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161 Woodmill Lane, Southampton

South East

£290,000Guide Price

Listed on 08/07/2026

Property details

Bedrooms
N/A
Type
Mixed Use

Description

This detached freehold property, previously utilized by R.C Payne Funeral Directors, spans a generous plot of approximately 0.14 hectares (0.34 acres). The main building features multiple office spaces on the ground floor, complete with a former kitchen and bathroom facilities. There are three access points including front and rear entrances, along with a side entry leading to the first-floor area that comprises a flat, which has not been occupied in several years and requires significant refurbishment. This flat includes a living room, two bedrooms, kitchen, and bathroom. The property’s layout suggests potential for conversion into residential accommodation on the ground floor as well, subject to obtaining necessary planning consents. Additionally, extensive garages at the rear present further development opportunities. Given its zoning and location within Southampton City Council's jurisdiction, this property is ideal for investors looking to capitalize on its renovation potential. Please note that three parking spaces have been sold under long leases which adds another layer of consideration for development plans.

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Investment analysis

(SO18 area)
Area Average
£321/sq ft
Avg Rent (weekly)
£275
Avg Yield
5.3%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£50,000 - £80,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
37
Average per month
Market Turnover
17%
Properties sold annually

Local Market Trend (SO18)

Area prices are rising by +6.0% over the last 12 months
3 year growth: +2.3%
5 year growth: +12.6%
Investment Disclaimer: Analysis based on SO18 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

161 Woodmill Lane, Southampton
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Mortgage calculator

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£
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years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£1,096
Based on a loan of £217,500 over 30 years at 4.45% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

Stamp duty calculator

This calculation uses non-residential (land/commercial) tax rates.

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