27 Wilton Avenue, Southampton, Hampshire, SO15 2HA

Description

Three/four bedroom three reception mid terrace house. Requiring complete refurbishment throughout. Ideally placed for City Centre & Bedford Place area. The four bedroom three reception mid terrace house requires refurbishment and modernisation throughout.

Accommodation

Ground Floor: Entrance Hallway with Stairs to First Floor, Lounge, Dining Room, Breakfast Room, Kitchen, Cloakroom/WC. First Floor: Landing, Bedroom One, Bedroom Two, Bathroom, Bedroom Three leading to Bedroom Four. Outside: Forecourt garden to front and garden to rear.

Location

Situated in the popular Polygon area of Southampton, within walking distance of a good range of local shops, cafes and bars found in Bedford Place. Southampton City Centre is nearby offering a comprehensive range of shopping, leisure and dining facilities, along with Southampton mainline train station offering direct links to London Waterloo and surrounding areas.

Tenure / Property Information

Investment Analysis

The two most recent same-street completed sales were £325,000 and £335,000 in 2019. They provide an indicative post-refurbishment evidence range, but are dated and do not establish current value or confirm comparable condition. A base GDV of £330,000 is used cautiously, with a £325,000–£335,000 scenario range.

Investment Snapshot

Strategy Recommendation

Treat as a refurbishment-led project rather than relying on the headline BTL yield. Obtain a full schedule and costed quote for the complete refurbishment, verify achievable rent and investigate special conditions and seller fees before bidding.

Works Required

Complete refurbishment and modernisation throughout, as described by the auctioneer. The evidence does not specify individual defects, systems, finishes or required compliance works, so a reliable cost allowance cannot be established.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

At the indicative £330,000 GDV, 75% refinance is £247,500. However, refurbishment costs, total project cost and any additional seller fees are unknown, so cash left in and the viability of refinancing cannot be calculated. The dated comparables also make the GDV uncertain.

Buy-to-Let Analysis

The only rental evidence is a £2,875 pcm advertised asking rent, not an achieved or guaranteed rent. This equates to £34,500 annually and a 17.25% gross yield against the £200,000 guide before refurbishment, finance, operating costs, voids and fees. The apparent yield is not decision-grade until refurbishment requirements and achievable rent are verified.

Flip Analysis

The indicative post-refurbishment GDV is £330,000, based mainly on same-street 2019 sales of £325,000 and £335,000. A flip surplus cannot be calculated because no supported refurbishment cost or selling allowance is provided. The £1,800 inclusive VAT contract documentation fee is known, while further seller fees may apply.

Investor Risks & Due Diligence

• Complete refurbishment and modernisation are required, but no costed scope or works estimate is supplied.

• The GDV evidence is based on 2019 completed sales and may not represent current market value.

• The £2,875 pcm figure is an advertised asking rent rather than achieved or passing rent.

• EPC, heating and parking information are unconfirmed.

• Additional seller fees may be payable under the special conditions of sale.

• Finance costs, operating costs, voids, taxes and selling costs are not supplied.

Recommendation

Treat as a refurbishment-led project rather than relying on the headline BTL yield. Obtain a full schedule and costed quote for the complete refurbishment, verify achievable rent and investigate special conditions and seller fees before bidding.

Strategy Rating

Analysis Confidence

The property description, tenure, guide, buyer documentation fee, one advertised rent and same-street completed sales are supplied, but the sales are dated, EPC and services are unconfirmed, refurbishment costs are absent, and additional fees may apply.