2-bedroom flat · SO17 2NU
For saleListed 68 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
75% Shared Ownership – No Rent Payable on Remaining Share Ideally situated in a sought-after location close to the river, this is an excellent opportunity for first-time buyers looking to take their first step onto the property ladder.
This is a well-presented two-bedroom, top-floor apartment, with the significant advantage of no rent to pay on the remaining 25% share The accommodation comprises two spacious double bedrooms, a fitted kitchen, a bright and comfortable living area, and a modern family bathroom.
Additional benefits include electric heating, double glazing throughout, and an allocated parking space.
This purpose-built property is in a great location, a short walk across the bridge from the scenic area of Bitterne Park with numerous independent cafes, eateries and shops.
Tenure type: Leasehold Shared Ownership: 75% share for sale Rent on Remaining Share: £0.00 (No rent payable on the remaining 25% share) Lease Remaining: Approximately 101 years Ground Rent: £50 per annum Service Charge: Approximately £2,004 per annum Council Tax Band: B EPC Rating: D Parking: One allocated parking space Material Information - Southampton Tenure Type; Leasehold Shared Ownership: 75% share for sale Rent on Remaining Share: £0.00 (No rent payable on the remaining 25% share) Lease Remaining: Approximately 101 years Ground Rent: £50 per annum Service Charge: Approximately £2,004 per annum Council Tax Band: B EPC Rating: D Parking: One allocated parking space 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 5, 18, Priory Avenue, Southampton
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