2 Bed Flat, Single Let, Eastleigh, SO50 7AL, £130,000

Fair Oak Road, Fair Oak, SO50 7AL - 3 months ago

Sold STC
Leasehold
BTL
ROI: 5%
~49 m²
+2 photos

ValuationUndervalued

Sold Prices£123K - £250K
Sold Prices/m²£2.6K/m² - £3.7K/m²

 

 

Square Metres

~49 m²
Price/m²£2.7K/m²

Value Estimate

£139,594
BMV7%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£32,500

Stamp Duty & Legal Fees

£7,700

Total Cash In

£40,200

 

 

Cash Out

 

Rent Range

£500 - £2,750

Rent Estimate

£750

Running Costs/mo

£576

Cashflow/mo

£174

Cashflow/yr

£2,085

ROI

5%

Gross Yield

7%

Local Sold Prices

25 sold prices from £123K to £250K, average is £196K. £2.6K/m² to £3.7K/m², average is £2.8K/m².

PriceDateDistanceAddressBeds 
£123K06/210 miFlat 30, Oakdene Gardens, Fair Oak Road, Fair Oak, Eastleigh, Hampshire SO50 7AL2
£131K03/230 miFlat 24, Oakdene Gardens, Fair Oak Road, Fair Oak, Eastleigh, Hampshire SO50 7AL2
£143K12/220 miFlat 12a, Oakdene Gardens, Fair Oak Road, Fair Oak, Eastleigh, Hampshire SO50 7AL2
£198.5K02/230.15 miFlat 39, Mill Court, Mortimers Lane, Fair Oak, Eastleigh, Hampshire SO50 7PG2
£225K09/230.15 miFlat 12, Mill Court, Mortimers Lane, Fair Oak, Eastleigh, Hampshire SO50 7PG2
£200K06/210.31 miFlat 8, Anfield Court, Anfield Close, Fair Oak, Eastleigh, Hampshire SO50 7LF2
£230K02/230.37 mi34, Brackley Avenue, Fair Oak, Eastleigh, Hampshire SO50 8FL2
£206K01/210.43 mi64, Brunswick Road, Fair Oak, Eastleigh, Hampshire SO50 8FE2
£196K08/210.46 mi18, Ormond Close, Fair Oak, Eastleigh, Hampshire SO50 8FG2
£196K08/210.47 mi18, Ormond Close, Fair Oak, Eastleigh, Hampshire SO50 8FG2
£185K02/210.47 mi29, Ormond Close, Fair Oak, Eastleigh, Hampshire SO50 8FG2
£189K02/230.71 mi19, Elkins Square, Bishopstoke, Eastleigh, Hampshire SO50 8HF2
£172.5K09/210.71 mi32, Elkins Square, Eastleigh, Hampshire SO50 8HF2
£210K07/230.71 mi20, Elkins Square, Bishopstoke, Eastleigh, Hampshire SO50 8HF2
£160K07/230.88 mi40, Bracken Crescent, Bishopstoke, Eastleigh, Hampshire SO50 8ND2
£125K06/230.88 mi14, Bracken Crescent, Bishopstoke, Eastleigh, Hampshire SO50 8ND2
£162.5K02/210.99 mi43, Fox Close, Bishopstoke, Eastleigh, Hampshire SO50 8NB2
£175K02/211.21 mi47, Camborne Close, Bishopstoke, Eastleigh, Hampshire SO50 6HA2
£163K09/211.64 mi1a, Sedgwick Road, Bishopstoke, Eastleigh, Hampshire SO50 6FJ2
£235K02/211.77 miFlat 16, Itchen Grange, Church Road, Eastleigh, Hampshire SO50 6QQ2
£250K10/231.77 miFlat 8, Itchen Grange, Church Road, Bishopstoke, Eastleigh, Hampshire SO50 6QQ2
£185K02/231.79 miFlat 4, Whitehaugh Court, Church Road, Bishopstoke, Eastleigh, Hampshire SO50 6DF2
£205K11/211.79 miFlat 2, Whitehaugh Court, Church Road, Eastleigh, Hampshire SO50 6DF2
£218K05/211.86 mi37, Asford Grove, Eastleigh, Hampshire SO50 6BG2
£242K06/231.86 mi36, Asford Grove, Bishopstoke, Eastleigh, Hampshire SO50 6BG2

Local Rents

48 rents from £500/mo to £2.8K/mo, average is £1.4K/mo.

RentDateDistanceAddressBeds 
£90009/240.06 miFair Oak Road, Fair Oak, Eastleigh1
£1,85003/240.1 mi-3
£1,80003/250.1 mi-3
£1,60012/240.11 miEastleigh Road, Fair Oak, Eastleigh, SO503
£82512/240.11 miStubbington Way, Fair Oak, SO501
£75009/240.11 miSt Thomas Court, Stubbington Way, Fair Oak1
£80012/240.12 miFair Oak1
£75009/240.14 miStubbington Way, Fair Oak, Eastleigh, Hampshire, SO501
£1,45009/240.25 miFair Oak, Southampton3
£1,40009/240.25 miDean Road, Fair Oak, SO503
£1,65012/240.26 miGoater Way, Fair Oak, SO503
£89505/240.27 mi-1
£1,20009/240.43 mi***6-month let*** Brunswick Road, Fair Oak2
£1,20009/240.44 miNew Road, Fair Oak, Eastleigh, SO502
£1,50002/240.44 miWinchester Road, Fair Oak, Eastleigh3
£1,25009/240.47 miOrmond Close, Fair Oak, EASTLEIGH2
£87512/240.5 mi-1
£1,35012/240.54 miOlympic Way SILVER SUB, Fair Oak, Eastleigh, Hampshire, SO503
£1,90012/240.64 miBrendon Gardens, Fair Oak, Eastleigh, Hampshire, SO503
£1,45009/240.7 miHeather Chase, Fair Oak3
£1,30012/240.72 miKingsmill Drive, Fair Oak, SO502
£1,40012/240.76 miItchen Avenue, Bishopstoke, Eastleigh3
£1,40009/240.78 miFair Oak Road, Bishopstoke, SO503
£1,20002/240.89 mi-2
£1,70009/240.89 miMitre Copse, Bishopstoke, Eastleigh4
£1,00002/240.89 mi-2
£95002/240.9 miBadger Close, Bishopstoke, Eastleigh, Hampshire, SO502
£95009/240.9 miBadger Close, Bishopstoke, Eastleigh, Hampshire, SO502
£1,30004/250.91 mi-2
£1,45012/240.91 miSalmon Drive, Bishopstoke3
£1,40010/240.93 mi-3
£1,35012/240.99 miRedwell, Bishopstoke3
£1,90009/240.99 miTorwood Gardens, Bishopstoke4
£1,55003/251.03 mi-3
£1,40012/241.15 miBurnetts Lane, Horton Heath, SO503
£2,75012/241.23 miAllington Lane, Fair Oak, Hampshire, SO504
£1,50009/241.57 miBishopstoke3
£87509/241.6 miSedgwick Road, EASTLEIGH1
£1,72502/241.6 mi-3
£87009/241.65 miNelson Road, Bishopstoke, Eastleigh, SO503
£1,05009/241.69 mi|Ref: R152575|, Hamilton Road, Bishopstoke, Eastleigh, SO50 6AU2
£1,95012/241.77 miChurch Road, Bishopstoke, EASTLEIGH3
£1,19512/241.79 miChurch Road, Eastleigh2
£1,35009/241.86 miOld Bishopstoke3
£1,70012/241.88 miBow Lake Gardens, Bishopstoke3
£50009/241.92 mi-2
£1,10006/231.93 mi-2
£1,40009/241.96 miChurch Lane, Colden Common2

Local Area Statistics

Population in SO50

46,318

Population in Eastleigh

78,741

Town centre distance

2.24 miles away

Nearest school

0.30 miles away

Nearest train station

2.17 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+1%

Sales demand

Balanced market

Capital growth (5yrs)

+12%

Property History

Price changed to £130,000

February 16, 2025

Listed for £149,000

January 20, 2025

Floor Plans

Description

  • NO FORWARD CHAIN +
  • IDEAL FOR FIRST TIME BUYERS AND INVESTORS +
  • TWO BEDROOM APARTMENT +
  • EASTLEIGH COUNCIL BAND B +
  • EPC RATING D +
  • LEASEHOLD +
  • GROUND FLOOR +
  • NEW FITTED CARPETS +
  • FITTED KITCHEN +
  • COMMUNAL GARDENS +

INTRODUCTION This ground-floor, two-bedroom apartment, offered with no forward chain, is situated in the highly sought-after Fair Oak village. Boasting an ideal location within walking distance of transport links, local amenities, and parks, this property combines comfort and convenience. The accommodation includes an entrance hall, a bright and welcoming lounge/dining room with newly installed flooring and carpeting, a fitted kitchen featuring recently installed oak-effect flooring extending through the hallway, two spacious bedrooms with the main bedroom benefiting from a built-in wardrobes, and a generously sized wet room. LOCATION Positioned near the heart of Fair Oak village, the property is within walking distance of schools, shops, and local amenities. It lies within the catchment area for Fair Oak Infant and Junior Schools and Wyvern College, which caters to students aged 11–16 and holds academy status. The nearby villages of Bishops Waltham and Botley are easily accessible, offering additional charm and convenience. Furthermore, Eastleigh town centre, with its mainline railway station, Southampton Airport, and the M27 motorway, is just a short drive away, ensuring excellent connectivity to destinations such as Southampton, Winchester, Chichester, Portsmouth, Guildford, and London. INSIDE The property is accessed via a private front door that opens directly onto the central courtyard. Upon entering, you are greeted by a spacious and well-presented entrance hall, featuring newly laid oak-effect flooring. This area includes a convenient storage cupboard housing a recently installed water heater tank (December) and provides access to all rooms. To one side of the hall, a door leads to a generously sized wet room. Adjacent to this is the fitted kitchen, which benefits from a window that fills the space with natural light. The kitchen offers a range of wall and base units with cupboards and drawers, complemented by modern worktops. It comes equipped with a new integrated electric oven, an electric hob with an extractor hood, and spaces for additional appliances such as a fridge/freezer, washer/dryer, and dishwasher. At the end of the entrance hall, a door opens into the bright and airy lounge/dining room. This inviting space features a front-facing window, providing ample natural light. It offers plenty of room for a large sofa and dining table, as well as an electric radiator, a TV point, and multiple power outlets, creating a cozy yet functional living area. The main bedroom is generously sized, featuring a front-facing window, new carpeting, and a built-in double wardrobe, with additional space for bedroom furniture. The room is heated by an electric radiator. The second bedroom also boasts new carpeting, an electric radiator, and a window overlooking the rear. The modern bathroom is well-presented, featuring a panel-enclosed bath with a glass screen and overhead shower, a wash hand basin set within a vanity unit, and a low-level WC. OUTSIDE The property benefits from ample parking to the rear and access to a communal garden area with drying lines. Additionally, each floor offers its own laundrette for the convenience of residents. SERVICES: Water, electricity and mains drainage are connected. Please note that none of the services or appliances have been tested by White & Guard. Fibre to the Cabinet Broadband Up to 15 Mbps upload speed Up to 76 Mbps download speed. This is based on information provided by Openreach. ADDITIONAL INFORMATION •             Remaining Lease: 94 years •             Ground Rent: £100 per annum •             Service Charge: £234 per month

EPC Rating: D

Agent Details

White & Guard Estate Agents, Eastleigh

0238 272 0711

Next Steps?

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