2-bedroom flat · SO15 5PA
For saleReduced £30k (−14.3%) on 21 JunListed 366 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
| *** ideal for ftb or investors *** | *** close proximity to train station *** | *** EPC band: C *** | *** one allocated parking space *** | *** communal back garden *** | *** chain free *** | Century21 Southampton are pleased to present this two double bedroom apartment in Banister Park.
Positioned on the ground floor level and benefiting from a lift service, the spacious hallway leads to a lovely open plan living, dining and kitchen space, ideal for practical modern living.
This space leads out through two sets of double doors to a spacious balcony facing the back aspect of the property.
Two double bedrooms are also provided, the master benefiting from a ensuite, and the family bathroom is also a good size.
There are also storage cupboards, communal gardens, one allocated parking space, double glazed windows and with tenants in situ this would make an ideal investment or first time buyer property, in an ever-popular location.
Measurements: Lounge [(4.78mx 3.61m) | (15’8’’ x 11’10’’] Kitchen [(2.74m x 2.50m) | (9’0’’ x 8’2’’) ] Master Bedroom [(4.82m x 3.24m) | (15’10’’ x 10’8’’)] Ensuite to Master Bedroom [(2.14m x 1.93m) | (7’0’’ x 6’4’’)] Second Bedroom [(3.27m x 3.02m) | (10’9’’ x 9’11’’)] Family Bathroom [(2.37m x 2.04m) | (7’9’’ x 6’8’’)] important information Tenure: Leasehold Lease: 133 Years (End Date: 01/12/2158) Seller’s position: Chain Free (Tenants in situ on a rolling contract) Council: Southampton City Council Council Tax Band: C EPC Band: C (Valid Until: 15/02/2032) Service charge: £2,747.52pa Ground rent: £200pa Property built: 2004 Bike Store: Yes Parking: Allocated parking for 1 car.
Gym: Communal gym for residents containing rowing machines, treadmill, free weights and resistance machines. Communal Gardens: Large lawned communal garden. Secure lockable bike storage.
Communal bin area. Disclaimer: 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.
There will be a charge of £40 inc of vat per person to carry out online aml check 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 however effort has been made to ensure correct measurement with minor error has been stated.
4: Potential buyers are advised to recheck the measurements before committing to any expense.
5: No apparatus, equipment, fixtures, fittings or services has been tested and it is the buyers interests to check the working condition of any appliances.
6: Century21 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
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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
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FAQ
About Flat 4, Rosida Gardens 23, Hill Lane, SOUTHAMPTON
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