203 Hinkler Road, Southampton, Hampshire

Description

Two bedroom end of terrace property requiring complete refurbishment throughout. Once modernised, it would make an ideal investment or family home purchase.

Accommodation

Ground Floor: Entrance Porch, Entrance Hallway with Stairs to First Floor, Lounge, Kitchen. First Floor: Landing, Bedroom One, Bedroom Two, Bathroom. Outside: Front and rear gardens along with driveway to front.

Location

The property can be found in the Thornhill area, located on the easterly outskirts of Southampton, with access to nearby supermarkets and amenities, travel network routes and connections. Southampton City Centre is approximately 5 miles away and offers shopping, leisure and dining facilities.

Tenure / Property Information

Investment Analysis

The strongest evidence is the same-road completed sale of 217 Hinkler Road for £240,000 on 29 July 2026. Older same-road sales range from £110,500 to £180,000 but are dated 2004–2017 and are less relevant. A base GDV of £240,000 is used cautiously, subject to condition, size and specification differences and the fact that only one recent comparable is supplied. No supported low/high GDV range can be established.

Investment Snapshot

Strategy Recommendation

Potential refurbishment-led BTL or resale, but do not set a maximum bid until a full survey, refurbishment quotations, legal special conditions and funding costs are available.

Works Required

Complete refurbishment throughout, as stated in the description. The evidence does not specify individual defects, services, finishes or required costs, so a detailed works schedule and contractor quotations are required before bidding.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

Using the cautious £240,000 base GDV, 75% of GDV is £180,000. However, the complete-refurbishment cost is unknown, so total project cost, equity requirement and cash left in cannot be calculated. Refinance feasibility depends on the post-works valuation, lender terms and the property meeting lending requirements.

Buy-to-Let Analysis

The supplied rental evidence is one advertised asking rent of £1,350 pcm, equivalent to £16,200 annually. This produces a 12.96% gross yield against the £125,000 guide price, before refurbishment, finance, operating costs, vacancy and taxes. Yield on total project cost cannot be established because no refurbishment allowance is supplied. The rent is asking evidence, not an achieved or passing rent.

Flip Analysis

The supplied base GDV is £240,000, supported primarily by one same-road sale. A flip surplus cannot be calculated because refurbishment cost and any applicable selling costs are not supplied. The project should not be underwritten from the apparent guide-to-GDV margin alone.

Investor Risks & Due Diligence

• Complete refurbishment is required, but no quantified works budget is supplied.

• GDV relies mainly on one recent same-road comparable with potentially different condition, size or specification.

• The £1,350 pcm figure is an advertised asking rent rather than achieved or passing rent.

• EPC is marked TBC and heating information is unavailable.

• Parking details require confirmation.

• The seller may charge additional completion fees under the special conditions.

• Finance, vacancy, operating costs and taxation are excluded from the guide-price yield.

Recommendation

Potential refurbishment-led BTL or resale, but do not set a maximum bid until a full survey, refurbishment quotations, legal special conditions and funding costs are available.

Strategy Rating

Analysis Confidence

A recent same-road completed sale and one advertised rental are available, but there is no refurbishment cost, detailed condition report, EPC, heating information, parking confirmation, selling-cost allowance or complete fee schedule.