3 Bed Semi-Detached House, Refurb/BRRR, Southampton, SO19 8GF, £225,000

Effingham Gardens, Sholing, Southampton, SO19 8GF - 8 views - 3 months ago

Sold STC
Refurb/BRRR
ROI: 1%
~93 m²
+14 photos

ValuationFair Value

Sold Prices£172.5K - £372K
Sold Prices/m²£2.1K/m² - £5.2K/m²

 

 

Square Metres

~93 m²
Price/m²£2.4K/m²

Value Estimate

£229,500

 

 

End Value (After Refurb)

£302,622

Uplift in Value

+34%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£56,250

Stamp Duty & Legal Fees

£7,950

Refurb Costs

£42,000

Bridging Loan Interest

£5,906

Total Cash In

£113,856

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Estimated Sale Price

£302,622

Agent Fees (1%)

£3,026

Bridging Loan

£168,750

Bridging Loan Interest

£5,906

Flip Profit

£16,990

Local Sold Prices

50 sold prices from £172.5K to £372K, average is £250K. £2.1K/m² to £5.2K/m², average is £3.3K/m².

PriceDateDistanceAddressBeds 
£250K12/200 mi25, Effingham Gardens, Sholing, Southampton SO19 8GF3
£240K03/210.03 mi212, Kathleen Road, Southampton SO19 8GY3
£270K07/230.04 mi23, Banbury Avenue, Southampton SO19 8GH3
£280K05/230.04 mi27, Banbury Avenue, Southampton SO19 8GH3
£205K02/230.07 mi215, Kathleen Road, Southampton SO19 8GZ3
£290K04/230.12 mi21, Mowbray Road, Southampton SO19 8GP3
£310K05/230.12 mi13, Mowbray Road, Southampton SO19 8GP3
£296.3K03/230.12 mi17, Gladstone Road, Southampton SO19 8GU3
£205K01/210.12 mi236, Kathleen Road, Southampton SO19 8HG3
£290K05/230.14 mi26, Luton Road, Southampton SO19 8GR3
£290K02/230.14 mi14, Crosswell Close, Sholing, Southampton SO19 8HE3
£260K02/210.15 mi4, Gladstone Road, Southampton SO19 8GT3
£290K06/230.18 mi43, Crowther Close, Southampton SO19 1BX3
£217K12/200.18 mi19, Crowther Close, Southampton SO19 1BX3
£220K02/210.18 mi59, Crowther Close, Southampton SO19 1BX3
£215K02/210.18 mi4, Coalville Road, Southampton SO19 8GQ3
£225K07/210.18 mi266, Bursledon Road, Southampton SO19 8ND3
£250K02/210.19 mi34, Cleethorpes Road, Southampton SO19 8AQ3
£360K07/230.19 mi20, Drove Road, Southampton SO19 8GJ3
£228K09/210.2 mi357, Butts Road, Southampton SO19 1BR3
£240K03/210.21 mi305, Butts Road, Southampton SO19 1BR3
£372K12/220.21 mi5, Magpie Gardens, Southampton SO19 1BS3
£252.5K12/200.23 mi17, Staith Close, Southampton SO19 8BL3
£219.5K03/210.23 mi274, Butts Road, Southampton SO19 1BT3
£365K02/210.23 mi282, Butts Road, Southampton SO19 1BT3
£280K11/220.25 mi75, Alfriston Gardens, Southampton SO19 8GB3
£200K05/230.25 mi399, Butts Road, Southampton SO19 1BZ3
£253.7K04/210.25 mi14, Chadwell Avenue, Southampton SO19 8GD3
£232K12/200.26 mi5, Chadwell Avenue, Sholing, Southampton SO19 8GE3
£192K12/200.27 mi346, Bursledon Road, Southampton SO19 8NF3
£222.5K12/200.27 mi60, Kathleen Road, Sholing, Southampton SO19 8LN3
£255K09/210.28 mi80, Kathleen Road, Southampton SO19 8LN3
£275K03/210.28 mi156, Kathleen Road, Southampton SO19 8LN3
£237K05/210.28 mi102, Kathleen Road, Sholing, Southampton SO19 8LN3
£215K09/210.28 mi11, Butts Square, Southampton SO19 1DB3
£225K03/230.28 mi5, Butts Square, Southampton SO19 1DB3
£284K03/210.29 mi119, Kathleen Road, Southampton SO19 8LP3
£310K03/230.29 mi4, Fair Green, Southampton SO19 8QW3
£240K11/200.29 mi13, Fair Green, Southampton SO19 8QW3
£285K11/200.3 mi456, Butts Road, Southampton SO19 1DD3
£320K02/230.3 mi458, Butts Road, Southampton SO19 1DD3
£285K06/230.3 mi9, Fair Green, Southampton SO19 8QW3
£222.9K11/200.3 mi9, Butts Close, Southampton SO19 1DE3
£220K11/200.31 mi515, Hinkler Road, Southampton SO19 6DL3
£225K11/210.31 mi12, Landseer Road, Southampton SO19 1EE3
£287.5K07/210.32 mi47, Orpen Road, Southampton SO19 0EL3
£210K04/210.33 mi13, Siddal Close, Southampton SO19 0ET3
£250K05/210.34 mi32, Barry Road, Southampton SO19 5LU3
£172.5K03/230.35 mi11, Quilter Close, Southampton SO19 0DW3
£190K05/210.35 mi538, Butts Road, Southampton SO19 1DJ3

Local Rents

13 rents from £1.3K/mo to £1.6K/mo, average is £1.4K/mo.

RentDateDistanceAddressBeds 
£1,40009/240.12 miKathleen Road, SOUTHAMPTON3
£1,35009/240.12 miKathleen Road, Sholing3
£1,30002/240.13 miLuton Road, Sholing3
£1,35002/250.25 mi-3
£1,35009/240.27 miNO DEPOSIT OPTION Sholing, Southampton3
£1,65001/250.3 mi-3
£1,65004/250.3 mi-3
£1,40009/240.41 miBursledon Road, Southampton3
£1,45009/240.45 miPangbourne Close, SOUTHAMPTON3
£1,27509/240.52 miCoates Road,Southampton,SO193
£1,50009/240.52 miAsh Close, Bitterne3
£1,45010/240.52 mi-3
£1,40009/240.6 miBay Road, Sholing3

Local Area Statistics

Population in SO19

55,875

Population in Southampton

428,247

Town centre distance

2.36 miles away

Nearest school

0.40 miles away

Nearest train station

1.01 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+3%

Sales demand

Balanced market

Capital growth (5yrs)

+18%

Property History

Listed for £225,000

February 11, 2025

Floor Plans

Description

  • Three Bedroom Family Home +
  • Popular Residential Location +
  • No Forward Chain +
  • Extended To The Rear +
  • Driveway To Front +
  • In Need Of Some Modernisation +
  • Gas Central Heating +
  • Garage To Rear +
  • Bathroom With Shower +
  • Priced To Sell +

GUIDE PRICE £225,000 TO £250,000! AVAILABLE WITH NO FORWARD CHAIN! Set in the heart of Sholing, this extended home has been under the same ownership since construction in 1966. Over the years the property has been extended and has been well cared for with a refitted boiler and block paved driveway. However, internally the property could do with some general refurbishment. We are anticipating a high level of interest on this competitively priced home so please get in contact as soon as possible. Sholing is situated in East Southampton. Effingham Gardens has easy access to bus stops on Kathleen Road and Sholing has its own train station. Set with easy access to green spaces like Sholing Valley and Itchen Valley Country Park, it's an ideal spot for families, professionals, and retirees alike. The area boasts a strong community feel, local amenities, and nearby schools, all while being just a short drive from Southampton’s vibrant city center and the coast. For those seeking a quieter lifestyle with great connectivity, Sholing is a fantastic place to call home. To the front of the property is a block paved driveway with raised beds, to the left of the drive is a shared driveway, leading down to a single garage at the rear. This is for pedestrian or motorcycle access only and has an asbestos roof. To the front of the property, steps lead to the entrance porch, a bright and airy addition that is ideal for coats and shoes, stairs lead to the first floor and a door leads through to the living accommodation. The lounge is set to the front aspect and has a feature fireplace, the kitchen is off the lounge and set with a range of eye and base level units, there is also access to the under stairs storage cupboard. An opening leads through to the dining area extension and this room enjoys garden views. To the first floor the property benefits from two double bedrooms and a single, there is also a family bathroom which has been refitted in years gone by, also housing the boiler.  To the rear there is a patio from the French doors. A retaining wall and steps lead up to an area of patio and decking, enclosed by wooden panel fencing and offering further potential with the space behind the garage. Useful Additional information: Tenure: Freehold
Vendor Position: No Forward Chain
Council Tax Band: B
Heating: Gas
Parking: Driveway To Front 

EPC Rating:  TBC Buying for investment? Due to the competitive purchase price, this property is an ideal investment. Here at Marco Harris we have a dynamic and focused lettings team that prides itself on exceptional service, maximising communication with landlords and tenants. Given the high demand for the area we anticipate the rental price of this property, once refurbished to be in the region of £1300 to £1500 per calendar month.

Disclaimer Property Details: Whilst believed to be accurate all details are set out as a general outline only for guidance and do not constitute any part of an offer or contract. Intending purchasers should not rely on them as statements or representation of fact, but must satisfy themselves by inspection or otherwise as to their accuracy. We have not carried out a detailed survey nor tested the services, appliances and specific fittings. Room sizes should not be relied upon for carpets and furnishings. The measurements given are approximate. The lease details & charges have been provided by the owner and you should have these verified by a solicitor.

Agent Details

Marco Harris, Southampton

0238 001 5078

Next Steps?

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