2 Bed Flat, Single Let, Eastleigh, SO50 7DH, £180,000

Burnetts Fields, Horton Heath, Eastleigh, SO50 7DH - 2 months ago

Leasehold
BTL
ROI: 7%
~55 m²
+2 photos

ValuationOvervalued

Sold Prices£123K - £230K
Sold Prices/m²£2.6K/m² - £3.7K/m²

 

 

Square Metres

~55.30 m²
Price/m²£3.3K/m²

Value Estimate

£157,732

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£45,000

Stamp Duty & Legal Fees

£11,300

Total Cash In

£56,300

 

 

Cash Out

 

Rent Range

£500 - £1,350

Rent Estimate

£1,113

Running Costs/mo

£805

Cashflow/mo

£308

Cashflow/yr

£3,695

ROI

7%

Gross Yield

7%

Local Sold Prices

23 sold prices from £123K to £230K, average is £185K. £2.6K/m² to £3.7K/m², average is £2.9K/m².

PriceDateDistanceAddressBeds 
£200K06/210.69 miFlat 8, Anfield Court, Anfield Close, Fair Oak, Eastleigh, Hampshire SO50 7LF2
£123K06/210.88 miFlat 30, Oakdene Gardens, Fair Oak Road, Fair Oak, Eastleigh, Hampshire SO50 7AL2
£131K03/230.88 miFlat 24, Oakdene Gardens, Fair Oak Road, Fair Oak, Eastleigh, Hampshire SO50 7AL2
£143K12/220.88 miFlat 12a, Oakdene Gardens, Fair Oak Road, Fair Oak, Eastleigh, Hampshire SO50 7AL2
£198.5K02/230.9 miFlat 39, Mill Court, Mortimers Lane, Fair Oak, Eastleigh, Hampshire SO50 7PG2
£225K09/230.9 miFlat 12, Mill Court, Mortimers Lane, Fair Oak, Eastleigh, Hampshire SO50 7PG2
£189K02/231.2 mi19, Elkins Square, Bishopstoke, Eastleigh, Hampshire SO50 8HF2
£172.5K09/211.2 mi32, Elkins Square, Eastleigh, Hampshire SO50 8HF2
£210K07/231.2 mi20, Elkins Square, Bishopstoke, Eastleigh, Hampshire SO50 8HF2
£230K02/231.21 mi34, Brackley Avenue, Fair Oak, Eastleigh, Hampshire SO50 8FL2
£206K01/211.23 mi64, Brunswick Road, Fair Oak, Eastleigh, Hampshire SO50 8FE2
£196K08/211.24 mi18, Ormond Close, Fair Oak, Eastleigh, Hampshire SO50 8FG2
£196K08/211.24 mi18, Ormond Close, Fair Oak, Eastleigh, Hampshire SO50 8FG2
£185K02/211.24 mi29, Ormond Close, Fair Oak, Eastleigh, Hampshire SO50 8FG2
£160K07/231.42 mi40, Bracken Crescent, Bishopstoke, Eastleigh, Hampshire SO50 8ND2
£125K06/231.42 mi14, Bracken Crescent, Bishopstoke, Eastleigh, Hampshire SO50 8ND2
£162.5K02/211.47 mi43, Fox Close, Bishopstoke, Eastleigh, Hampshire SO50 8NB2
£196K08/211.64 mi6, Whites Way, Hedge End, Southampton, Hampshire SO30 2JY2
£175K02/211.64 mi146, Whites Way, Hedge End, Southampton, Hampshire SO30 2JY2
£196K11/201.68 miApartment, 28, Barfoot Road, Hedge End, Southampton, Hampshire SO30 2LL2
£175K02/211.71 mi47, Camborne Close, Bishopstoke, Eastleigh, Hampshire SO50 6HA2
£168K04/211.74 mi56, Mescott Meadows, Hedge End, Southampton, Hampshire SO30 2JU2
£170K02/211.74 mi48, Mescott Meadows, Hedge End, Southampton, Hampshire SO30 2JU2

Local Rents

10 rents from £500/mo to £1.4K/mo, average is £1.2K/mo.

RentDateDistanceAddressBeds 
£50009/241.04 mi-2
£1,10006/231.08 mi-2
£1,30012/241.11 miKingsmill Drive, Fair Oak, SO502
£1,20009/241.12 miNew Road, Fair Oak, Eastleigh, SO502
£1,20002/241.12 mi-2
£1,25009/241.14 miArthurs Gardens, Hedge End, SO30 2
£1,30004/251.16 mi-2
£1,35009/241.2 miHedge End2
£1,20009/241.23 mi***6-month let*** Brunswick Road, Fair Oak2
£1,25009/241.24 miOrmond Close, Fair Oak, EASTLEIGH2

Local Area Statistics

Population in SO50

46,318

Population in Eastleigh

78,741

Town centre distance

2.74 miles away

Nearest school

0.60 miles away

Nearest train station

1.29 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+1%

Sales demand

Balanced market

Capital growth (5yrs)

+12%

Property History

Listed for £180,000

February 17, 2025

Floor Plans

Description

  • First Floor Apartment +
  • Two Bedrooms +
  • Lounge with Juliet Balcony +
  • Allocated Parking +
  • Outside Store +
  • Sought After Location +
  • NO ONWARD CHAIN +

Located in the desirable village of Horton Heath, this spacious first floor apartment is offered for sale with no onward chain and would make an ideal first home or investment.
The accommodation briefly comprises the entrance hall, with two generous storage cupboards, a well-appointed family bathroom and two good size bedrooms, both of which benefit from built in wardrobe storage. There is a modern fitted kitchen with a range of base and wall units, with space and plumbing for a washing machine. The sitting room is of a generous size with a Juliet balcony.
Outside, the property benefits from allocated parking and an allocated outside store.
Close to local amenities and excellent transport links, this apartment should be viewed without delay. Call Leaders today.
Successful buyers will be required to complete online identity checks provided by Lifetime Legal. The cost of these checks is £80 inc. VAT per purchase which is paid in advance, directly to Lifetime Legal. This charge verifies your identity in line with our obligations as agreed with HMRC and includes mover protection insurance to protect against the cost of an abortive purchase.
These particulars are believed to be correct and have been verified by or on behalf of the Vendor. However, any interested party will satisfy themselves as to their accuracy and as to any other matter regarding the Property or its location or proximity to other features or facilities which is of specific importance to them. Distances and areas are only approximate and unless otherwise stated fixtures contents and fittings are not included in the sale. Prospective purchasers are always advised to commission a full inspection and structural survey of the Property before deciding to proceed with a purchase.

Agent Details

Leaders Sales, Hedge End

01489 359976

Next Steps?

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