66, Park Road, SOUTHAMPTON, Hampshire, SO15 3DE

Description

Substantial accommodation with potential. Requiring complete refurbishment throughout. This substantial semi-detached former coach house dates back to around the 1850s and comprises substantial accommodation, offering 3/4 bedrooms on the first floor and two reception rooms on the ground floor together with a garage. The property requires a programme of complete refurbishment, whilst offering various potential to reconfigure the accommodation layout and to integrate the garage into the residential accommodation, subject to required consents.

Accommodation

Ground Floor: Entrance Hallway, Stairs to First Floor, Lounge, Dining Room, Kitchen. First Floor: Landing, Bedroom One, Bedroom Two, Inner Room (Bedroom Four), Bathroom, Bedroom Three. Outside: Front garden with driveway providing off-road parking leading to garage/coach way, with substantial garden to rear.

Location

The property can be found in the Freemantle area and is well placed for local amenities available in the nearby Shirley High Street, together with convenient access to Southampton City Centre. Public transport links include regular bus services in the local area along with Southampton mainline train station located just over half a mile away.

Tenure / Property Information

Investment Analysis

The evidence does not support a current GDV. The only sold comparables are historic: £150,000 for 62A Park Road in October 2014 and £130,000 for 62 Park Road in May 2003. These cannot be reliably adjusted to value this substantially refurbished former coach house in October 2026. The £140,000 guide is not a formal valuation.

Investment Snapshot

Strategy Recommendation

Do not bid on the current evidence. Obtain a detailed refurbishment survey, current local valuation, planning/consent advice and the Special Conditions of Sale before considering a refurbishment-led purchase.

Works Required

Complete refurbishment throughout, based on the auction description. Layout reconfiguration and integration of the garage into residential accommodation may be possible, but are subject to required consents. No specific repair schedule, EPC, heating information or refurbishment costings are supplied.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

A BRRR assessment cannot be completed because no supported GDV or refurbishment budget is available. The known acquisition cost would be the bid price plus the £1,800 inclusive-of-VAT contract documentation fee, with possible additional seller fees under the Special Conditions of Sale. Refinance proceeds cannot be calculated without a supported GDV.

Buy-to-Let Analysis

The only rental evidence is an advertised, unachieved asking rent of £430 pcm for a four-bedroom house in Upper Shirley Avenue, SO15. Applied to the £140,000 guide, this indicates a gross yield of approximately 3.69% before refurbishment, finance, management, maintenance, voids and other costs. A reliable post-refurbishment rent cannot be established from the supplied evidence.

Flip Analysis

A flip surplus cannot be calculated because there is no current GDV, refurbishment budget or supported selling-cost allowance. The property requires complete refurbishment, and any garage-to-residential conversion or layout changes may require consents.

Investor Risks & Due Diligence

• Complete refurbishment is required, but no costed schedule or condition survey is supplied.

• Reconfiguration and integration of the garage are subject to required consents.

• EPC and heating information are stated as to be confirmed.

• The sole rental evidence is an advertised asking rent and is from a different street.

• Additional seller fees may be payable under the Special Conditions of Sale.

• Occupancy information is not supplied.

• The available sold comparables are historic and insufficient for a current valuation.

Recommendation

Do not bid on the current evidence. Obtain a detailed refurbishment survey, current local valuation, planning/consent advice and the Special Conditions of Sale before considering a refurbishment-led purchase.

Strategy Rating

Analysis Confidence

Current valuation evidence, refurbishment costs, EPC, heating, occupancy, post-works rent and potential seller fees are unavailable. Rental evidence is a single advertised asking rent rather than an achieved rent.