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 house · SO15 3SH
Listing removedListed 230 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
SUMMARY Connells are marketing this over 55's cottage with no chain, in the sought-after Lake House development.
It has an open-plan kitchen/diner, master bedroom with storage, second with velux window, with a private front and rear garde. Conveniently located near Shirley High Street and transport links.
DESCRIPTION Connells are pleased to offer this over-55s freehold cottage, located in the sought-after Lake House development near Freemantle.
Downstairs, the property features an open-plan kitchen and dining area and a separate lounge perfect for hosting and entertaining.
Whereas there was storage available in the hallway, two well-sized bedrooms, and a three-piece bathroom suite upstairs.
The master bedroom includes built-in wardrobes, while the second bedroom benefits from a Velux window.
Additional features include electric heating, double glazing, resident's parking and private front and rear gardens. Both are laid to lawn, offering outdoor space suitable for a variety of uses.
Situated within walking distance of Shirley High Street, the property is conveniently located near supermarkets, coffee shops, hairdressers, doctors' surgeries, and Southampton General Hospital.
Southampton Central train station and frequent bus routes provide easy access to the city centre.
This property is also offered with no forward chain, making it a great opportunity for buyers looking to secure a home in a well-connected and popular location and a viewing is highly recommended.
Hallway Living Room 13' 3" x 9' 7" ( 4.04m x 2.92m ) Kitchen/Dining Room 14' x 8' 7" ( 4.27m x 2.62m ) Stairs Leading To First Floor Landing Bedroom 1 13' 2" x 10' 3" ( 4.01m x 3.12m ) Has Built-In Storage Bedroom 2 7' 2" x 8' 2" ( 2.18m x 2.49m ) Has Skylight Bathroom 4' 8" x 7' ( 1.42m x 2.13m ) 1.
MONEY LAUNDERING REGULATIONS - Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2: These particulars do not constitute part or all of an offer or contract. 3: The measurements indicated are supplied for guidance only and as such must be considered incorrect.
4: Potential buyers are advised to recheck the measurements before committing to any expense.
5: Connells has not tested any apparatus, equipment, fixtures, fittings or services and it is the buyers interests to check the working condition of any appliances.
6: Connells has not sought to verify the legal title of the property and the buyers must obtain verification from their solicitor.
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

FAQ
About Paynes Road, Southampton
Explore nearby