6 Carpathia Drive, Southampton, City of Southampton, SO14 3GU

Description

Leasehold third floor apartment within a purpose built block of apartments comprising living room, kitchen, 2 bedrooms (1 en-suite) and a bathroom. The property benefits from communal gardens and secure bicycle storage.

Accommodation

Living Room - 5.08 x 4.21; Kitchen - 2.75 x 2.97; Bedroom 1 - 3.77 x 2.86; En-suite - 2.43 x 4.42; Bedroom 2 - 3.11 x 3.90; Bathroom - 2.43 x 4.42; Total Floor Area - 69.59 sq.m.

Location

Situated close to Southampton town centre, with local shopping facilities, coffee shops, cafes and restaurants. Southampton train station is approximately 1.6 miles from the property. Location Pin (What3Words): tones.stump.short

Tenure / Property Information

Investment Analysis

The five supplied same-road leasehold flat sales range from £100,000 to £140,000, averaging £122,200. The most recent sale was £125,000 on 29 June 2026. A base GDV of £125,000 is adopted, with a broad evidence-supported range of £100,000–£140,000. The subject’s condition, service charge, parking position and exact comparability to the sold flats are not evidenced.

Investment Snapshot

Strategy Recommendation

Potential BTL at the guide price, subject to confirming achieved rent, service charge, ground-rent terms, lease documentation and all auction costs. BRRR is marginal; avoid relying on the refinance surplus without lender and valuation confirmation.

Works Required

No specific refurbishment works are evidenced. Allowance should be made for inspection, legal review and any works identified during viewing, but no supported works budget can be provided.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

At the guide and using only the known buyer and admin charges, total cost is £93,310 before any works or other auction costs. A 75% refinance of the £125,000 base GDV is £93,750, leaving an indicative £440 surplus before finance, tax, valuation, lender and other costs. The refinance case is therefore marginal and could be materially weakened by service charge, ground rent, other auction charges or a lower valuation.

Buy-to-Let Analysis

At the £90,000 guide, the advertised asking rent of £1,200 pcm implies £14,400 annual gross rent and a 16.00% gross yield. Including the £1,560 buyer premium and £1,750 minimum admin charge, the gross yield is 15.43% on known acquisition costs. This is not a net yield because service charge, current ground rent, finance, insurance, maintenance, voids and other charges are not supplied. The rent is advertised, not achieved.

Flip Analysis

The base GDV is estimated at £125,000 against known guide-price acquisition costs of £93,310. However, no supported refurbishment budget, selling costs, finance costs or other project costs are available. A reliable flip surplus cannot therefore be calculated.

Investor Risks & Due Diligence

• Leasehold ownership with ground rent escalating in accordance with RPI; current ground rent is not supplied.

• Service charge and any major-works liability are not supplied.

• The £1,200 pcm figure is an advertised asking rent rather than achieved or passing rent.

• No parking provision is stated.

• Other auction charges may apply, including searches, sellers’ costs, legal fees and transfer fees.

• Property condition and any refurbishment requirement are not evidenced.

• The 75% GDV refinance leaves only an indicative £440 surplus before finance, tax, valuation and other costs.

Recommendation

Potential BTL at the guide price, subject to confirming achieved rent, service charge, ground-rent terms, lease documentation and all auction costs. BRRR is marginal; avoid relying on the refinance surplus without lender and valuation confirmation.

Strategy Rating

Analysis Confidence

Same-road completed sales and one advertised rental are available, but condition, service charge, current ground rent, achieved rent, parking, selling costs and other auction charges are not evidenced.