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

Oakdene Gardens Fair Oak Road, Fair Oak, Eastleigh, SO50 7AL - 1 views - 3 months ago

Sold STC
Leasehold
BTL
ROI: 6%
~68 m²
+3 photos

ValuationUndervalued

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

 

 

Square Metres

~68.11 m²
Price/m²£1.9K/m²

Value Estimate

£162,500
BMV25%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£32,500

Stamp Duty & Legal Fees

£5,100

Total Cash In

£37,600

 

 

Cash Out

 

Rent Range

£500 - £2,750

Rent Estimate

£750

Running Costs/mo

£576

Cashflow/mo

£174

Cashflow/yr

£2,085

ROI

6%

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
£198.5K02/230.14 miFlat 39, Mill Court, Mortimers Lane, Fair Oak, Eastleigh, Hampshire SO50 7PG2
£225K09/230.14 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
£196K08/210.47 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
£160K07/230.89 mi40, Bracken Crescent, Bishopstoke, Eastleigh, Hampshire SO50 8ND2
£125K06/230.89 mi14, Bracken Crescent, Bishopstoke, Eastleigh, Hampshire SO50 8ND2
£162.5K02/210.99 mi43, Fox Close, Bishopstoke, Eastleigh, Hampshire SO50 8NB2
£175K02/211.22 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
£218K05/211.87 mi37, Asford Grove, Eastleigh, Hampshire SO50 6BG2
£242K06/231.87 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 
£90009/240.07 miFair Oak Road, Fair Oak, Eastleigh1
£1,85003/240.1 mi-3
£1,80003/250.1 mi-3
£82512/240.11 miStubbington Way, Fair Oak, SO501
£75009/240.11 miSt Thomas Court, Stubbington Way, Fair Oak1
£1,60012/240.11 miEastleigh Road, Fair Oak, Eastleigh, SO503
£80012/240.11 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
£1,35012/240.55 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
£1,30012/240.71 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
£1,40010/240.92 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
£1,95012/241.78 miChurch Road, Bishopstoke, EASTLEIGH3
£1,19512/241.79 miChurch Road, Eastleigh2
£1,35009/241.87 miOld Bishopstoke3
£1,70012/241.89 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

Listed for £130,000

January 24, 2025

Description

  • No Forward Chain +
  • Ideal First Time Buyer or for Investment +
  • Positioned near the heart of Fair Oak village +
  • Communal Gardens +
  • 2 Double Bedrooms +

Positioned near the heart of Fair Oak village, this charming first floor spacious two bedroom apartment is perfectly located within walking distance of local schools, shops, and amenities. It is an excellent choice for families, with the added benefit of being within the catchment area for Fair Oak Infant and Junior Schools, as well as Wyvern College, which caters to students aged 1116 and holds academy status. Whether you are looking for convenience, community, or a family-friendly environment, this home offers the ideal balance.

This well-presented property offers a welcoming hallway with separate doors leading to a generous lounge/dining room, fitted kitchen, spacious bathroom well-appointed with a shower, and the property boasts two generously sized double bedrooms.

The property benefits from double glazing and electric heating and outside are attractive communal gardens and a pleasant residents courtyard area with ample car parking for residents.
The apartment is offered for sale with no forward chain and we highly recommend an early inspection to avoid disappointment.

Services:
Mains connected for Electricity, Water and Drainage - (services including appliances not tested by Aspire Estate Agents)

Internet:
Broadband - Fibre to the Cabinet Broadband Up to 15 Mbps upload speed Up to 76 Mbps download speed.

Further Details
Tenure: Leasehold
Lease Term: 125 years from 1 March 1994 to and including 1 March 2119
Lease Term Remaining: 94 years
Ground Rent: £100 pa
Service Charge: approx. £250 per cm
Council Tax Band B

We currently hold lease details as displayed above, should you require further information please contact us.

Total floor area 52 sq.m. (560 sq.ft.) approx

Disclaimer
1. MONEY LAUNDERING REGULATIONS: Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2. GENERAL: All measurements, areas, floorplans and distances mentioned are approximate and are issued as a guide only, and as such must be considered incorrect. If such details are fundamental to a purchase, purchasers must rely on their own enquiries. Nothing in these particulars should be seen as a statement that the property or any fixture described or shown is in good condition or otherwise. Purchasers must satisfy themselves as to the condition of any property or item included within the sale. If reference is made either to alterations to the property or a change of use, no warranty is given by us or the Vendors/Lessors that any planning or other consents or Building Regulations approval has been obtained. Where references are made to potential uses (subject to planning) this information is given in good faith although purchasers must take their own enquiries to the relevant authorities. Most importantly if there is any particular aspect of the property about which you would like further information, we invite you to discuss this with us before you travel to view the property. Any furniture noted on the details or floorplan are not to be relied upon and Aspire provide no warranty to this effect; all such information should be verified by the Buyer's own solicitor.
3. SERVICES: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase. None of the appliances or services mentioned in these particulars have been tested and no warranty is given or implied.

4. THESE PARTICULARS ARE ISSUED IN GOOD FAITH BUT DO NOT CONSTITUTE REPRESENTATIONS OF FACT OR FORM PART OF ANY OFFER OR CONTRACT. THE MATTERS REFERRED TO IN THESE PARTICULARS SHOULD BE INDEPENDENTLY VERIFIED BY PROSPECTIVE BUYERS OR TENANTS. NEITHER ASPIRE ESTATE AGENTS NOR ANY OF ITS EMPLOYEES OR AGENTS HAS ANY AUTHORITY TO MAKE OR GIVE ANY REPRESENTATION OR WARRANTY WHATEVER IN RELATION TO THIS PROPERTY.

Agent Details

Aspire Estate Agents, Shirley

0238 070 4036

Next Steps?

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