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Thirlmere Road, Southampton, SO16

South East

£245,000
Listed on 10/01/2026

Property Details

Bedrooms
3
Type
Terraced house
Area
1098 sqft

Description

This three-bedroom property presents a substantial opportunity for renovation and investment, set within a desirable residential area. With two generously-sized double bedrooms and a single bedroom, the layout includes a spacious living room and an expansive open-plan kitchen/dining/living area, which are ripe for modernisation. A first-floor family bathroom, utility room, and ground floor W.C. offer practical amenities that could benefit from updates. The well-maintained garden extends the property's appeal outdoors, providing additional space for enhancement or personalisation. Located conveniently close to local amenities, transportation options, and within a solid school catchment area, this home is particularly advantageous for families or investors looking to add value. With no onward chain, potential buyers have the flexibility to explore their creative vision in transforming this property into their ideal living space.

Investment Analysis

(SO16 area)

Below Market Value

This property is priced -30.7% below area average per sq ft

-30.7%
Potential saving
This Property
£223/sq ft
Area Average
£322/sq ft
Avg Rent (weekly)
£319
Avg Yield
5.5%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£388,791
10% above area average per sq ft
Potential ROI
+36.4%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
41
Average per month
Market Turnover
26%
Properties sold annually

Local Market Trend (SO16)

Area prices are stable by +0.6% over the last 12 months
3 year growth: -2.0%
5 year growth: 13.6%
Investment Disclaimer: Analysis based on SO16 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

Thirlmere Road, Southampton, SO16
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£897
Based on a loan of £183,750 over 30 years at 4.19% 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.

Next Steps

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