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See how verdicts work4-bedroom flat · SO15 3JZ
Sold STCReduced £50k (−13.3%) on 25 OctListed 434 days
Opportunity summary
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About
An investment opportunity to purchase three flats in a converted building located in the popular and convenient area of Shirley.
The building comprises of two one bedroom ground floor flats with private courtyards and a first floor two bedroom flat with private garden and driveway. Included in the sale is the freehold.
The accommodation is arranged as follows: 193 FOUNDRY LANE - FIRST FLOOR ENTRANCE HALL storage cupboard, stairs rising LANDING cupboard housing 'Glowworm' combination boiler, radiator, access to loft, window to side KITCHEN/DINING ROOM 11' x 9'4 (3.35m x 2.84m) range of fitted units, sink unit with mixer tap and drainer, electric oven, electric hob, spaces for washing machine and fridge, window to side SITTING ROOM 10'11 x 9'11 (3.33m x 3.02m) radiator, window to side BEDROOM 1 10'4 x 8'9 (3.15m x 2.67m) radiator, window to front BEDROOM 2 12' x 5'2 (3.89m x 1.57m) radiator, window to side BATHROOM 7'5 x 5'11 (2.26m x 1.80m) bath with 'Triton' shower over and screen, low level W.C., wash hand basin, tiled walls, radiator, window to rear GARDEN enclosed private garden, laid to lawn, access gate PARKING driveway parking for one vehicle COUNCIL TAX Band 'A' - £1,587.65 per annum for 2026/2027 193A FOUNDRY LANE - GROUND FLOOR KITCHEN 11'10 x 6'4 (3.61m x 1.93m) range of fitted units, sink unit with mixer tap and drainer, electric oven, electric hob, spaces for washing machine and fridge, 'Worcester' combination boiler, window to side, door to: SITTING/DINING ROOM 13'10 x 9'6 (4.22m x 2.90m) radiator, electric heater, two windows to front, door to study area, door to: BEDROOM 11' x 9'11 (3.35m x 3.02m) radiator, bay window to side STUDY AREA 6'7 x 6'1 (2.01m x 1.85m) door to: SHOWER ROOM 6'10 x 6'1 (2.08m x 1.85m) shower cubicle with 'Triton' electric shower, low level W.C., wash hand basin, part tiled walls, tiled floor, radiator, extractor GARDEN small side garden, fully enclosed, paved, access gate adjacent to front door COUNCIL TAX Band 'A' - £1,587.65 per annum for 2026/2027 193B FOUNDRY LANE - GROUND FLOOR KITCHEN 8'5 x 5'1 (2.57m x 1.55m) range of fitted units, sink unit with mixer tap and drainer, electric oven, electric hob, spaces for washing machine and fridge, 'Worcester' combination boiler, opening to: SITTING/DINING ROOM 9'7 x 8'4 (2.92m x 2.54m) radiator, window to front, double doors to garden, door to: BEDROOM 10'10 x 9'7 (3.30m x 2.92m) radiator, window to side, door to: SHOWER ROOM 5'10 x 5'6 (1.78m x 1.68m) shower cubicle with 'Triton' electric shower, low level W.C., wash hand basin, part tiled walls, radiator, extractor GARDEN fully enclosed, paved, access gate COUNCIL TAX Band 'A' - £1,587.65 per annum for 2026/2027 CURRENT RENTS 193 - £900 per calendar month 193A - £850 pr calendar month 193B - £750 per calendar month NB none of the appliances, fixtures and fittings and other items mentioned within these particulars have been tested and we cannot guarantee that they work as described.
Value & comps
No previous sales on record.
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 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 Foundry Lane, Shirley, Southampton, SO15 3JZ
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