2 Bed Bungalow, Refurb/BRRR, Romsey, SO51 7LW, £270,000

St. Blaize Road, Romsey, Hampshire, SO51 7LW - 1 views - a month ago

Sold STC

Refurb/BRRR

ROI: 1%

~68 m²

ValuationFair Value

Sold Prices	£232.5K - £492.2K
Sold Prices/m²	£2.9K/m² - £5.8K/m²

Square Metres	~68.11 m²
Price/m²	£4K/m²
Value Estimate	£272,700£272,700

End Value (After Refurb)	£262,437£262,437

Investment Opportunity

Cash In
Purchase Finance	Bridging LoanBridging Loan
Deposit (25%)	£67,500£67,500
Stamp Duty & Legal Fees	£15,700£15,700
Refurb Costs	£30,467£30,467
Bridging Loan Interest	£7,088£7,088
Total Cash In	£122,504£122,504

Cash Out
Monetisation	FlipRefinance & RentRefinance & Rent
Revaluation	£262,437£262,437
Mortgage (After Refinance)	£196,828£196,828
Mortgage LTV	75%75%
Cash Left In	£122,504£122,504
Equity	£65,609£65,609
Rent Range	£1,000 - £1,400£1,000 - £1,400
Rent Estimate	£1,230
Running Costs/mo	£1,086£1,086
Cashflow/mo	£144£144
Cashflow/yr	£1,727£1,727
ROI	1%1%
Gross Yield	5%5%

Local Sold Prices

36 sold prices from £232.5K to £492.2K, average is £276.5K. £2.9K/m² to £5.8K/m², average is £4.4K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£275K	08/23	0 mi	20, St Blaize Road, Romsey, Hampshire SO51 7LW	£5,729	48	2	Terraced House
£265K	04/23	0 mi	68, St Blaize Road, Romsey, Hampshire SO51 7LW	£4,907	54	2	Semi-Detached House
£255K	12/20	0.16 mi	22, Clover Way, Romsey, Hampshire SO51 7RG	£4,250	60	2	Terraced House
£288K	11/22	0.25 mi	7, Feltham Close, Romsey, Hampshire SO51 8PB	£4,966	58	2	Terraced House
£282K	06/21	0.29 mi	37, Bramble Drive, Romsey, Hampshire SO51 7RJ	£4,211	67	2	Semi-Detached House
£285K	05/21	0.35 mi	1, Ashdown Way, Romsey, Hampshire SO51 5QR	£3,606	79	2	Semi-Detached House
£260K	07/21	0.41 mi	23, Dibben Walk, Romsey, Hampshire SO51 7UN	-	-	2	Terraced House
£237K	02/21	0.41 mi	11, Dibben Walk, Romsey, Hampshire SO51 7UN	£3,823	62	2	Terraced House
£275K	02/23	0.41 mi	17, Dibben Walk, Romsey, Hampshire SO51 7UN	£4,104	67	2	Terraced House
£492.2K	07/23	0.42 mi	Burtnel, School Road, Romsey, Hampshire SO51 7NY	£5,791	85	2	Semi-Detached House
£428K	11/20	0.42 mi	Burtnel, School Road, Romsey, Hampshire SO51 7NY	£5,035	85	2	Semi-Detached House
£245K	03/21	0.42 mi	58, Hunters Crescent, Romsey, Hampshire SO51 7UJ	£4,153	59	2	Terraced House
£246K	02/21	0.42 mi	14, Hunters Crescent, Romsey, Hampshire SO51 7UJ	£4,033	61	2	Terraced House
£263K	06/21	0.43 mi	32, Hunters Crescent, Romsey, Hampshire SO51 7UJ	£3,757	70	2	Semi-Detached House
£252.5K	03/23	0.47 mi	59, Cavendish Close, Romsey, Hampshire SO51 7HT	-	-	2	Terraced House
£375K	06/23	0.48 mi	12, Hillside Avenue, Romsey, Hampshire SO51 5BA	-	-	2	Detached House
£247.5K	01/21	0.52 mi	28, Ganger Road, Romsey, Hampshire SO51 7UB	£3,133	79	2	Semi-Detached House
£260K	03/21	0.53 mi	3, Woodley Way, Romsey, Hampshire SO51 7PB	-	-	2	Terraced House
£320K	03/21	0.53 mi	18, Hillside Avenue, Romsey, Hampshire SO51 5BB	£4,848	66	2	Detached House
£232.5K	04/21	0.54 mi	44, Tadfield Road, Romsey, Hampshire SO51 5AJ	-	-	2	Semi-Detached House
£330K	05/23	0.54 mi	56, Tadfield Road, Romsey, Hampshire SO51 5AJ	£4,527	73	2	Semi-Detached House
£420K	08/23	0.57 mi	4, Northlands Road, Romsey, Hampshire SO51 5RW	-	-	2	Detached House
£237K	01/21	0.59 mi	13, Footner Close, Romsey, Hampshire SO51 7UD	£3,000	79	2	Terraced House
£237.5K	05/21	0.62 mi	125, Winchester Road, Romsey, Hampshire SO51 8JF	£3,770	63	2	Semi-Detached House
£310K	01/23	0.64 mi	34, Great Well Drive, Romsey, Hampshire SO51 7QP	£5,082	61	2	Terraced House
£338K	11/22	0.64 mi	88, Winchester Road, Romsey, Hampshire SO51 8JE	£4,537	75	2	Terraced House
£325K	04/23	0.66 mi	11, Botley Road, Romsey, Hampshire SO51 5AG	£4,368	74	2	Terraced House
£322K	01/21	0.76 mi	56, Winchester Road, Romsey, Hampshire SO51 8JA	£3,788	85	2	Terraced House
£258K	12/20	0.78 mi	20, Neville Drive, Romsey, Hampshire SO51 7RP	£4,607	56	2	Terraced House
£258K	12/20	0.78 mi	20, Neville Drive, Romsey, Hampshire SO51 7RP	£4,607	56	2	Terraced House
£280K	06/21	0.83 mi	33, Mountbatten Avenue, Romsey, Hampshire SO51 8DX	£2,946	95	2	Terraced House
£265K	05/21	0.89 mi	11, St Johns Gardens, Romsey, Hampshire SO51 7RW	£4,732	56	2	Terraced House
£278K	12/20	0.9 mi	73, Chivers Road, Romsey, Hampshire SO51 0AT	-	-	2	Terraced House
£358.5K	12/22	0.95 mi	41, Malmesbury Road, Romsey, Hampshire SO51 8FS	£4,309	83	2	Semi-Detached House
£288K	01/21	0.96 mi	6, The Cloisters, Romsey, Hampshire SO51 7RS	£5,053	57	2	Terraced House
£315K	08/23	0.97 mi	30, Malmesbury Road, Romsey, Hampshire SO51 8FT	£5,000	63	2	Semi-Detached House

Local Rents

13 rents from £1K/mo to £1.4K/mo, average is £1.2K/mo.

Rent	Date	Distance	Address	Beds	Type
£1,195	09/24	0.14 mi	Clover Way, Romsey, Hampshire, SO51	2	Terraced House
£1,200	11/23	0.2 mi	-	2	Terraced House
£1,150	12/24	0.29 mi	Bramble Drive, Romsey	2	Terraced House
£1,200	12/24	0.37 mi	Wessex Gardens, Romsey	2	Terraced House
£1,300	09/24	0.41 mi	Hunters Crescent, Romsey, SO51	2	Terraced House
£1,300	09/24	0.41 mi	Dibben Walk, Romsey	2	Flat
£1,300	09/23	0.42 mi	-	2	Terraced House
£1,400	09/24	0.42 mi	Hunters Crescent, Romsey	2	Flat
£1,200	03/25	0.5 mi	-	2	Flat
£1,295	02/24	0.5 mi	Chirk Place, Romsey, Hampshire, SO51	2	Flat
£1,000	11/23	0.51 mi	-	2	Detached House
£1,200	09/24	0.6 mi	Winchester House, 112-114 Winchester Road, Romsey, Hampshire, SO51	2	Flat
£1,250	09/24	0.62 mi	Winchester Road, Romsey, Hampshire, SO51	2	Flat

Local Area Statistics

Population in SO51	26,98926,989
Town centre distance	0.79 miles away0.79 miles away
Nearest school	0.30 miles away0.30 miles away
Nearest train station	0.87 miles away0.87 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	-5%-5%
Sales demand	Balanced marketBalanced market
Capital growth (5yrs)	+14%+14%

Property History

Listed for £270,000

March 6, 2025

Description

Semi Detached Bungalow +
Off Street Parking +
Garage +
Secluded Garden +
No Forward Chain +
Requires Modernisation +

Offered with no forward chain this semi detached bungalow located in a popular position in Romsey. Requires Modernisation and further details pending.

Agent Details

Michael Rhodes, Romsey

01794 514455

Next Steps?

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