2 Bed Flat, Cash/Bridging Only, Southampton, SO14 3HU, £125,000

Briton Street, Southampton, SO14 3HU - 1 views - 2 months ago

Leasehold
Auction
Cash
ROI: 9%
~68 m²
+10 photos

ValuationFair Value

Sold Prices£85K - £395K
Sold Prices/m²£1.2K/m² - £3.9K/m²

 

 

Square Metres

~68.11 m²
Price/m²£1.8K/m²

Value Estimate

£126,250

 

 

End Value (After Refurb)

£194,240

Uplift in Value

+55%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£31,250

Stamp Duty & Legal Fees

£4,950

Refurb Costs

£30,563

Bridging Loan Interest

£3,281

Total Cash In

£71,794

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Estimated Sale Price

£194,240

Agent Fees (1%)

£1,942

Bridging Loan

£93,750

Bridging Loan Interest

£3,281

Flip Profit

£26,754

Local Sold Prices

45 sold prices from £85K to £395K, average is £197.5K. £1.2K/m² to £3.9K/m², average is £3.1K/m².

PriceDateDistanceAddressBeds 
£315K11/210.02 miFlat 147, Oceana Boulevard, Orchard Place, Southampton SO14 3HW2
£228K03/210.11 miFlat 20, The Albany, Gloucester Square, Southampton SO14 2GH2
£250K03/230.11 mi16a, Oxford Street, Southampton SO14 3DJ2
£255K05/210.13 miFlat 51, The Greenwich, Gloucester Square, Southampton SO14 2GJ2
£130K11/210.15 miFlat 20, St James House, Orchard Lane, Southampton SO14 3DH2
£190K12/200.19 miFlat 2, Imperial Apartments, South Western House, Southampton SO14 3DW2
£270K09/210.22 miFlat 4, Mayflower Court, Bugle Street, Southampton SO14 2AP2
£142K03/210.32 mi47, White Star Place, Southampton SO14 3GN2
£137K02/210.34 mi46, White Star Place, Southampton SO14 3GN2
£298.5K05/230.39 mi37 The Moresby Tower, Admirals Quay, Ocean Way, Southampton SO14 3LF2
£395K02/230.4 mi137 The Hawkins Tower, Admirals Quay, Ocean Way, Southampton SO14 3LH2
£185K07/210.41 miFlat 6, Raleigh House, The Compass, Southampton SO14 5BP2
£270K03/230.42 miFlat 25, Cobalt Quarter, Maritime Walk, Southampton SO14 3JY2
£220K03/230.42 mi283 The Blake Building, Admirals Quay, Ocean Way, Southampton SO14 3LN2
£177K04/210.43 miFlat 34, Raleigh House, The Compass, Southampton SO14 5BP2
£205K11/200.44 miFlat 33, Columbus House, The Compass, Southampton SO14 5BQ2
£128K03/210.45 miFlat 12, Consulate House, Canute Road, Southampton SO14 3FW2
£268K06/210.49 mi14, Alcantara Crescent, Southampton SO14 3HR2
£222K06/210.49 mi37, Alcantara Crescent, Southampton SO14 3HR2
£250K11/200.49 mi19, Alcantara Crescent, Southampton SO14 3HR2
£240K07/210.49 mi20, Alcantara Crescent, Ocean Village, Southampton SO14 3HR2
£265K05/230.49 mi13, Alcantara Crescent, Ocean Village, Southampton SO14 3HR2
£100K09/230.52 mi28, James Street, Southampton SO14 1PJ2
£225K07/210.54 mi17, Asturias Way, Southampton SO14 3HT2
£110K01/210.56 mi41, Atlantic Close, Southampton SO14 3TB2
£110K01/210.56 mi41, Atlantic Close, Southampton SO14 3TB2
£280K06/210.58 mi57, Andes Close, Southampton SO14 3HS2
£152K05/210.59 miFlat 32, Kingsland House, North Front, Southampton SO14 1LJ2
£275K06/230.59 mi30, Pacific Close, Ocean Village, Southampton SO14 3TX2
£290K05/210.59 mi17, Pacific Close, Southampton SO14 3TX2
£200K04/210.6 mi98, Pacific Close, Southampton SO14 3TY2
£197.5K10/200.6 mi46, Pacific Close, Southampton SO14 3TY2
£142K11/210.61 miFlat 6, Lewis House, North Front, Southampton SO14 1LH2
£120K04/210.68 mi185, Golden Grove, Southampton SO14 1TD2
£166K11/200.83 miFlat 3, Spitfire Court, Mitchell Close, Southampton SO19 7TN2
£175K06/230.83 miFlat 26, Spitfire Court, Mitchell Close, Southampton SO19 7TN2
£117K03/210.85 miFlat 83, Wyndham Court, Commercial Road, Southampton SO15 1GT2
£119K12/200.85 miFlat 161, Wyndham Court, Commercial Road, Southampton SO15 1GU2
£95K06/210.85 miFlat 99, Wyndham Court, Commercial Road, Southampton SO15 1GT2
£85K02/230.85 miFlat 99, Wyndham Court, Commercial Road, Southampton SO15 1GT2
£173.5K03/210.87 miArdent House, 29, John Thornycroft Road, Southampton SO19 9SP2
£200K03/230.93 mi79, Victoria Road, Woolston, Southampton SO19 9DZ2
£85K02/230.93 miFlat 12, Hill House, Hill Street, Southampton SO19 7DB2
£250K03/230.98 miFlat 35, Osborne House, Grosvenor Square, Southampton SO15 2DA2
£170K01/211 mi24, Mirabella Close, Southampton SO19 9AZ2

Local Rents

48 rents from £1K/mo to £2.9K/mo, average is £1.3K/mo.

RentDateDistanceAddressBeds 
£1,60009/240 miOceana Boulevard, Briton Street2
£1,60009/240.01 miBriton Street, Southampton2
£1,25009/240.01 mi|Ref: R200209|, Oceana Boulevard, Briton Street, Southampton, SO14 3HU2
£1,29509/240.02 miOrchard Place, Oceana Boulevard Orchard Place, SO142
£1,25009/240.04 miOrchard Place, Southampton, Hampshire, SO142
£1,35009/240.05 mi15 Lower Canal Walk, Southampton2
£2,00009/240.05 miCity Court 15 Lower Canal Walk, Southampton, Hampshire2
£1,25009/240.06 miCarpathia Court, Briton Street, Southampton 2
£1,27509/240.06 miLower Canal Walk, SOUTHAMPTON2
£1,20009/240.06 miOrchard Place, Southampton, Hampshire2
£1,12512/240.06 mi-2
£1,25009/240.06 miOrchard Place, Southampton, SO142
£1,15009/240.06 miCentral, Southampton2
£1,25009/240.07 miLower Canal Walk, Southampton, Hampshire, SO142
£1,37509/240.08 mi|Ref: R171351|, Century Court, Lower Canal Walk, Southampton, SO14 3GJ2
£1,30012/240.08 mi-2
£1,10009/240.08 mi-2
£1,20002/240.09 mi-2
£1,90009/240.09 mi-2
£2,20010/240.09 mi-2
£2,00002/250.09 mi-2
£1,79909/240.09 miQueensway, Southampton, Hampshire, SO142
£1,61909/240.09 miQueensway, Southampton, Hampshire, SO142
£1,45609/240.09 miQueensway, Southampton, Hampshire, SO142
£1,60509/240.09 miQueensway, Southampton, Hampshire, SO142
£1,45609/240.09 miQueensway, Southampton, Hampshire, SO142
£1,60509/240.09 miQueensway, Southampton, Hampshire, SO142
£2,20002/240.1 mi-2
£1,20009/240.1 miMerchants Quarters, Bri, Southampton, SO142
£1,49509/240.11 miThe Albany, Gloucester Square, Southampton2
£1,25009/240.11 miTelephone House, High Street, SO142
£1,27502/240.11 mi-2
£1,40009/240.12 miHigh Street, SOUTHAMPTON2
£1,30009/240.12 miHigh Street, SOUTHAMPTON2
£1,30009/240.12 miHigh Street, SOUTHAMPTON2
£1,12509/240.12 miPlatform Road, Southampton2
£1,29502/240.12 mi-2
£1,50009/240.13 miQueens Terrace, Southampton, Hampshire, SO142
£1,20009/240.13 miPlatform Road, Southampton, SO142
£1,35009/240.13 mi|Ref: R189396|, Castle Place, High Street, Southampton, SO14 2EA2
£1,10009/240.14 miHigh Street, Southampton, SO142
£1,35009/240.14 miGloucester Square, Southampton, SO142
£1,10009/240.17 miPolymond House, Castle Way2
£1,20009/240.17 miPolymond House, Castle Way2
£1,00009/240.18 miTerminus Terrace, Southampton2
£1,00009/240.18 miTerminus Terrace, Southampton, Hampshire, SO142
£1,20009/240.18 miFrench Court, 63 Castle Way, Southampton, Hampshire2
£2,90009/240.18 mi-2

Local Area Statistics

Population in SO14

27,223

Population in Southampton

428,247

Town centre distance

1.63 miles away

Nearest school

0.20 miles away

Nearest train station

0.87 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+2%

Sales demand

Buyer's market

Capital growth (5yrs)

+7%

Property History

Listed for £125,000

February 24, 2025

Floor Plans

Description

    • CASH BUYERS ONLY * +
  • For Sale by Modern Auction +
  • T & C’s apply +
  • Subject to Reserve Price +
  • Buyers Fees Apply +
  • The Modern Method of Auction +
  • Allocated Parking +
  • Two Bedrooms +
  • No Chain +
  • Great For Investors +

Please ensure you read the legal pack before viewing this property

CASH BUYERS ONLY Auctioneer Comments This property is for sale by Modern Method of Auction allowing the buyer and seller to complete within a 56 Day Reservation Period. Interested parties’ personal data will be shared with the Auctioneer (iamsold Ltd).

A Third floor two bedroom apartment located in Southampton City Centre. The property comprises a large lounge/dining area with double doors opening onto the balcony overlooking Briton Street. The kitchen just off the lounge features a fridge/freezer, dishwasher, washing machine, oven and hob. The master bedroom has an en-suite. Bedroom two is a double bedroom with water views from both bedrooms. The property has electric heating and double glazing. The property also benefits from a resident garden, residents gym. Security entry phone, lift to all floors and an allocated parking space which is under croft and accessed via remote control gate.

Oceana Boulevard is ideally situated for access to Southampton City Centre with its range of shopping facilities including West Quay shopping centre. The property is just a short walk from Oxford Street which comprised of many restaurants and bars. Southampton also boasts a mainline railway station providing access to London Waterloo whilst the M3 can be accessed via The Avenue and the M27 via Thomas Lewis Way.

Tenure Type: Leasehold
Leasehold Years remaining on lease: 135 Years Remaining Approx. (155 years from 1st July 2005)
Leasehold Annual Service Charge Amount £2103.21 Twice Yearly Approx.
Leasehold Ground Rent Amount £250 Per Annum Approx.
Council Tax Banding: C

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.

Agent Details

Hunters, Southampton

0238 144 9984

Next Steps?

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