2 Bed Flat, Single Let, Eastleigh, SO50 5GR, £180,000

61 Stranding Street, Eastleigh, SO50 5GR - 2 views - a month ago

Leasehold

BTL

ROI: 5%

76 m²

+5 photos

ValuationUndervalued

Sold Prices	£92.5K - £235.8K
Sold Prices/m²	£1.4K/m² - £4.5K/m²

Square Metres	76 m²
Price/m²	£2.4K/m²
Value Estimate	£212,291£212,291
BMV	18%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£45,000£45,000
Stamp Duty & Legal Fees	£10,200£10,200
Total Cash In	£55,200£55,200

Cash Out
Rent Range	£875 - £1,450£875 - £1,450
Rent Estimate	£1,000
Running Costs/mo	£783£783
Cashflow/mo	£218£218
Cashflow/yr	£2,610£2,610
ROI	5%5%
Gross Yield	7%7%

Local Sold Prices

43 sold prices from £92.5K to £235.8K, average is £185K. £1.4K/m² to £4.5K/m², average is £2.8K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£170K	03/21	0.02 mi	67, Stranding Street, Eastleigh, Hampshire SO50 5GR	£2,537	67	2	Flat
£195K	02/23	0.02 mi	73, Stranding Street, Eastleigh, Hampshire SO50 5GR	£2,910	67	2	Flat
£175K	06/21	0.04 mi	53, Drum Road, Eastleigh, Hampshire SO50 5ST	£2,966	59	2	Flat
£165K	04/21	0.04 mi	5, Drum Road, Eastleigh, Hampshire SO50 5ST	£2,845	58	2	Flat
£180K	09/21	0.04 mi	17, Bright Wire Crescent, Eastleigh, Hampshire SO50 5SQ	£3,158	57	2	Flat
£97.5K	05/23	0.05 mi	41, Bright Wire Crescent, Eastleigh, Hampshire SO50 5SQ	£1,477	66	2	Flat
£194K	03/21	0.05 mi	54, Bright Wire Crescent, Eastleigh, Hampshire SO50 5SQ	£2,082	93	2	Flat
£205K	11/20	0.05 mi	52, Bright Wire Crescent, Eastleigh, Hampshire SO50 5SQ	£2,356	87	2	Flat
£205K	03/21	0.05 mi	1a, Bright Wire Crescent, Eastleigh, Hampshire SO50 5SQ	£2,334	88	2	Flat
£175K	11/21	0.09 mi	66, Hoddinott Road, Eastleigh, Hampshire SO50 5SN	£2,917	60	2	Flat
£197K	03/23	0.09 mi	52, Hoddinott Road, Eastleigh, Hampshire SO50 5SN	£2,463	80	2	Flat
£175K	03/21	0.1 mi	16, William Panter Court, Eastleigh, Hampshire SO50 5GL	£2,734	64	2	Flat
£185K	02/23	0.11 mi	37, Benny Hill Close, Eastleigh, Hampshire SO50 5GG	£3,246	57	2	Flat
£170K	03/23	0.11 mi	43, Benny Hill Close, Eastleigh, Hampshire SO50 5GG	£3,036	56	2	Flat
£165K	01/21	0.11 mi	57, Benny Hill Close, Eastleigh, Hampshire SO50 5GG	£2,797	59	2	Flat
£180K	06/23	0.13 mi	10, Pluto Road, Eastleigh, Hampshire SO50 5GD	-	-	2	Flat
£210K	12/22	0.16 mi	29, Blenheim Road, Eastleigh, Hampshire SO50 5JU	-	-	2	Flat
£202K	01/21	0.16 mi	43, Blenheim Road, Eastleigh, Hampshire SO50 5JU	£2,546	79	2	Flat
£195K	02/23	0.16 mi	76, Tinning Way, Eastleigh, Hampshire SO50 9QH	£3,095	63	2	Flat
£190K	03/21	0.2 mi	34, Causton Gardens, Eastleigh, Hampshire SO50 9PJ	£2,794	68	2	Flat
£92.5K	09/21	0.2 mi	53, Causton Gardens, Eastleigh, Hampshire SO50 9PJ	£1,381	67	2	Flat
£175K	02/21	0.2 mi	30, Causton Gardens, Eastleigh, Hampshire SO50 9PJ	£2,397	73	2	Flat
£207K	02/21	0.2 mi	69, Causton Gardens, Eastleigh, Hampshire SO50 9PJ	£3,450	60	2	Flat
£220K	03/23	0.23 mi	118, Loveridge Way, Eastleigh, Hampshire SO50 9PW	£3,134	70	2	Flat
£180K	11/20	0.23 mi	80, Loveridge Way, Eastleigh, Hampshire SO50 9PW	£2,647	68	2	Flat
£182K	04/21	0.23 mi	80, Loveridge Way, Eastleigh, Hampshire SO50 9PW	£2,676	68	2	Flat
£200K	12/22	0.23 mi	94, Loveridge Way, Eastleigh, Hampshire SO50 9PW	£2,793	72	2	Flat
£150K	06/23	0.31 mi	Apartment 4, Hanns Mews, Hanns Way, Eastleigh, Hampshire SO50 5NZ	-	-	2	Flat
£205K	08/23	0.35 mi	18a, Derby Road, Eastleigh, Hampshire SO50 5HP	£4,487	46	2	Flat
£165K	01/21	0.55 mi	5, Salisbury Court, Eastleigh, Hampshire SO50 9BP	£2,463	67	2	Flat
£167.5K	06/23	0.55 mi	5, Salisbury Court, Eastleigh, Hampshire SO50 9BP	£2,500	67	2	Flat
£175K	05/21	0.62 mi	Flat 11, Rossetti Court, Byron Road, Eastleigh, Hampshire SO50 4FL	-	-	2	Flat
£180K	01/21	0.62 mi	Flat 18, Rossetti Court, Byron Road, Eastleigh, Hampshire SO50 4FL	-	-	2	Flat
£190K	05/23	0.62 mi	Flat 35, Rossetti Court, Byron Road, Eastleigh, Hampshire SO50 4FL	-	-	2	Flat
£185K	03/23	0.62 mi	Flat 19, Rossetti Court, Byron Road, Eastleigh, Hampshire SO50 4FL	-	-	2	Flat
£195K	09/21	0.64 mi	59, Dakota Way, Eastleigh, Hampshire SO50 5TY	£2,996	65	2	Flat
£190K	02/21	0.69 mi	Flat 4, Bowman Lodge, Shakespeare Road, Eastleigh, Hampshire SO50 4QR	-	-	2	Flat
£200K	07/23	0.69 mi	Flat 4, Bowman Lodge, Shakespeare Road, Eastleigh, Hampshire SO50 4QR	-	-	2	Flat
£175K	07/21	0.72 mi	23, Selwyn Gardens, Boyatt Wood, Eastleigh, Hampshire SO50 4PX	-	-	2	Flat
£185K	03/23	0.82 mi	160, Alexander Square, Eastleigh, Hampshire SO50 4BX	£2,803	66	2	Flat
£168.5K	03/23	0.82 mi	69, Alexander Square, Eastleigh, Hampshire SO50 4BW	-	-	2	Flat
£200K	07/23	0.9 mi	134, Twyford Road, Eastleigh, Hampshire SO50 4HN	£2,740	73	2	Flat
£235.8K	02/23	0.97 mi	13, Cherwell Gardens, Chandler's Ford, Eastleigh, Hampshire SO53 2NH	£3,743	63	2	Flat

Local Rents

27 rents from £875/mo to £1.4K/mo, average is £1.1K/mo.

Rent	Date	Distance	Address	Beds	Type
£1,150	12/24	0.01 mi	Drum Road	2	Flat
£1,200	09/24	0.05 mi	-	2	Flat
£1,250	12/24	0.06 mi	-	2	Terraced House
£1,200	12/24	0.1 mi	Benny Hill Close SILVER SUB, Eastleigh, Hampshire, SO50	2	Flat
£1,195	11/24	0.1 mi	-	2	Flat
£1,200	09/24	0.11 mi	Benny Hill Close	2	Flat
£1,100	09/24	0.12 mi	George Raymond Road, Eastleigh, SO50	2	Flat
£1,100	12/24	0.13 mi	Nutbeem Road, Eastleigh, SO50	2	Flat
£1,200	04/25	0.14 mi	-	2	Flat
£1,200	09/24	0.15 mi	-	2	Flat
£1,200	09/24	0.15 mi	Heinz Burt Close, Eastleigh, SO50	2	Flat
£925	09/24	0.16 mi	-	2	Flat
£1,000	12/24	0.16 mi	\|Ref: R153867\|, Leigh Road, Eastleigh, SO50 9DT	2	Flat
£875	02/24	0.31 mi	Hanns Way, Eastleigh, SO50	2	Flat
£1,100	09/24	0.31 mi	Hanns Mews, Hanns Way, Eastleigh	2	Flat
£1,150	12/24	0.32 mi	Archers Road SILVER SUB, Eastleigh, SO50	2	Flat
£1,050	09/24	0.33 mi	High Street, Eastleigh	2	Flat
£1,100	09/24	0.34 mi	Archers Road, Eastleigh	2	Flat
£1,100	04/25	0.38 mi	-	2	Flat
£1,150	09/24	0.44 mi	-	2	Flat
£1,000	12/24	0.45 mi	High Street, Eastleigh, SO50	2	Flat
£1,450	11/24	0.5 mi	-	2	Detached House
£1,100	11/24	0.52 mi	-	2	Flat
£950	10/24	0.55 mi	-	2	Flat
£1,350	04/25	0.57 mi	-	2	Semi-Detached House
£1,125	02/25	0.6 mi	-	2	Flat
£1,350	12/24	0.61 mi	-	2	Flat

Local Area Statistics

Population in SO50	46,31846,318
Population in Eastleigh	78,74178,741
Town centre distance	0.78 miles away0.78 miles away
Nearest school	0.20 miles away0.20 miles away
Nearest train station	0.53 miles away0.53 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	+1%+1%
Sales demand	Balanced marketBalanced market
Capital growth (5yrs)	+12%+12%

Property History

Listed for £180,000

March 24, 2025

Description

SPACIOUS TWO DOUBLE BEDROOM GROUND FLOOR APARTMENT IN CENTRAL EASTLEIGH +
OWN ENTRANCE +
LOUNGE WITH PATIO DOORS TO COMMUNAL GARDENS +
KITCHEN +
MASTER BEDROOM WITH EN SUITE +
FURTHER SECOND BEDROOM +
FAMILY BATHROOM +
ALLOCATED PARKING +
IDEAL FIRST TIME BUY +
NO FORWARD CHAIN +

Located in Stranding Street Eastleigh I am delighted to present this spacious TWO DOUBLE BEDROOM ground floor apartment with its own entrance.

Within walking distance to shops and Eastleigh town centre this ideal first time buy comprises of entrance hallway, kitchen, lounge with patio doors opening up to the communal grounds.

Master bedroom with en suite, a further double bedroom and family bathroom.

Outside the allocated parking bay is opposite the front door. Offered with a NO FORWARD CHAIN I would recommend you book your viewing as soon as possible!!

Feel free to whatsapp/call me anytime to book your viewing!!

Luci Morgan

Agent Details

Luci Morgan Estate Agency, Bishopstoke

07841 976860

Next Steps?

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

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