1-bedroom flat · SO17 2LH
For saleListed 51 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Situated on the top floor of Nelric House in St Denys, this one-bedroom apartment is offered with a separate kitchen, private balcony and no onward chain, subject to confirmation of the seller’s position.
The accommodation comprises an entrance hall, separate living room, fitted kitchen, one double bedroom and a bathroom with bath and shower over.
The living room and bedroom both include built-in storage, while the kitchen provides a range of fitted wall and base units with space for appliances.
The apartment also benefits from a private balcony accessed from the bathroom and partially boarded loft space.
The property was previously rented for £875pcm and could achieve £900pcm in the current market.
Nelric House is approximately 0.3 miles from St Denys railway station, with local shops and amenities available around St Denys, Portswood and Bitterne Park.
St Denys Primary School is approximately 0.1 miles away, while the shops and services of Portswood Road are within approximately 0.4 miles.
Material Information - Southampton Tenure Type; Leasehold Leasehold Years remaining on lease; 103 years Approx Leasehold Annual Service Charge Amount £1,134P.A Approx Leasehold Ground Rent Amount Fixed at £250P.A with no review period Council Tax Banding; A Aml Agents are required by law to conduct anti-money laundering checks on all those buying a property.
We outsource the initial checks to partner suppliers Coadjute who will contact you once you have had an offer accepted on a property you wish to buy.
The cost of these checks is £54 inc vat per person. This is a non-refundable fee. These charges cover the cost of obtaining relevant data, any manual checks and monitoring which might be required.
This fee will need to be paid and the checks completed in advance of the office issuing a memorandum of sale on the property you would like to buy.
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 Flat 11, Nelric House, Kent Road, Southampton
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