2 Bed Terraced House, Refurb/BRRR, Southampton, SO17 2HW, £230,000

212 Adelaide Road, Southampton - 3 views - 2 months ago

Refurb/BRRR
ROI: 1%
91 m²
+10 photos

ValuationUndervalued

Sold Prices£118K - £342.7K
Sold Prices/m²£1.8K/m² - £4.6K/m²

 

 

Square Metres

91 m²
Price/m²£2.5K/m²

Value Estimate

£240,000

 

 

End Value (After Refurb)

£270,696

Uplift in Value

+13%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£57,500

Stamp Duty & Legal Fees

£8,400

Refurb Costs

£41,097

Bridging Loan Interest

£6,038

Total Cash In

£114,784

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£270,696

Mortgage (After Refinance)

£203,022

Mortgage LTV

75%

Cash Released

£30,522

Cash Left In

£84,262

Equity

£67,674

Rent Range

£925 - £1,500

Rent Estimate

£1,231

Running Costs/mo

£1,112

Cashflow/mo

£119

Cashflow/yr

£1,426

ROI

1%

Gross Yield

6%

Local Sold Prices

50 sold prices from £118K to £342.7K, average is £231K. £1.8K/m² to £4.6K/m², average is £3.1K/m².

PriceDateDistanceAddressBeds 
£185K07/210.03 mi1, Adelaide Road, Southampton SO17 2HU2
£212K07/230.03 mi76a, Adelaide Road, Southampton SO17 2HW2
£220K04/230.03 mi8, Adelaide Road, Southampton SO17 2HW2
£278.3K04/230.08 mi59, Ivy Road, St Denys, Southampton SO17 2JP2
£220K11/200.08 mi63a, Ivy Road, St Denys, Southampton SO17 2JP2
£270K02/230.08 mi61, Ivy Road, St Denys, Southampton SO17 2JP2
£230K12/200.08 mi17, Ivy Road, Southampton SO17 2JP2
£275K09/220.11 mi67, Priory Road, St Denys, Southampton SO17 2JQ2
£342.7K03/230.11 mi118, Priory Road, St Denys, Southampton SO17 2HS2
£238K09/220.12 mi74, Ivy Road, St Denys, Southampton SO17 2JN2
£211K04/210.15 mi12, South Road, Southampton SO17 2JL2
£287K12/220.16 mi73, Ivy Road, St Denys, Southampton SO17 2JB2
£250K02/230.17 mi79, Ivy Road, St Denys, Southampton SO17 2JB2
£228K06/210.2 mi140, Adelaide Road, Southampton SO17 2HX2
£245K09/210.2 mi144, Adelaide Road, Southampton SO17 2HX2
£263K05/220.21 mi42, Eastfield Road, Southampton SO17 2JG2
£179K10/200.22 mi25, Dundee Road, Southampton SO17 2ND2
£238K06/210.23 mi19, North Road, Southampton SO17 2LZ2
£290K03/230.29 mi9, Stanley Road, Southampton SO17 2LW2
£204K05/210.3 mi7, St Augustine Gardens, Southampton SO17 2XA2
£232K10/220.31 mi163, Priory Road, St Denys, Southampton SO17 2JX2
£183K04/210.36 mi109, Portswood Road, Southampton SO17 2FU2
£225K11/200.37 mi126, Osborne Road North, Southampton SO17 2FF2
£280K11/220.37 mi126, Osborne Road North, Southampton SO17 2FF2
£223K06/210.39 mi229b, Priory Road, Southampton SO17 2LR2
£296K03/230.39 mi229, Priory Road, St Denys, Southampton SO17 2LR2
£245K03/210.4 mi144a, Avenue Road, Southampton SO14 6UA2
£200.5K08/210.4 mi132a, Avenue Road, Southampton SO14 6UA2
£200K12/200.41 mi18, Kent Road, Southampton SO17 2LH2
£210K02/210.41 mi45, Kent Road, Southampton SO17 2LJ2
£243K10/210.41 mi55, Kent Road, Southampton SO17 2LJ2
£243K10/210.42 mi55, Kent Road, Southampton SO17 2LJ2
£250K07/210.44 mi27, Spear Road, Portswood, Southampton SO14 6UG2
£260K06/210.44 mi24, Chafen Road, Southampton SO18 1BB2
£235K11/220.44 mi17, Clausentum Road, Southampton SO14 6RX2
£205K01/210.45 mi116, Avenue Road, Southampton SO14 6BB2
£223K01/210.47 mi152, Earls Road, Southampton SO14 6TL2
£220K08/210.49 mi8, Ancasta Road, Southampton SO14 6SB2
£210K12/200.49 mi2, Ancasta Road, Southampton SO14 6SB2
£265K05/230.49 mi4, Ancasta Road, Southampton SO14 6SB2
£199.2K08/210.5 mi105, Earls Road, Southampton SO14 6SG2
£206K02/230.5 mi71, Earls Road, Southampton SO14 6SG2
£255K12/220.51 mi61, Lodge Road, Southampton SO14 6RH2
£230K06/210.54 mi2, Harcourt Road, Southampton SO18 1GP2
£235K10/200.54 mi28, Cedar Road, Southampton SO14 6HL2
£225K03/210.54 mi20, Cedar Road, Southampton SO14 6HL2
£235K11/220.54 mi28, Peterborough Road, Southampton SO14 6HX2
£210K07/210.54 mi32, Peterborough Road, Southampton SO14 6HX2
£265K12/200.55 mi22, Harcourt Road, Southampton SO18 1GP2
£118K02/230.56 mi11, Mount Pleasant Road, Southampton SO14 0EF2

Local Rents

50 rents from £925/mo to £1.5K/mo, average is £1.3K/mo.

RentDateDistanceAddressBeds 
£1,25009/240.08 miIvy Road, SOUTHAMPTON2
£1,05011/240.12 mi-2
£1,20009/240.13 miBelmont Road, Southampton2
£1,10009/240.13 miBelmont Road, Portswood2
£1,25009/240.15 miSouth Road, Southampton2
£1,10009/240.16 mi|Ref: R153069|, Belmont Road, Southampton, SO17 2GD2
£1,50002/240.18 mi-2
£1,05009/240.2 miNorth Road, St Denys2
£1,35009/240.23 miWestridge Road, Southampton2
£95009/240.23 miLawn Court, Portswood2
£1,20009/240.23 miLawn Court, Portswood2
£1,30009/240.23 miLawn Road, Southampton2
£1,20012/240.24 mi-2
£1,25002/240.25 miWestridge Road, Southampton, Hampshire, SO172
£95009/240.25 miLawn Road, Portswood2
£92509/240.26 miSt. Denys Road, Southampton, Hampshire, SO172
£1,35009/240.27 miStanley Road, Southampton2
£1,20009/240.27 miCenturion House Hawkeswood Road,Centurion House,44 Hawkeswood Road,Southampton2
£1,10011/240.28 mi-2
£1,35002/250.28 mi-2
£1,25003/250.28 mi-2
£1,25009/240.28 miVespasian Road,Bitterne Manor, Southampton2
£1,10009/240.3 miVespasian Court, Vespasian Road, Southampton, SO182
£1,10009/240.3 miWestridge Road, Southampton, Hampshire, SO172
£1,25009/240.3 miWestridge Road, Southampton, Hampshire, SO172
£1,15009/240.3 miVespasian Court, 52 Vespasian Road, Southampton2
£1,05009/240.31 miTennyson Road, Southampton2
£1,15010/240.31 mi-2
£1,25011/240.31 mi-2
£1,30009/240.31 miPortswood Road, Southampton2
£1,30009/240.31 miPortswood Road, Southampton2
£1,30009/240.31 miPortswood Road, Southampton2
£1,30009/240.31 miPortswood Road, Southampton2
£1,30009/240.31 miPortswood Road, Southampton2
£1,30009/240.31 miPortswood Road, Southampton2
£1,27509/240.31 miPortswood Road, Southampton2
£1,28509/240.31 miPortswood Road, Southampton2
£1,30009/240.31 miPortswood Road, Southampton2
£1,32009/240.31 miPortswood Road, Southampton2
£1,30009/240.31 miPortswood Road, Southampton2
£1,29509/240.31 miPortswood Road, Southampton2
£1,30009/240.31 miPortswood Road, Southampton2
£1,30009/240.31 miPortswood Road, Southampton2
£1,30009/240.31 miPortswood Road, Southampton2
£1,30009/240.31 miPortswood Road, Southampton2
£1,30009/240.31 miPortswood Road, Southampton2
£1,33509/240.31 miPortswood Road, Southampton2
£1,33509/240.31 miPortswood Road, Southampton2
£1,25009/240.31 miPortswood Road, Southampton2
£1,37509/240.31 miPortswood Road, Southampton, SO172

Local Area Statistics

Population in SO17

19,429

Population in Southampton

428,247

Town centre distance

0.24 miles away

Nearest school

0.30 miles away

Nearest train station

0.03 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-22%

Sales demand

Balanced market

Capital growth (5yrs)

+6%

Property History

Price changed to £230,000

March 4, 2025

Listed for £240,000

February 17, 2025

Floor Plans

Description

  • In Need of Modernisation +
  • End-Terrace +
  • Separate Dining Room +
  • Downstairs Bathroom +
  • Two / Three Bedrooms +
  • Driveway Parking +
  • Offered with No Chain +
  • Great For Investors or First Time Buyers +

Nestled in the highly desirable St Denys area along the picturesque River Itchen, this unique two/three-bedroom end-terrace home on Adelaide Road presents an exciting opportunity potential for both first time buyers or, investors and is being offered with no forward chain.

Step inside to discover a spacious lounge, where 2.75m high ceilings create a bright and airy atmosphere. The adjoining reception room offers a versatile living space, complete with open tread stairs leading to the upper floor. The kitchen, positioned at the rear, provides a fantastic canvas for a stylish renovation, while the generously sized family bathroom holds great potential to be transformed into a luxurious retreat. The rear garden is accessible via a door between the kitchen and bathroom, offering an outdoor space to enjoy. Upstairs, the front-facing double bedroom is well-proportioned, while the rear bedroom has the potential to be reconfigured into two separate rooms, maximizing the home’s versatility.

Located in a sought-after area, this property benefits from excellent transport links, with St Denys train station just a short stroll away, providing easy access to Southampton city centre, Winchester, and beyond. The vibrant local community boasts an array of independent shops, cafes, and pubs, while Riverside Park and the River Itchen offer beautiful spots for leisure and outdoor activities. Additionally, the property falls within the catchment area of Bitterne Park School, just 1.5 miles away.

In line with Money Laundering Regulations, successful buyers will be required to complete digital identity checks provided by Coadjute’s Assured Compliance service. The cost of these checks is £48 inc. VAT per purchaser, which is paid in advance directly to Coadjute’s Assured Compliance service. This charge verifies your identity and source of funds in line with our obligations to HMRC.

Material Information - Southampton - Tenure Type; Freehold
Council Tax Banding; B

Agent Details

Hunters, Southampton

0238 144 9984

Next Steps?

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