We've tightened what earns a Pursue. A home now needs a published valuation, a strategy that still makes money after real running costs and lender stress tests, and no listing problems that would stop a mortgage. You'll see fewer Pursues, and each one has been checked harder.
See how verdicts work2-bedroom flat · SO14 1LZ
For saleReduced £10k (−7.1%) on 24 OctListed 21 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Centrally located on St Mary's Street, this is a great two bedroom ground floor flat.
Ideal for a first time buyer or investor it has recently been redecorated and is ready for you, or your tenant, to move into straight away.
From an investment point of view the antcipated gross yield would be in the region of 8.57% based on an annual rent of £12,000. The accommodation is well laid out with a bright, welcoming feel.
The spacious living room is the perfect place to relax after a hard day's work but it would equally suit working from home, dining and entertaining guests with ease.
Leading off the living room is the fitted kitchen where you will find an abundance of cupboard and worktop space, breakfast bar and fitted electric hob, oven and extractor hood.
There are dedicated spaces for the installation of a washing machine and fridge/freezer.
The main bedroom is a good size with large built in wardrobes with the second bedroom being a large single size.
Completing the accommodation is the accessible bathroom which has walk-in shower, toilet and wash handbasin.
The location will be ideal for those working in Southampton City Centre and there is good access by public transport to the rest of the city.
For those studying, Southampton Solent University is within walking distance with good access to Southampton University by public transport.
You will be spoilt for choice for shopping with good local shops in the immediate vicinity plus the delights of the city centre & West Quay Mall within a short walk through nearby Hoglands park.
Practicalities Tenure: Leasehold Lease: 125 years from 1st January 2002 (100 years remaining) Ground rent: Peppercorn if demanded Service Charge: Current £1282.00 EPC Rating: C No Chain Heating : Electric heaters Council Tax Band: D please note there is no car parking provided with the property.
We endeavour to make our sales particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact.
Any services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given.
All measurements have been taken as a guide to prospective buyers only, and are not precise.
If you require clarification or further information on any points, please contact us, especially if you are travelling some distance to view.
Fixtures and fittings other than those mentioned are to be agreed with the seller by separate negotiation.
Successful buyers will be required to complete online identity checks provided by our compliance partner. The cost of these checks is £72 inc.
VAT per check which is paid in advance directly to the provider. This charge verifies your identity in line with our obligations as agreed with hmrc. EPC rating: C.
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
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 advisers 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
.png)
FAQ
About Flat 1.., 87, St Mary's Street, Southampton
Explore nearby