3 Bed Terraced House, Refurb/BRRR, Southampton, SO19 7RF, £270,000

Northern Anchorage, Woolston, SO19 7RF - 2 views - 22 days ago

Leasehold
Refurb/BRRR
ROI: 5%
~93 m²
+11 photos

ValuationFair Value

Sold Prices£170K - £360K
Sold Prices/m²£1.8K/m² - £4.8K/m²

 

 

Square Metres

~93 m²
Price/m²£2.9K/m²

Value Estimate

£273,904

 

 

End Value (After Refurb)

£267,877

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£67,500

Stamp Duty & Legal Fees

£15,700

Refurb Costs

£42,000

Bridging Loan Interest

£7,088

Total Cash In

£134,038

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£267,877

Mortgage (After Refinance)

£200,908

Mortgage LTV

75%

Cash Left In

£134,038

Equity

£66,969

Rent Range

£1,100 - £2,800

Rent Estimate

£1,709

Running Costs/mo

£1,199

Cashflow/mo

£510

Cashflow/yr

£6,121

ROI

5%

Gross Yield

8%

Local Sold Prices

50 sold prices from £170K to £360K, average is £265K. £1.8K/m² to £4.8K/m², average is £2.8K/m².

PriceDateDistanceAddressBeds 
£215K11/200.12 mi10, Wharncliffe Road, Southampton SO19 7GF3
£260K04/230.22 mi52, Defender Road, Southampton SO19 7GW3
£215K03/210.27 mi26, Bridge Road, Southampton SO19 7GQ3
£260K04/210.27 mi41, Florence Road, Southampton SO19 9BT3
£350K06/230.28 mi7, Radstock Road, Southampton SO19 2HN3
£271.5K12/200.28 mi45, Inkerman Road, Southampton SO19 9BZ3
£250K02/210.28 mi91, Bridge Road, Southampton SO19 7GS3
£315K01/210.33 mi11, Garnock Road, Southampton SO19 9BP3
£170K01/210.34 mi101, Victoria Road, Woolston, Southampton SO19 9DZ3
£290K10/210.35 mi11, Vosper Road, Woolston, Southampton SO19 9SS3
£250K04/210.36 mi35, Swanage Close, Southampton SO19 2EW3
£265K04/230.37 mi20, Cheddar Close, Southampton SO19 2EZ3
£228K03/230.38 mi22, Lake Road, Southampton SO19 9EB3
£265K11/210.38 mi21, Cheddar Close, Southampton SO19 2EZ3
£225K11/200.38 mi20, Cheddar Close, Southampton SO19 2EZ3
£213K04/210.39 mi13, Surrey Road, Southampton SO19 9ED3
£210K04/210.39 mi15, Surrey Road, Southampton SO19 9ED3
£315K03/230.4 mi37, Weston Grove Road, Southampton SO19 9EE3
£260K05/230.4 mi31, Weston Grove Road, Southampton SO19 9EE3
£295K08/210.4 mi11, Oswald Road, Southampton SO19 9SQ3
£295K01/210.4 mi1, Oswald Road, Southampton SO19 9SQ3
£295K02/210.4 mi13, Oswald Road, Southampton SO19 9SQ3
£325K04/210.41 mi1a, Longmore Crescent, Southampton SO19 9FY3
£234.5K10/210.43 mi79, Mortimer Road, Southampton SO19 2HJ3
£262K11/200.43 mi26, Longmore Avenue, Southampton SO19 9FZ3
£222.5K01/210.44 mi48, Radstock Road, Southampton SO19 2HR3
£225.9K12/200.44 mi109, Manor Road North, Southampton SO19 2DT3
£210K06/230.44 mi112, Manor Road North, Southampton SO19 2DU3
£265K04/210.44 mi33, Hazeleigh Avenue, Woolston, Southampton SO19 9DG3
£270K03/230.46 mi61, Ludlow Road, Southampton SO19 2ET3
£223K02/230.46 mi37, Ludlow Road, Southampton SO19 2ET3
£240K11/200.46 mi45, Ludlow Road, Southampton SO19 2ET3
£225K05/230.46 mi59, Ludlow Road, Southampton SO19 2ET3
£300K02/210.46 mi92, Obelisk Road, Southampton SO19 9DE3
£262.5K12/200.46 mi22, Hazeleigh Avenue, Southampton SO19 9DF3
£265K04/210.46 mi61, Porchester Road, Southampton SO19 2JB3
£360K06/230.47 mi49, Radstock Road, Southampton SO19 2HT3
£294K09/210.47 mi75, Radstock Road, Southampton SO19 2HT3
£300K06/230.47 mi101, Radstock Road, Southampton SO19 2HT3
£285K12/200.47 mi2a, Glen Road, Southampton SO19 9EH3
£270K04/210.47 mi135, Victoria Road, Southampton SO19 9EG3
£315K02/230.49 mi61, Church Road, Woolston, Southampton SO19 9FR3
£294.5K01/230.5 mi5, Peveril Road, Itchen, Southampton SO19 2DW3
£200K03/210.5 mi35, Bryanston Road, Southampton SO19 7AP3
£270K10/210.51 mi59, College Road, Southampton SO19 9GD3
£317.5K04/230.51 mi1, College Road, Southampton SO19 9GD3
£267.5K06/210.52 mi82, Porchester Road, Southampton SO19 2JD3
£280K03/210.53 mi35a, Swift Road, Southampton SO19 9FP3
£275K04/210.53 mi26, College Road, Southampton SO19 9GE3
£325K05/230.53 mi99, Swift Road, Woolston, Southampton SO19 9FP3

Local Rents

19 rents from £1.1K/mo to £2.8K/mo, average is £1.5K/mo.

RentDateDistanceAddressBeds 
£1,50009/240.28 miCentenary Plaza, Southampton, SO193
£1,95009/240.29 miAndes Close, Ocean Village, Southampton, SO143
£1,80009/240.35 miOcean Village3
£1,20009/240.36 mi18cObelisk Road3
£1,10001/250.4 mi-3
£1,45009/240.4 miFort Road, Southampton, Hampshire, SO193
£1,20002/240.4 mi-3
£1,26511/240.42 mi-3
£1,20009/240.46 miVictoria Road, Southampton3
£1,20009/240.47 miGlen Road, SO193
£1,35009/240.49 miMortimer Road, Southampton3
£2,80009/240.51 miOcean Way, Southampton3
£1,30012/240.51 mi-3
£2,50009/240.51 miOcean Way, Southampton3
£2,50009/240.51 miThe Moresby Tower, Ocean Village, 3
£1,47512/240.58 mi-3
£2,50009/240.61 miCobalt Quarter, Ocean Village3
£2,50009/240.61 miCobalt Quarter, Ocean Village3
£1,79509/240.62 mi-3

Local Area Statistics

Population in SO19

55,875

Population in Southampton

428,247

Town centre distance

1.57 miles away

Nearest school

0.40 miles away

Nearest train station

0.21 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+3%

Sales demand

Balanced market

Capital growth (5yrs)

+18%

Property History

Listed for £270,000

March 21, 2025

Floor Plans

Description

  • Three Bedroom Town House +
  • No Forward Chain +
  • 14ft Master With En Suite +
  • Balcony With Water Views +
  • Quiet Cul-De-Sac Location +
  • Leasehold with 88 Years Remaining +
  • Garage & Off Road Parking +
  • Requires Modernisation +
  • Waterfront Location With River Walks Nearby +
  • Follow Us on Instagram @fieldpalmer +

Welcome to Northern Anchorage! A spacious three-bedroom town house perfectly positioned on the banks of the River Itchen in a quiet cul-de-sac. Upon entering, you are greeted by a bright and welcoming entrance hall with a convenient cloakroom, garage access with ample storage. The ground floor also features a stylish 14ft kitchen/breakfast room, fitted with shaker units, plenty of space for a dining set, and sliding doors leading to the garden, creating a seamless indoor-outdoor flow. On the first floor, a generous landing area leads to a spacious lounge/diner, which extends onto a private balcony offering scenic water views. Also on this level is the second bedroom, ideal for guests, family, or a home office. The top floor boasts an impressive 14ft master suite, complete with a built-in wardrobe and en-suite shower room. This level also includes a well-proportioned third bedroom, a family bathroom, and a landing area with a storage cupboard and loft access. Outside, the property benefits from a private courtyard garden at the rear and a first-floor balcony, perfect for enjoying the peaceful surroundings. The front features a block-paved driveway with parking for multiple vehicles, along with a garage for additional convenience. Additional advantages include no forward chain, gas central heating, and the option to retain the current tenants, making this a fantastic opportunity for both homeowners and investors.
 

**Location **The general character of Woolston is suburban with traces of the former rural settlement that gave it its special character in the past. Developed from a small rural settlement into substantial residential suburb, Woolston now benefits from an outstanding selection of local shops, amenities and cafés including a large Lidl Supermarket (0.4 miles), Superdrug and Boots (0.2 miles). Exceptional schools are nearby including the St. Patricks Catholic School (0.4 miles) and the Woolston Infant School (0.6 miles) which has been rated 'Good' by Ofsted. Other local points include: Woolston Train Station (0.2 miles), Centenary Quay (0.5 miles) and its bars including the popular tapas restaurant Quayside (0.5 miles), Peatree Green Nature Reserve (0.3 miles), local pubs including the Millers Pond (0.5 miles) and although you can spend most days relaxing by the river and basking in the tranquil setting, the fast-paced city of Southampton is just a stone's throw away. A short journey across the Itchen Bridge (0.3 miles) will take you to Southampton City Centre (1.0 mile) and Ocean Village (0.9 miles) where you can enjoy a hearty meal in a traditional English pub or treat yourself to some fine dining in a Michelin star restaurant in Ocean Village, Southampton City Centre, the new Cultural Quarter and Oxford Street. 

Approach
Dropped kerb leading to block paved driveway for multiple vehicles, garage & front door.

Entrance Hall
Textured finish to coved ceiling, door to front elevation, storage cupboard, stairs to first floor, doors to.

WC
Textured finish to ceiling, low level wc & hand wash basin, tiling in applicable areas.

Kitchen/Breakfast Room
13' 9" (4.19m) x 14' 10" (4.52m):
Textured finish to coved ceiling, double glazed sliding doors to rear, double glazed window to rear. A range of matching wall and base units with roll top work surface over, inset sink & drainer, built in gas hob with extractor fan over, double over, tiled splashbacks. Space for white goods.

Landing One
Textured finish to coved ceiling, double glazed window to front elevation, radiator. Double doors to

Lounge/Diner
14' 7" (4.44m) x 14' 11" (4.55m):
Textured finish to coved ceiling, double glazed window to rear, double glazed sliding doors to balcony. Two radiators.

Bedroom Two
9' 10" (3.00m) x 8' 10" (2.69m):
Textured finish to coved ceiling, double glazed window to front elevation, radiator.

Landing Two
Textured finish to coved ceiling, loft hatch, storage cupboard, radiator, doors to

Bedroom One
11' 11" (3.63m) x 14' 10" (4.52m):
Textured finish to coved ceiling, two double glazed window to rear elevation, radiator. Door to

En Suite
Textured finish to coved ceiling, corner shower cubicle, low level wc and hand wash basin, tiling in applicable areas, radiator.

Bedroom Three
7' 5" (2.26m) x 8' 8" (2.64m):
Textured finish to coved ceiling, double glazed window to front elevation, radiator.

**Bathroom **
Textured finish to coved ceiling, skylight window to front elevation, panel enclosed bath with shower over, low level wc and hand was basin, tiling in applicable areas, radiator.

Garage
17' 1" (5.21m) x 8' 7" (2.62m):
Up & over door, power and light connected

Garden
Brick wall border, patio seating area with shrub borders.

Follow us on Instagram @fieldpalmer for 'coming soon' property alerts, exclusive appraisals, reviews and video tours. 

Listed as available by OFCOM, Toob, Virgin Media, Open Reach, Standard, Superfast, Ultrafast.
TV aerial available
Mobile Signal: listed as available by OFCOM, or, Limited to EE, Three, O2, Vodafone
Utilities: Mains supplied

Services
Mains Gas
Mains Electricity
Mains Water 
Mains Drainage 
Please Note: Field Palmer have not tested any of the services or appliances at this property.

Council Tax Band
Band D

Seller's Position
No Forward Chain

Offer Check Procedure
If you are considering making an offer for this property and require a mortgage, our clients will require confirmation of your status. We have therefore adopted an Offer Check Procedure which involves our Financial Advisor verifying your position.

Agent Details

Field Palmer, Woolston

0238 039 3255

Next Steps?

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