235K11/220.15 mi17, Clausentum Road, Southampton SO14 6RX2
£183K04/210.17 mi109, Portswood Road, Southampton SO17 2FU2
£255K12/220.18 mi61, Lodge Road, Southampton SO14 6RH2
£199.2K08/210.21 mi105, Earls Road, Southampton SO14 6SG2
£206K02/230.21 mi71, Earls Road, Southampton SO14 6SG2
£220K08/210.22 mi8, Ancasta Road, Southampton SO14 6SB2
£210K12/200.22 mi2, Ancasta Road, Southampton SO14 6SB2
£265K05/230.22 mi4, Ancasta Road, Southampton SO14 6SB2
£235K10/200.23 mi28, Cedar Road, Southampton SO14 6HL2
£225K03/210.23 mi20, Cedar Road, Southampton SO14 6HL2
£225K03/210.25 mi42, Padwell Road, Southampton SO14 6RA2
£235K11/220.27 mi28, Peterborough Road, Southampton SO14 6HX2
£210K07/210.27 mi32, Peterborough Road, Southampton SO14 6HX2
£270K07/230.27 mi1b, Cedar Road, Portswood, Southampton SO14 6HN2
£221K01/210.28 mi59, Middle Street, Southampton SO14 6HU2
£203K04/230.31 mi59, Bath Street, Southampton SO14 6GR2
£227K06/210.32 mi9, Peterborough Road, Southampton SO14 6HY2
£350K12/220.32 mi13, Oxford Road, Southampton SO14 6QW2
£241K09/220.32 mi1, Oxford Road, Southampton SO14 6QW2
£285K03/230.33 mi76, Dover Street, Southampton SO14 6GL2
£245K04/210.33 mi74, Dover Street, Southampton SO14 6GL2
£226K03/210.33 mi62, Dover Street, Southampton SO14 6GL2
£252.5K12/220.33 mi71, Dover Street, Southampton SO14 6GN2
£232.5K10/200.33 mi17, Castle Street, Southampton SO14 6GZ2
£232K03/210.33 mi15, Castle Street, Southampton SO14 6GZ2
£300K04/230.33 mi49, Southcliff Road, Southampton SO14 6HR2
£298.5K02/230.34 mi63, Dover Street, Southampton SO14 6GN2
£222.5K10/210.34 mi30, Middle Street, Southampton SO14 6GJ2
£215K11/200.34 mi20, Middle Street, Southampton SO14 6GJ2
£220K05/230.34 mi53, Dover Street, Southampton SO14 6GN2
£270K05/220.35 mi10, Padwell Road, Southampton SO14 6QX2
£212K07/230.35 mi76a, Adelaide Road, Southampton SO17 2HW2
£220K04/230.35 mi8, Adelaide Road, Southampton SO17 2HW2
£172K09/210.36 mi19, Mount Pleasant Road, Southampton SO14 0EF2
£118K02/230.36 mi11, Mount Pleasant Road, Southampton SO14 0EF2
£185K07/210.36 mi1, Adelaide Road, Southampton SO17 2HU2
£214K03/210.37 mi8, Dover Street, Southampton SO14 6GF2
£252K12/220.38 mi25, Rockstone Lane, Southampton SO14 6HZ2
£214K06/210.38 mi35, Rockstone Lane, Southampton SO14 6HZ2
£229K04/210.38 mi24, Southcliff Road, Southampton SO14 6GE2
£226K12/200.38 mi33, Methuen Street, Southampton SO14 6FR2
£236K01/210.38 mi46, Methuen Street, Southampton SO14 6FR2
£262K11/220.38 mi33, Methuen Street, Southampton SO14 6FR2
£257.5K01/230.38 mi44, Rockstone Lane, Southampton SO14 6HZ2
£185K01/210.38 mi12, Rockstone Lane, Southampton SO14 6HZ2

Local Rents

50 rents from £800/mo to £2.3K/mo, average is £1.3K/mo.

RentDateDistanceAddressBeds 
£97509/240.02 miPortswood Park, Southampton SO172
£1,29502/240.04 mi-2
£1,29504/250.05 mi-2
£1,29502/240.05 mi-2
£1,29508/240.05 mi-2
£95009/240.08 miLawn Road, Portswood2
£95009/240.11 miLawn Court, Portswood2
£1,20009/240.11 miLawn Court, Portswood2
£1,30009/240.11 miLawn Road, Southampton2
£1,00009/240.11 miPortswood Road, Southampton2
£1,05009/240.13 miPortswood Road, Southampton, Hampshire, SO172
£1,25002/250.15 mi-2
£1,25002/250.15 mi-2
£1,10009/240.15 miAlma Road, Portswood, Southampton2
£1,00009/240.15 miBevois Valley Road, Southampton, Hampshire, SO142
£2,30004/250.15 mi-2
£1,20004/250.16 mi-2
£1,05009/240.16 mi|Ref: R152070|, Portswood Road, Southampton, SO17 2FU2
£1,05009/240.16 mi|Ref: R204016|, Portswood Road, Southampton, SO17 2FU2
£1,30009/240.16 miPortswood Road, Southampton2
£1,30009/240.16 miPortswood Road, Southampton2
£1,30009/240.16 miPortswood Road, Southampton2
£1,30009/240.16 miPortswood Road, Southampton2
£1,30009/240.16 miPortswood Road, Southampton2
£1,30009/240.16 miPortswood Road, Southampton2
£1,27509/240.16 miPortswood Road, Southampton2
£1,28509/240.16 miPortswood Road, Southampton2
£1,30009/240.16 miPortswood Road, Southampton2
£1,32009/240.16 miPortswood Road, Southampton2
£1,30009/240.16 miPortswood Road, Southampton2
£1,29509/240.16 miPortswood Road, Southampton2
£1,30009/240.16 miPortswood Road, Southampton2
£1,30009/240.16 miPortswood Road, Southampton2
£1,30009/240.16 miPortswood Road, Southampton2
£1,30009/240.16 miPortswood Road, Southampton2
£1,30009/240.16 miPortswood Road, Southampton2
£1,33509/240.16 miPortswood Road, Southampton2
£1,33509/240.16 miPortswood Road, Southampton2
£1,25009/240.16 miPortswood Road, Southampton2
£1,37509/240.16 miPortswood Road, Southampton, SO172
£1,37509/240.16 miPortswood Road, Southampton, SO172
£1,05009/240.17 miPortswood Road, SOUTHAMPTON2
£1,05009/240.17 miPortswood Road, SOUTHAMPTON2
£1,12009/240.17 miPortswood Road, Southampton2
£87509/240.2 miCedar Road, SOUTHAMPTON2
£1,20009/240.23 mi|Ref: R205878|, Bevois Valley Road, SOUTHAMPTON, SO14 0JZ2
£95003/250.24 mi-2
£1,20009/240.27 miCambridge Road, Southampton, Hampshire, SO142
£1,15009/240.28 miCastle Street, Southampton2
£80009/240.31 miParklands, Westwood Road2

Local Area Statistics

Population in SO17

19,429

Population in Southampton

428,247

Town centre distance

0.10 miles away

Nearest school

0.20 miles away

Nearest train station

0.33 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-22%

Sales demand

Balanced market

Capital growth (5yrs)

+6%

Property History

Listed for £160,000

January 2, 2025

Floor Plans

Description

  • Top Floor Apartment +
  • Two Bedrooms +
  • 15ft Open Plan Living/Dining Room +
  • Shower Room +
  • Roof Terrace +
  • Two Communal Gardens +
  • Leasehold - 134 Years +
  • Southampton City Council - Band A +
  • EPC - Grade C +

INTRODUCTION Part Freehold Owned.Situated in the popular location of Portswood, this two bedroom top floor apartment is finished to a good standard. Accommodation briefly comprises an entrance hall, two double bedrooms, a shower room, large open plan living/dining room and has the additional benefits of a large storage cupboard to the front of the property, roof terrace (with views across Southampton), and communal rear/side gardens. LOCATION Portswood is close to Southampton's city centre with its broad range of shops including WestQuay shopping centre, its array of bars, restaurants, cinemas, amenities and mainline railway station is within easy reach. Southampton Airport is also around fifteen minutes away and all main motorway access routes are also close by, including M27, M3 and A3 to London. INSIDE Entering via the front door directly into the entrance hall, is laid to solid wood flooring, has a radiator to one wall and access to all further living accommodation. The master bedroom has a triple glazed window to the front aspect, laid to solid wood flooring and has a radiator to one wall. Bedroom two has a triple glazed window to the side aspect, laid to solid wood flooring and has a radiator to one wall. The 15ft open plan living/dining room has a triple glazed window to the side aspect, enjoying panoramic views over Southampton, laid to solid wood flooring, has a radiator to one wall and a large open fire place. The kitchen has three windows, one glazed window to the side aspect and two further triple glazed windows to both the side and rear aspects and is laid to tiled flooring. There is a range of wall and base units under with work surfaces over, an induction hob and electric oven, 1 ½ sink/drainer, along with space for a washing machine and a fridge/freezer. The shower room has a triple glazed window to the rear aspect, laid to tiled flooring and part tiled walls, has an extractor fan, a large shower cubicle with rain and hand-held shower, a WC and a wash hand basin and fitted mirror. The gas central heating Worchester boiler is found here. OUTSIDE This property benefits from a roof terrace views across Southampton and has two communal gardens, one to the side and one to the rear. The side garden has an area of lawn featuring a cherry blossom tree. The rear garden is mainly laid to lawn with an array of tree, bush and flower boarders. AGENTS NOTE The property is leasehold and we are advised (by the vendor) that there is approx. 134 years remaining on the lease. (No Ground Rent to be paid / £100 Service Charge per calendar month). Disclaimer – information has been given by the owner – please seek verification via your solicitor prior to purchase. SERVICES Gas, electricity, water and mains drainage are connected. Please note that none of the services or appliances have been tested by White & Guard. BROADBAND GFast Broadband is available with download speeds of up to 76 Mbps and upload speeds of up to 15 Mbps. Information has been provided by the Openreach website.

EPC Rating: C

Agent Details

White & Guard Estate Agents, Bitterne

0238 001 5247

Next Steps?

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