2 Bed Terraced House, Single Let, Southampton, SO14 1LP, £225,000

Palmerston Road, Southampton, Hampshire, SO14 1LP - 3 months ago

Leasehold

BTL

ROI: 1%

~57 m²

+10 photos

ValuationOvervalued

Sold Prices	£118K - £342.5K
Sold Prices/m²	£1.8K/m² - £5K/m²

Square Metres	~56.90 m²
Price/m²	£4K/m²
Value Estimate	£181,465£181,465

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£56,250£56,250
Stamp Duty & Legal Fees	£14,450£14,450
Total Cash In	£70,700£70,700

Cash Out
Rent Range	£925 - £3,000£925 - £3,000
Rent Estimate	£1,000
Running Costs/mo	£923£923
Cashflow/mo	£77£77
Cashflow/yr	£923£923
ROI	1%1%
Gross Yield	5%5%

Local Sold Prices

50 sold prices from £118K to £342.5K, average is £229K. £1.8K/m² to £5K/m², average is £3.2K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£265K	04/23	0.25 mi	105, St Andrews Road, Southampton SO14 0AE	£3,030	87	2	Terraced House
£260K	03/21	0.53 mi	101, Captains Place, Southampton SO14 3TF	-	-	2	Terraced House
£165K	03/21	0.56 mi	180, Northumberland Road, Southampton SO14 0EQ	£2,230	74	2	Terraced House
£176K	05/21	0.59 mi	70, Radcliffe Road, Southampton SO14 0PN	-	-	2	Terraced House
£200K	01/21	0.6 mi	51, Morris Road, Southampton SO15 2BQ	£1,802	111	2	Semi-Detached House
£290K	01/21	0.61 mi	44, Canton Street, Southampton SO15 2DH	£3,537	82	2	Terraced House
£309K	05/21	0.62 mi	19, Canton Street, Southampton SO15 2DJ	£3,533	87	2	Terraced House
£315K	12/21	0.62 mi	27, Canton Street, Southampton SO15 2DJ	£3,539	89	2	Terraced House
£342.5K	12/22	0.64 mi	41, Canton Street, Southampton SO15 2DL	£3,835	89	2	Detached House
£238K	10/21	0.68 mi	39, Rockstone Lane, Southampton SO14 6HZ	£4,863	49	2	Terraced House
£210K	09/21	0.69 mi	20, Rockstone Lane, Southampton SO14 6HZ	£2,940	71	2	Terraced House
£257.5K	01/23	0.69 mi	44, Rockstone Lane, Southampton SO14 6HZ	£3,110	83	2	Terraced House
£149K	03/21	0.69 mi	19, Rockstone Lane, Southampton SO14 6HZ	£2,691	55	2	Terraced House
£185K	01/21	0.69 mi	12, Rockstone Lane, Southampton SO14 6HZ	£3,364	55	2	Terraced House
£220K	05/21	0.69 mi	27, Rockstone Lane, Southampton SO14 6HZ	£3,548	62	2	Terraced House
£214K	06/21	0.69 mi	35, Rockstone Lane, Southampton SO14 6HZ	£3,452	62	2	Terraced House
£252K	12/22	0.69 mi	25, Rockstone Lane, Southampton SO14 6HZ	£5,019	50	2	Terraced House
£215K	04/21	0.69 mi	15, Leyton Road, Southampton SO14 0PX	£2,560	84	2	Terraced House
£229K	04/21	0.7 mi	24, Southcliff Road, Southampton SO14 6GE	£2,694	85	2	Terraced House
£229K	04/21	0.71 mi	22, Methuen Street, Southampton SO14 6FN	£3,225	71	2	Terraced House
£258K	09/23	0.71 mi	24, Methuen Street, Southampton SO14 6FN	£3,587	72	2	Terraced House
£237.1K	01/23	0.71 mi	26, Methuen Street, Southampton SO14 6FN	£4,197	56	2	Terraced House
£242.5K	02/23	0.71 mi	10, Methuen Street, Southampton SO14 6FN	£4,409	55	2	Terraced House
£215K	04/21	0.71 mi	43, Liverpool Street, Southampton SO14 6FZ	£3,359	64	2	Terraced House
£212.5K	06/21	0.71 mi	25, Liverpool Street, Southampton SO14 6FZ	£4,337	49	2	Terraced House
£172K	09/21	0.71 mi	19, Mount Pleasant Road, Southampton SO14 0EF	£2,966	58	2	Terraced House
£118K	02/23	0.71 mi	11, Mount Pleasant Road, Southampton SO14 0EF	£1,761	67	2	Terraced House
£214K	03/21	0.73 mi	8, Dover Street, Southampton SO14 6GF	£2,936	73	2	Terraced House
£300K	04/23	0.73 mi	49, Southcliff Road, Southampton SO14 6HR	£2,564	117	2	Semi-Detached House
£232K	03/21	0.74 mi	15, Castle Street, Southampton SO14 6GZ	£3,206	72	2	Terraced House
£227K	06/21	0.74 mi	9, Peterborough Road, Southampton SO14 6HY	-	-	2	Terraced House
£252.5K	12/22	0.76 mi	71, Dover Street, Southampton SO14 6GN	-	-	2	Terraced House
£230K	12/22	0.76 mi	232, Northam Road, Southampton SO14 0QE	£2,840	81	2	Terraced House
£222.5K	10/21	0.77 mi	30, Middle Street, Southampton SO14 6GJ	£2,819	79	2	Terraced House
£215K	11/20	0.77 mi	20, Middle Street, Southampton SO14 6GJ	£3,116	69	2	Terraced House
£226K	12/20	0.78 mi	33, Methuen Street, Southampton SO14 6FR	£3,373	67	2	Terraced House
£236K	01/21	0.78 mi	46, Methuen Street, Southampton SO14 6FR	£3,189	74	2	Terraced House
£262K	11/22	0.78 mi	33, Methuen Street, Southampton SO14 6FR	£3,910	67	2	Terraced House
£220K	05/23	0.79 mi	53, Dover Street, Southampton SO14 6GN	£3,014	73	2	Terraced House
£225K	05/21	0.79 mi	1, Fitzhugh Place, Southampton SO15 2JG	£2,296	98	2	Terraced House
£238K	11/21	0.79 mi	2, Fitzhugh Place, Southampton SO15 2JG	£2,767	86	2	Terraced House
£235K	11/22	0.79 mi	28, Peterborough Road, Southampton SO14 6HX	£4,573	51	2	Terraced House
£210K	07/21	0.79 mi	32, Peterborough Road, Southampton SO14 6HX	£4,038	52	2	Terraced House
£298.5K	02/23	0.79 mi	63, Dover Street, Southampton SO14 6GN	£3,554	84	2	Terraced House
£221K	01/21	0.8 mi	59, Middle Street, Southampton SO14 6HU	£2,478	89	2	Terraced House
£285K	03/23	0.8 mi	76, Dover Street, Southampton SO14 6GL	£3,338	85	2	Terraced House
£245K	04/21	0.8 mi	74, Dover Street, Southampton SO14 6GL	£2,917	84	2	Terraced House
£226K	03/21	0.8 mi	62, Dover Street, Southampton SO14 6GL	£3,013	75	2	Terraced House
£203K	04/23	0.8 mi	59, Bath Street, Southampton SO14 6GR	-	-	2	Terraced House
£270K	07/23	0.81 mi	1b, Cedar Road, Portswood, Southampton SO14 6HN	£3,600	75	2	Terraced House

Local Rents

51 rents from £925/mo to £3K/mo, average is £1.2K/mo.

Rent	Date	Distance	Address	Beds	Type
£1,250	08/24	0.04 mi	-	2	Flat
£1,150	03/25	0.11 mi	-	2	Flat
£1,150	09/24	0.12 mi	Parkview Mansions, New Road, Southampton, SO14	2	Flat
£1,800	03/25	0.13 mi	-	2	Flat
£2,200	04/25	0.13 mi	-	2	Flat
£2,200	09/24	0.14 mi	-	2	Flat
£3,000	09/24	0.14 mi	-	2	Flat
£1,250	09/24	0.16 mi	Craven Street Southampton, SO14	2	Flat
£1,450	02/25	0.17 mi	-	2	Flat
£1,150	04/25	0.17 mi	-	2	Flat
£995	09/24	0.17 mi	St Mary's Street, St Mary's, Southampton, SO14	2	Flat
£1,150	09/24	0.18 mi	Hanover Buildings, Southampton	2	Flat
£1,350	09/24	0.18 mi	2 Bedroom Flat \| City Centre \| Available 1st September 2024	2	Flat
£1,150	09/24	0.18 mi	\|Ref: R152476\|, Hanover Building, Southampton, SO14 1JH	2	Flat
£1,300	09/24	0.18 mi	\|Ref: R152647\|, Hanover Buildings, Southampton, SO14 1JH	2	Flat
£1,100	09/24	0.18 mi	\|Ref: R152456\|, Hanover Buildings, Southampton, SO14 1JH	2	Flat
£1,100	09/24	0.18 mi	\|Ref: R152202\|, Hanover House, Hanover Building, Southampton, SO14 1JH	2	Flat
£1,250	09/24	0.18 mi	\|Ref: R152181\|, Hanover House, 19a Hanover Buildings, Southampton, SO14 1JH	2	Flat
£1,300	09/24	0.18 mi	\|Ref: R152382\|, Hanover Buildings, Southampton, SO14 1JH	2	Flat
£925	09/24	0.18 mi	St. Mary Street, Southampton	2	Flat
£1,100	09/24	0.18 mi	Hanover Buildings, Southampton, Hampshire, SO14	2	Flat
£1,300	09/24	0.18 mi	Hanover Buildings, Southampton	2	Flat
£1,250	09/24	0.18 mi	Hanover Buildings, Southampton	2	Flat
£1,250	09/24	0.18 mi	Hanover Buildings, Southampton, Hampshire, SO14	2	Flat
£1,300	09/24	0.18 mi	Hanover Buildings, Southampton, Hampshire, SO14	2	Flat
£1,150	09/24	0.18 mi	Hanover Buildings, Southampton	2	Flat
£1,100	09/24	0.18 mi	Hanover Buildings, Southampton, Hampshire, SO14	2	Flat
£1,150	09/24	0.18 mi	Hanover Buildings, Southampton, Hampshire, SO14	2	Flat
£1,200	09/24	0.18 mi	Hanover Court, Southampton, Hampshire, SO14 1BP	2	Flat
£1,300	09/24	0.18 mi	Hanover Buildings, Southampton, Hampshire, SO14	2	Flat
£1,100	09/24	0.18 mi	Hanover Buildings, Southampton, Hampshire, SO14	2	Flat
£1,150	09/24	0.18 mi	F-4 HANOVER COURT, Southampton, Hampshire, SO14	2	Flat
£1,095	09/24	0.18 mi	1-2 Hanover Buildings, Southampton	2	Flat
£995	09/24	0.19 mi	Halifax Apartments, SO14	2	Flat
£1,000	09/24	0.19 mi	Above Bar Street, City Centre	2	Flat
£1,150	09/24	0.21 mi	\|Ref: R152329\|, Hanover Court, Southampton, SO14 1BP	2	Flat
£1,100	10/24	0.22 mi	-	2	Flat
£1,100	10/24	0.22 mi	-	2	Flat
£1,000	03/25	0.22 mi	-	2	Flat
£1,030	10/24	0.22 mi	-	2	Flat
£1,590	09/24	0.23 mi	Park Walk, Guildhall Apartments, 10 Park Walk, Southampton, Hampshire, SO14 7BL	2	Flat
£1,450	09/24	0.23 mi	Park Walk, Southampton, SO14	2	Flat
£1,095	09/24	0.23 mi	-	2	Flat
£1,250	09/24	0.24 mi	Ogle Road, Southampton	2	Flat
£1,200	09/24	0.24 mi	East Street	2	Flat
£1,200	09/24	0.24 mi	Orchard Place, Southampton, SO14	2	Flat
£1,400	04/25	0.24 mi	-	2	Flat
£1,550	09/24	0.24 mi	Gatehouse Apartments, Southampton Southampton SO14	2	Flat
£1,700	09/24	0.24 mi	Gatehouse Apartments, Southampton Southampton SO14	2	Flat
£1,650	09/24	0.24 mi	Gatehouse Apartments, Southampton Southampton SO14	2	Flat
£1,575	09/24	0.24 mi	Gatehouse Apartments, Southampton Southampton SO14	2	Flat

Local Area Statistics

Population in SO14	27,22327,223
Population in Southampton	428,247428,247
Town centre distance	1.12 miles away1.12 miles away
Nearest school	0.20 miles away0.20 miles away
Nearest train station	0.61 miles away0.61 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	+2%+2%
Sales demand	Buyer's marketBuyer's market
Capital growth (5yrs)	+7%+7%

Property History

Price changed to £225,000

March 28, 2025

Listed for £230,000

February 7, 2025

Floor Plans

Description

This stunning two-bedroom penthouse apartment, situated in the popular Central Park development in the heart of Southampton, offers an unparalleled living experience. Originally owned since its construction, the property boasts a spacious private rooftop terrace, providing an oasis of space and privacy with breathtaking views over the wonderful inner city parks.

Upon entering, you are welcomed by a generous entrance hall that leads into a light-filled, open-plan living/kitchen area. The modern kitchen seamlessly integrates with the dining and living spaces, all of which open out onto the expansive roof terrace, perfect for entertaining or simply enjoying the serene surroundings.

The accommodation includes two well-appointed bedrooms, both offering ample space and comfort. These are complemented by a stylish three-piece family bathroom. The block features a lift to all floors, ensuring easy access, and the apartment comes with allocated Undercroft parking. With no forward chain, this exceptional property is ready for you to make your own.

Agent Details

Morris Dibben, Southampton

0238 144 9928

Next Steps?

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

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