279 Northumberland Road, Southampton, Hampshire, SO14 0EL

Description

Detached two storey property arranged as five flats: 1 x 1 bedroom flat and four studio flats, with individual services. Planning granted for conversion into 2 x 2 bedroom houses.

Accommodation

Ground Floor: Entrance Hallway with stairs to first floor. Flat A – Kitchen/Lounge, Bedroom, Shower Room. Flat B – Lounge/Bedroom, Kitchen, Shower Room. First Floor: Landing. Flat C – Lounge/Bedroom, Kitchen, Shower Room. Flat D – Lounge/Bedroom, Kitchen, Shower Room. Flat E – Lounge/Bedroom, Kitchen, Shower Room, Balcony. Outside: Courtyard area to rear.

Location

Situated close to Southampton City Centre and Royal South Hants Hospital, with local amenities nearby. Nearby transport links include St Denys railway station and regular bus services. Easy access to the M27 and M3.

Tenure / Property Information

Investment Analysis

The £250,000 guide is the only price evidence supplied. No completed sales, external valuation, flat-by-flat rental evidence or auctioneer rent estimate is available, so GDV, market value and investment returns cannot be reliably established. The property is fully let and has planning granted for conversion into two two-bedroom houses, but no conversion cost, planning-condition detail or resale evidence is provided.

Investment Snapshot

Strategy Recommendation

Do not commit to a bid based solely on the guide. First obtain the tenancy and rent schedule, special conditions, planning documents and conditions, building/compliance information, service-charge or utility details, and independent conversion and resale appraisals. Consider the property only after establishing a supported value and full project cost.

Works Required

Obtain and review the planning permission and conditions for the proposed conversion into two two-bedroom houses. Any required conversion, compliance, service, fire-safety, access or reconfiguration works remain unquantified because no condition survey, specification or cost evidence is supplied. Confirm the existing five-flat letting arrangements and services before proceeding.

Rental & Market Context

Potential BRRR Position

A BRRR assessment is not supportable without a GDV, verified rent, conversion/refurbishment budget and finance assumptions. The proposed two-house planning consent may create a different end value from the existing five-flat arrangement, but no evidence is supplied to quantify that value or the works required. The £1,800 buyer administration charge is known; additional seller fees and planning costs are not quantified.

Buy-to-Let Analysis

BTL returns cannot be calculated because no passing rents, rent schedule or sufficiently specific rental comparables are supplied. The property is stated to be fully let, but occupancy alone does not establish income or yield. Buyer costs include the £1,800 inclusive-of-VAT contract documentation fee, with possible additional seller charges unknown.

Flip Analysis

A flip surplus cannot be calculated because there are no completed comparables, GDV evidence, works budget or supported selling-cost allowance. The planning permission and existing five-flat configuration require detailed legal, planning and technical review before any resale appraisal.

Investor Risks & Due Diligence

• No verified passing rent or rental comparables are supplied, preventing yield analysis.

• No completed sales or valuation evidence is supplied for either the existing five-flat arrangement or the proposed two houses.

• Conversion and compliance costs are unquantified.

• Planning costs and any planning conditions are not provided.

• Additional seller fees under the special conditions are unknown.

• The existing fully let occupation may require review before implementing the proposed conversion.

Recommendation

Do not commit to a bid based solely on the guide. First obtain the tenancy and rent schedule, special conditions, planning documents and conditions, building/compliance information, service-charge or utility details, and independent conversion and resale appraisals. Consider the property only after establishing a supported value and full project cost.

Strategy Rating

Analysis Confidence

The evidence confirms tenure, occupancy, accommodation, planning status and one known buyer charge, but provides no rents, comparables, GDV, works costs, seller fees or detailed planning conditions.