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Park Road, Southampton

South East

£130,000
Listed on 06/10/2025

Property Details

Bedrooms
1
Type
Flat
Area
420 sqft

Description

This one-bedroom flat, located on the first floor of a purpose-built block, presents an excellent opportunity for renovation and investment. With lift access and no forward chain, this property is ready for immediate occupancy, making it an appealing option for both investors and individuals seeking their first home or a more manageable living space. One of the standout features of this flat is its long lease, with 147 years remaining and minimal ground rent, which adds significant value and stability for future owners. Recent updates include newly replaced windows and an upgraded consumer unit, offering a solid foundation to build upon. The open-plan living area serves as a versatile space suitable for both relaxation and dining. It benefits from ample natural light, enhancing its welcoming ambiance. The kitchen area, while in need of modernization, offers substantial potential with its breakfast bar setup and sufficient storage options. This could easily transform into a vibrant cooking and entertaining space with some thoughtful upgrades. The generously sized double bedroom provides enough room for wardrobes and additional furnishings, ensuring comfortable living quarters. The bathroom features essential amenities including a panel-enclosed bathtub, hand basin, and WC. A convenient storage cupboard in the hallway is an added bonus for stowing away everyday items. Positioned in a highly accessible location, this flat is ideal for commuters and city dwellers alike. Just a short stroll from Southampton Central Train Station, residents have direct links to London and the South Coast—perfect for professionals who travel frequently. Southampton City Centre is also nearby, offering a diverse range of shops, dining options, cultural experiences including Westquay Shopping Centre, as well as local amenities available on Shirley High Street. Furthermore, Freemantle's excellent connectivity via road networks such as the M27 and M3 allows easy commuting by car. The area is also serviced by various bus routes and cycle paths, enhancing mobility options. Overall, this property not only holds immediate residential appeal but also significant investment potential given its desirable location and renovation possibilities.

Investment Analysis

(SO15 area)

Above Market Value

This property is priced +3.5% above area average per sq ft

+3.5%
This Property
£310/sq ft
Area Average
£299/sq ft
Avg Rent (weekly)
£259
Avg Yield
5.7%

Renovation Potential

Est. Renovation Cost
£13,000 - £32,500
10-25% of property value
Target Value
£138,207
10% above area average per sq ft
Potential ROI
-14.9%
After renovation
Monthly Sales
24
Average per month
Market Turnover
36%
Properties sold annually

Local Market Trend (SO15)

Area prices are rising by +4.3% over the last 12 months
3 year growth: 7.0%
5 year growth: 20.7%
Investment Disclaimer: Analysis based on SO15 area averages and may not reflect property-specific factors like condition, exact location, or unique features. 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

Park Road, Southampton
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