3 Bed Terraced House, Refurb/BRRR, Eastleigh, SO50 9BS, £270,000

The Crescent, Eastleigh, SO50 9BS - 6 views - 3 months ago

Sold STC
Refurb/BRRR
ROI: 3%
~93 m²
+13 photos

ValuationFair Value

Sold Prices£200K - £390K
Sold Prices/m²£2.1K/m² - £4.8K/m²

 

 

Square Metres

~93 m²
Price/m²£2.9K/m²

Value Estimate

£272,700

 

 

End Value (After Refurb)

£271,447

Uplift in Value

+1%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£67,500

Stamp Duty & Legal Fees

£10,300

Refurb Costs

£42,055

Bridging Loan Interest

£7,088

Total Cash In

£128,692

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£271,447

Mortgage (After Refinance)

£203,585

Mortgage LTV

75%

Cash Released

£1,085

Cash Left In

£127,607

Equity

£67,862

Rent Range

£975 - £1,700

Rent Estimate

£1,432

Running Costs/mo

£1,155

Cashflow/mo

£277

Cashflow/yr

£3,328

ROI

3%

Gross Yield

6%

Local Sold Prices

50 sold prices from £200K to £390K, average is £285K. £2.1K/m² to £4.8K/m², average is £3.2K/m².

PriceDateDistanceAddressBeds 
£280K08/230.07 mi16, Newtown Road, Eastleigh, Hampshire SO50 9BW3
£270K02/230.09 mi2, Newtown Road, Eastleigh, Hampshire SO50 9DB3
£225K12/200.09 mi51, Newtown Road, Eastleigh, Hampshire SO50 9BY3
£250K01/230.11 mi11, Newtown Road, Eastleigh, Hampshire SO50 9DA3
£268.4K03/210.12 mi13, Twyford Road, Eastleigh, Hampshire SO50 4HD3
£250K06/210.12 mi16, Northlands Road, Eastleigh, Hampshire SO50 9AX3
£262.5K01/210.15 mi146, The Crescent, Eastleigh, Hampshire SO50 9BH3
£280K03/210.15 mi158, The Crescent, Eastleigh, Hampshire SO50 9BH3
£325K04/210.18 mi52, Twyford Road, Eastleigh, Hampshire SO50 4HJ3
£360K01/230.18 mi45, Shakespeare Road, Eastleigh, Hampshire SO50 4FQ3
£320K07/230.21 mi5, Toynbee Close, Eastleigh, Hampshire SO50 9EW3
£325K11/200.23 mi3, Romsey Close, Eastleigh, Hampshire SO50 9AP3
£351K06/210.23 mi53, Shakespeare Road, Eastleigh, Hampshire SO50 4FQ3
£374.5K06/210.24 mi4, Toynbee Road, Eastleigh, Hampshire SO50 9DP3
£320K01/230.24 mi7, Arthur Road, Eastleigh, Hampshire SO50 4FT3
£265K06/210.24 mi99, The Quadrangle, Eastleigh, Hampshire SO50 4FX3
£320K07/230.24 mi79, The Quadrangle, Eastleigh, Hampshire SO50 4FX3
£325K01/210.24 mi9, Toynbee Road, Eastleigh, Hampshire SO50 9DH3
£270K10/210.25 mi43, Dutton Lane, Eastleigh, Hampshire SO50 6AA3
£287.5K04/230.26 mi76, Dutton Lane, Eastleigh, Hampshire SO50 6AB3
£295K02/230.26 mi38, Dutton Lane, Eastleigh, Hampshire SO50 6AB3
£255K05/230.26 mi20, Dutton Lane, Eastleigh, Hampshire SO50 6AB3
£350K07/230.26 mi2, Arthur Road, Eastleigh, Hampshire SO50 4FU3
£250K09/210.29 mi133, Twyford Road, Eastleigh, Hampshire SO50 4HL3
£245K09/210.29 mi111, Twyford Road, Eastleigh, Hampshire SO50 4HL3
£351.5K11/210.32 mi2, St Lawrence Road, Eastleigh, Hampshire SO50 4GB3
£390K09/210.35 mi24, Ruskin Road, Eastleigh, Hampshire SO50 4JS3
£300K06/210.35 mi39, Cranbury Road, Eastleigh, Hampshire SO50 5HB3
£234K06/230.35 mi57, Cranbury Road, Eastleigh, Hampshire SO50 5HB3
£331K11/210.37 mi71, Causton Gardens, Eastleigh, Hampshire SO50 9PJ3
£385K04/230.37 mi74, Causton Gardens, Eastleigh, Hampshire SO50 9PJ3
£285K08/230.37 mi13, Chamberlayne Road, Eastleigh, Hampshire SO50 5JN3
£277.5K03/210.39 mi31, Nutbeem Road, Eastleigh, Hampshire SO50 5JP3
£285K01/210.39 mi11, Nutbeem Road, Eastleigh, Hampshire SO50 5JP3
£215.1K03/210.4 mi4, Nutbeem Road, Eastleigh, Hampshire SO50 5JQ3
£290K05/230.4 mi8, Nutbeem Road, Eastleigh, Hampshire SO50 5JQ3
£331K09/210.41 mi29, Brookwood Avenue, Eastleigh, Hampshire SO50 9PH3
£278K03/210.41 mi29, Brookwood Avenue, Eastleigh, Hampshire SO50 9PH3
£319K08/210.41 mi53, Whyteways, Boyatt Wood, Eastleigh, Hampshire SO50 4NQ3
£300K05/230.41 mi28, Winston Close, Eastleigh, Hampshire SO50 4NS3
£253K07/210.42 mi71, Desborough Road, Eastleigh, Hampshire SO50 5NT3
£200K10/200.43 mi80, Desborough Road, Eastleigh, Hampshire SO50 5NS3
£280K04/210.43 mi99, Cranbury Road, Eastleigh, Hampshire SO50 5HE3
£265K10/210.44 mi20, Sopwith Road, Eastleigh, Hampshire SO50 5SR3
£325K08/230.45 mi77, Chamberlayne Road, Eastleigh, Hampshire SO50 5JJ3
£338K08/230.46 mi78, Ruskin Road, Eastleigh, Hampshire SO50 4JX3
£352K09/210.46 mi56, Ruskin Road, Eastleigh, Hampshire SO50 4JX3
£280K08/210.47 mi97, Nutbeem Road, Eastleigh, Hampshire SO50 5JR3
£280K08/210.47 mi97, Nutbeem Road, Eastleigh, Hampshire SO50 5JR3
£262.5K03/210.47 mi83, Nutbeem Road, Eastleigh, Hampshire SO50 5JR3

Local Rents

37 rents from £975/mo to £1.7K/mo, average is £1.4K/mo.

RentDateDistanceAddressBeds 
£1,60009/240.04 miGeorge Street, EASTLEIGH3
£1,42509/240.04 miGeorge Street, Eastleigh SO50 9BT3
£1,47512/240.07 miNewtown Road, EASTLEIGH3
£1,05012/240.09 mi112 The Crescent, Eastleigh, SO503
£1,45002/240.11 mi-3
£1,45002/240.11 mi-3
£1,39502/240.11 mi-3
£1,49501/250.11 mi-3
£1,35009/240.11 mi-3
£1,30012/240.12 miNewtown Road, Eastleigh3
£1,50001/250.17 mi-3
£1,40009/240.19 miTwyford Road, Eastleigh3
£1,60012/240.19 miAshton Gardens, Eastleigh, Hampshire, SO503
£1,70009/240.19 miArchers Road, Eastleigh3
£1,40012/240.27 miHawkins Way SILVER SUB, Eastleigh, Hampshire, SO503
£97509/240.36 miCauston Gardens, Eastleigh3
£1,35009/240.38 miBarton Road, Eastleigh3
£1,55003/250.42 mi-3
£1,35011/240.43 mi-3
£1,50012/240.43 miWhyteways, Eastleigh, SO503
£1,35009/240.46 miEastleigh3
£1,45012/240.47 miEastleigh3
£1,55012/240.48 miBenny Hill Close SILVER SUB, Eastleigh, Hampshire, SO503
£1,40012/240.5 miDrum Road, Eastleigh, Hampshire, SO503
£1,30009/240.51 mi-3
£1,39509/240.52 mi-3
£1,40012/240.53 miConsort Road, Eastleigh3
£1,45002/250.53 mi-3
£1,35012/240.54 miDrum Road, Eastleigh3
£1,60002/250.55 mi-3
£1,45012/240.55 mi-3
£1,65009/240.55 miGreat Farm Road, Eastleigh, Hampshire, SO503
£1,50012/240.56 mi-3
£1,55012/240.57 mi-3
£1,45009/240.57 mi-3
£1,45012/240.59 miHaddon Drive, Boyatt Wood3
£1,50012/240.59 mi-3

Local Area Statistics

Population in SO50

46,318

Population in Eastleigh

78,741

Town centre distance

0.27 miles away

Nearest school

0.10 miles away

Nearest train station

0.25 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+1%

Sales demand

Balanced market

Capital growth (5yrs)

+12%

Property History

Listed for £270,000

January 20, 2025

Floor Plans

Description

  • No Forward Chain +
  • Two Large Reception Rooms +
  • Low Maintenance Gardens +
  • Potential For Off Road Parking To Rear +
  • Convenient Location +
  • Close To All Amenities +
  • Great Commuter Links +
  • In Need Of Modernisation +

Stanford Estate Agents are pleased to offer with no forward chain this always desirable, three bedroom, terraced home located in a convenient location of Eastleigh Town Centre. Boasting a southerly aspect rear garden with the potential for off road parking to be put in.

Accommodation starts on the ground floor and comprises of two spacious reception rooms, kitchen, an inner lobby with access to a useful cloakroom with WC facilities and access to the rear garden. The first floor has three well proportioned bedrooms all serviced via the family bathroom.

Externally the property is in a sought after location in Eastleigh within walking distance of its array of amenities and falls in the sought after school catchment of Toynbee School. To the front is a low-level brick wall with metal gate giving access to the low maintenance front garden. The rear garden is in keeping with the front with regards to low maintenance and is made up of gravel and patio with purpose built flower beds. A hardstanding area to the rear has a wooden shed on it. To the rear of the garden is a service road giving vehicular access and many neighbouring properties have converted part of the back garden to provide off road parking.

Further Information:
Local Council: Eastleigh Borough Council
Council Tax Band: B
EPC Rating: 71 - C
Local Primary School: The Crescent Infant & Junior School
Local Secondary School: Toynbee
Windows: Double Glazed
Heating: Gas Central Heating
Parking: On Street - Permit Required - Potential To Rear For Off Road Parking
Utilities: Mains
Broadband: See Ofcom Website -
Phone Signal: See signalchecker.co.uk
Sellers Position: No Forward Chain
Viewing: By Appointment Only

Local Information:
Eastleigh is a thriving town in Hampshire, located between Southampton & Winchester. The town lies on the river Itchen, originally a village till early 19th century when it was developed to a railway town. Those railway town roots are still firmly imprinted with two mainline train stations providing trains to Winchester in 20 minutes and London Waterloo in an hour. Those looking for commuter links that are not rail are truly spoilt too with junctions to the M27 & M3 Either end of the town, and how could we forget Southampton Airport minutes away for some domestic and European trips. Eastleigh is a commuters dream! The town itself has an array of amenities including several supermarkets as well as several boutique and independent shops. Residential homes come in all shapes, sizes and age from 1800s thatched cottages to 1900 Victorian terraces to modern, well thought out developments there is a home in Eastleigh for everyone. Places leisure and Lakeside Country Park are favoured by locals for there greenery, open spaces and walks with the latter having a small passenger steam train paying further homage to the roots that the town was founded.

Offer Check Procedure:
Please note any offer needs to be verified for legal anti-money laundering regulations and any prospective buyer will need to produce identification documents. Properties will not be removed from the market until anti money laundering and financial qualification checks have been satisfied. Prospective buyers are reminded that the details including any measurements indicated are for guidance only and they should seek their own measurements before committing to any expense. We thank you in advance for your co-operation.

Agent Details

Stanford Estate Agents, Eastleigh

0238 202 6479

Next Steps?

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