3 Bed Terraced House, Refurb/BRRR, Eastleigh, SO50 5DU, £250,000

3, Burns Close, Eastleigh, SO50 5DU - 6 views - 2 months ago

Sold STC
Refurb/BRRR
ROI: 6%
60 m²
+4 photos

ValuationOvervalued

Sold Prices£150K - £400K
Sold Prices/m²£1.8K/m² - £4.7K/m²

 

 

Square Metres

60 m²
Price/m²£4.2K/m²

Value Estimate

£193,373

 

 

End Value (After Refurb)

£213,010

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£62,500

Stamp Duty & Legal Fees

£8,700

Refurb Costs

£27,132

Bridging Loan Interest

£6,563

Total Cash In

£106,645

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£213,010

Mortgage (After Refinance)

£159,757

Mortgage LTV

75%

Cash Left In

£106,645

Equity

£53,252

Rent Range

£975 - £1,850

Rent Estimate

£1,522

Running Costs/mo

£990

Cashflow/mo

£532

Cashflow/yr

£6,383

ROI

6%

Gross Yield

7%

Local Sold Prices

50 sold prices from £150K to £400K, average is £298K. £1.8K/m² to £4.7K/m², average is £3.5K/m².

PriceDateDistanceAddressBeds 
£315K03/210.03 mi6, The Heathers, Eastleigh, Hampshire SO50 5JZ3
£275K06/210.03 mi4, The Heathers, Eastleigh, Hampshire SO50 5JZ3
£327.5K02/230.03 mi1, The Heathers, Eastleigh, Hampshire SO50 5JZ3
£265K12/200.04 mi67, Locksley Road, Eastleigh, Hampshire SO50 5DR3
£192.1K03/210.06 mi7, Burns Road, Eastleigh, Hampshire SO50 5DW3
£150K01/210.06 mi13, Burns Road, Eastleigh, Hampshire SO50 5DW3
£283K04/210.07 mi70, Derby Road, Eastleigh, Hampshire SO50 5GS3
£262K11/200.07 mi119, Derby Road, Eastleigh, Hampshire SO50 5GT3
£250K03/230.08 mi72, Locksley Road, Eastleigh, Hampshire SO50 5DS3
£225K08/210.08 mi48, Locksley Road, Eastleigh, Hampshire SO50 5DS3
£241K11/200.08 mi20, Locksley Road, Eastleigh, Hampshire SO50 5DS3
£250K04/210.08 mi32, Locksley Road, Eastleigh, Hampshire SO50 5DS3
£256K03/210.11 mi231, Passfield Avenue, Eastleigh, Hampshire SO50 9ND3
£335K08/210.11 mi19, Spencer Road, Eastleigh, Hampshire SO50 9GP3
£267.5K12/200.11 mi11, Spencer Road, Eastleigh, Hampshire SO50 9GP3
£300K09/210.13 mi31, Cedar Road, Eastleigh, Hampshire SO50 9NR3
£365K06/230.14 mi11, Scott Road, Eastleigh, Hampshire SO50 9FW3
£257.9K11/200.14 mi9, Scott Road, Eastleigh, Hampshire SO50 9FW3
£310K05/210.16 mi26, Oconnell Road, Eastleigh, Hampshire SO50 9GL3
£315K03/230.18 mi30, Magpie Lane, Eastleigh, Hampshire SO50 9LS3
£275K10/200.18 mi34, Magpie Lane, Eastleigh, Hampshire SO50 9LS3
£365K07/230.18 mi34, Magpie Lane, Eastleigh, Hampshire SO50 9LS3
£275K04/210.19 mi55, Chadwick Road, Eastleigh, Hampshire SO50 9GJ3
£299.9K08/210.21 mi2, Owen Road, Eastleigh, Hampshire SO50 9GG3
£310K03/230.21 mi10, Owen Road, Eastleigh, Hampshire SO50 9GG3
£250K05/210.22 mi73, Derby Road, Eastleigh, Hampshire SO50 5FF3
£340K03/230.22 mi77, Derby Road, Eastleigh, Hampshire SO50 5FF3
£325K02/230.23 mi49, Falcon Square, Eastleigh, Hampshire SO50 9JF3
£295K08/210.24 mi5, Owen Road, Eastleigh, Hampshire SO50 9GF3
£280K11/210.26 mi45, Falcon Square, Eastleigh, Hampshire SO50 9JF3
£325K05/230.26 mi31, Falcon Square, Eastleigh, Hampshire SO50 9JF3
£337.5K05/230.26 mi23, Falcon Square, Eastleigh, Hampshire SO50 9JF3
£296K09/210.28 mi16, Parnell Road, Eastleigh, Hampshire SO50 5EZ3
£265K03/210.3 mi95, Monks Way, Eastleigh, Hampshire SO50 5BG3
£350K09/210.32 mi1, Linnet Square, Eastleigh, Hampshire SO50 9JL3
£289K11/210.32 mi141, Chestnut Avenue, Eastleigh, Hampshire SO50 5BB3
£400K08/230.33 mi79, Passfield Avenue, Eastleigh, Hampshire SO50 9NJ3
£400K06/230.33 mi77, Passfield Avenue, Eastleigh, Hampshire SO50 9NJ3
£392.5K08/230.36 mi29, Greenfinch Close, Eastleigh, Hampshire SO50 9JN3
£382.5K03/230.36 mi17, Greenfinch Close, Eastleigh, Hampshire SO50 9JN3
£262K03/210.36 mi7, Greenfinch Close, Eastleigh, Hampshire SO50 9JN3
£385K07/230.36 mi15, Greenfinch Close, Eastleigh, Hampshire SO50 9JN3
£271K11/200.38 mi43, Monks Way, Eastleigh, Hampshire SO50 5BE3
£320K06/230.38 mi35a, Monks Way, Eastleigh, Hampshire SO50 5BE3
£365K01/230.38 mi53, Viscount Gardens, Eastleigh, Hampshire SO50 5TZ3
£315K03/210.38 mi34, Nightingale Avenue, Eastleigh, Hampshire SO50 9JQ3
£320K03/230.39 mi4, Woodpecker Way, Eastleigh, Hampshire SO50 9LF3
£310K01/230.39 mi60, Dakota Way, Eastleigh, Hampshire SO50 5TY3
£227.5K03/210.39 mi48, Wilmer Road, Eastleigh, Hampshire SO50 5EX3
£263K02/210.4 mi76, Dakota Way, Eastleigh, Hampshire SO50 5TY3

Local Rents

26 rents from £975/mo to £1.9K/mo, average is £1.6K/mo.

RentDateDistanceAddressBeds 
£1,65002/250.17 mi-3
£1,60012/240.17 mi-3
£1,85009/240.2 mi-3
£1,70002/240.2 mi-3
£1,80012/240.2 mi-3
£1,75009/240.2 mi-3
£1,70004/250.32 mi-3
£1,60002/240.33 miPassfield Avenue, Eastleigh, SO503
£1,35009/240.37 miEastleigh3
£1,45009/240.38 mi-3
£1,35012/240.41 miDrum Road, Eastleigh3
£1,55012/240.41 mi-3
£1,50012/240.42 mi-3
£1,65009/240.43 miGreat Farm Road, Eastleigh, Hampshire, SO503
£1,60003/250.43 mi-3
£1,40012/240.44 miDrum Road, Eastleigh, Hampshire, SO503
£1,55012/240.44 mi-3
£1,70009/240.45 miTinning Way, Eastleigh3
£1,30009/240.45 mi-3
£1,55012/240.48 miBenny Hill Close SILVER SUB, Eastleigh, Hampshire, SO503
£1,50012/240.5 miOvington Gardens, Eastleigh, SO503
£1,50012/240.57 miArnold Road, Eastleigh, SO503
£1,65004/250.58 mi-3
£1,45002/250.59 mi-3
£1,35009/240.59 miEastleigh3
£97509/240.61 miCauston Gardens, Eastleigh3

Local Area Statistics

Population in SO50

46,318

Population in Eastleigh

78,741

Town centre distance

1.21 miles away

Nearest school

0.50 miles away

Nearest train station

0.93 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+1%

Sales demand

Balanced market

Capital growth (5yrs)

+12%

Property History

Listed for £250,000

February 7, 2025

Floor Plans

Description

  • 1930's Built +
  • 3 Bedrooms +
  • Mid Terrace +
  • Scope to Modernise +
  • First Floor Bathroom +
  • Gas Fired Central Heating +
  • Double Glazed +
  • Enclosed Rear Garden +
  • Set Amongst Similar Homes +
  • No Onward Chain +

Built in the 1930's by Eastleigh Garden Estates. A three bedroom mid terrace, which would now benefit from internal modernisation with scope to extend. Currently arranged as entrance hallway, lounge / diner with kitchen giving direct access to the rear garden. All bedrooms are located on the first floor and served by a bathroom suite. NO ONWARD CHAIN.

Entrance Hallway - Textured ceiling, ceiling light point, picture rail. Singe panel radiator, staircase leading to the first floor landing with an under stairs storage cupboard.

Lounge / Diner - 6.27 x 3.0 (20'6" x 9'10") - Smooth plastered ceiling with coving, two ceiling light points, upvc double glazed window to the front and rear aspects. Two double panel radiators, provision of power points and television point.

From here a four panel sliding door gives access to the kitchen.

Kitchen - 2.74 x 1.64 (8'11" x 5'4") - The kitchen is fitted with a range of low level and wall mounted cupboards, heat resistant work suface with an inset stainless steel sink unit with mixer tap over. Space for a free standing cooker with gas point, space and plumbing for an automatic washing machine.

Textured ceiling, ceiling light point, upvc double glazed window to the rear aspect and a upvc double glazed door giving direct access to the rear garden. Linoleum floor covering.

First Floor Landing - Accessed by a turning staircase from the entrance hallway. With a textured ceiling, ceiling light point.

Bedroom 1 - 3.09 x 3.01 (10'1" x 9'10") - Smooth plastered ceiling, ceiling light point, upvc double glazed window to the front aspect, single panel radiator, provision of power points.

Bedroom 2 - 3.07 x 2.97 (10'0" x 9'8") - Smooth plastered ceiling, ceiling light point, access to the roof void, picture rail. Upvc double glazed window to the rear aspect, single panel radiator, provision of power points.

Bedroom 3 - 1.65 x 1.89 (5'4" x 6'2") - Textured ceiling, ceiling light point, picture rail, upvc double glazed window to the front aspect, single panel radiator, provision of power points.

Bathroom - 2.38 x 1.69 (7'9" x 5'6") - Fitted with a three piece coloured suite comprising pedestal wash hand basin, close coupled wc, bath.

Smooth plastered ceiling, ceiling light point, upvc obscure window to the rear aspect, singe panel radiator. A panel door opens to a useful (large) cupboard providing storage.

Front Garden - A wooden fence to the front boundary and principally laid to paving with a shrub / flower bed to the middle.

(Potential to create off road parking for a couple of vehicles).

Rear Garden - Stepping out from the kitchen door, onto a small area laid to patio. A wrought iron gate gives access to the side of the property and in turn, back to the front of the house.

The rear garden is enclosed by timber panel fencing with hardstanding for a shed located to the rear boundary and is principally laid to lawn.

Council Tax Band B -

Agent Details

David Evans Estate Agents, Eastleigh

0238 001 1030

Next Steps?

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