2 Bed Flat, Single Let, Southampton, SO14 0NZ, £130,000

Northam Road, Southampton, Hampshire, SO14 0NZ - 2 views - a month ago

Leasehold
BTL
ROI: 12%
~64 m²
+7 photos

ValuationUndervalued

Sold Prices£85K - £395K
Sold Prices/m²£1.2K/m² - £3.5K/m²

 

 

Square Metres

~63.70 m²
Price/m²£2K/m²

Value Estimate

£156,000
BMV20%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£32,500

Stamp Duty & Legal Fees

£7,800

Total Cash In

£40,300

 

 

Cash Out

 

Rent Range

£925 - £3,000

Rent Estimate

£1,028

Running Costs/mo

£632

Cashflow/mo

£396

Cashflow/yr

£4,754

ROI

12%

Gross Yield

9%

Local Sold Prices

50 sold prices from £85K to £395K, average is £190K. £1.2K/m² to £3.5K/m², average is £2.8K/m².

PriceDateDistanceAddressBeds 
£120K04/210.04 mi185, Golden Grove, Southampton SO14 1TD2
£142K11/210.18 miFlat 6, Lewis House, North Front, Southampton SO14 1LH2
£100K09/230.21 mi28, James Street, Southampton SO14 1PJ2
£152K05/210.22 miFlat 32, Kingsland House, North Front, Southampton SO14 1LJ2
£118.5K12/200.36 mi51a, Alfred Street, Southampton SO14 0NB2
£205K11/200.38 miFlat 33, Columbus House, The Compass, Southampton SO14 5BQ2
£177K04/210.39 miFlat 34, Raleigh House, The Compass, Southampton SO14 5BP2
£185K07/210.41 miFlat 6, Raleigh House, The Compass, Southampton SO14 5BP2
£137K02/210.46 mi46, White Star Place, Southampton SO14 3GN2
£104K04/210.47 mi6a, Cranbury Avenue, Southampton SO14 0LQ2
£142K03/210.47 mi47, White Star Place, Southampton SO14 3GN2
£130K11/210.56 miFlat 20, St James House, Orchard Lane, Southampton SO14 3DH2
£250K03/230.58 miFlat 35, Osborne House, Grosvenor Square, Southampton SO15 2DA2
£250K03/230.63 mi16a, Oxford Street, Southampton SO14 3DJ2
£170K03/230.66 miFlat 32, Chadwick Lodge, Devonshire Road, Southampton SO15 2QQ2
£190K03/210.66 miFlat 32, Chadwick Lodge, Devonshire Road, Southampton SO15 2QQ2
£128K03/210.68 miFlat 12, Consulate House, Canute Road, Southampton SO14 3FW2
£197.5K09/230.69 mi5, Kenilworth Road, Southampton SO15 2GD2
£95K06/210.69 miFlat 99, Wyndham Court, Commercial Road, Southampton SO15 1GT2
£85K02/230.69 miFlat 99, Wyndham Court, Commercial Road, Southampton SO15 1GT2
£117K03/210.7 miFlat 83, Wyndham Court, Commercial Road, Southampton SO15 1GT2
£119K12/200.7 miFlat 161, Wyndham Court, Commercial Road, Southampton SO15 1GU2
£192K11/210.7 mi36, James Weld Close, Southampton SO15 2SW2
£195K10/210.7 mi43, James Weld Close, Southampton SO15 2SW2
£190K12/200.7 miFlat 2, Imperial Apartments, South Western House, Southampton SO14 3DW2
£218K02/230.71 mi16, James Weld Close, Southampton SO15 2SW2
£268K06/210.72 mi14, Alcantara Crescent, Southampton SO14 3HR2
£222K06/210.72 mi37, Alcantara Crescent, Southampton SO14 3HR2
£250K11/200.72 mi19, Alcantara Crescent, Southampton SO14 3HR2
£240K07/210.72 mi20, Alcantara Crescent, Ocean Village, Southampton SO14 3HR2
£265K05/230.72 mi13, Alcantara Crescent, Ocean Village, Southampton SO14 3HR2
£315K11/210.73 miFlat 147, Oceana Boulevard, Orchard Place, Southampton SO14 3HW2
£210K04/230.73 mi5, Padwell Road, Southampton SO14 6QY2
£225K07/210.73 mi17, Asturias Way, Southampton SO14 3HT2
£220K03/230.76 mi283 The Blake Building, Admirals Quay, Ocean Way, Southampton SO14 3LN2
£395K02/230.76 mi137 The Hawkins Tower, Admirals Quay, Ocean Way, Southampton SO14 3LH2
£280K06/210.77 mi57, Andes Close, Southampton SO14 3HS2
£298.5K05/230.78 mi37 The Moresby Tower, Admirals Quay, Ocean Way, Southampton SO14 3LF2
£228K03/210.79 miFlat 20, The Albany, Gloucester Square, Southampton SO14 2GH2
£255K05/210.8 miFlat 51, The Greenwich, Gloucester Square, Southampton SO14 2GJ2
£270K09/210.8 miFlat 4, Mayflower Court, Bugle Street, Southampton SO14 2AP2
£85K02/230.81 miFlat 12, Hill House, Hill Street, Southampton SO19 7DB2
£183.5K12/200.84 miFlat 34, Queens Court, Hill Lane, Southampton SO15 5RR2
£180K09/210.86 miFlat 7, Shelley Court, Hill Lane, Southampton SO15 5SN2
£130K02/210.86 miFlat 20, Shelley Court, Hill Lane, Southampton SO15 5SN2
£153K12/200.87 miFlat 4, Banister Court, Court Road, Southampton SO15 2JS2
£166K11/200.87 miFlat 3, Spitfire Court, Mitchell Close, Southampton SO19 7TN2
£175K06/230.87 miFlat 26, Spitfire Court, Mitchell Close, Southampton SO19 7TN2
£230K07/230.87 mi48, Rollesbrook Gardens, Southampton SO15 5WB2
£219K08/210.87 mi58, Rollesbrook Gardens, Southampton SO15 5WB2

Local Rents

49 rents from £925/mo to £3K/mo, average is £1.2K/mo.

RentDateDistanceAddressBeds 
£1,20011/240.01 mi-2
£1,09509/240.02 mi-2
£1,45002/250.08 mi-2
£1,25009/240.09 miCraven Street Southampton, SO142
£99509/240.09 miSt Mary's Street, St Mary's, Southampton, SO142
£1,15004/250.09 mi-2
£2,20009/240.15 mi-2
£3,00009/240.15 mi-2
£1,15003/250.15 mi-2
£1,10004/250.15 mi-2
£1,80003/250.16 mi-2
£2,20004/250.16 mi-2
£1,15009/240.2 miParkview Mansions, New Road, Southampton, SO142
£2,40004/250.2 mi-2
£1,02509/240.24 mi|Ref: R203546|, Oxford Avenue, Southampton, SO14 0BN2
£1,25008/240.24 mi-2
£92509/240.24 miSt. Mary Street, Southampton2
£1,40010/240.25 mi-2
£1,15009/240.26 mi-2
£1,15010/240.26 mi-2
£1,30003/250.29 mi-2
£95009/240.31 mi108b St. Marys Road, Southampton, Hampshire, SO142
£1,59009/240.35 miPark Walk, Guildhall Apartments, 10 Park Walk, Southampton, Hampshire, SO14 7BL2
£1,45009/240.35 miPark Walk, Southampton, SO142
£1,10010/240.36 mi-2
£1,10010/240.36 mi-2
£1,00003/250.36 mi-2
£1,30009/240.38 miThe Compass, SOUTHAMPTON2
£1,30009/240.38 miThe Compass, Southampton, Hampshire, SO142
£1,10009/240.38 miThe Compass, Southampton, SO142
£1,10009/240.39 miThe Compass, Southampton, SO142
£1,40004/250.39 mi-2
£1,00009/240.4 miAbove Bar Street, City Centre2
£1,05010/240.41 mi-2
£1,10010/240.41 mi-2
£1,20009/240.41 miEast Street2
£1,15009/240.41 miHanover Buildings, Southampton2
£1,35009/240.41 mi2 Bedroom Flat | City Centre | Available 1st September 20242
£1,25009/240.41 miChapel Road, Ocean Village, Southampton2
£1,30009/240.41 miChapel Road, Ocean Village, Southampton2
£1,05002/240.41 miLyon Street, St Marys, Southampton2
£1,30009/240.42 mi|Ref: R152647|, Hanover Buildings, Southampton, SO14 1JH2
£1,10009/240.42 mi|Ref: R152456|, Hanover Buildings, Southampton, SO14 1JH2
£1,10009/240.42 mi|Ref: R152202|, Hanover House, Hanover Building, Southampton, SO14 1JH2
£1,25009/240.42 mi|Ref: R152181|, Hanover House, 19a Hanover Buildings, Southampton, SO14 1JH2
£1,30009/240.42 mi|Ref: R152382|, Hanover Buildings, Southampton, SO14 1JH2
£1,15009/240.42 mi|Ref: R152476|, Hanover Building, Southampton, SO14 1JH 2
£1,20009/240.42 miHanover Court, Southampton, Hampshire, SO14 1BP2
£1,30009/240.42 miHanover Buildings, Southampton, Hampshire, SO142

Local Area Statistics

Population in SO14

27,223

Population in Southampton

428,247

Town centre distance

0.93 miles away

Nearest school

0.10 miles away

Nearest train station

0.80 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+2%

Sales demand

Buyer's market

Capital growth (5yrs)

+7%

Property History

Listed for £130,000

March 19, 2025

Floor Plans

Description

Austin&Wyatt are pleased to present this fantastic two-bedroom flat on Northam Road, Southampton, offering an unbeatable location close to the city centre and St Mary’s Stadium. Perfect for first-time buyers or investors, this property benefits from excellent transport links, providing easy access to the city and beyond.

One of its standout features is the no service charge, making it a cost-effective choice for homeowners and landlords alike. With strong rental potential in a sought-after area, this is an ideal investment opportunity.

Don’t miss out—contact us today to arrange a viewing!

Agent Details

Austin & Wyatt, Southampton

0238 144 9979

Next Steps?

This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪