3 Bed Semi-Detached House, Refurb/BRRR, Southampton, SO17 1RY, £375,000

Richmond Gardens, Highfield, Southampton, Hampshire, SO17 1RY - a month ago

Refurb/BRRR
ROI: 1%
~93 m²
+14 photos

ValuationOvervalued

Sold Prices£165K - £577.5K
Sold Prices/m²£2.2K/m² - £5.7K/m²

 

 

Square Metres

~93 m²
Price/m²£4K/m²

Value Estimate

£310,000

 

 

End Value (After Refurb)

£340,568

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£93,750

Stamp Duty & Legal Fees

£28,700

Refurb Costs

£42,000

Bridging Loan Interest

£9,844

Total Cash In

£176,044

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£340,568

Mortgage (After Refinance)

£255,426

Mortgage LTV

75%

Cash Left In

£176,044

Equity

£85,142

Rent Range

£672 - £2,675

Rent Estimate

£1,509

Running Costs/mo

£1,386

Cashflow/mo

£123

Cashflow/yr

£1,475

ROI

1%

Gross Yield

5%

Local Sold Prices

50 sold prices from £165K to £577.5K, average is £310K. £2.2K/m² to £5.7K/m², average is £3.3K/m².

PriceDateDistanceAddressBeds 
£357K08/230.02 mi4, Donnington Grove, Southampton SO17 1RW3
£345K06/230.09 mi6, Grosvenor Close, Southampton SO17 1RR3
£338K06/230.13 mi15, Arnold Road, Southampton SO17 1TF3
£335K10/220.17 mi94, Welbeck Avenue, Highfield, Southampton SO17 1SN3
£310K07/230.18 mi161, Osborne Road North, Southampton SO17 2FH3
£273K12/200.19 mi148, Osborne Road North, Southampton SO17 2FF3
£257K02/210.19 mi168, Osborne Road North, Southampton SO17 2FF3
£200K03/210.25 mi6, Kent Road, Southampton SO17 2LH3
£250K03/210.25 mi104, Kent Road, Southampton SO17 2LH3
£315K02/210.25 mi66, Kent Road, Southampton SO17 2LH3
£390K11/200.25 mi16, Church Lane, Southampton SO17 1SZ3
£255K11/220.28 mi5, Kent Road, Southampton SO17 2LJ3
£385K04/210.3 mi17, Blenheim Gardens, Southampton SO17 3RN3
£257.5K07/230.3 mi74, St Denys Road, Southampton SO17 2FL3
£297K09/220.3 mi55, Osborne Road South, Southampton SO17 2FE3
£287K12/220.31 mi33, Aberdeen Road, Southampton SO17 2LL3
£249.9K03/220.31 mi344, Priory Road, St Denys, Southampton SO17 2LQ3
£535K06/210.32 mi43, Church Lane, Southampton SO17 1SY3
£575K09/220.32 mi31, Church Lane, Southampton SO17 1SY3
£235K11/200.33 mi6, Sherborne Road, Southampton SO17 3RJ3
£325K12/210.33 mi12, Aberdeen Road, Southampton SO17 2LN3
£375K06/230.33 mi56, Kitchener Road, Southampton SO17 3SG3
£500K11/210.35 mi32, Glebe Court, Southampton SO17 1RH3
£290K12/200.35 mi29, Glebe Court, Southampton SO17 1RH3
£550K09/220.35 mi33, Glebe Court, Southampton SO17 1RH3
£484.8K10/220.35 mi12, Glebe Court, Southampton SO17 1RH3
£260K02/230.36 mi9, Sirdar Road, Southampton SO17 3SH3
£261K09/210.36 mi117, Adelaide Road, Southampton SO17 2HZ3
£460K12/220.36 mi7, Glebe Court, Southampton SO17 1RH3
£385K06/230.36 mi4, Merton Road, Highfield, Southampton SO17 3RD3
£238.5K08/210.37 mi19, Woodside Road, Portswood, Southampton SO17 2GU3
£323K12/210.38 mi10, Dundee Road, Southampton SO17 2NB3
£323K12/210.38 mi10, Dundee Road, Southampton SO17 2NB3
£254K01/210.38 mi324, Priory Road, Southampton SO17 2LS3
£165K11/200.38 mi288a, Priory Road, St Denys, Southampton SO17 2LS3
£227K05/210.38 mi266, Priory Road, Southampton SO17 2LS3
£205K08/230.38 mi284, Priory Road, St Denys, Southampton SO17 2LS3
£260K03/230.38 mi20, Priory Close, Southampton SO17 2FR3
£577.5K06/210.38 mi10, Uplands Way, Southampton SO17 1QW3
£525K12/200.38 mi9, Uplands Way, Southampton SO17 1QW3
£295K03/210.38 mi11, Hartley Avenue, Southampton SO17 3QY3
£510K09/220.38 mi6, Orchards Way, Southampton SO17 1RD3
£365K12/220.39 mi34, Hilldown Road, Southampton SO17 1SX3
£280K03/220.39 mi199, Priory Road, St Denys, Southampton SO17 2LR3
£345K02/230.39 mi31, Osborne Road South, Southampton SO17 2FD3
£250K05/210.39 mi43, Osborne Road South, Southampton SO17 2FD3
£362K01/230.4 mi10, Osborne Road South, Southampton SO17 2EZ3
£310K07/210.4 mi42, Ripstone Gardens, Highfield, Southampton SO17 3RE3
£285K06/220.42 mi2, Stanley Road, Southampton SO17 2LW3
£240K05/220.42 mi3, Stanley Road, Southampton SO17 2LW3

Local Rents

52 rents from £672/mo to £2.7K/mo, average is £1.5K/mo.

RentDateDistanceAddressBeds 
£1,50009/240.1 miGrosvenor Road, Highfield3
£1,40011/240.12 mi-3
£1,65009/240.17 miPortswood Road, Southampton3
£1,50009/240.18 miPortswood Road, Southampton3
£1,50009/240.19 miHolyrood Avenue, Southampton3
£1,60009/240.22 miNorthcote Road, Southampton3
£1,38009/240.23 miPortswood Road, Portswood, Southampton3
£1,40009/240.24 miPortswood Road, Southampton3
£1,23009/240.24 miThe Broadway3
£1,35011/240.25 mi-3
£1,25011/240.25 mi-3
£2,00009/240.26 miWestridge Road, Portswood, Southampton3
£1,40009/240.27 miKent road, SO173
£1,40009/240.27 miKent Road, Southampton, Hampshire, SO173
£1,25010/240.31 mi-3
£1,25009/240.31 miOsborne Road South, Southampton, SO173
£1,45009/240.31 mi-3
£1,50009/240.31 miUpper Shaftesbury Avenue, Southampton3
£1,25002/250.33 mi-3
£1,60009/240.33 miTennyson Road, Southampton3
£1,60009/240.33 miTennyson Road, Southampton3
£1,30009/240.36 miSirdar Road, Portswood, SO173
£1,90009/240.36 miHighfield, Southampton3
£1,70009/240.36 miMerton Road, Southampton3
£2,67510/240.37 mi-3
£67201/250.38 mi-3
£67201/250.38 mi-3
£1,37509/240.38 mi-3
£1,45009/240.38 miPortswood Avenue, Southampton3
£1,62509/240.38 miPortswood Avenue, Southampton3
£1,40009/240.39 miPortswood Road3
£1,25009/240.39 miPortswood Road3
£1,35009/240.4 miPortswood Road, Southampton, SO173
£1,65009/240.4 miRipstone Gardens, Southampton3
£1,75009/240.4 miRipstone Gardens, Southampton3
£1,37509/240.42 miGranby Grove, Southampton3
£1,57504/250.42 mi-3
£1,35009/240.43 miThackeray Road, Southampton3
£1,50003/250.44 mi-3
£1,50009/240.44 miGordon Avenue, Southampton3
£1,25010/240.44 mi-3
£1,25010/240.44 mi-3
£1,69509/240.45 miEastfield Road, Southampton, Hampshire, SO173
£1,62509/240.45 miPortswood Road, Southampton3
£1,60009/240.45 miPortswood Road, Southampton3
£1,65009/240.45 miPortswood Road, Southampton3
£1,65009/240.45 miPortswood Road, Southampton3
£1,60009/240.45 miPortswood Road, Southampton3
£1,60009/240.45 miPortswood Road, Southampton3
£1,62509/240.45 miPortswood Road, Southampton3
£1,65009/240.45 miPortswood Road, Southampton3
£1,65009/240.45 miPortswood Road, Southampton3

Local Area Statistics

Population in SO17

19,429

Population in Southampton

428,247

Town centre distance

0.54 miles away

Nearest school

0.20 miles away

Nearest train station

0.44 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-22%

Sales demand

Balanced market

Capital growth (5yrs)

+6%

Property History

Listed for £375,000

March 28, 2025

Floor Plans

Description

Situated in the ever-popular and highly desirable area of Highfield, Southampton, this well-loved three-bedroom semi-detached family home is now available with no forward chain. While requiring modernisation throughout, the property presents a fantastic opportunity for those looking to put their own stamp on a spacious and characterful home in a prime location.

Highfield offers an enviable setting, with Portswood High Street just a stone’s throw away, providing a wealth of local amenities, independent shops, cafes, and excellent public transport links. The University of Southampton, well-regarded schools, and beautiful green spaces such as Southampton Common are also within easy reach.

Upon entering, you are welcomed into a hallway, leading to the living room with a charming bay window and ornate coving, offering a bright and airy space ideal for relaxation. Adjacent is the second reception room, which could serve as a home office, playroom, or additional sitting room. Moving further through the hallway, you’ll find a generous dining room, which leads into the kitchen, providing excellent potential for a modern open-plan redesign. A side door from the kitchen leads to the rear garden, and beyond the kitchen, a lean-to area currently serves as a utility/storage space with access to a ground-floor WC. This room also benefits from plumbing.

Upstairs, the property boasts three well-proportioned bedrooms, all benefiting from natural light and ample space, The principal room boasts a beautiful character fire surround and these rooms are served by the three-piece shower room.

Externally, the rear garden is mostly laid to lawn, with steps leading down to a storage shed. With a bit of vision, this outdoor space has the potential to become a beautiful retreat for the whole family to enjoy.

Offering immense scope for improvement, this fantastic home is a rare find in such a desirable and convenient location. It would make a superb family home for years to come. Early viewing is highly recommended.

Agent Details

Morris Dibben, Southampton

0238 144 9928

Next Steps?

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