3 Bed Terraced House, Refurb/BRRR, Southampton, SO16 3EL, £230,000

Bembridge Close, Southampton, SO16 3EL - 9 views - 3 months ago

Refurb/BRRR
ROI: 1%
~93 m²
+12 photos

ValuationUndervalued

Sold Prices£150K - £499K
Sold Prices/m²£2.2K/m² - £6.5K/m²

 

 

Square Metres

~93 m²
Price/m²£2.5K/m²

Value Estimate

£240,000

 

 

End Value (After Refurb)

£324,091

Uplift in Value

+35%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£57,500

Stamp Duty & Legal Fees

£8,400

Refurb Costs

£41,600

Bridging Loan Interest

£6,038

Total Cash In

£115,288

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Estimated Sale Price

£324,091

Agent Fees (1%)

£3,241

Bridging Loan

£172,500

Bridging Loan Interest

£6,038

Flip Profit

£33,063

Local Sold Prices

50 sold prices from £150K to £499K, average is £245K. £2.2K/m² to £6.5K/m², average is £3.3K/m².

PriceDateDistanceAddressBeds 
£247.5K06/230 mi4, Bembridge Close, Southampton SO16 3EL3
£198K02/210 mi6, Bembridge Close, Southampton SO16 3EL3
£245K01/230.02 mi4, Brighstone Close, Southampton SO16 3EJ3
£230K10/210.07 mi1, Binstead Close, Southampton SO16 3DT3
£217.5K09/210.09 mi17, Brading Close, Southampton SO16 3DS3
£242.5K06/230.09 mi48, Brading Close, Bassett Green, Southampton SO16 3DS3
£210K03/210.09 mi49, Brading Close, Southampton SO16 3DS3
£275K02/210.13 mi104, Bassett Green Road, Southampton SO16 3EF3
£470K03/210.14 mi67, Bassett Green Road, Southampton SO16 3DW3
£325K02/210.14 mi9, Field Close, Southampton SO16 3DY3
£450K12/220.15 mi102, Ethelburt Avenue, Southampton SO16 3DE3
£370K01/210.15 mi85, Ethelburt Avenue, Southampton SO16 3DF3
£380K02/210.15 mi65, Ethelburt Avenue, Southampton SO16 3DF3
£328K05/210.16 mi24, Leaside Way, Southampton SO16 3DU3
£195K03/210.16 mi249, Leaside Way, Southampton SO16 3EQ3
£245K02/230.17 mi2, Lupin Road, Southampton SO16 3LB3
£310K03/230.17 mi136, Bassett Green Road, Southampton SO16 3FG3
£425K04/230.2 mi41, Ethelburt Avenue, Southampton SO16 3DG3
£330K11/200.2 mi49, Ethelburt Avenue, Southampton SO16 3DG3
£190K04/210.22 mi53, Carnation Road, Bassett, Southampton SO16 3JH3
£316.5K12/200.22 mi16, Greenways, Southampton SO16 2NY3
£325K05/210.25 mi55, Stoneham Lane, Southampton SO16 2NZ3
£332K08/210.27 mi26, Stoneham Lane, Southampton SO16 2NW3
£210K12/200.28 mi30, Carnation Road, Bassett, Southampton SO16 3JW3
£218.5K06/210.29 mi50, Laburnum Road, Southampton SO16 3LF3
£325K01/210.29 mi96, Bassett Green Village, Southampton SO16 3NB3
£230K11/200.29 mi48, Laburnum Road, Southampton SO16 3LF3
£225K02/210.29 mi12, Laburnum Road, Southampton SO16 3LF3
£230K10/210.3 mi174, Carnation Road, Bassett, Southampton SO16 3JF3
£235K12/210.3 mi126, Carnation Road, Southampton SO16 3JF3
£185K12/200.3 mi154, Carnation Road, Bassett, Southampton SO16 3JF3
£235K02/230.31 mi54, Laburnum Road, Southampton SO16 3LF3
£220K03/210.32 mi65, Laburnum Road, Southampton SO16 3LG3
£450K01/230.32 mi29, Bassett Green Road, Southampton SO16 3DJ3
£222.5K06/210.34 mi157, Bluebell Road, Southampton SO16 3LN3
£204K02/210.35 mi129, Bluebell Road, Southampton SO16 3LL3
£350.5K03/210.35 mi33, Channels Farm Road, Southampton SO16 2PF3
£335K11/200.35 mi30, Willis Road, Southampton SO16 2NT3
£410K03/210.36 mi160, Bassett Green Road, Southampton SO16 3LW3
£220K02/210.37 mi151, Honeysuckle Road, Southampton SO16 3BQ3
£205K08/210.37 mi114, Bluebell Road, Southampton SO16 3LP3
£275K07/230.39 mi12a, Channels Farm Road, Southampton SO16 2PE3
£220.5K05/230.39 mi65, Honeysuckle Road, Southampton SO16 3BT3
£253K04/230.39 mi143, Honeysuckle Road, Southampton SO16 3BT3
£212K05/210.42 mi40, Bluebell Road, Southampton SO16 3LQ3
£205K11/210.46 mi144, Honeysuckle Road, Southampton SO16 3BW3
£499K02/210.46 mi27, Bassett Green Close, Southampton SO16 3QQ3
£290K10/220.48 mi53, Woodcote Road, Southampton SO17 3TF3
£246K08/220.48 mi51, Woodcote Road, Southampton SO17 3TF3
£150K11/200.49 mi4, Wessex Lane, Swaythling, Southampton SO18 2LB3

Local Rents

32 rents from £1.1K/mo to £4.1K/mo, average is £1.4K/mo.

RentDateDistanceAddressBeds 
£1,30002/240.02 mi-3
£1,47509/240.05 miLeaside Way,Southampton3
£1,32009/240.07 miBinstead Close, 3
£1,92612/240.15 mi-3
£1,92603/250.15 mi-3
£1,40009/240.22 miLobelia Road, SOUTHAMPTON3
£2,00009/240.24 miStoneham Lane, SOUTHAMPTON3
£1,35009/240.32 miLaburnum Road3
£1,10009/240.35 mi***this Property Is Now Fully Booked***3
£1,35009/240.37 miHoneysuckle Road, Southampton3
£1,35009/240.37 miBluebell Road, Southampton, SO16 3LP3
£1,50004/250.38 mi-3
£1,05009/240.38 miAster Road3
£1,62509/240.42 miBurgess Road, Southampton3
£4,12704/250.43 mi-3
£1,60003/250.43 mi-3
£1,60003/250.43 mi-3
£1,50009/240.46 miHoneysuckle Road, Southampton, Hampshire, SO163
£1,50009/240.46 miHoneysuckle Road, SOUTHAMPTON3
£1,50009/240.46 miHoneysuckle Road, SOUTHAMPTON3
£1,30009/240.46 miHoneysuckle Road, SOUTHAMPTON3
£1,45009/240.46 miLilac Road3
£1,25009/240.48 mi-3
£1,45009/240.48 miBurgess Road, Southampton3
£1,59509/240.48 miBurgess Road, Southampton3
£1,60009/240.48 miBurgess Road, Southampton SO163
£1,49509/240.51 mi|Ref: R169208|, Bealing Close, Southampton, SO16 3AX3
£1,42509/240.54 miHarefield Road, Southampton3
£1,40002/250.54 mi-3
£1,37509/240.54 mi|Ref: R164519|, Bealing Close, Southampton, SO16 3AW3
£1,35008/240.57 mi-3
£1,35001/250.6 mi-3

Local Area Statistics

Population in SO16

66,270

Population in Southampton

428,247

Town centre distance

1.70 miles away

Nearest school

0.10 miles away

Nearest train station

0.46 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+7%

Sales demand

Seller's market

Capital growth (5yrs)

+18%

Property History

Price changed to £230,000

March 28, 2025

Listed for £240,000

February 11, 2025

Floor Plans

Description

  • Three bedroom mid terrace house +
  • Off road parking +
  • In need of refurbishment +
  • Excellent location +
  • End of the chain +
  • Open Plan Lounge Dinning Room +
  • EPC D +
  • Council tax band B +

Kings estates are please to offer to the market Bembridge Close a rare opportunity for buyers looking to put their own stamp on a property. This three-bedroom family home is in need of full modernisation. Giving a spacious blank canvass for a fantastic family home in a sought-after location.

Key Features:
- Spacious three-bedroom layout, ideal for families or those looking to upsize.
- Electric central heating, with gas available in the road for those considering an upgrade.
- Off-road parking, offering convenience in this well-connected area.
- Full modernisation required, making it a great project for buyers wanting to create their dream home.

Ideal Location for Families:
- Within the catchment area for the well-regarded St. George Catholic College and Cantell School.
- A well-established family-friendly neighbourhood with easy access to local amenities, parks, and transport links.
- Excellent connections to Southampton city centre, as well as nearby shops and leisure facilities.

With its fantastic location and great potential, Bembridge Close is a perfect opportunity for buyers looking for a renovation project in a desirable family area. Viewings are highly recommended to appreciate the possibilities this property has to offer.

Floor Area 828 ft2/ 77 m2
Plot Size 0.03 acres
Local Authority City Of Southampton
Conservation Area No
Council Tax Band Band B
Flood Risk
Council Tax Estimate £1,678
Year Built 1967-1975
Latest FENSA Work 12/09/2016
Rivers & Seas No Risk
Surface Water Low
Tenure Freehold
Coverage Mobile (based on calls indoors) O2 EE Three Vodafone
Broadband (estimated speeds) Standard 3 mbps Superfast 74 mbps Ultrafast 1000 mbps
Satellite & Cable TV Availability BT Sky Virgin

Agent Details

Kings Estates, Southampton

0238 202 7993

Next Steps?

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

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