2 Bed Semi-Detached House, Refurb/BRRR, Southampton, SO16 6TW, £150,000

344A Winchester Road, Southampton, Hampshire, SO16 6TW - 11 views - a month ago

Auction
Refurb/BRRR
ROI: 5%
79 m²
+6 photos

ValuationUndervalued

Sold Prices£170K - £725K
Sold Prices/m²£1.7K/m² - £5.5K/m²

 

 

Square Metres

79 m²
Price/m²£1.9K/m²

Value Estimate

£154,500
BMV3%

 

 

End Value (After Refurb)

£271,738

Uplift in Value

+81%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£37,500

Stamp Duty & Legal Fees

£8,700

Refurb Costs

£35,338

Bridging Loan Interest

£3,938

Total Cash In

£87,225

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Estimated Sale Price

£271,738

Agent Fees (1%)

£2,717

Bridging Loan

£112,500

Bridging Loan Interest

£3,938

Flip Profit

£69,295

Local Sold Prices

47 sold prices from £170K to £725K, average is £240K. £1.7K/m² to £5.5K/m², average is £3.3K/m².

PriceDateDistanceAddressBeds 
£285K12/220.09 miLittle Oak, Seagarth Lane, Southampton SO16 6RJ2
£242.6K07/230.21 mi28, Malvern Road, Southampton SO16 6PY2
£245K10/200.27 mi155, Dale Valley Road, Southampton SO16 6QX2
£285K06/210.29 mi43, Pointout Road, Southampton SO16 7DL2
£239K04/210.3 mi55, Pointout Road, Southampton SO16 7DL2
£240K01/230.38 mi5, Queens Road, Southampton SO15 7QT2
£350K04/230.38 mi19, Norham Avenue, Southampton SO16 6PS2
£252K06/230.39 mi12, Queens Road, Southampton SO15 7QT2
£240K01/230.39 mi13, Queens Road, Southampton SO15 7QT2
£210K03/210.39 mi12, Queens Road, Southampton SO15 7QT2
£328K07/230.4 mi39, Dale Valley Road, Southampton SO16 6QP2
£195K09/210.4 mi12a, Wilton Road, Southampton SO15 5LB2
£265K05/230.49 mi34, Shayer Road, Shirley, Southampton SO15 5JZ2
£260K06/230.49 mi53, Shayer Road, Shirley, Southampton SO15 5JZ2
£285K01/210.49 mi200, Tremona Road, Southampton SO16 6HW2
£275K11/210.51 mi14, Vinery Road, Southampton SO16 6HN2
£218K04/210.51 mi277, Coxford Road, Southampton SO16 5LD2
£725K12/200.52 mi2, Overcliff Rise, Southampton SO16 7BY2
£174K01/210.53 mi8, Falaise Close, Southampton SO16 6NA2
£179.7K05/210.53 mi1, Falaise Close, Southampton SO16 6NA2
£263K06/230.61 mi60, Tremona Road, Shirley, Southampton SO16 6HT2
£215K03/210.65 mi72, Springford Gardens, Southampton SO16 5SW2
£219K09/210.65 mi33, Springford Gardens, Southampton SO16 5SW2
£197K07/210.65 mi68, Springford Gardens, Southampton SO16 5SW2
£240K01/230.65 mi62, Springford Gardens, Southampton SO16 5SW2
£272K04/230.65 mi12, Bradley Green, Southampton SO16 5HZ2
£193K04/210.66 mi21, Hollybrook Close, Southampton SO16 6SY2
£210K01/210.66 mi1, Hollybrook Close, Southampton SO16 6SY2
£262.5K02/210.67 mi129, Church Street, Southampton SO15 5LW2
£234.9K07/210.68 mi84, Church Street, Southampton SO15 5LU2
£220K04/210.72 mi45, Salem Street, Southampton SO15 5QE2
£248K08/230.72 mi15, Hyde Close, Shirley, Southampton SO15 5QA2
£246.3K06/230.76 mi17, Prunus Close, Southampton SO16 8ES2
£247.5K05/230.83 mi66, Palm Road, Southampton SO16 5HF2
£214K07/210.87 mi8, Anglesea Road, Shirley, Southampton SO15 5QJ2
£214K11/200.9 mi6, Winchester Road, Southampton SO16 6UL2
£170K05/210.9 mi34, Winchester Road, Southampton SO16 6UL2
£243K09/210.91 mi25, Sydney Road, Southampton SO15 5RE2
£265K11/220.91 mi8, Sydney Road, Shirley, Southampton SO15 5RB2
£213K06/230.94 mi61, Warren Crescent, Southampton SO16 6BZ2
£225K04/230.94 mi20, Outer Circle, Southampton SO16 5GF2
£195K11/200.94 mi22, Romsey Road, Southampton SO16 4DA2
£265K02/230.96 mi115, Romsey Road, Southampton SO16 4DD2
£214K07/230.96 mi126, Warren Crescent, Southampton SO16 6BH2
£260K01/211 mi18, Warren Close, Southampton SO16 6BJ2
£229K07/211 mi3, Warren Close, Southampton SO16 6BJ2
£343K08/211 mi82, Roselands Gardens, Highfield, Southampton SO17 1QJ2

Local Rents

35 rents from £995/mo to £3K/mo, average is £1.3K/mo.

RentDateDistanceAddressBeds 
£1,30009/240.07 miClose To General Hospital2
£1,20009/240.08 miSeagarth Lane, Southampton2
£1,39509/240.09 miSeagarth Lane, Southampton, SO162
£1,20009/240.09 miWoodland Gate, Hill Lane2
£3,00010/240.1 mi-2
£2,60001/250.1 mi-2
£2,65004/250.1 mi-2
£2,70002/250.1 mi-2
£2,60002/250.1 mi-2
£1,20009/240.11 miNirvana Place, Winchester Road, Southampton2
£2,60009/240.11 mi-2
£1,20009/240.12 miWinchester Road, Southampton, Hampshire, SO162
£99512/240.21 mi-2
£1,25004/250.23 mi-2
£1,30009/240.23 miBassett, Southampton2
£1,32502/250.24 mi-2
£1,22509/240.24 miLordswood Road, Southampton, Hampshire, SO162
£1,40004/250.27 mi-2
£1,10011/240.32 mi-2
£1,30011/240.33 mi-2
£1,30009/240.35 miWinchester Road, Southampton, SO162
£1,20009/240.37 miShirley, Southampton2
£1,80009/240.37 mi-2
£1,20004/250.44 mi-2
£1,50009/240.45 miButterfield Road,Southampton2
£1,22502/250.46 mi-2
£1,10009/240.49 miSt James Close, Southampton2
£2,00009/240.49 mi-2
£1,40009/240.49 mi-2
£1,15009/240.5 miWilton Gardens, Southampton2
£1,20009/240.51 miSeacole Gardens, Southampton2
£1,20009/240.55 mi-2
£1,05009/240.56 miWinchester Road, Southampton2
£1,75004/250.6 mi-2
£1,30012/240.61 mi-2

Local Area Statistics

Population in SO16

66,270

Population in Southampton

428,247

Town centre distance

1.50 miles away

Nearest school

0.10 miles away

Nearest train station

1.63 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+7%

Sales demand

Seller's market

Capital growth (5yrs)

+18%

Property History

Listed for £150,000

March 19, 2025

Floor Plans

Description

  • Two Semi Detached Houses +
  • Excellent Development Potential STP +
  • Parking to the Front +
  • Garden to the Rear +
  • Vacant Possession & 8 Week Completion to Allow Time to Arrange Funding if Needed +
  • Freehold +

Development Opportunity Consisting of a Freehold House in Need of Renovation - Freehold & Vacant Possession - 344A Winchester Road, Southampton, Hampshire, SO16 6TW

Guide Price £150,000 to £200,000 * Buyers Premium Applies

For sale by unconditional online auction.

To review the legal documents and to view the auction information click on the buttons at the bottom of this advert or visit our website tcpa.co.uk

Town & Country Property Auctions are delighted to offer For Sale by Public Auction this two bedroom home which is in need of complete renovation throughout. This property is offered with vacant possession and in our opinion could be developed (STP) into flats, or turned into a very nice home. The property benefits from an off road parking space and a substantial annexed rear garden. The property is a must see and we urge all interested parties to view prior to the auction to see the full potential on offer.

The property will be entered into our 16th April 2025 auction which is held online and starts at 10am. You must register to bid and download the legal pack.

PROPERTY FEATURES
. A Semi Detached House
. Two bedrooms
. In Need of Renovation Throughout
. Off Road Parking
. Large Annexed Rear Garden
. Multiple Uses STP
. 28 Day Completion
. Freehold

VIEWING ARRANGEMENTS
We will be holding open viewing time slots on the following days and times. If you are unable to attend those times, please call us on .

Tenure
Freehold

UNCONDITIONAL LOT Buyers Premium Applies Upon the fall of the hammer, the Purchaser shall pay a 5% deposit and a 2.5%+VAT (subject to a minimum of £8,500+VAT) buyers premium and contracts are exchanged. The purchaser is legally bound to buy and the vendor is legally bound to sell the Property/Lot. The auction conditions require a full legal completion 28 days following the auction (unless otherwise stated).

Pre Auction Offers Are Considered
The seller of this property may consider a pre-auction offer prior to the auction date. All auction conditions will remain the same for pre-auction offers which include but are not limited to, the special auction conditions which can be viewed within the legal pack, the Buyer's Premium, and the deposit. To make a pre-auction offer we will require two forms of ID, proof of your ability to purchase the property and complete our auction registration processes online. To find out more information or to make a pre-auction offer please contact us.

Special Conditions
Any additional costs will be listed in the Special Conditions within the legal pack and these costs will be payable on completion. The legal pack is available to download free of charge under the LEGAL DOCUMENTS'. Any stamp duty and/or government taxes are not included within the Special Conditions within the legal pack and all potential buyers must make their own investigations.

Agent Details

Town & Country Property Auctions, Bournemouth

01202 125862

Next Steps?

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