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See how verdicts work2-bedroom flat · SO16 5SA
Sold STCListed 1028 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
The Property *MODERN TWO BEDROOM FLAT IN SOUGHT AFTER LOCATION. PETS WELCOME* Purplebricks is pleased to offer this two-bedroom ground-floor flat located close to Southampton General Hospital.
Ideal for a first-time purchase or investment, the property comprises a good-size lounge/diner, a kitchen, two bedrooms and a shower room.
Further benefits include resident parking and communal gardens.
***Please click brochure button near the bottom of the Rightmove advert or visit the Purplebricks website to book a viewing 24 hours a day*** Location The flat is near Southampton General Hospital.
A short distance to Shirley High Street with its excellent range of local specialist shops, as well as Co-op, Lidl and a very large Sainbury's supermarket.
Also close by is a further Sainsbury's shopping centre. Locally is a full range of retail, dining and leisure outlets at West Quay.
Southampton Common and Sports Centre is also a short distance and is a haven for walkers, runners and nature lovers.
There are commuter routes with regular bus connections to all points of the city and its surrounding areas. There are further excellent transport links to the M3/M27 and Southampton Airport.
Southampton Central train station is also within walking distance with regular fast trains to London in 1 hour 20 minutes.
General Information Further Information: Tenure: Leasehold Council: Southampton City Council Council Tax: B Infant School: Sinclair Primary and Nursery School Junior School: Sinclair Primary and Nursery School Secondary: Oasis Academy Lord’s Hill Heating: Electric Central Heating + Cavity Wall Insulation Windows: Double Glazed Excellent management company that is very proactive.
Block well maintained.
Reserve fund is in place for repairs and maintenance Cleaners for the communal area twice a month in place Gardeners contract once or twice a month in place Reliable and prompt handyman available for repairs Good security measures for the block are in place A shed is included in the sale for extra storage space Pets are allowed with provisos Viewing: By Appointment Only ***Please click brochure button near the bottom of the Rightmove advert or visit the Purplebricks website to book a viewing 24 hours a day*** Service Charges Lease remaining - 971 years - Service charge £1444 per Year - NO Ground Rent **ALL ABOVE INFORMATION PROVIDED BY THE CURRENT OWNERS** Property ownership information Ground rent review period: No review period Service charge review period: No review period Lease end date: 28/06/2994 Property Description Disclaimer This is a general description of the property only, and is not intended to constitute part of an offer or contract.
It has been verified by the seller(s), unless marked as 'draft'.
Purplebricks conducts some valuations online and some of our customers prepare their own property descriptions, so if you decide to proceed with a viewing or an offer, please note this information may have been provided solely by the vendor, and we may not have been able to visit the property to confirm it.
If you require clarification on any point then please contact us, especially if you’re traveling some distance to view.
All information should be checked by your solicitor prior to exchange of contracts. Successful buyers will be required to complete anti-money laundering and proof of funds checks.
Our partner, Lifetime Legal Limited, will carry out the initial checks on our behalf. The current non-refundable cost is £80 inc. VAT per offer.
You’ll need to pay this to Lifetime Legal and complete all checks before we can issue a memorandum of sale.
The cost includes obtaining relevant data and any manual checks and monitoring which might be required, and includes a range of benefits.
Purplebricks will receive some of the fee taken by Lifetime Legal to compensate for its role in providing these checks.
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
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
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 Chelveston Crescent, Southampton, SO16
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