2 Bed Detached House, Refurb/BRRR, Eastleigh, SO50 7NJ, £300,000

Michaels Way, Fair Oak, Eastleigh, SO50 7NJ - 1 views - a month ago

Refurb/BRRR
ROI: 3%
~68 m²
+10 photos

ValuationOvervalued

Sold Prices£165K - £538K
Sold Prices/m²£3.5K/m² - £5.5K/m²

 

 

Square Metres

~68.11 m²
Price/m²£4.4K/m²

Value Estimate

£289,760

 

 

End Value (After Refurb)

£245,465

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£75,000

Stamp Duty & Legal Fees

£18,700

Refurb Costs

£30,800

Bridging Loan Interest

£7,875

Total Cash In

£134,125

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£245,465

Mortgage (After Refinance)

£184,099

Mortgage LTV

75%

Cash Left In

£134,125

Equity

£61,366

Rent Range

£500 - £2,750

Rent Estimate

£1,363

Running Costs/mo

£1,060

Cashflow/mo

£303

Cashflow/yr

£3,640

ROI

3%

Gross Yield

5%

Local Sold Prices

26 sold prices from £165K to £538K, average is £257.5K. £3.5K/m² to £5.5K/m², average is £4.5K/m².

PriceDateDistanceAddressBeds 
£274K08/210.03 mi7, Mears Road, Fair Oak, Eastleigh, Hampshire SO50 7NB2
£250K04/210.03 mi11, Mears Road, Fair Oak, Eastleigh, Hampshire SO50 7NB2
£165K03/210.22 miFlat 4, Mill Court, Mortimers Lane, Fair Oak, Eastleigh, Hampshire SO50 7PG2
£295K11/200.25 mi6, Bradshaw Close, Fair Oak, Eastleigh, Hampshire SO50 7BS2
£328K12/200.5 mi12, Daisy Fields, Fair Oak, Eastleigh, Hampshire SO50 7FF2
£265K03/210.56 mi49, Witt Road, Fair Oak, Eastleigh, Hampshire SO50 7FN2
£302K04/210.58 mi8, Brookfield Road, Fair Oak, Eastleigh, Hampshire SO50 8EW2
£390K01/230.58 mi405, Fair Oak Road, Eastleigh, Hampshire SO50 7AB2
£260K08/230.7 mi7, Fontwell Gardens, Horton Heath, Eastleigh, Hampshire SO50 7NL2
£218K06/230.74 mi2c, Brunswick Road, Fair Oak, Eastleigh, Hampshire SO50 8FE2
£265K11/200.77 mi42, Upper Barn Copse, Fair Oak, Eastleigh, Hampshire SO50 8DD2
£240K09/230.79 mi67, New Road, Eastleigh, Hampshire SO50 8EN2
£233K11/200.79 mi43, New Road, Eastleigh, Hampshire SO50 8EN2
£295K08/230.8 mi19, Upper Barn Copse, Fair Oak, Eastleigh, Hampshire SO50 8DB2
£265K01/210.8 mi17, Upper Barn Copse, Fair Oak, Eastleigh, Hampshire SO50 8DB2
£246K09/210.82 mi25, Stoke Heights, Fair Oak, Eastleigh, Hampshire SO50 8AH2
£252K10/200.84 mi8, Epsom Close, Horton Heath, Eastleigh, Hampshire SO50 7NZ2
£225.5K02/230.84 mi8, Rachael Close, Eastleigh, Hampshire SO50 8LJ2
£230K01/230.85 mi26, Rachael Close, Eastleigh, Hampshire SO50 8LJ2
£538K04/210.86 mi31, Savernake Way, Fair Oak, Eastleigh, Hampshire SO50 7FA2
£255K06/230.91 mi27, The Spinney, Bishopstoke, Eastleigh, Hampshire SO50 8PF2
£230K09/210.95 mi13, Aintree Close, Horton Heath, Eastleigh, Hampshire SO50 7PU2
£280K05/230.96 mi13, Cosford Close, Bishopstoke, Eastleigh, Hampshire SO50 8PQ2
£245K06/210.97 mi21, Centaury Gardens, Horton Heath, Eastleigh, Hampshire SO50 7NY2
£255K03/210.98 mi19, Angelica Gardens, Horton Heath, Eastleigh, Hampshire SO50 7PA2
£267K12/210.99 mi35, The Ridings, Eastleigh, Hampshire SO50 8PN2

Local Rents

48 rents from £500/mo to £2.8K/mo, average is £1.4K/mo.

RentDateDistanceAddressBeds 
£1,45009/240.17 miFair Oak, Southampton3
£1,65012/240.18 miGoater Way, Fair Oak, SO503
£75009/240.23 miStubbington Way, Fair Oak, Eastleigh, Hampshire, SO501
£80012/240.25 miFair Oak1
£82512/240.25 miStubbington Way, Fair Oak, SO501
£75009/240.25 miSt Thomas Court, Stubbington Way, Fair Oak1
£1,30012/240.36 miKingsmill Drive, Fair Oak, SO502
£1,85003/240.36 mi-3
£1,80004/250.36 mi-3
£90009/240.42 miFair Oak Road, Fair Oak, Eastleigh1
£1,60012/240.45 miEastleigh Road, Fair Oak, Eastleigh, SO503
£89505/240.51 mi-1
£1,40009/240.56 miDean Road, Fair Oak, SO503
£1,50002/240.64 miWinchester Road, Fair Oak, Eastleigh3
£1,20009/240.74 mi***6-month let*** Brunswick Road, Fair Oak2
£1,20009/240.79 miNew Road, Fair Oak, Eastleigh, SO502
£1,25009/240.8 miOrmond Close, Fair Oak, EASTLEIGH2
£87512/240.85 mi-1
£1,35012/240.89 miOlympic Way SILVER SUB, Fair Oak, Eastleigh, Hampshire, SO503
£1,90012/240.91 miBrendon Gardens, Fair Oak, Eastleigh, Hampshire, SO503
£1,40010/240.96 mi-3
£1,45009/241.06 miHeather Chase, Fair Oak3
£1,40012/241.12 miItchen Avenue, Bishopstoke, Eastleigh3
£1,40009/241.14 miFair Oak Road, Bishopstoke, SO503
£1,40012/241.21 miBurnetts Lane, Horton Heath, SO503
£1,20002/241.23 mi-2
£1,70009/241.25 miMitre Copse, Bishopstoke, Eastleigh4
£1,00002/241.25 mi-2
£1,30004/251.26 mi-2
£95002/241.26 miBadger Close, Bishopstoke, Eastleigh, Hampshire, SO502
£95009/241.26 miBadger Close, Bishopstoke, Eastleigh, Hampshire, SO502
£1,45012/241.27 miSalmon Drive, Bishopstoke3
£1,90009/241.35 miTorwood Gardens, Bishopstoke4
£1,35012/241.35 miRedwell, Bishopstoke3
£1,55003/251.39 mi-3
£2,75012/241.49 miAllington Lane, Fair Oak, Hampshire, SO504
£2,00012/241.67 miDurley Street, Durley, Southampton, Hampshire, SO323
£1,80010/241.71 mi-3
£1,50009/241.88 miBishopstoke3
£50009/241.91 mi-2
£1,72502/241.93 mi-3
£87509/241.95 miSedgwick Road, EASTLEIGH1
£2,50012/241.97 miManor Road, Durley, Southampton, Hampshire, SO324
£87009/241.98 miNelson Road, Bishopstoke, Eastleigh, SO503
£1,10006/231.99 mi-2
£1,25009/242.04 miArthurs Gardens, Hedge End, SO30 2
£1,05009/242.04 mi|Ref: R152575|, Hamilton Road, Bishopstoke, Eastleigh, SO50 6AU2
£1,45009/242.08 miArthurs Gardens, Hedge End3

Local Area Statistics

Population in SO50

46,318

Population in Eastleigh

78,741

Town centre distance

2.58 miles away

Nearest school

0.40 miles away

Nearest train station

2.17 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+1%

Sales demand

Balanced market

Capital growth (5yrs)

+12%

Property History

Listed for £300,000

March 18, 2025

Floor Plans

Description

  • No Forward Chain +
  • Rarely Available +
  • One Of Only Two Built +
  • In Need Of Modernisation +
  • West Facing Garden +
  • Garage & Off Road Parking +

Stanford Estate Agents bring to the market with no forward chain this rare to market, two double bedroom, link detached home in a convenient and sought after location of Fair Oak. In need of some modernisation the property offers a unique opportunity to make a house a home!

Accommodation comprises of a large living room with stairs to the first floor, a kitchen/diner leading to a useful conservatory that gives direct access to the garden and garage. The first floor has two double bedrooms both serviced via the family bathroom.

Externally the property sits back from the road and is one of only two built with this design and layout. The front offers off road parking and access to the garage via up and over door. rear access can be found via the path to the side and secure gate. The rear garden is mostly laid to lawn with a patio area and faces a desirable westerly aspect. A secure shed sits on hardstanding for further storage and the garden is fully secure via panel enclosed fencing,

Further Information:
Local Council: Eastleigh Borough Council
Council Tax Band: C
EPC Rating: 62 - D
Local Primary School: Fair Oak Infant & Junior School
Local Secondary School: Wyvern School
Windows: Double Glazed
Heating: Gas
Parking: Driveway & Garage
Utilities: Mains
Broadband: See Ofcom Website -
Phone Signal: See signalchecker.co.uk
Sellers Position: No Forward Chain
Viewing: By Appointment Only

Local Information:
Fair Oak is a semi rural, small village in the borough of Eastleigh and renowned for its peaceful living offering, Transport links to Winchester, Hedge End and Eastleigh are convenient and an array of amenities are available in the village centre including a chemist, post office facilities and various convenience shops. The local schools are in high demand with the infant, junior and secondary school all achieving "good" status in their latest OFSTED reports.

Offer Check Procedure:
Please note any offer needs to be verified for legal anti-money laundering regulations and any prospective buyer will need to produce identification documents. Properties will not be removed from the market until anti money laundering and financial qualification checks have been satisfied. Prospective buyers are reminded that the details including any measurements indicated are for guidance only and they should seek their own measurements before committing to any expense. We thank you in advance for your co-operation.

Agent Details

Stanford Estate Agents, Eastleigh

0238 202 6479

Next Steps?

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