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