2 Bed Flat, Single Let, Southampton, SO17 1XE, £210,000

Cavendish Grove, Temeraire, SO17 1XE - 3 months ago

Leasehold
BTL
ROI: 6%
~68 m²
+17 photos

ValuationOvervalued

Sold Prices£104K - £525K
Sold Prices/m²£2.2K/m² - £3.8K/m²

 

 

Square Metres

~68.11 m²
Price/m²£3.1K/m²

Value Estimate

£193,445

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£52,500

Stamp Duty & Legal Fees

£7,500

Total Cash In

£60,000

 

 

Cash Out

 

Rent Range

£875 - £1,600

Rent Estimate

£1,250

Running Costs/mo

£926

Cashflow/mo

£324

Cashflow/yr

£3,885

ROI

6%

Gross Yield

7%

Local Sold Prices

50 sold prices from £104K to £525K, average is £181K. £2.2K/m² to £3.8K/m², average is £2.8K/m².

PriceDateDistanceAddressBeds 
£202K12/200.06 mi12, Moore Close, Southampton SO15 2RS2
£153K12/200.18 miFlat 4, Banister Court, Court Road, Southampton SO15 2JS2
£178.5K04/230.22 miFlat 6, Buckingham Court, Westwood Road, Southampton SO17 1HD2
£150K03/210.22 miFlat 12, Buckingham Court, Westwood Road, Southampton SO17 1HD2
£210K04/230.25 mi5, Padwell Road, Southampton SO14 6QY2
£218K02/230.29 mi16, James Weld Close, Southampton SO15 2SW2
£192K11/210.29 mi36, James Weld Close, Southampton SO15 2SW2
£195K10/210.29 mi43, James Weld Close, Southampton SO15 2SW2
£210K06/230.33 mi2, Arlott Court, Southampton SO15 2RZ2
£197K08/230.33 mi30, Arlott Court, Southampton SO15 2RZ2
£190K07/210.33 miFlat 6, Westwood Court, Westwood Road, Southampton SO17 1UX2
£227.5K09/210.33 miFlat 2, Westwood Court, Westwood Road, Southampton SO17 1UX2
£210K07/210.33 miFlat 5, Westwood Court, Westwood Road, Southampton SO17 1UX2
£160K08/230.38 mi8a, Rigby Road, Southampton SO17 2EU2
£177.5K01/230.42 miFlat 5, Grenville Court, Silverdale Road, Southampton SO15 2TD2
£150K09/210.43 miFlat 8, Ascupart House, Portswood Road, Southampton SO17 2US2
£150K05/230.43 miFlat 11, Ascupart House, Portswood Road, Southampton SO17 2US2
£142K04/230.43 miFlat 4, Ascupart House, Portswood Road, Southampton SO17 2US2
£160K02/230.43 miFlat 1, Ascupart House, Portswood Road, Southampton SO17 2US2
£182K09/210.46 miFlat 3, Elm Court, Westwood Road, Southampton SO17 1DX2
£195K12/200.46 miFlat 9, Elm Court, Westwood Road, Southampton SO17 1DX2
£190K05/210.47 miFlat 1, Elm Court, Westwood Road, Southampton SO17 1DX2
£190K06/230.48 miFlat 17, Dorval House, Silverdale Road, Southampton SO15 2NH2
£202K12/210.49 miFlat 11, Westwood Mansions, Westwood Road, Southampton SO17 1UY2
£252.5K07/230.52 miFlat 1, Latimer Court, Brookvale Road, Southampton SO17 1QX2
£174K07/210.52 miFlat 3, Latimer Court, Brookvale Road, Southampton SO17 1QX2
£180K02/210.52 miFlat 2, Latimer Court, Brookvale Road, Southampton SO17 1QX2
£138K07/210.52 mi36, Shakespeare Avenue, Southampton SO17 2HB2
£104K04/210.53 mi6a, Cranbury Avenue, Southampton SO14 0LQ2
£173.5K06/210.53 mi94 Stokes Court, The Dell, Southampton SO15 2PR2
£170K03/230.55 miFlat 32, Chadwick Lodge, Devonshire Road, Southampton SO15 2QQ2
£190K03/210.55 miFlat 32, Chadwick Lodge, Devonshire Road, Southampton SO15 2QQ2
£197.5K09/230.55 mi5, Kenilworth Road, Southampton SO15 2GD2
£250K03/230.59 miFlat 35, Osborne House, Grosvenor Square, Southampton SO15 2DA2
£178K11/210.66 mi33a, Norfolk Road, Southampton SO15 5AT2
£118.5K12/200.69 mi51a, Alfred Street, Southampton SO14 0NB2
£230K07/230.69 mi48, Rollesbrook Gardens, Southampton SO15 5WB2
£219K08/210.69 mi58, Rollesbrook Gardens, Southampton SO15 5WB2
£163.5K04/230.7 miFlat 4, Bloomsbury Court, Charlton Road, Shirley, Southampton SO15 5FN2
£197K04/210.72 mi104, Rollesbrook Gardens, Southampton SO15 5WD2
£177K02/210.78 mi16, Arthur Road, Southampton SO15 5DY2
£168K06/210.79 mi31, Adelaide Road, Southampton SO17 2HU2
£525K12/200.79 mi103, Highfield Lane, Southampton SO17 1NN2
£180K09/210.8 miFlat 7, Shelley Court, Hill Lane, Southampton SO15 5SN2
£130K02/210.8 miFlat 20, Shelley Court, Hill Lane, Southampton SO15 5SN2
£152K03/210.81 miFlat 7, Droffats House, Stafford Road, Southampton SO15 5RS2
£183.5K12/200.81 miFlat 34, Queens Court, Hill Lane, Southampton SO15 5RR2
£185K12/210.81 miFlat 1, Kingfisher Court, Highfield Road, Southampton SO17 1UN2
£152K08/210.81 miFlat 2, Cranford House, Cranford Way, Southampton SO17 1UE2
£170K05/210.83 mi23, Lincoln Court, Southampton SO15 7PY2

Local Rents

47 rents from £875/mo to £1.6K/mo, average is £1.3K/mo.

RentDateDistanceAddressBeds 
£1,50009/240.03 mi-2
£1,20009/240.03 miCavendish Grove, The Avenue, Southampton, SO172
£1,25009/240.05 miModern 2 Bedroom Flat | The Avenue | Available NOW2
£1,20009/240.05 mi2 Bedroom Apartment | The Avenue | Available NOW2
£1,40009/240.05 mi2 Bedroom Flat | The Avenue | Available 1st September 20242
£1,20004/250.06 mi-2
£1,55009/240.06 mi2 Bedroom Apartment | The Avenue | Available 1st March 20242
£1,50009/240.06 mi2 Bedroom Apartment | The Avenue | Available 1st September 20242
£1,30009/240.06 mi2 Bedroom Apartment | The Avenue | Available 1st September 20242
£1,10009/240.07 miAvenue Road, Central2
£1,40009/240.07 mi-2
£1,60009/240.08 miAspen House, Southampton, SO152
£1,45009/240.08 mi-2
£1,20001/250.08 mi-2
£1,49910/240.09 mi-2
£1,41709/240.09 mi-2
£1,45009/240.09 miHulse Road, Southampton2
£1,30009/240.09 miHulse Road, Banister Park, Southampton, Hampshire, SO152
£1,25009/240.1 miBanister Park, Southampton2
£1,19504/250.11 mi-2
£1,25004/250.11 mi-2
£1,05012/240.11 mi-2
£1,20009/240.12 miHulse Road,Banister Park ,Southampton2
£1,15009/240.12 miHulse Road. Banister Park2
£1,39509/240.12 miHulse Road, SOUTHAMPTON2
£1,39509/240.12 mi|Ref: R203909|, Hulse Road, Southampton, SO15 2QZ2
£1,20009/240.13 miCarlton Court, Banister Park2
£1,25009/240.13 miCarlton Court, Southampton SO152
£1,10009/240.13 miHulse Road, Southampton2
£1,00009/240.13 miAlma Road, Southampton2
£1,35004/250.13 mi-2
£1,32509/240.13 miHulse Road, Southampton2
£1,25009/240.14 miWestwood Road, SOUTHAMPTON2
£1,40008/240.15 mi-2
£1,35009/240.17 mi2 Bedroom Flat | Inner Avenue | Available NOW2
£1,20009/240.18 miCambridge Road, Southampton, Hampshire, SO142
£1,20009/240.19 miWestwood Road, Southampton2
£1,10009/240.2 miPadwell Road, Portswood, Southampton, SO142
£1,20009/240.21 miBanister Grange, Banister Road, SOUTHAMPTON2
£1,50010/240.22 mi-2
£1,50009/240.22 miBuckingham Court, Southampton, SO172
£1,20009/240.22 miArchers Road, SOUTHAMPTON2
£1,30009/240.22 miArchers Road, SOUTHAMPTON2
£1,35009/240.23 miMarshall Square, Southampton, Hampshire, SO152
£1,25009/240.23 miMarshall Square, Banister Park2
£1,25009/240.23 miWestwood Road , Southampton 2
£87509/240.23 miCedar Road, SOUTHAMPTON2

Local Area Statistics

Population in SO17

19,429

Population in Southampton

428,247

Town centre distance

0.53 miles away

Nearest school

0.10 miles away

Nearest train station

0.76 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-22%

Sales demand

Balanced market

Capital growth (5yrs)

+6%

Property History

Listed for £210,000

February 4, 2025

Floor Plans

Description

  • Attractive Yield +
  • Fully Tenanted Until December 2025 +
  • Spacious Two-Bedroom First Floor Apartment +
  • Prime Location +
  • Allocated Parking +
  • Perfect for Investors +
  • Easy Access to Transport Links +

This well-presented Two bedroom first floor apartment at Temeraire, 1 Cavendish Grove offers an excellent investment opportunity, benefiting from a modern and functional layout. The apartment has been designed to offer a comfortable living space, perfect for tenants seeking both style and practicality. The property boasts a modern kitchen, newly fitted in 2024, complete with sleek, contemporary units and built-in appliances. There’s plenty of workspace, making it ideal for those who enjoy cooking or need a functional area to prepare meals. The modern bathroom features both a bath and an overhead shower, offering flexibility and convenience. Positioned next to the bathroom, bedroom two is a generously sized double bedroom with a built-in wardrobe, providing ample storage space and a comfortable setting for tenants. At the end of the hallway, you’ll find the expansive lounge/diner—a bright and spacious area perfect for relaxation or socialising. This versatile space offers plenty of room for both living and dining areas, providing an ideal space for tenants to unwind. Leading off the lounge/Diner is the principle bedroom, a large double bedroom that also includes a built-in wardrobe, maximising storage and ensuring a tidy, comfortable space. Overall, this apartment combines modern finishes with a spacious layout, making it a highly attractive rental property. With tenants already in place until December 2025, this home offers both immediate rental income and long-term potential for investors. Achieving £1,250 PCM, Yield Approx 7.00+% , Tenanted Until December 2025 – Offers in Excess of £210,000 125 years as of March 25, 1991, Lease Years Remaining - 91 years Remaining End of lease date of 25/03/2116 Service Charge - Paid on a 6 months basis £1,424.00, the annual amount is £2,848.00. Ground Rent £50.00 Per Annum Discover the potential of this stunning property with our immersive virtual tour! Explore every room and feature at your own pace, from the comfort of your home. This interactive experience allows you to get a true feel for the space, layout, and unique details. Don’t miss the chance to experience it for yourself—take the tour today and see what this Apartment has to offer!

EPC Rating: D

Agent Details

New Chapter Estate Agents, Southampton

0238 001 2085

Next Steps?

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