27 Meadow Lane (& Parking Space), Southampton, Hampshire, SO31 4RB

Description

Freehold mid terrace house

Accommodation

Second floor: Principal bedroom with en-suite. First floor: Two bedrooms with en-suite. Ground floor: Reception room, kitchen/breakfast room, cloakroom/wc. Outside: Allocated parking, garage.

Location

The property is located on Meadow Lane. Hamble provides village amenities with a more comprehensive range of shops, bars and restaurants found within Southampton City Centre lying to the north east. Public transport links are available at Hamble Train Station along with a network of local bus services serving the surrounding areas. The property is served by road links including the M27 located to the north east. Recreational pursuits can be found at Hamble Common and Hamble Common Beach lying to the south.

Tenure / Property Information

Investment Analysis

The supplied evidence includes two more recent same-street freehold terraced sales at £325,000 in 2021 and £372,500 in 2022, plus older sales between £249,000 and £302,500. A base GDV of £348,750 is used as the midpoint of the two more recent sales, with a £325,000–£372,500 evidence-supported scenario range. This is indicative only because bedroom count, floor area, condition and sale comparability are not provided.

Investment Snapshot

Strategy Recommendation

Do not bid on the current evidence alone. Obtain a full inspection, rental appraisal and the Special Conditions of Sale before considering a purchase; the same-street sales provide potential value support but are insufficient for a firm investment case.

Works Required

No refurbishment works are evidenced. The property is described as a three-bedroom house with EPC C, en-suites, parking and a garage. Inspection and legal review are required before allowing for any works.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

At the indicative base GDV, 75% refinance is approximately £261,563. Total project cost cannot be established because refurbishment costs, finance costs and any seller fees are unsupported. Consequently, cash left in and BRRR viability cannot be calculated reliably.

Buy-to-Let Analysis

BTL assessment cannot be completed because no sufficiently specific rental evidence or auctioneer rent estimate is supplied. The £1,800 inclusive-of-VAT buyer/admin charge is known, while any seller-charged completion fees remain unspecified.

Flip Analysis

The guide is £275,000 and the indicative base GDV is £348,750, but refurbishment costs, selling costs and any seller completion fees are unknown. A reliable flip surplus and maximum bid cannot therefore be calculated.

Investor Risks & Due Diligence

• No sufficiently specific rental evidence or auctioneer rent estimate is supplied.

• Property condition and any required refurbishment are not evidenced.

• The comparables are from different dates and their bedroom count, floor area and condition are not provided.

• The seller may charge additional completion fees under the Special Conditions of Sale.

• A reliable yield, total project cost, maximum bid and flip surplus cannot be calculated from the supplied evidence.

Recommendation

Do not bid on the current evidence alone. Obtain a full inspection, rental appraisal and the Special Conditions of Sale before considering a purchase; the same-street sales provide potential value support but are insufficient for a firm investment case.

Strategy Rating

Analysis Confidence

Same-street completed-sale evidence is available, but the comparables lack detailed specification and there is no rental evidence, condition assessment, floor area, refurbishment budget or complete fee schedule.