2 Bed Flat, Single Let, Eastleigh, SO50 5SJ, £165,000

17 George Wright Close, Eastleigh, SO50 5SJ - 1 views - 4 months ago

Sold STC
Leasehold
BTL
ROI: 7%
67 m²
+5 photos

ValuationUndervalued

Sold Prices£92.5K - £220K
Sold Prices/m²£1.4K/m² - £4.5K/m²

 

 

Square Metres

66.90 m²
Price/m²£2.5K/m²

Value Estimate

£185,722
BMV13%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£41,250

Stamp Duty & Legal Fees

£6,150

Total Cash In

£47,400

 

 

Cash Out

 

Rent Range

£875 - £1,450

Rent Estimate

£1,000

Running Costs/mo

£736

Cashflow/mo

£264

Cashflow/yr

£3,173

ROI

7%

Gross Yield

7%

Local Sold Prices

42 sold prices from £92.5K to £220K, average is £183.5K. £1.4K/m² to £4.5K/m², average is £2.8K/m².

PriceDateDistanceAddressBeds 
£175K11/210.07 mi66, Hoddinott Road, Eastleigh, Hampshire SO50 5SN2
£197K03/230.07 mi52, Hoddinott Road, Eastleigh, Hampshire SO50 5SN2
£175K06/210.12 mi53, Drum Road, Eastleigh, Hampshire SO50 5ST2
£165K04/210.12 mi5, Drum Road, Eastleigh, Hampshire SO50 5ST2
£97.5K05/230.12 mi41, Bright Wire Crescent, Eastleigh, Hampshire SO50 5SQ2
£194K03/210.12 mi54, Bright Wire Crescent, Eastleigh, Hampshire SO50 5SQ2
£205K11/200.12 mi52, Bright Wire Crescent, Eastleigh, Hampshire SO50 5SQ2
£205K03/210.12 mi1a, Bright Wire Crescent, Eastleigh, Hampshire SO50 5SQ2
£202K01/210.12 mi43, Blenheim Road, Eastleigh, Hampshire SO50 5JU2
£210K12/220.12 mi29, Blenheim Road, Eastleigh, Hampshire SO50 5JU2
£180K09/210.13 mi17, Bright Wire Crescent, Eastleigh, Hampshire SO50 5SQ2
£175K03/210.13 mi16, William Panter Court, Eastleigh, Hampshire SO50 5GL2
£170K03/210.14 mi67, Stranding Street, Eastleigh, Hampshire SO50 5GR2
£195K02/230.14 mi73, Stranding Street, Eastleigh, Hampshire SO50 5GR2
£185K02/230.22 mi37, Benny Hill Close, Eastleigh, Hampshire SO50 5GG2
£170K03/230.22 mi43, Benny Hill Close, Eastleigh, Hampshire SO50 5GG2
£165K01/210.22 mi57, Benny Hill Close, Eastleigh, Hampshire SO50 5GG2
£195K02/230.24 mi76, Tinning Way, Eastleigh, Hampshire SO50 9QH2
£180K06/230.25 mi10, Pluto Road, Eastleigh, Hampshire SO50 5GD2
£205K08/230.26 mi18a, Derby Road, Eastleigh, Hampshire SO50 5HP2
£190K03/210.32 mi34, Causton Gardens, Eastleigh, Hampshire SO50 9PJ2
£92.5K09/210.32 mi53, Causton Gardens, Eastleigh, Hampshire SO50 9PJ2
£175K02/210.32 mi30, Causton Gardens, Eastleigh, Hampshire SO50 9PJ2
£207K02/210.32 mi69, Causton Gardens, Eastleigh, Hampshire SO50 9PJ2
£150K06/230.34 miApartment 4, Hanns Mews, Hanns Way, Eastleigh, Hampshire SO50 5NZ2
£220K03/230.35 mi118, Loveridge Way, Eastleigh, Hampshire SO50 9PW2
£180K11/200.35 mi80, Loveridge Way, Eastleigh, Hampshire SO50 9PW2
£182K04/210.35 mi80, Loveridge Way, Eastleigh, Hampshire SO50 9PW2
£200K12/220.35 mi94, Loveridge Way, Eastleigh, Hampshire SO50 9PW2
£195K09/210.52 mi59, Dakota Way, Eastleigh, Hampshire SO50 5TY2
£165K01/210.64 mi5, Salisbury Court, Eastleigh, Hampshire SO50 9BP2
£167.5K06/230.64 mi5, Salisbury Court, Eastleigh, Hampshire SO50 9BP2
£175K05/210.73 miFlat 11, Rossetti Court, Byron Road, Eastleigh, Hampshire SO50 4FL2
£180K01/210.73 miFlat 18, Rossetti Court, Byron Road, Eastleigh, Hampshire SO50 4FL2
£190K05/230.73 miFlat 35, Rossetti Court, Byron Road, Eastleigh, Hampshire SO50 4FL2
£185K03/230.73 miFlat 19, Rossetti Court, Byron Road, Eastleigh, Hampshire SO50 4FL2
£190K02/210.81 miFlat 4, Bowman Lodge, Shakespeare Road, Eastleigh, Hampshire SO50 4QR2
£200K07/230.81 miFlat 4, Bowman Lodge, Shakespeare Road, Eastleigh, Hampshire SO50 4QR2
£175K07/210.83 mi23, Selwyn Gardens, Boyatt Wood, Eastleigh, Hampshire SO50 4PX2
£185K03/230.91 mi160, Alexander Square, Eastleigh, Hampshire SO50 4BX2
£168.5K03/230.92 mi69, Alexander Square, Eastleigh, Hampshire SO50 4BW2
£200K07/230.99 mi134, Twyford Road, Eastleigh, Hampshire SO50 4HN2

Local Rents

27 rents from £875/mo to £1.4K/mo, average is £1.1K/mo.

RentDateDistanceAddressBeds 
£1,20004/250.05 mi-2
£1,19511/240.09 mi-2
£1,25012/240.1 mi-2
£1,15012/240.11 miDrum Road2
£1,10009/240.12 miGeorge Raymond Road, Eastleigh, SO502
£1,10012/240.13 miNutbeem Road, Eastleigh, SO502
£1,20009/240.15 mi-2
£1,20012/240.21 miBenny Hill Close SILVER SUB, Eastleigh, Hampshire, SO502
£1,20009/240.22 miBenny Hill Close2
£1,20009/240.27 mi-2
£1,20009/240.27 miHeinz Burt Close, Eastleigh, SO502
£92509/240.27 mi-2
£1,00012/240.27 mi|Ref: R153867|, Leigh Road, Eastleigh, SO50 9DT2
£87502/240.34 miHanns Way, Eastleigh, SO502
£1,10009/240.34 miHanns Mews, Hanns Way, Eastleigh2
£1,05009/240.35 miHigh Street, Eastleigh2
£1,00012/240.37 miHigh Street, Eastleigh, SO502
£1,10004/250.4 mi-2
£1,45011/240.41 mi-2
£1,15012/240.41 miArchers Road SILVER SUB, Eastleigh, SO502
£1,10009/240.44 miArchers Road, Eastleigh2
£1,35004/250.46 mi-2
£1,15009/240.53 mi-2
£1,20009/240.53 miDakota Way, Eastleigh2
£1,10011/240.59 mi-2
£1,10011/240.59 mi-2
£1,10012/240.62 miSouthampton Road, EASTLEIGH2

Local Area Statistics

Population in SO50

46,318

Population in Eastleigh

78,741

Town centre distance

0.87 miles away

Nearest school

0.20 miles away

Nearest train station

0.56 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+1%

Sales demand

Balanced market

Capital growth (5yrs)

+12%

Property History

Listed for £165,000

January 8, 2025

Description

  • SPACIOUS TWO DOUBLE BEDROOM FIRST FLOO APARTMENT +
  • LOUNGE/DINING AREA WITH JULIET BALCONY +
  • MASTER BEDROOM WITH EN SUITE +
  • FAMILY BATHROOM +
  • KITCHEN +
  • PARKING BAY FOR ONE VEHICLE +
  • POPULAR LOCATION +
  • IDEAL FIRST TIME BUY +
  • NO FORWARD CHAIN +

Located in the very popular Pirelli Estate, Eastleigh I am delighted to present this impressive sized two DOUBLE bedroom, first floor apartment. Offering ample living accommodation, a central location as well as off street parking this property has to be viewed. Set in a small block of only four apartments the property comprises of: an entrance hallway with two built in cupboards, a spacious lounge/dining room, modern fitted kitchen, family bathroom as well as two well-proportioned double bedrooms. The master bedroom further benefits from a en-suite shower room. Externally the apartment boasts an allocated off street parking space, ample visitor parking, a communal bin and bike store as well as a secluded communal garden. The property has double glazed windows and gas fired central heating.

PLEASE WHATSAPP NOW TO BOOK YOUR VIEWING ASAP! I look forward to hearing from you! Luci Morgan

Agent Details

Luci Morgan Estate Agency, Bishopstoke

07841 976860

Next Steps?

This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪