2 Bed Flat, Single Let, Eastleigh, SO53 5RW, £180,000

Sycamore Avenue, Chandler's Ford, Eastleigh, Hampshire, SO53 5RW - 2 views - 2 months ago

Leasehold
BTL
ROI: 6%
~68 m²
+6 photos

ValuationUndervalued

Sold Prices£143K - £347K
Sold Prices/m²£2.7K/m² - £3.5K/m²

 

 

Square Metres

~68.11 m²
Price/m²£2.6K/m²

Value Estimate

£216,946
BMV21%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£45,000

Stamp Duty & Legal Fees

£10,200

Total Cash In

£55,200

 

 

Cash Out

 

Rent Range

£950 - £1,500

Rent Estimate

£1,088

Running Costs/mo

£800

Cashflow/mo

£288

Cashflow/yr

£3,455

ROI

6%

Gross Yield

7%

Local Sold Prices

25 sold prices from £143K to £347K, average is £200K. £2.7K/m² to £3.5K/m², average is £3.2K/m².

PriceDateDistanceAddressBeds 
£173K08/230.02 miFlat 3f, Stewart House, Sycamore Avenue, Chandler's Ford, Eastleigh, Hampshire SO53 5RW2
£168.5K03/210.02 miFlat 1f, Stewart House, Sycamore Avenue, Chandler's Ford, Eastleigh, Hampshire SO53 5RW2
£210K10/220.06 mi113, Sycamore Avenue, Chandler's Ford, Eastleigh, Hampshire SO53 5RG2
£190K08/210.07 mi9, Ashdown Road, Chandler's Ford, Eastleigh, Hampshire SO53 5RB2
£218K12/220.08 mi151, Hiltingbury Road, Chandler's Ford, Eastleigh, Hampshire SO53 5NP2
£143K01/210.11 mi149, Hiltingbury Road, Chandler's Ford, Eastleigh, Hampshire SO53 5NP2
£210K08/220.11 mi5, Charnwood Close, Chandler's Ford, Eastleigh, Hampshire SO53 5QP2
£200K06/210.13 mi11, Charnwood Crescent, Chandler's Ford, Eastleigh, Hampshire SO53 5QN2
£179K10/220.15 mi52, Charnwood Crescent, Chandler's Ford, Eastleigh, Hampshire SO53 5QL2
£275K12/220.18 mi40, Ashdown Close, Chandler's Ford, Eastleigh, Hampshire SO53 5QF2
£215K06/210.18 mi230, Hiltingbury Road, Chandler's Ford, Eastleigh, Hampshire SO53 5NN2
£197K02/210.18 mi210, Hiltingbury Road, Chandler's Ford, Eastleigh, Hampshire SO53 5NN2
£205K04/230.18 mi208, Hiltingbury Road, Chandler's Ford, Eastleigh, Hampshire SO53 5NN2
£220K04/210.27 mi8, Tithewood Close, Chandler's Ford, Eastleigh, Hampshire SO53 5PY2
£180K07/230.43 miFlat 2, Oakwood Court, Oakwood Close, Chandler's Ford, Eastleigh, Hampshire SO53 5NX2
£235K09/230.7 mi10, Neilson Close, Chandler's Ford, Eastleigh, Hampshire SO53 1GR2
£230K04/230.71 mi46, Wellbrooke Gardens, Chandler's Ford, Eastleigh, Hampshire SO53 1TN2
£251K02/230.72 mi32, Wellbrooke Gardens, Chandler's Ford, Eastleigh, Hampshire SO53 1TN2
£347K06/210.81 miMerrilease House, 10, Parklands Close, Chandler's Ford, Eastleigh, Hampshire SO53 2EQ2
£155.5K11/200.84 miFlat 8, Freshwater Court, Kingsway, Chandler's Ford, Eastleigh, Hampshire SO53 5DY2
£200K05/210.84 miFlat 3, Parkway Court, Parkway Gardens, Chandler's Ford, Eastleigh, Hampshire SO53 2DZ2
£240K09/220.84 miFlat 2, Parkway Court, Parkway Gardens, Chandler's Ford, Eastleigh, Hampshire SO53 2DZ2
£172K03/210.92 mi10, Kingsway Court, Chandler's Ford, Eastleigh, Hampshire SO53 1FG2
£180K01/230.92 mi4, Kingsway Court, Chandler's Ford, Eastleigh, Hampshire SO53 1FG2
£195K06/211 mi19, Prospect Place, Chandler's Ford, Eastleigh, Hampshire SO53 2PP2

Local Rents

20 rents from £950/mo to £1.5K/mo, average is £1.2K/mo.

RentDateDistanceAddressBeds 
£1,00009/240.02 miChandler's Ford2
£1,25004/250.06 mi-2
£1,25004/250.06 mi-2
£1,20009/240.06 mi-2
£1,15012/240.06 mi-2
£1,15010/230.06 mi-2
£1,15011/240.13 mi-2
£1,15003/250.13 mi-2
£1,15009/240.16 miCharnwood Crescent, Chandler's Ford, Eastleigh, SO532
£1,20011/240.16 mi-2
£95002/240.18 mi-2
£1,25003/250.18 mi-2
£1,25004/250.18 mi-2
£1,15009/240.23 miHursley Road, Chandler'S Ford, Eastleigh, SO532
£1,15009/240.31 miChandler's Ford, Eastleigh2
£1,10009/240.31 miHiltingbury2
£1,20009/240.43 miAshdown House, Hiltingbury, Chandlers Ford2
£1,20011/230.59 mi-2
£1,20011/230.59 mi-2
£1,50009/240.6 miValley Road2

Local Area Statistics

Population in SO53

32,409

Population in Eastleigh

78,741

Town centre distance

2.40 miles away

Nearest school

0.20 miles away

Nearest train station

1.16 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+19%

Sales demand

Seller's market

Capital growth (5yrs)

+20%

Property History

Listed for £180,000

February 26, 2025

Floor Plans

Description

  • Two bedroom first-floor apartment +
  • Sought after location +
  • Bright and spacious living room +
  • Generous sized bedrooms +
  • Spacious layout with great potential +

Situated in a well-maintained development, this two bedroom first-floor apartment offers generous living space, abundant natural light, and excellent potential for first-time buyers, investors, or those looking to put their own stamp on a property.

The apartment features a bright and spacious living room, benefiting from large windows that create an airy and inviting atmosphere.

The separate kitchen is well-proportioned, offering ample storage and worktop space, with scope for modernization. Each of the bedrooms is generously sized, providing flexibility for a growing family, home office, or guest room. The family bathroom is fitted with a three-piece suite.

The location is ideal, with excellent transport links, local amenities, and schools nearby, making this a highly convenient and desirable place to live. With its spacious layout and great potential, this apartment presents a fantastic opportunity for buyers looking to add value and create a stylish modern home.

TENURE
Leasehold
Unexpired Years: 945
Annual Ground Rent: £20
Ground Rent Increase: TBC
Ground Rent Review Period: TBC
Annual Service: £ 1312.92
These details are to be confirmed by the vendor's solicitor and must be verified by a buyer's solicitor.

ADDITIONAL INFORMATION

Materials used in construction: ASK AGENT

Historic damp from condensation, now been rectified. Ask agent for details

For further information on broadband and mobile coverage, please refer to the Ofcom Checker online

Chandler’s Ford is a popular Hampshire town with a variety of shops, restaurants, traditional inns and with Chilworth golf course also within easy reach. Schooling is typically outstanding. Coast and country lifestyle pursuits are all within striking distance as the city is well placed for the South Downs National Park and The New Forest.
It is approximately a 15 minute drive to Winchester and a 17 minute drive to Southampton, both cities have an extensive range of facilities. Communications are excellent with the M3 and M27 nearby and the railway station has links to Winchester and Southampton; London Waterloo is 57 minutes from Winchester and 65 minutes from Southampton Parkway.

Agent Details

Charters, Chandlers Ford

0238 001 5856

Next Steps?

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