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See how verdicts work1-bedroom flat · SO14 3JX
Sold STCReduced £20k (−12.5%) on 25 OctListed 239 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Stanford Estate Agents present this fabulous, fourth floor one bedroom luxury apartment located in the popular Splash Development in Ocean Village, just a short walk from all the bars and restaurants.
Boasting a 14ft sitting room, private balcony, 11ft master bedroom with built in wardrobes and a transferable rented parking space.
Communal Entrance: Entry to the building is via secure video telephone entry, with stairs and lift to all floors.
Entrance hall: Door to front aspect, fitted carpet, central heating thermostat, telephone point, video telephone entry system, skimmed ceiling with mains powered smoke alarm, wood veneered doors to all rooms, large storage cupboard and door to the electric boiler cupboard.
Sitting/Dining Room: (14'6" x 13''0) Max Double glazed window to a southerly aspect and a double glazed tilt and turn door leading to a private balcony, fitted carpet, double and single radiators, telephone, television and satellite points and a skimmed ceiling with extractor fan.
Private Balcony: The apartment benefits from an undercover private balcony with a southerly aspect and enjoying views towards Southampton water and Ocean Terminal, the home of some of the worlds most famous cruise ships.
Laid to patio and gravel and enclosed by metal rails and glazing.
Kitchen: (11'0 x 7'0) Fitted with a modern matching range of wall and base level units rolled edged worktops and matching splashbacks, built in electric oven, four ring ceramic hob with extractor fan over, built in fridge/freezer and washing machine.
Stainless steel sink and drainer, vinyl flooring, skimmed ceiling with extractor fan and a mains powered heat alarm. Open to the sitting/dining room.
Bedroom: (11'0 x 10'5") Double glazed tilt and turn window to a southerly aspect with views towards Ocean Terminal, fitted carpet, single radiator, built in double wardrobe with hanging and shelving space and sliding doors, television point and a skimmed ceiling with extractor fan.
Bathroom: (7'0 x 6'6") Fitted with a matching three piece suite comprising panel enclosed bath with stainless steel mixer tap and shower connection, glazed shower screen, low level WC, pedestal wash hand basin, radiator, vinyl flooring, fitted mirror, shaver point and light and a skimmed ceiling with extractor fan.
Other Information: Local Council: Southampton City Council Council Tax Band: C Sellers Position: No Forward Chain **The seller has provided the following lease information, however, this information should be clarified by a conveyancer/legal advisor before completing a purchase** Lease Remaining- 160 + Years Ground Rent £275 per annum Service Charge £1600 per annum
Value & comps
No previous sales on record.
Returns
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We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below asking
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Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
Agent & docs
FAQ
About Ocean Way, Ocean Village, Hampshire, SO14
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