2 Bed Flat, Single Let, Southampton, SO17 2HU, £170,000

73 The Avenue, Southampton, Hampshire, SO17 1XS - 24 days ago

Leasehold
BTL
ROI: 5%
~57 m²
+6 photos

ValuationOvervalued

Sold Prices£104K - £525K
Sold Prices/m²£1.8K/m² - £3.5K/m²

 

 

Square Metres

~57.20 m²
Price/m²£3K/m²

Value Estimate

£130,382

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£42,500

Stamp Duty & Legal Fees

£10,600

Total Cash In

£53,100

 

 

Cash Out

 

Rent Range

£925 - £1,500

Rent Estimate

£941

Running Costs/mo

£739

Cashflow/mo

£202

Cashflow/yr

£2,419

ROI

5%

Gross Yield

7%

Local Sold Prices

47 sold prices from £104K to £525K, average is £175K. £1.8K/m² to £3.5K/m², average is £2.3K/m².

PriceDateDistanceAddressBeds 
£168K06/210.01 mi31, Adelaide Road, Southampton SO17 2HU2
£167K08/210.2 mi100b, Adelaide Road, Southampton SO17 2HX2
£138K07/210.31 mi36, Shakespeare Avenue, Southampton SO17 2HB2
£195K06/230.34 miFlat 19, St Michaels Court, Priory Close, Southampton SO17 2FR2
£160K02/230.35 miFlat 1, Ascupart House, Portswood Road, Southampton SO17 2US2
£150K09/210.36 miFlat 8, Ascupart House, Portswood Road, Southampton SO17 2US2
£150K05/230.36 miFlat 11, Ascupart House, Portswood Road, Southampton SO17 2US2
£142K04/230.36 miFlat 4, Ascupart House, Portswood Road, Southampton SO17 2US2
£145K08/210.37 mi72b, Bitterne Road West, Southampton SO18 1AP2
£170K07/230.38 mi217, Priory Road, St Denys, Southampton SO17 2LR2
£160K08/230.4 mi8a, Rigby Road, Southampton SO17 2EU2
£202K09/230.46 mi18, Riverdene Place, Southampton SO18 1UG2
£205K05/210.48 mi68, Riverdene Place, Southampton SO18 1UH2
£202K12/210.5 miFlat 11, Westwood Mansions, Westwood Road, Southampton SO17 1UY2
£190K05/210.52 miFlat 1, Elm Court, Westwood Road, Southampton SO17 1DX2
£182K09/210.52 miFlat 3, Elm Court, Westwood Road, Southampton SO17 1DX2
£195K12/200.52 miFlat 9, Elm Court, Westwood Road, Southampton SO17 1DX2
£525K12/200.57 mi103, Highfield Lane, Southampton SO17 1NN2
£155K03/210.58 mi32a, St Catherines Road, Southampton SO18 1LJ2
£112K10/200.58 mi26a, St Catherines Road, Southampton SO18 1LJ2
£252.5K07/230.59 miFlat 1, Latimer Court, Brookvale Road, Southampton SO17 1QX2
£190K07/210.59 miFlat 6, Westwood Court, Westwood Road, Southampton SO17 1UX2
£227.5K09/210.59 miFlat 2, Westwood Court, Westwood Road, Southampton SO17 1UX2
£210K07/210.59 miFlat 5, Westwood Court, Westwood Road, Southampton SO17 1UX2
£174K07/210.6 miFlat 3, Latimer Court, Brookvale Road, Southampton SO17 1QX2
£180K02/210.6 miFlat 2, Latimer Court, Brookvale Road, Southampton SO17 1QX2
£168K12/200.6 mi11a, St Catherines Road, Southampton SO18 1LL2
£210K04/230.64 mi5, Padwell Road, Southampton SO14 6QY2
£156K04/210.64 miFlat 3, Christine Court, Cobbett Road, Bitterne Park, Southampton SO18 1RD2
£104K04/210.66 mi6a, Cranbury Avenue, Southampton SO14 0LQ2
£178.5K04/230.68 miFlat 6, Buckingham Court, Westwood Road, Southampton SO17 1HD2
£150K03/210.68 miFlat 12, Buckingham Court, Westwood Road, Southampton SO17 1HD2
£118.5K12/200.69 mi51a, Alfred Street, Southampton SO14 0NB2
£212K04/230.7 mi23a, Hillside Avenue, Bitterne Park, Southampton SO18 1LD2
£163K01/230.76 mi619, Portswood Road, Southampton SO17 3SL2
£152K08/210.79 miFlat 2, Cranford House, Cranford Way, Southampton SO17 1UE2
£177.5K01/210.79 miFlat 20, Deepdene, Midanbury Lane, Southampton SO18 4TQ2
£185K09/210.79 miFlat 21, Deepdene, Midanbury Lane, Southampton SO18 4TQ2
£175K03/230.83 miFlat 4, Beech Court, Beech Avenue, Southampton SO18 4TS2
£202K12/200.84 mi12, Moore Close, Southampton SO15 2RS2
£192K11/210.86 mi36, James Weld Close, Southampton SO15 2SW2
£195K10/210.86 mi43, James Weld Close, Southampton SO15 2SW2
£218K02/230.89 mi16, James Weld Close, Southampton SO15 2SW2
£125K06/210.89 mi25, Neva Road, Southampton SO18 4FH2
£153K12/200.91 miFlat 4, Banister Court, Court Road, Southampton SO15 2JS2
£185K12/210.95 miFlat 1, Kingfisher Court, Highfield Road, Southampton SO17 1UN2
£160K11/200.96 miFlat 7, Castle Heights, Castle Road, Midanbury, Southampton SO18 1TY2

Local Rents

49 rents from £925/mo to £1.5K/mo, average is £1.3K/mo.

RentDateDistanceAddressBeds 
£1,25009/240.07 miIvy Road, SOUTHAMPTON2
£1,05011/240.11 mi-2
£1,25009/240.14 miSouth Road, Southampton2
£1,20009/240.14 miBelmont Road, Southampton2
£1,10009/240.14 miBelmont Road, Portswood2
£1,50002/240.17 mi-2
£1,10009/240.17 mi|Ref: R153069|, Belmont Road, Southampton, SO17 2GD2
£1,05009/240.19 miNorth Road, St Denys2
£1,20012/240.24 mi-2
£1,35009/240.24 miWestridge Road, Southampton2
£95009/240.25 miLawn Court, Portswood2
£1,20009/240.25 miLawn Court, Portswood2
£1,30009/240.25 miLawn Road, Southampton2
£92509/240.25 miSt. Denys Road, Southampton, Hampshire, SO172
£1,35009/240.25 miStanley Road, Southampton2
£1,25002/240.26 miWestridge Road, Southampton, Hampshire, SO172
£1,20009/240.26 miCenturion House Hawkeswood Road,Centurion House,44 Hawkeswood Road,Southampton2
£1,10011/240.27 mi-2
£1,35002/250.27 mi-2
£1,25003/250.27 mi-2
£95009/240.27 miLawn Road, Portswood2
£1,25009/240.27 miVespasian Road,Bitterne Manor, Southampton2
£1,10009/240.29 miVespasian Court, Vespasian Road, Southampton, SO182
£1,15009/240.29 miVespasian Court, 52 Vespasian Road, Southampton2
£1,15010/240.29 mi-2
£1,25011/240.3 mi-2
£1,10009/240.31 miWestridge Road, Southampton, Hampshire, SO172
£1,25009/240.31 miWestridge Road, Southampton, Hampshire, SO172
£1,05009/240.32 miTennyson Road, Southampton2
£1,30009/240.33 miPortswood Road, Southampton2
£1,30009/240.33 miPortswood Road, Southampton2
£1,30009/240.33 miPortswood Road, Southampton2
£1,30009/240.33 miPortswood Road, Southampton2
£1,30009/240.33 miPortswood Road, Southampton2
£1,30009/240.33 miPortswood Road, Southampton2
£1,27509/240.33 miPortswood Road, Southampton2
£1,28509/240.33 miPortswood Road, Southampton2
£1,30009/240.33 miPortswood Road, Southampton2
£1,32009/240.33 miPortswood Road, Southampton2
£1,30009/240.33 miPortswood Road, Southampton2
£1,29509/240.33 miPortswood Road, Southampton2
£1,30009/240.33 miPortswood Road, Southampton2
£1,30009/240.33 miPortswood Road, Southampton2
£1,30009/240.33 miPortswood Road, Southampton2
£1,30009/240.33 miPortswood Road, Southampton2
£1,30009/240.33 miPortswood Road, Southampton2
£1,33509/240.33 miPortswood Road, Southampton2
£1,33509/240.33 miPortswood Road, Southampton2
£1,25009/240.33 miPortswood Road, Southampton2

Local Area Statistics

Population in SO17

19,429

Population in Southampton

428,247

Town centre distance

0.25 miles away

Nearest school

0.30 miles away

Nearest train station

0.04 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-22%

Sales demand

Balanced market

Capital growth (5yrs)

+6%

Property History

Listed for £170,000

March 18, 2025

Floor Plans

Description

  • First Floor Apartment +
  • Great First Time Purchase +
  • No Onward Chain +
  • Very Close Proximity To St Denys Train Station +
  • Open Plan Kitchen And Living Room +
  • Communal Garden +
  • Built In Wardrobes To Principal Bedroom +

A well presented first-floor, two-bedroom apartment located extremely close to St Denys railway station and all local amenities. Access to the property is via a communal hallway with a secure entrance and stairs to first floor.

Access to the property is via a communal hallway with a secure entrance and stairs to first floor. Upon entering you are greeted by spacious hallway with a built in storage cupboard.

The open plan kitchen/dining/living room overlooking the well-maintained communal gardens. The modern fitted kitchen boasts lots of wall and base storage solutions, a useful breakfast bar and ample space for white goods.

An additional reception room, currently utilised as a third bedroom/study makes the home versatile with opportunity for another living room, work office, third room or formal dining room. The principal bedroom is a double with built-in wardrobes and the second bedroom is a good sized double.

A three-piece family bathroom with a shower over the bath completes the accomdation The apartment also benefits from two storage cupboards, double glazing, electric heating and access to the communal garden.

TENURE
Leasehold
Unexpired Years: 95
Annual Ground Rent: £10
Ground Rent Increase: TBC
Ground Rent Review Period: Annually
Annual Service: £709
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
How does broadband enter the property: Ask Agent

There is no gas in the property

The kitchen was moved into living room thus creating the option of a third bedroom. Building regs followed and certified.

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

Southampton is a thriving commercial port with a population in excess of 250,000. It achieved city status in 1964 due to its contribution to trade and the economy. The city centre offers extensive shopping and leisure facilities ranging from small boutique outlets to major department stores including the landmark West Quay shopping mall. Restaurants, bars and cafes cater for every taste and the Cinema de Lux offers the finest film viewing experience. Numerous pleasant parks together with The Common, City golf course and sports centres offer a wide range of leisure opportunities with hundreds of acres of green open space. Championship football is played at St Marys and the Ageas Bowl is the home of Hampshire cricket hosting domestic and international matches together with live music events. The Guildhall, Mayflower and Nuffield theatres host a wide and eclectic range of plays, opera, ballet and musicals and the public art gallery in the civic centre has a famous and acclaimed collection.

Agent Details

Charters, Southampton

0238 144 9902

Next Steps?

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