2 Bed Flat, Refurb/BRRR, Southampton, SO19 6DR, £145,000

Hinkler Road, Southampton, SO19 6DR - 4 views - 3 months ago

Leasehold
Refurb/BRRR
ROI: 5%
~68 m²
+9 photos

ValuationFair Value

Sold Prices£84K - £525K
Sold Prices/m²£1.2K/m² - £5.4K/m²

 

 

Square Metres

~68.11 m²
Price/m²£2.1K/m²

Value Estimate

£145,000

 

 

End Value (After Refurb)

£193,014

Uplift in Value

+33%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£36,250

Stamp Duty & Legal Fees

£5,550

Refurb Costs

£30,760

Bridging Loan Interest

£3,806

Total Cash In

£78,116

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£193,014

Mortgage (After Refinance)

£144,761

Mortgage LTV

75%

Cash Released

£36,011

Cash Left In

£42,105

Equity

£48,254

Rent Range

£900 - £825,190

Rent Estimate

£1,165

Running Costs/mo

£856

Cashflow/mo

£309

Cashflow/yr

£3,706

ROI

5%

Gross Yield

10%

Local Sold Prices

37 sold prices from £84K to £525K, average is £159K. £1.2K/m² to £5.4K/m², average is £2.6K/m².

PriceDateDistanceAddressBeds 
£131K03/210.02 mi433, Hinkler Road, Thornhill, Southampton SO19 6DQ2
£84K06/230.13 mi90, Tatwin Crescent, Southampton SO19 6JX2
£240K05/210.21 mi14, Spencer Road, Southampton SO19 6QX2
£120K10/200.34 mi77, Ellwood Avenue, Southampton SO19 6BT2
£120K10/200.34 mi77, Ellwood Avenue, Southampton SO19 6BT2
£190K09/210.42 mi22, Banbury Avenue, Southampton SO19 8GH2
£159K04/210.42 mi38, Banbury Avenue, Southampton SO19 8GH2
£214K03/210.48 mi15, Imber Way, Southampton SO19 1SF2
£115K09/210.52 mi13, Woodland Close, Thornhill Park, Southampton SO18 5RD2
£210K02/230.52 mi12, Woodland Close, Thornhill Park, Southampton SO18 5RD2
£160K08/210.52 mi39, Woodland Close, Thornhill Park, Southampton SO18 5RD2
£169K07/230.53 miFlat 4, Thornhill Court, Bursledon Road, Southampton SO19 8QR2
£170K10/200.54 mi8, Silver Birch Close, Southampton SO19 8FY2
£150K08/230.54 mi29, Holmsley Close, Southampton SO18 5HD2
£135K03/210.54 mi23, Holmsley Close, Southampton SO18 5HD2
£125K10/200.54 mi6, Holmsley Close, Southampton SO18 5HD2
£230K03/230.54 mi6, Silver Birch Close, Southampton SO19 8FY2
£125K10/200.54 mi15, Silver Birch Close, Southampton SO19 8FY2
£230K05/230.54 mi16, Silver Birch Close, Southampton SO19 8FY2
£141K03/210.56 miFlat B, Holmes Court, Kanes Hill, Southampton, Hampshire SO19 6AH2
£160K11/200.57 mi45a, Blendworth Lane, Southampton SO18 5HF2
£127.5K04/210.64 mi40, Keynsham Road, Southampton SO19 5EW2
£150K01/230.66 mi56, Wood Close, Sholing, Southampton SO19 0SG2
£137K03/230.66 mi15, Wood Close, Sholing, Southampton SO19 0SG2
£162.5K11/200.67 mi2c, Landseer Road, Southampton SO19 1EE2
£155K03/210.67 mi2b, Landseer Road, Southampton SO19 1EE2
£165K01/210.67 mi2d, Landseer Road, Southampton SO19 1EE2
£195K03/210.69 mi3, Morrison Close, Southampton SO19 0AN2
£325K09/210.72 mi72, Julian Road, Southampton SO19 8LZ2
£181K05/230.73 mi85, Mansfield Park Street, Southampton SO18 5AE2
£150K05/230.74 mi15, Dempsey Close, Southampton SO19 8JZ2
£153K12/220.77 mi43, Redcote Close, Southampton SO18 5SU2
£180K03/230.78 mi2, Daintree Close, Southampton SO19 0RX2
£170K07/230.79 miFlat 10, Charden Court, York Drove, Bitterne, Southampton SO18 5LZ2
£159K01/210.8 mi22, Portway Close, Bitterne, Southampton SO18 5SW2
£155K12/200.91 mi79c, Commercial Street, Southampton SO18 6AD2
£525K02/210.93 mi43, Southern Road, West End, Southampton, Hampshire SO30 3EW2

Local Rents

27 rents from £900/mo to £825.2K/mo, average is £1.2K/mo.

RentDateDistanceAddressBeds 
£1,25009/240.06 miTatwin Crescent, Southampton2
£1,10009/240.09 miBurke Drive, Southampton, Hampshire, SO192
£90009/240.17 miLinacre Road, Southampton, SO192
£1,20009/240.19 miHinkler Road, Southampton, Hampshire, SO192
£1,24509/240.19 miLinacre Road, Southampton, Hampshire, SO192
£1,29512/240.19 mi-2
£1,19502/250.19 mi-2
£1,15009/240.22 miTatwin Crescent, Southampton, Hampshire, SO192
£825,19002/240.22 miByron Road, Southampton, Hampshire, SO192
£1,39509/240.25 miGilpin Close, Southampton, Hampshire, SO192
£1,39509/240.25 mi-2
£1,39512/240.25 mi-2
£1,29502/250.25 mi-2
£1,29503/250.25 mi-2
£1,00009/240.26 miBeatty Court, Anson Drive, Southampton, SO192
£95009/240.26 miSholing, Southampton2
£1,05009/240.26 miHerrick Close, Thornhill2
£1,05009/240.28 mi-2
£1,15009/240.36 miStaith Close, Southampton2
£1,15009/240.4 miFlat B, Thornhill Park Road, Southampton2
£1,25009/240.47 miEllis Road, Southampton, Hampshire, SO192
£1,05009/240.47 miIvy Dene SILVER SUB, Sholing, Southampton, Hampshire, SO192
£1,20009/240.47 miCoates Road SILVER SUB, Sholing, Southampton, Hampshire, SO192
£1,00009/240.54 miHolmsley Close, Harefield, SO182
£1,20008/240.56 mi-2
£1,15004/250.57 mi-2
£1,30009/240.61 miCleethorpes Road, Sholing, Southampton SO192

Local Area Statistics

Population in SO19

55,875

Population in Southampton

428,247

Town centre distance

2.53 miles away

Nearest school

0.10 miles away

Nearest train station

1.42 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+3%

Sales demand

Balanced market

Capital growth (5yrs)

+18%

Property History

Listed for £145,000

January 29, 2025

Floor Plans

Description

  • Guide Price £155,000 - £145,000 +
  • First Floor Duplex Apartment +
  • Opportunity for Modernisation +
  • Spacious Accommodation Across Two Storeys +
  • Two Double Bedrooms +
  • Bright & Spacious Reception Room with Balcony Access +
  • Well-Appointed Kitchen +
  • Private Balcony & Communal Gardens +
  • Close to the City Centre +
  • Ideal for First Time Buyers & Investors +

A two bedroom duplex apartment providing spacious accommodation across two storeys on the first and second floors, located in a convenient position in on Southampton close to the city centre. The property offers fantastic potential for further modernisation if desired, making it ideal for either first time buyers looking to get onto the property ladder and put their own stamp on a home, or for investors looking for a renovation project to re-market or rent out. Internally and to the first floor the property comprises an entrance hall with stairs to the upper floor, a bright and spacious living/dining room with a storage cupboard and a double glazed door to a small private balcony, and a well-appointed and good sized kitchen fitted with a range of units and worktops with an integral oven and hob and ample space for further appliances. To the second floor there are two double sized bedrooms each with built-in storage space and a bathroom suite with a shower over the bath. Externally the property benefits from a private balcony and well-presented communal gardens, and there is a bus stop directly outside the development. The property is located in an ideal setting close to the city centre which is home to a range of local shops, amenities, good schools and both road and public transport links further afield. Early viewing is highly recommended due to the property being realistically priced. ADDITIONAL INFORMATION: Council Tax Band: A Local Authority: Southampton Lease Term: 125 years from 1 January 1996 Ground Rent & Service Charges: £65pcm *This information is to be confirmed by the solicitor* Disclaimer: These particulars, whilst believed to be accurate are set out as a general guideline and do not constitute any part of an offer or contract. Intending Purchasers should not rely on them as statements of representation of fact, but must satisfy themselves by inspection or otherwise as to their accuracy. Please note that we have not tested any apparatus, equipment, fixtures, fittings or services including gas central heating and so cannot verify they are in working order or fit for their purpose. Furthermore, Solicitors should confirm moveable items described in the sales particulars and, in fact, included in the sale since circumstances do change during the marketing or negotiations. Although we try to ensure accuracy, if measurements are used in this listing, they may be approximate. Therefore if intending Purchasers need accurate measurements to order carpeting or to ensure existing furniture will fit, they should take such measurements themselves. Photographs are reproduced general information and it must not be inferred that any item is included for sale with the property. TENURE To be confirmed by the Vendor’s Solicitors POSSESSION Vacant possession upon completion VIEWING Viewing strictly by appointment through The Express Estate Agency

Agent Details

Express Estate Agency, Nationwide

03330 165458

Next Steps?

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