2 Bed Flat, Cash/Bridging Only, Southampton, SO19 9UD, £182,500

Centenary Quay, Southampton, Hampshire, SO19 9UD - 3 views - a month ago

Leasehold
Cash
ROI: 10%
~68 m²
+8 photos

ValuationUndervalued

Sold Prices£85K - £395K
Sold Prices/m²£1.2K/m² - £4.1K/m²

 

 

Square Metres

~68.11 m²
Price/m²£2.7K/m²

Value Estimate

£187,975
BMV3%

 

 

End Value (After Refurb)

£190,828

Uplift in Value

+5%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£45,625

Stamp Duty & Legal Fees

£10,325

Refurb Costs

£30,760

Bridging Loan Interest

£4,791

Total Cash In

£93,250

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£190,828

Mortgage (After Refinance)

£143,121

Mortgage LTV

75%

Cash Released

£6,246

Cash Left In

£87,004

Equity

£47,707

Rent Range

£895 - £3,500

Rent Estimate

£1,760

Running Costs/mo

£968

Cashflow/mo

£792

Cashflow/yr

£9,500

ROI

10%

Gross Yield

12%

Local Sold Prices

50 sold prices from £85K to £395K, average is £187.5K. £1.2K/m² to £4.1K/m², average is £3.2K/m².

PriceDateDistanceAddressBeds 
£173.5K03/210.07 miArdent House, 29, John Thornycroft Road, Southampton SO19 9SP2
£170K01/210.15 mi24, Mirabella Close, Southampton SO19 9AZ2
£175K07/230.16 mi26, Mirabella Close, Woolston, Southampton SO19 9AZ2
£170.5K10/210.16 mi15, Mirabella Close, Southampton SO19 9AZ2
£166K11/200.23 miFlat 3, Spitfire Court, Mitchell Close, Southampton SO19 7TN2
£175K06/230.23 miFlat 26, Spitfire Court, Mitchell Close, Southampton SO19 7TN2
£200K03/230.26 mi79, Victoria Road, Woolston, Southampton SO19 9DZ2
£181.5K04/230.29 mi36, Swift Road, Woolston, Southampton SO19 9FN2
£150K11/200.29 mi36, Swift Road, Southampton SO19 9FN2
£155K03/210.29 mi34a, Weston Grove Road, Southampton SO19 9EP2
£280K06/210.3 mi57, Andes Close, Southampton SO14 3HS2
£275K06/230.3 mi30, Pacific Close, Ocean Village, Southampton SO14 3TX2
£290K05/210.3 mi17, Pacific Close, Southampton SO14 3TX2
£200K04/210.33 mi98, Pacific Close, Southampton SO14 3TY2
£197.5K10/200.33 mi46, Pacific Close, Southampton SO14 3TY2
£225K07/210.35 mi17, Asturias Way, Southampton SO14 3HT2
£110K01/210.37 mi41, Atlantic Close, Southampton SO14 3TB2
£110K01/210.37 mi41, Atlantic Close, Southampton SO14 3TB2
£175K07/210.37 mi7, Dundonald Close, Southampton SO19 9TA2
£150K11/200.38 miFlat 3, Tower House, Swift Road, Woolston, Southampton SO19 9PH2
£268K06/210.38 mi14, Alcantara Crescent, Southampton SO14 3HR2
£222K06/210.38 mi37, Alcantara Crescent, Southampton SO14 3HR2
£250K11/200.38 mi19, Alcantara Crescent, Southampton SO14 3HR2
£240K07/210.38 mi20, Alcantara Crescent, Ocean Village, Southampton SO14 3HR2
£265K05/230.38 mi13, Alcantara Crescent, Ocean Village, Southampton SO14 3HR2
£155K11/200.4 mi7, Unwin Close, Southampton SO19 9TF2
£85K02/230.41 miFlat 12, Hill House, Hill Street, Southampton SO19 7DB2
£220K03/230.43 mi283 The Blake Building, Admirals Quay, Ocean Way, Southampton SO14 3LN2
£128K03/210.44 miFlat 12, Consulate House, Canute Road, Southampton SO14 3FW2
£395K02/230.45 mi137 The Hawkins Tower, Admirals Quay, Ocean Way, Southampton SO14 3LH2
£144K11/200.46 mi68, Tankerville Road, Southampton SO19 7GN2
£298.5K05/230.46 mi37 The Moresby Tower, Admirals Quay, Ocean Way, Southampton SO14 3LF2
£208K01/230.47 mi41, Waldegrave Close, Southampton SO19 9RY2
£270K03/230.49 miFlat 25, Cobalt Quarter, Maritime Walk, Southampton SO14 3JY2
£180K07/210.51 mi31, Hulton Close, Southampton SO19 9TX2
£190K12/200.66 miFlat 2, Imperial Apartments, South Western House, Southampton SO14 3DW2
£277.5K12/200.66 mi6, Temple Road, Southampton SO19 9FE2
£185K07/210.68 miFlat 6, Raleigh House, The Compass, Southampton SO14 5BP2
£142K03/210.69 mi47, White Star Place, Southampton SO14 3GN2
£137K02/210.69 mi46, White Star Place, Southampton SO14 3GN2
£205K11/200.7 miFlat 33, Columbus House, The Compass, Southampton SO14 5BQ2
£177K04/210.7 miFlat 34, Raleigh House, The Compass, Southampton SO14 5BP2
£250K03/230.77 mi16a, Oxford Street, Southampton SO14 3DJ2
£248K09/210.78 mi13, Lawrence Grove, Southampton SO19 9EZ2
£165K07/230.78 miFlat 8, Lawrence Court, Lawrence Grove, Southampton SO19 9QD2
£130K11/210.83 miFlat 20, St James House, Orchard Lane, Southampton SO14 3DH2
£205K03/230.84 miFlat 3, Ash Court, Spring Road, Southampton SO19 2QX2
£315K11/210.85 miFlat 147, Oceana Boulevard, Orchard Place, Southampton SO14 3HW2
£100K09/230.87 mi28, James Street, Southampton SO14 1PJ2
£228K03/210.92 miFlat 20, The Albany, Gloucester Square, Southampton SO14 2GH2

Local Rents

46 rents from £895/mo to £3.5K/mo, average is £1.7K/mo.

RentDateDistanceAddressBeds 
£1,88409/240.02 miVantage Tower, Centenary Plaza, Southampton SO192
£2,06209/240.02 miCentenary Plaza, Southampton SO192
£1,77909/240.02 miCenetary Plaza Southampton SO192
£2,53409/240.02 miCentenary Plaza Southampton SO192
£2,31909/240.02 miCentenary Plaza Southampton SO192
£2,83209/240.02 miVantage Tower, Centetary Plaza Southampton SO192
£2,18809/240.02 miVantage Tower, Centenary Plaza Southampton SO192
£1,95909/240.02 miCentenary Plaza Southampton SO192
£1,77909/240.02 mi|Ref: R203972|, Vantage Tower, Centenary Plaza, Southampton, SO19 9XH2
£1,80409/240.02 mi|Ref: R203973|, Vantage Tower, Centenary Plaza, Southampton, SO19 9XH2
£2,89909/240.02 mi|Ref: R203970|, Vantage Tower, Centenary Plaza, Southampton, SO19 9XH2
£2,14409/240.02 mi|Ref: R203971|, Vantage Tower, Centenary Plaza, Southampton, SO19 9XH2
£1,15009/240.03 mi-2
£1,20009/240.03 miJohn Thornycroft Road, Southampton, SO192
£1,35009/240.04 miLedbury House, Centenary Quay2
£3,50004/250.04 mi-2
£1,28501/250.04 mi-2
£1,28502/250.04 mi-2
£1,35509/240.05 mi-2
£1,38510/240.05 mi-2
£1,48503/250.05 mi-2
£1,29504/250.05 mi-2
£1,34502/240.05 mi-2
£1,31508/240.05 mi-2
£1,54511/240.05 mi-2
£1,54511/240.05 mi-2
£1,67009/240.05 miVantage Tower, Centenary Plaza2
£1,79909/240.05 miVantage Tower, Centenary Plaza2
£2,14409/240.07 miCentenary Plaza, Southampton, Hampshire, SO192
£1,74909/240.07 miCentenary Plaza, Southampton, Hampshire, SO192
£2,68909/240.07 miCentenary Plaza, Southampton, Hampshire, SO192
£2,39809/240.07 miCentenary Plaza, Southampton, Hampshire, SO192
£1,40009/240.07 miJohn Thorneycroft Road, Southampton SO192
£1,77909/240.08 miCentenary Plaza, Southampton2
£1,50009/240.08 miCentenary Quay Southampton2
£1,20009/240.08 miAnson Place, John Thornycroft Road, SO192
£2,41609/240.12 miCentenary Plaza, Southampton2
£1,71409/240.12 miCentenary Plaza, Southampton2
£1,80409/240.13 miPrestigious Apartment2
£89509/240.18 miVictoria Road, Southampton2
£1,07509/240.19 miGlen Road, Woolston2
£1,20009/240.24 miFleming Court, Weston Grove Road2
£95009/240.25 miPortsmouth Road, Southampton2
£99509/240.25 miOakbank Road, Woolston, Southampton2
£1,45009/240.28 miSwift Road, SOUTHAMPTON2
£1,79501/250.3 mi-2

Local Area Statistics

Population in SO19

55,875

Population in Southampton

428,247

Town centre distance

1.84 miles away

Nearest school

0.30 miles away

Nearest train station

0.36 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+3%

Sales demand

Balanced market

Capital growth (5yrs)

+18%

Property History

Listed for £182,500

March 3, 2025

Description

  • CASH BUYERS ONLY +
  • NO FORWARD CHAIN +
  • TENANTS IN SITU +
  • ENSUITE & FAMILY BATHROOMS +
  • BALCONY WITH RIVER VIEWS +
  • Kitchen-Diner +
  • Open Plan Lounge +
  • Balcony +

Calling all savvy investors!

Step inside to discover a spacious open plan living/dining/kitchen area, perfect for entertaining guests or relaxing after a long day. The master bedroom comes complete with an ensuite bathroom, while a family bathroom adds convenience for guests or family members. Enjoy relaxing river views from your very own balcony, offering a peaceful retreat from the hustle and bustle of city life.

Situated in the heart of Centenary Quay, you'll have access to a vibrant mix of bars, restaurants, and leisure facilities right on your doorstep. Plus, enjoy leisurely strolls along Weston Shore and Southampton Waters, leading all the way to The Royal Victoria Country Park.

With Woolston shopping precinct nearby offering a range of amenities, including a recently built Lidl supermarket, you'll have everything you need within reach. And for those who need to commute, easy access to Southampton City Centre via bus routes or a short 15-minute drive by car.

With a size of 71sqm, this well-presented apartment with two double bedrooms and modern bathrooms is the perfect investment opportunity. Don't miss out on this prime location - schedule a viewing today!

Parking Availability: Yes.

Agent Details

Lets Sell Southampton, Woolston

0238 001 7104

Next Steps?

This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪