38 Knightwood Road, Hythe, Southampton, SO45 6JL

Description

Vacant semi-detached bungalow, requiring refurbishment. The property comprises of a living room, kitchen, conservatory, shower room and 2 x bedrooms. Externally the property benefits from a private garden, driveway and a garage, which has been converted into a storeroom. The property has structural issues; further details are included within the legal pack.

Accommodation

Living Room - 4.9 x 3.2; Kitchen - 3.5 x 2.4; Conservatory - 4 x 2.7; Bedroom 1 - 3.7 x 3.5; Bedroom 2 - 2.7 x 2.5; Shower Room - 1.9 x 1.7; Store Room - 5.6 x 2.6; Total Floor Area - 62 sq.m (taken from the EPC)

Location

The property is located in an established residential area on the outskirts of Hythe. Local amenities in the village, including shops, restaurants and pubs, are within easy reach. Access to the passenger ferry from Hythe Pier to Southampton is within 1 mile of the property.

Tenure / Property Information

Tenure	Freehold
Occupancy	Vacant
EPC	D
Council Tax	Band C
Parking	Driveway and garage, converted into a storeroom

Investment Analysis

Same-road sold evidence ranges from £170,000 to £365,000, with the most recent relevant sale at £225,000. Given the subject property's structural issues and refurbishment requirement, £225,000 is used as a cautious base GDV, with the comparable sales forming a wide evidence range rather than a precise valuation.

Investment Snapshot

Guide Price	£165,000 (plus fees)
HB Estimated GDV	£225,000
Estimated Monthly Rent	£1,250 – £1,500 pcm
Estimated Annual Rent	£16,500 pa
Gross Yield on Guide	10%

Strategy Recommendation

Do not bid based solely on the guide. Review the legal pack and obtain a structural survey and refurbishment budget before considering a tightly controlled refurbishment or resale strategy.

Works Required

Full refurbishment scope cannot be quantified without the legal-pack structural information. Works should include investigation and remediation of the identified structural issues, followed by refurbishment of the accommodation as required.

Rental & Market Context

HB Estimated Market Rent

£1,250 – £1,500 pcm

Houses to rent in Walnut Avenue, SO18, Southampton — 2 bed — — Advertised asking rent	£1,250 pcm
Houses to rent in Pansy Road, SO16, Southampton — 2 bed — — Advertised asking rent	£1,500 pcm

Sold Comparables

The following completed sales were identified within approximately 5 miles:

20, Knightwood Road, Hythe, Southampton, New Forest, So45 6jl 2024-11-08 · Semi-Detached · Freehold	£365,000
26, Knightwood Road, Hythe, Southampton, New Forest, So45 6jl 2024-08-20 · Semi-Detached · Freehold	£225,000
30, Knightwood Road, Hythe, Southampton, New Forest, So45 6jl 2023-09-18 · Semi-Detached · Freehold	£170,000
28, Knightwood Road, Hythe, Southampton, New Forest, So45 6jl 2022-11-18 · Semi-Detached · Freehold	£285,000
32, Knightwood Road, Hythe, Southampton, New Forest, So45 6jl 2020-09-29 · Semi-Detached · Freehold	£255,000

Potential BRRR Position

Base GDV	£225,000
75% Refinance	£168,750

A BRRR assessment cannot be completed reliably because structural remediation and total refurbishment costs are not supplied. A 75% refinance against the £225,000 base GDV would provide an indicative £168,750, but cash left in cannot be calculated without total project cost.

Buy-to-Let Analysis

Advertised two-bedroom rents supplied range from £1,250 to £1,500 pcm, but both comparables are in different Southampton areas and are asking rents only. Indicative gross yield on the £165,000 guide is approximately 9.09%–10.91%, before fees, finance, voids, management and repairs. A reliable BTL assessment requires property-specific rental evidence and refurbishment costs.

Flip Analysis

The evidence indicates a broad potential resale range of £170,000–£365,000, with £225,000 adopted as base GDV. Flip surplus cannot be calculated because refurbishment, structural, resale and other completion costs are unknown.

Investor Risks & Due Diligence

• Structural issues are identified but their nature and remediation cost are not supplied.

• Refurbishment costs cannot be estimated from the available evidence.

• Additional legal, search, seller-cost, transfer and disbursement charges may apply.

• Rental evidence is from different areas and comprises asking rents only.

• The comparable sale range is wide, creating substantial GDV uncertainty.

Recommendation

Do not bid based solely on the guide. Review the legal pack and obtain a structural survey and refurbishment budget before considering a tightly controlled refurbishment or resale strategy.

Strategy Rating

HB Rating

★★☆☆☆

Analysis Confidence

Confidence

Low-Medium

There is useful same-road sold evidence, but structural details, refurbishment costs, property-specific rental evidence and several auction disbursements are unavailable.