2 Bed Flat, Single Let, Southampton, SO14 1PU, £130,000

Golden Grove, SOUTHAMPTON, Hampshire, SO14 1PU - 2 views - 3 months ago

Leasehold
BTL
ROI: 13%
~68 m²
+12 photos

ValuationUndervalued

Sold Prices£85K - £395K
Sold Prices/m²£1.2K/m² - £3.8K/m²

 

 

Square Metres

~68.11 m²
Price/m²£1.9K/m²

Value Estimate

£156,000
BMV20%

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

£925 - £3,000

Rent Estimate

£1,061

Running Costs/mo

£638

Cashflow/mo

£423

Cashflow/yr

£5,071

ROI

13%

Gross Yield

10%

Local Sold Prices

50 sold prices from £85K to £395K, average is £187.5K. £1.2K/m² to £3.8K/m², average is £2.8K/m².

PriceDateDistanceAddressBeds 
£100K09/230.09 mi28, James Street, Southampton SO14 1PJ2
£205K11/200.17 miFlat 33, Columbus House, The Compass, Southampton SO14 5BQ2
£177K04/210.18 miFlat 34, Raleigh House, The Compass, Southampton SO14 5BP2
£120K04/210.19 mi185, Golden Grove, Southampton SO14 1TD2
£185K07/210.2 miFlat 6, Raleigh House, The Compass, Southampton SO14 5BP2
£137K02/210.26 mi46, White Star Place, Southampton SO14 3GN2
£142K03/210.28 mi47, White Star Place, Southampton SO14 3GN2
£142K11/210.31 miFlat 6, Lewis House, North Front, Southampton SO14 1LH2
£152K05/210.34 miFlat 32, Kingsland House, North Front, Southampton SO14 1LJ2
£130K11/210.43 miFlat 20, St James House, Orchard Lane, Southampton SO14 3DH2
£128K03/210.45 miFlat 12, Consulate House, Canute Road, Southampton SO14 3FW2
£250K03/230.48 mi16a, Oxford Street, Southampton SO14 3DJ2
£268K06/210.49 mi14, Alcantara Crescent, Southampton SO14 3HR2
£222K06/210.49 mi37, Alcantara Crescent, Southampton SO14 3HR2
£250K11/200.49 mi19, Alcantara Crescent, Southampton SO14 3HR2
£240K07/210.49 mi20, Alcantara Crescent, Ocean Village, Southampton SO14 3HR2
£265K05/230.49 mi13, Alcantara Crescent, Ocean Village, Southampton SO14 3HR2
£225K07/210.5 mi17, Asturias Way, Southampton SO14 3HT2
£190K12/200.51 miFlat 2, Imperial Apartments, South Western House, Southampton SO14 3DW2
£220K03/230.53 mi283 The Blake Building, Admirals Quay, Ocean Way, Southampton SO14 3LN2
£280K06/210.54 mi57, Andes Close, Southampton SO14 3HS2
£395K02/230.54 mi137 The Hawkins Tower, Admirals Quay, Ocean Way, Southampton SO14 3LH2
£118.5K12/200.56 mi51a, Alfred Street, Southampton SO14 0NB2
£298.5K05/230.57 mi37 The Moresby Tower, Admirals Quay, Ocean Way, Southampton SO14 3LF2
£315K11/210.59 miFlat 147, Oceana Boulevard, Orchard Place, Southampton SO14 3HW2
£85K02/230.62 miFlat 12, Hill House, Hill Street, Southampton SO19 7DB2
£166K11/200.65 miFlat 3, Spitfire Court, Mitchell Close, Southampton SO19 7TN2
£175K06/230.65 miFlat 26, Spitfire Court, Mitchell Close, Southampton SO19 7TN2
£228K03/210.67 miFlat 20, The Albany, Gloucester Square, Southampton SO14 2GH2
£255K05/210.69 miFlat 51, The Greenwich, Gloucester Square, Southampton SO14 2GJ2
£104K04/210.69 mi6a, Cranbury Avenue, Southampton SO14 0LQ2
£144K11/200.71 mi68, Tankerville Road, Southampton SO19 7GN2
£270K03/230.71 miFlat 25, Cobalt Quarter, Maritime Walk, Southampton SO14 3JY2
£270K09/210.73 miFlat 4, Mayflower Court, Bugle Street, Southampton SO14 2AP2
£275K06/230.75 mi30, Pacific Close, Ocean Village, Southampton SO14 3TX2
£290K05/210.75 mi17, Pacific Close, Southampton SO14 3TX2
£110K01/210.77 mi41, Atlantic Close, Southampton SO14 3TB2
£110K01/210.77 mi41, Atlantic Close, Southampton SO14 3TB2
£250K03/230.79 miFlat 35, Osborne House, Grosvenor Square, Southampton SO15 2DA2
£200K04/210.79 mi98, Pacific Close, Southampton SO14 3TY2
£197.5K10/200.79 mi46, Pacific Close, Southampton SO14 3TY2
£95K06/210.84 miFlat 99, Wyndham Court, Commercial Road, Southampton SO15 1GT2
£85K02/230.84 miFlat 99, Wyndham Court, Commercial Road, Southampton SO15 1GT2
£117K03/210.84 miFlat 83, Wyndham Court, Commercial Road, Southampton SO15 1GT2
£119K12/200.84 miFlat 161, Wyndham Court, Commercial Road, Southampton SO15 1GU2
£170K03/230.86 miFlat 32, Chadwick Lodge, Devonshire Road, Southampton SO15 2QQ2
£190K03/210.86 miFlat 32, Chadwick Lodge, Devonshire Road, Southampton SO15 2QQ2
£173.5K03/210.87 miArdent House, 29, John Thornycroft Road, Southampton SO19 9SP2
£197.5K09/230.89 mi5, Kenilworth Road, Southampton SO15 2GD2
£170.5K10/210.92 mi15, Mirabella Close, Southampton SO19 9AZ2

Local Rents

49 rents from £925/mo to £3K/mo, average is £1.3K/mo.

RentDateDistanceAddressBeds 
£92509/240.15 miSt. Mary Street, Southampton2
£1,30009/240.17 miThe Compass, Southampton, Hampshire, SO142
£1,30009/240.17 miThe Compass, SOUTHAMPTON2
£1,10009/240.17 miThe Compass, Southampton, SO142
£1,10009/240.17 miThe Compass, Southampton, SO142
£1,25009/240.18 miChapel Road, Ocean Village, Southampton2
£1,30009/240.18 miChapel Road, Ocean Village, Southampton2
£1,15004/250.2 mi-2
£99509/240.2 miSt Mary's Street, St Mary's, Southampton, SO142
£1,05010/240.22 mi-2
£1,10010/240.22 mi-2
£1,15003/250.23 mi-2
£1,30009/240.23 miClench Street, Southampton2
£1,25009/240.23 miCraven Street Southampton, SO142
£1,45002/250.24 mi-2
£1,30009/240.24 miChantry House, SO142
£1,20011/240.24 mi-2
£1,10009/240.24 miWhite Star Place, Southampton, SO142
£1,09509/240.24 mi-2
£1,35009/240.25 mi|Ref: R153399|, Anglesea Terrace, Southampton, SO14 5GP2
£1,25009/240.25 miWhite Star Place, Southampton, Hampshire, SO142
£1,20001/250.27 mi-2
£1,20009/240.27 miCarpathia Drive, Southampton, SO142
£2,20004/250.27 mi-2
£1,35009/240.28 miAndersons Road, Southampton, Hampshire, SO142
£1,25009/240.28 miWhite Star Place, SOUTHAMPTON2
£1,20009/240.31 miEast Street2
£2,20009/240.31 mi-2
£3,00009/240.31 mi-2
£1,45009/240.32 miThomas Blake Avenue, Southampton, Hampshire, SO142
£1,15001/250.32 mi-2
£1,80003/250.32 mi-2
£2,20004/250.32 mi-2
£1,20009/240.33 miOrchard Place, Southampton, SO142
£1,25008/240.34 mi-2
£1,15009/240.35 miParkview Mansions, New Road, Southampton, SO142
£1,54509/240.35 miGatehouse Apartments, Southampton Southampton SO142
£1,57509/240.36 miGatehouse Apartments, Southampton Southampton SO142
£1,55009/240.36 miGatehouse Apartments, Southampton Southampton SO142
£1,70009/240.36 miGatehouse Apartments, Southampton Southampton SO142
£1,65009/240.36 miGatehouse Apartments, Southampton Southampton SO142
£1,20009/240.37 miCollege Street, Southampton2
£1,10004/250.38 mi-2
£1,50004/250.38 mi-2
£2,60001/250.38 mi-2
£2,65002/250.38 mi-2
£1,15009/240.38 miHanover Buildings, Southampton2
£1,35009/240.38 mi2 Bedroom Flat | City Centre | Available 1st September 20242
£1,29502/250.39 mi-2

Local Area Statistics

Population in SO14

27,223

Population in Southampton

428,247

Town centre distance

1.12 miles away

Nearest school

0.10 miles away

Nearest train station

0.81 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+2%

Sales demand

Buyer's market

Capital growth (5yrs)

+7%

Property History

Listed for £130,000

January 30, 2025

Floor Plans

Description

Well-Presented Two-Bedroom Split-Level Apartment in St. Mary’s, Southampton

Located in the popular residential area of St. Mary’s, Southampton, this two-bedroom, split-level apartment is perfectly situated on the edge of the city centre. Residents can enjoy a fantastic range of amenities, excellent public transport links, and access to nearby schools, making it an ideal location for families, or investors.

Neutrally decorated throughout, this property offers a modern and inviting space in turnkey condition, with the added benefit of no forward chain. Upon entering, you are welcomed by a spacious entrance hallway, setting the tone for the well-proportioned accommodation within.

The fitted kitchen, conveniently positioned to the right, boasts white gloss eye and base level units with ample worktop space. There is provision for a gas cooker, washing machine, and fridge freezer, ensuring practicality. At the rear of the property, the generous lounge diner enjoys plenty of natural light from large windows, providing a bright and airy living space perfect for relaxing or entertaining.

Stairs from the hallway lead to the upper floor, where two sizeable double bedrooms await, both offering versatile spaces to suit individual needs. The accommodation is completed by a three-piece family bathroom.

This property represents an excellent investment opportunity and is ideal for buyers seeking a home ready for immediate occupation. Early internal viewing is highly recommended to truly appreciate the space and potential this apartment offers.

Agent Details

Morris Dibben, Southampton

0238 144 9928

Next Steps?

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