3 Bed Terraced House, Refurb/BRRR, Romsey, SO51 5QX, £325,000

Mead Close, Romsey, Hampshire, SO51 5QX - 2 views - a month ago

Refurb/BRRR
~93 m²
+6 photos

ValuationFair Value

Sold Prices£237K - £460K
Sold Prices/m²£2.8K/m² - £5.9K/m²

 

 

Square Metres

~93 m²
Price/m²£3.5K/m²

Value Estimate

£331,500

 

 

End Value (After Refurb)

£354,015

Uplift in Value

+9%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£81,250

Stamp Duty & Legal Fees

£21,200

Refurb Costs

£41,600

Bridging Loan Interest

£8,531

Total Cash In

£154,331

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£354,015

Mortgage (After Refinance)

£265,511

Mortgage LTV

75%

Cash Released

£21,761

Cash Left In

£132,570

Equity

£88,504

Rent Range

£1,200 - £1,675

Rent Estimate

£1,446

Running Costs/mo

£1,415

Cashflow/mo

£31

Cashflow/yr

£366

ROI

0%

Gross Yield

5%

Local Sold Prices

50 sold prices from £237K to £460K, average is £327.5K. £2.8K/m² to £5.9K/m², average is £3.9K/m².

PriceDateDistanceAddressBeds 
£250K03/210.02 mi64, Saxon Way, Romsey, Hampshire SO51 5QY3
£287K03/230.05 mi12, Hereward Close, Romsey, Hampshire SO51 5RA3
£305K03/210.1 mi33, Ashdown Way, Romsey, Hampshire SO51 5QR3
£262.5K11/200.1 mi15, Ashdown Way, Romsey, Hampshire SO51 5QR3
£332K12/200.11 mi16, Avon Crescent, Romsey, Hampshire SO51 5PY3
£320K03/210.12 mi17, Wessex Gardens, Romsey, Hampshire SO51 5RD3
£275K12/220.12 mi20, Wessex Gardens, Romsey, Hampshire SO51 5RD3
£295K01/210.12 mi1, Avon Crescent, Romsey, Hampshire SO51 5PX3
£390K03/230.12 mi47, Avon Crescent, Romsey, Hampshire SO51 5PX3
£395K10/220.12 mi37, Avon Crescent, Romsey, Hampshire SO51 5PX3
£325K02/210.12 mi33, Avon Crescent, Romsey, Hampshire SO51 5PX3
£325K02/210.12 mi10, High Firs Gardens, Romsey, Hampshire SO51 5QA3
£345K04/210.14 mi26, Saxon Way, Romsey, Hampshire SO51 5QF3
£400K06/210.16 mi20, Meon Road, Romsey, Hampshire SO51 5PU3
£345K01/210.16 mi8, Meon Road, Romsey, Hampshire SO51 5PU3
£380K02/210.16 mi2, Meon Road, Romsey, Hampshire SO51 5PU3
£290K09/210.17 mi71, Viney Avenue, Romsey, Hampshire SO51 7NS3
£262.5K01/210.17 mi139, Viney Avenue, Romsey, Hampshire SO51 7NS3
£390K01/230.17 mi24, High Firs Road, Romsey, Hampshire SO51 5PZ3
£385K07/210.17 mi30, Benedict Close, Romsey, Hampshire SO51 8PN3
£402K12/220.18 mi22, Meon Road, Romsey, Hampshire SO51 5PU3
£277.5K02/230.18 mi85, Viney Avenue, Romsey, Hampshire SO51 7NS3
£295K07/230.2 mi3, Selsdon Avenue, Romsey, Hampshire SO51 7PL3
£237K06/210.2 mi21, Selsdon Avenue, Romsey, Hampshire SO51 7PL3
£400K12/220.21 mi25, Eight Acres, Romsey, Hampshire SO51 5BP3
£316K01/210.22 mi2, Eight Acres, Romsey, Hampshire SO51 5BQ3
£303K10/200.22 mi28, Eight Acres, Romsey, Hampshire SO51 5BQ3
£299.9K03/210.22 mi4, Viney Avenue, Romsey, Hampshire SO51 7NQ3
£280K01/230.22 mi46, Viney Avenue, Romsey, Hampshire SO51 7NQ3
£299.9K03/210.23 mi4, Viney Avenue, Romsey, Hampshire SO51 7NQ3
£287.5K03/210.23 mi45, Seward Rise, Romsey, Hampshire SO51 8PE3
£330K10/200.23 mi34, Seward Rise, Halterworth, Romsey, Hampshire SO51 8PE3
£279K07/210.28 mi112, St Blaize Road, Romsey, Hampshire SO51 7LW3
£243K03/210.28 mi3, Brickwoods Close, Romsey, Hampshire SO51 7JA3
£460K03/230.29 miHighfield, Whitenap Lane, Romsey, Hampshire SO51 5RS3
£375K02/230.29 mi23, Jenner Way, Romsey, Hampshire SO51 8PD3
£420.5K11/210.29 mi8, Whitenap Close, Romsey, Hampshire SO51 5RT3
£346K06/210.3 mi47a, Viney Avenue, Romsey, Hampshire SO51 7NR3
£280K09/210.32 mi105, St Blaize Road, Romsey, Hampshire SO51 7JY3
£350K03/230.32 mi79, St Blaize Road, Romsey, Hampshire SO51 7JY3
£362K11/220.32 mi39, St Blaize Road, Romsey, Hampshire SO51 7JY3
£295K05/230.32 mi101, St Blaize Road, Romsey, Hampshire SO51 7JY3
£400K10/210.32 mi5, Field Close, Romsey, Hampshire SO51 5BN3
£340K05/210.32 mi13, Field Close, Romsey, Hampshire SO51 5BN3
£330K11/200.34 mi12, Harefield Court, Romsey, Hampshire SO51 7NN3
£370K01/230.35 mi7, Ash Close, Romsey, Hampshire SO51 5RX3
£357.5K10/220.36 mi18, Feltham Close, Romsey, Hampshire SO51 8PB3
£365K09/230.36 mi17, Feltham Close, Romsey, Hampshire SO51 8PB3
£295K05/210.38 mi40, Sycamore Close, Romsey, Hampshire SO51 5SB3
£340K10/200.38 mi30, Sycamore Close, Romsey, Hampshire SO51 5SB3

Local Rents

25 rents from £1.2K/mo to £1.7K/mo, average is £1.4K/mo.

RentDateDistanceAddressBeds 
£1,30002/240.12 miWessex Gardens, Romsey, SO513
£1,20012/230.16 mi-3
£1,40006/240.16 mi-3
£1,49508/230.16 mi-3
£1,60012/240.17 miViney Avenue, Romsey3
£1,35009/240.23 miViney Avenue, Romsey3
£1,45002/250.23 mi-3
£1,40012/240.29 miWhitenap Lane, Romsey3
£1,30010/230.3 mi-3
£1,30010/240.3 mi-3
£1,50009/240.42 mi-3
£1,67512/240.45 miNorthlands Road, Romsey3
£1,60009/240.47 miWinchester Road, Romsey, Hampshire, SO513
£1,45012/240.47 miFairview Drive, ROMSEY3
£1,47512/240.47 miFairview Drive, ROMSEY3
£1,40009/240.47 miRomsey Hayter Gardens UNFURNISHED3
£1,50012/240.48 miRomsey Hogarth Close UNFURNISHED3
£1,40009/240.49 miRomsey Beverley Gardens UNFURNISHED3
£1,50012/240.52 miPetty Close, Romsey3
£1,50012/240.52 miAddison Close, Romsey3
£1,35009/230.56 mi-3
£1,45001/250.56 mi-3
£1,45003/250.56 mi-3
£1,50012/240.56 miLincoln Close, Romsey3
£1,20009/240.58 miTavistock Close, Romsey, Hampshire, SO513

Local Area Statistics

Population in SO51

26,989

Town centre distance

0.76 miles away

Nearest school

0.30 miles away

Nearest train station

0.79 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-5%

Sales demand

Balanced market

Capital growth (5yrs)

+14%

Property History

Listed for £325,000

March 3, 2025

Floor Plans

Description

  • Three-bedroom end-of-terrace home +
  • Offers potential for modernisation +
  • Spacious layout +
  • Off- Road parking +
  • Fitted kitchen +
  • Three- Piece family bathroom +
  • Fitted wardrobes in two bedrooms +
  • Generous rear and side garden +

Offered with no forward chain, this well-presented three-bedroom end-of-terrace home in Mead Road is an excellent opportunity for families, first-time buyers, or investors.

A key feature of this property is the generous space to the side, which offers potential for off-road parking, additional storage, or even future extension (STPP).

The ground floor welcomes you with a bright entrance hallway, leading into a spacious lounge, perfect for relaxation. The separate dining room flows seamlessly into the fitted kitchen, creating an ideal layout for entertaining or everyday family life.

Upstairs, you’ll find three well-proportioned bedrooms. The principal and second bedrooms are both doubles with fitted wardrobes, while the third bedroom is ideal as a child’s room, nursery, or home office. A three-piece family bathroom serves the first floor.

Outside, the generous rear garden is a standout feature, boasting a large lawn—perfect for children to play—alongside a patio area, ideal for summer BBQs and outdoor entertaining.

Located in a sought-after area, this home provides easy access to local amenities, schools, and transport links. With its end-of-chain status, spacious layout, and exciting potential, this is a home not to be missed.

ADDITIONAL INFORMATION

Materials used in construction: ASK AGENT

Have any alterations or improvements been carried our during the ownership?: ASK AGENT

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

Set on the outskirts of the historic market town of Romsey approximately 8 miles north-west of Southampton and 10 miles south-west of Winchester. Romsey lies on the River Test and offers many interesting and convenient shops. The cathedral city of Winchester offers many famous amenities and attractions. Communications are excellent with the M27, M3 and A34 within easy reach.

Agent Details

Charters, Romsey

01794 337464

Next Steps?

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