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Heath Road, Locks Heath, Southampton, Hampshire, SO31 - Image 1
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Heath Road, Locks Heath, Southampton, Hampshire, SO31

South East

£350,000
Listed on 03/11/2025

Property Details

Bedrooms
3
Type
Detached house
Area
1210 sqft

Description

This semi-detached chalet bungalow presents a unique opportunity for renovation and investment in the desirable area of Locks Heath. With three bedrooms, a flexible layout includes a lounge/diner, kitchen, conservatory, and bathroom all located on the ground floor. The upper level features a spacious master bedroom complete with an en-suite bathroom and additional loft storage. While the property is in need of comprehensive renovation, it offers the potential to transform it into a personalized living space that meets modern expectations. Off-road parking adds convenience, making this home not just functional, but also appealing to future buyers or renters. Located just a short drive from Locks Heath Centre, residents will enjoy easy access to local shops, amenities, and transport links. This area is known for its community feel and accessibility, which can enhance the property's value following renovations. Ideal for builders or investors looking to capitalize on the area's growth potential, this property is an excellent canvas for those eager to bring their vision to life. Explore the possibilities this bungalow offers by scheduling a viewing today.

Investment Analysis

(SO31 area)

Below Market Value

This property is priced -24.3% below area average per sq ft

-24.3%
Potential saving
This Property
£289/sq ft
Area Average
£382/sq ft
Avg Rent (weekly)
£304
Avg Yield
3.7%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£60,000 - £90,000
Target Value
£508,908
10% above area average per sq ft
Potential ROI
+15.7%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
39
Average per month
Market Turnover
11%
Properties sold annually

Local Market Trend (SO31)

Area prices are stable by +1.5% over the last 12 months
3 year growth: -2.0%
5 year growth: 10.9%
Investment Disclaimer: Analysis based on SO31 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

Heath Road, Locks Heath, Southampton, Hampshire, SO31
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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
£1,282
Based on a loan of £262,500 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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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE