2-bedroom flat · SO18 1EH
Sold STCListed 180 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Welcome to Vespasian Court! Situated in a waterside location is this purpose built two bedroom flat with allocated parking and SOLD WITH NO FORWARD CHAIN!
Boasting an easy commute into Southampton City Centre, the property would make an ideal buy to let investment with an estimated rental income of £1,250pcm (based on current market conditions) or a the perfect first time stepping stone.
Neutrally decorated throughout, the property consists of entrance hallway flowing through to a substantial lounge diner, with access to a modern fitted kitchen.
Both bedrooms are double rooms with the master bedroom benefiting an en suite shower room. Main bathroom and fitted storage.
Additional services include a secure entry system, full double glazing and situated in a peaceful no through road. Approach : Secure entry buzzer system, stairs up to first floor.
Entrance : Smooth and coved ceiling, storage cupboard, airing cupboard, doors to: Lounge/Diner 17' 1" (5.21m) x 13' 9" (4.19m) min:: Smooth and coved ceiling, double glazed window to rear aspect, electric heaters, open to: Kitchen 8' 4" (2.54m) x 5' 9" (1.75m):: Smooth and coved ceiling with spotlight inset, range of matching wall, base and drawer units with rolled edge work surface over, stainless steel sink and drainer inset, integral electric oven and hob with extractor fan over, integral washing machine, space for fridge/freezer.
Master Bedroom 17' 7" (5.36m) x 10' 7" (3.23m):: Smooth and coved ceiling, double glazed window to rear aspect, fitted wardrobe space, electric heater, door to: Ensuite : Smooth and coved ceiling with spotlight inset, suite comprising of shower cubicle with mains fed shower over, low level WC, hand wash basin, tiling to principle areas.
Bedroom Two 13' (3.96m) x 8' 2" (2.49m):: Smooth and coved ceiling, double glazed window to rear aspect, electric heater.
Bathroom : Smooth and coved ceiling with spotlight inset, suite comprising panel enclosed bath with shower over, low level WC, hand wash basin, tiling to principle areas.
Parking : One allocated parking space.
We are advised by the vendor the lease details are as follows: 125 year lease from 2005 Maintenance/Service Charge - £142.25 per month Ground Rent - £175 per annum.
Services Mains Electricity Mains Water Mains Drainage Please Note: Field Palmer have not tested any of the services or appliances at this property.
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
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