Modern Method of Auction
Auction date not yet published
1-bedroom flat · SO15 0NF
For saleReduced £5k (−6.7%) on 10 SepListed 134 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
** Top Floor Apartment ** Chain Free ** Ideal First Time Buy or Rental Investment ** Situated in the popular and convenient Redbridge area of Southampton, this well-presented, purpose-built top-floor apartment offers an ideal opportunity for rental investors, first-time buyers, or those looking to downsize.
Boasting a highly accessible position, the property is set within well-maintained communal gardens and benefits from resident parking.
This is a fantastic opportunity to secure a home or investment in a sought-after location. Entry to the building is via secure communal entrances to both the front and rear.
Upon stepping inside the apartment, you are welcomed by an enclosed porch, which leads into a bright and spacious open-plan lounge/dining room.
This versatile living space easily accommodates both lounge and dining furniture and enjoys a pleasant garden outlook through a large window, creating a light and airy atmosphere.
A door leads into an internal hallway, providing access to a kitchen. The bathroom features a panel-enclosed bath, washbasin, and WC, with tiling to the principal areas.
The generously sized double bedroom benefits from a large walk-in storage cupboard, offering excellent additional space. The property would benefit from modernisation to add further vaule.
This property is for sale by the Modern Method of Auction, meaning the buyer and seller are to Complete within 56 days (the `Reservation Period`).
Interested parties personal data will be shared with the Auctioneer (iamsold). If considering buying with a mortgage, inspect and consider the property carefully with your lender before bidding.
A Buyer Information Pack is provided. The winning bidder will pay £349.00 including VAT for this pack which you must view before bidding.
The buyer signs a Reservation Agreement and makes payment of a non-refundable Reservation Fee of 4.50% of the purchase price including VAT, subject to a minimum of £ 6,600.00 including VAT.
This is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price. This is considered within calculations for Stamp Duty Land Tax.
Services may be recommended by the Agent or Auctioneer in which they will receive payment from the service provider if the service is taken. Payment varies but will be no more than £450.00.
These services are optional.
Value & comps
No previous sales on record.
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Returns
Set an offer; the calculator follows it.
We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below starting price
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisors before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
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 Flat 30, Clover Nooke,, Old Redbridge Road, Hampshire
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