1-bedroom flat · SO40 3GG
For saleListed 27 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Hamwic Independent Estate Agents are pleased to present this well maintained one-bedroom ground floor flat, ideally positioned at the end of the popular Hawkers Close development, built around 2004.
Perfect for first-time buyers, the property offers off-road allocated parking, gas central heating, double glazed windows and is offered with no forward chain.
A fantastic opportunity to take your first step onto the property ladder. We highly recommend an internal viewing.
Front – open to the front, mainly laid to lawn, allocated off road parking space, bike store, communal gardens, communal front door with security intercom system and opening into the communal hallway.
Flat 3, can be found on the ground floor on the right.
Entrance Hall – textured ceiling, storage cupboard housing electric fuse board, radiator, lvt flooring and doors to; Bedroom – textured ceiling, double glazed window to the front aspect, radiator, built in wardrobe and carpet fitted.
Bathroom – textured ceiling, low level WC, wash basin, enclosed bath with shower screen and mixer shower above, lvt flooring. Radiator. Part tiled surrounds.
Lounge – textured ceiling, dual aspect double glazed windows, radiator x 2, carpet fitted and door into; Kitchen – textured ceiling, vinyl flooring and double glazed window.
Work surfaces with units to the base level with further matching eye level units, Integrated gas hob, electric oven beneath, sink unit, space and plumbing for washing machine and standing fridge/freezer.
Part tiled surrounds. Gas boiler wall hung at eye level linked to the central heating system. Tenure: Leasehold 99 years from 2004 – 76 Remaining Charges: Approx.
£115 p/mth including buildings insurance and maintenance Council Tax Band: A / nfdc Mains: Electricity, Gas, Water and Drainage Heating: Gas Central Heating Construction: Brick elevations under a tiled roof Broadband: Ultra-Fast broadband up to 1000 Mbps available.
(Ofcom)
Value & comps
No previous sales on record.
Returns
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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 23,Flat 3, Hawkers Close, Southampton
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