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53 Neva Road, SO18

South East

£150,000
Listed on 18/11/2025

Property Details

Bedrooms
2
Type
Flat
Area
678 sqft

Description

Located in the desirable area of Bitterne Park, this two-bedroom flat offers a promising opportunity for those interested in renovation and investment. Spanning 678 square feet, the layout is both practical and spacious, providing a solid foundation for creating a personalized living space. The flat features two well-proportioned double bedrooms, suitable for a variety of lifestyles including couples, roommates, or small families. A modern family bathroom adds to the convenience, while the large reception room serves as a flexible area for relaxation or entertaining. The kitchen is functional and equipped for everyday use; however, there is potential for updates that could enhance its appeal further. This property presents an ideal canvas for buyers looking to implement their design vision and increase value over time. Situated in a tranquil residential neighborhood, the location offers easy on-road parking and proximity to local amenities. Bitterne Park is celebrated for its strong community atmosphere and access to excellent schools. Outdoor enthusiasts will appreciate the nearby Riverside Park, which provides scenic walking paths along the river and ample green space for leisure activities. Additionally, the Woodmill Activity Centre caters to those who enjoy active pursuits such as water sports. The area boasts several dining options, including The Butchers Hook Alehouse—a cozy local pub perfect for social gatherings. Southampton's vibrant city life is also within reach, offering an abundance of shops, restaurants, cafes, and cultural venues. With its favorable location and renovation potential, this flat stands out as an attractive option for buyers wanting to invest in a property with room for improvement. Schedule a viewing today to explore the possibilities this home has to offer.

Investment Analysis

(SO18 area)

Below Market Value

This property is priced -30.5% below area average per sq ft

-30.5%
Potential saving
This Property
£221/sq ft
Area Average
£318/sq ft
Avg Rent (weekly)
£268
Avg Yield
5.0%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £30,000
Target Value
£237,351
10% above area average per sq ft
Potential ROI
+31.9%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
31
Average per month
Market Turnover
19%
Properties sold annually

Local Market Trend (SO18)

Area prices are stable by +0.5% over the last 12 months
3 year growth: -1.9%
5 year growth: 13.4%
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

53 Neva Road, SO18
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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
£549
Based on a loan of £112,500 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.

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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE