2 Bed Flat, Single Let, Southampton, SO14 3GU, £120,000

Carpathia Drive, Southampton, Hampshire, SO14 3GU - 4 views - 3 months ago

Leasehold
BTL
ROI: 14%
~68 m²
+9 photos

ValuationUndervalued

Sold Prices£85K - £395K
Sold Prices/m²£1.2K/m² - £3.9K/m²

 

 

Square Metres

~68.11 m²
Price/m²£1.8K/m²

Value Estimate

£147,600
BMV23%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£30,000

Stamp Duty & Legal Fees

£4,800

Total Cash In

£34,800

 

 

Cash Out

 

Rent Range

£925 - £2,900

Rent Estimate

£1,000

Running Costs/mo

£595

Cashflow/mo

£405

Cashflow/yr

£4,860

ROI

14%

Gross Yield

10%

Local Sold Prices

50 sold prices from £85K to £395K, average is £179.3K. £1.2K/m² to £3.9K/m², average is £3K/m².

PriceDateDistanceAddressBeds 
£137K02/210.04 mi46, White Star Place, Southampton SO14 3GN2
£142K03/210.05 mi47, White Star Place, Southampton SO14 3GN2
£185K07/210.05 miFlat 6, Raleigh House, The Compass, Southampton SO14 5BP2
£177K04/210.08 miFlat 34, Raleigh House, The Compass, Southampton SO14 5BP2
£205K11/200.09 miFlat 33, Columbus House, The Compass, Southampton SO14 5BQ2
£128K03/210.23 miFlat 12, Consulate House, Canute Road, Southampton SO14 3FW2
£130K11/210.25 miFlat 20, St James House, Orchard Lane, Southampton SO14 3DH2
£100K09/230.25 mi28, James Street, Southampton SO14 1PJ2
£190K12/200.26 miFlat 2, Imperial Apartments, South Western House, Southampton SO14 3DW2
£250K03/230.27 mi16a, Oxford Street, Southampton SO14 3DJ2
£268K06/210.28 mi14, Alcantara Crescent, Southampton SO14 3HR2
£222K06/210.28 mi37, Alcantara Crescent, Southampton SO14 3HR2
£250K11/200.28 mi19, Alcantara Crescent, Southampton SO14 3HR2
£240K07/210.28 mi20, Alcantara Crescent, Ocean Village, Southampton SO14 3HR2
£265K05/230.28 mi13, Alcantara Crescent, Ocean Village, Southampton SO14 3HR2
£220K03/230.3 mi283 The Blake Building, Admirals Quay, Ocean Way, Southampton SO14 3LN2
£395K02/230.3 mi137 The Hawkins Tower, Admirals Quay, Ocean Way, Southampton SO14 3LH2
£225K07/210.31 mi17, Asturias Way, Southampton SO14 3HT2
£298.5K05/230.32 mi37 The Moresby Tower, Admirals Quay, Ocean Way, Southampton SO14 3LF2
£280K06/210.36 mi57, Andes Close, Southampton SO14 3HS2
£315K11/210.39 miFlat 147, Oceana Boulevard, Orchard Place, Southampton SO14 3HW2
£120K04/210.43 mi185, Golden Grove, Southampton SO14 1TD2
£270K03/230.46 miFlat 25, Cobalt Quarter, Maritime Walk, Southampton SO14 3JY2
£142K11/210.47 miFlat 6, Lewis House, North Front, Southampton SO14 1LH2
£152K05/210.47 miFlat 32, Kingsland House, North Front, Southampton SO14 1LJ2
£228K03/210.48 miFlat 20, The Albany, Gloucester Square, Southampton SO14 2GH2
£255K05/210.5 miFlat 51, The Greenwich, Gloucester Square, Southampton SO14 2GJ2
£275K06/230.52 mi30, Pacific Close, Ocean Village, Southampton SO14 3TX2
£290K05/210.52 mi17, Pacific Close, Southampton SO14 3TX2
£110K01/210.53 mi41, Atlantic Close, Southampton SO14 3TB2
£110K01/210.53 mi41, Atlantic Close, Southampton SO14 3TB2
£166K11/200.55 miFlat 3, Spitfire Court, Mitchell Close, Southampton SO19 7TN2
£175K06/230.55 miFlat 26, Spitfire Court, Mitchell Close, Southampton SO19 7TN2
£200K04/210.56 mi98, Pacific Close, Southampton SO14 3TY2
£197.5K10/200.56 mi46, Pacific Close, Southampton SO14 3TY2
£270K09/210.57 miFlat 4, Mayflower Court, Bugle Street, Southampton SO14 2AP2
£85K02/230.6 miFlat 12, Hill House, Hill Street, Southampton SO19 7DB2
£144K11/200.7 mi68, Tankerville Road, Southampton SO19 7GN2
£173.5K03/210.71 miArdent House, 29, John Thornycroft Road, Southampton SO19 9SP2
£170K01/210.79 mi24, Mirabella Close, Southampton SO19 9AZ2
£175K07/230.79 mi26, Mirabella Close, Woolston, Southampton SO19 9AZ2
£170.5K10/210.79 mi15, Mirabella Close, Southampton SO19 9AZ2
£118.5K12/200.81 mi51a, Alfred Street, Southampton SO14 0NB2
£200K03/230.83 mi79, Victoria Road, Woolston, Southampton SO19 9DZ2
£95K06/210.92 miFlat 99, Wyndham Court, Commercial Road, Southampton SO15 1GT2
£85K02/230.92 miFlat 99, Wyndham Court, Commercial Road, Southampton SO15 1GT2
£117K03/210.92 miFlat 83, Wyndham Court, Commercial Road, Southampton SO15 1GT2
£119K12/200.92 miFlat 161, Wyndham Court, Commercial Road, Southampton SO15 1GU2
£181.5K04/230.93 mi36, Swift Road, Woolston, Southampton SO19 9FN2
£150K11/200.93 mi36, Swift Road, Southampton SO19 9FN2

Local Rents

50 rents from £925/mo to £2.9K/mo, average is £1.3K/mo.

RentDateDistanceAddressBeds 
£1,20009/240.01 miCarpathia Drive, Southampton, SO142
£1,20001/250.01 mi-2
£1,30009/240.03 miClench Street, Southampton2
£1,10009/240.04 miWhite Star Place, Southampton, SO142
£1,25009/240.04 miWhite Star Place, Southampton, Hampshire, SO142
£1,25009/240.05 miWhite Star Place, SOUTHAMPTON2
£1,35009/240.07 mi|Ref: R153399|, Anglesea Terrace, Southampton, SO14 5GP2
£1,05010/240.08 mi-2
£1,10010/240.08 mi-2
£1,10009/240.08 miThe Compass, Southampton, SO142
£1,30009/240.09 miThe Compass, Southampton, Hampshire, SO142
£1,30009/240.09 miThe Compass, SOUTHAMPTON2
£1,10009/240.09 miThe Compass, Southampton, SO142
£1,15001/250.09 mi-2
£1,25009/240.1 miChapel Road, Ocean Village, Southampton2
£1,30009/240.1 miChapel Road, Ocean Village, Southampton2
£1,35009/240.1 miAndersons Road, Southampton, Hampshire, SO142
£1,29502/250.14 mi-2
£1,30009/240.15 miChantry House, SO142
£1,20009/240.16 miCollege Street, Southampton2
£1,50004/250.16 mi-2
£2,60001/250.17 mi-2
£2,65002/250.17 mi-2
£1,40009/240.17 miEmpress Heights, Southampton2
£2,20004/250.18 mi-2
£2,90009/240.19 mi-2
£2,90010/240.19 mi-2
£2,70002/250.19 mi-2
£1,25009/240.19 miTerminus Terrace, SO142
£2,60003/250.2 mi-2
£2,50002/250.2 mi-2
£1,45009/240.21 miThomas Blake Avenue, Southampton, Hampshire, SO142
£1,05009/240.22 mi|Ref: R153568|, Terminus Terrace, Southampton, SO14 3BZ2
£1,10009/240.22 miAtlantic Mansions, SO142
£2,40002/250.22 mi-2
£2,75002/240.22 mi-2
£2,70001/250.22 mi-2
£2,65004/250.22 mi-2
£2,60002/250.22 mi-2
£2,70002/250.22 mi-2
£2,70003/250.22 mi-2
£2,70002/250.22 mi-2
£1,14804/250.22 mi-2
£1,00009/240.22 miTerminus Terrace, Southampton2
£1,00009/240.22 miTerminus Terrace, Southampton, Hampshire, SO142
£1,15009/240.22 miAlbert Road South, Southampton, SO142
£1,00009/240.23 miConsulate House, Central2
£1,20009/240.23 miEast Street2
£1,50002/240.24 miRoyal Crescent Road, Southampton, Hampshire, SO142
£92509/240.25 miSt. Mary Street, Southampton2

Local Area Statistics

Population in SO14

27,223

Population in Southampton

428,247

Town centre distance

1.38 miles away

Nearest school

0.10 miles away

Nearest train station

0.76 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+2%

Sales demand

Buyer's market

Capital growth (5yrs)

+7%

Property History

Listed for £120,000

February 6, 2025

Description

  • NO ONWARD CHAIN +
  • TWO BEDROOMS +
  • ENSUITE +
  • FAMILY BATHROOM +
  • PARKING +
  • LOUNGE/DINING AREA +
  • FIRST FLOOR +
  • CLOSE TO CITY CENTRE +
  • NEAR TO AMENITIES +
  • JULIET BALCONY +

Stylish 2-bedroom apartment in a modern building
without a lift. Affordable, clean, comfortable, and secure. Features include residents' parking. Convenient location. Perfect for young professionals or a small family. Book a viewing today!

Service Charge: £2,970 Aprox
Ground Rent: £232.00 Aprox
Length of Lease: 106 yrs

Agent Notes-‘’These particulars are believed to be correct and have been verified by or on behalf of the Vendor. However any interested party will satisfy themselves as to their accuracy and as to any other matter regarding the Property or its location or proximity to other features or facilities which is of specific importance to them. Distances and areas are only approximate and unless otherwise stated fixtures contents and fittings are not included in the sale. Prospective purchasers are always advised to commission a full inspection and structural survey of the Property before deciding to proceed with a purchase.’’
‘’Successful buyers will be required to complete online identity checks provided by Lifetime Legal. The cost of these checks is £80 inc. VAT per purchase which is paid in advance, directly to Lifetime Legal. This charge verifies your identity in line with our obligations as agreed with HMRC and includes mover protection.’’

Agent Details

Leaders Waterside Properties Sales, Ocean Village

0238 254 4439

Next Steps?

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