Flat 3, Bourne Place, 4, Archers Road, Southampton, Hampshire

Description

Upon Instruction of AMG. Leasehold ground floor flat.

Accommodation

Principal bedroom with ensuite shower room, one further bedroom, reception room, kitchen, bathroom/wc

Location

The property is located on Archers Road. Shopping amenities can be found locally within Southampton City Centre. Public transport links are available at Southampton Central Train Station to the south west and St Denys Train Station to the north east along with a network of local bus services serving the surrounding areas. The property is served by road links including the A33 to the east. Recreational pursuits can be found at Rockstone Place Park to the south.

Tenure / Property Information

Investment Analysis

Recent Land Registry evidence includes £152,000 and £155,000 sales at or near Archers Road/Bourne Place in 2023–2024. Higher sales of £220,000 in 2023 and £275,000 in 2022 are materially above the recent evidence, but the supplied data does not confirm their size, condition, specification or exact comparability. A cautious base GDV of £155,000 is therefore used, with £152,000 low and £220,000 high scenarios. The £110,000 guide is below the recent comparable prices, but service charge, ground rent, parking, heating, condition and any seller fees remain unconfirmed.

Investment Snapshot

Strategy Recommendation

Proceed only subject to satisfactory legal-pack, lease, service-charge, ground-rent and inspection due diligence. The guide-to-comparable discount is potentially attractive, but absent rent and cost evidence prevents a reliable BTL, BRRR or flip decision.

Works Required

No specific defects or refurbishment requirements are evidenced. Obtain inspection and legal-pack information before budgeting for works; verify service charge, ground rent, parking, heating and lease obligations.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

At the £110,000 guide, the known contract documentation fee is £1,800, before any works, seller fees, service charge or ground rent. A 75% refinance against the cautious £155,000 base GDV would be approximately £116,250, but total project cost and refinance feasibility cannot be established without refurbishment, legal and holding-cost information.

Buy-to-Let Analysis

BTL assessment cannot be completed because no sufficiently specific rental evidence or auctioneer rent estimate is supplied. Passing rent, achievable rent, service charge, ground rent, management, financing and compliance costs are unknown, so yield and cash flow cannot be established.

Flip Analysis

The guide is £45,000 below the cautious £155,000 base GDV before the £1,800 documentation fee and any other costs. However, condition, selling costs, seller fees and the true achievable resale value are unconfirmed. The apparent margin should not be treated as a supported flip surplus.

Investor Risks & Due Diligence

• Annual service charge and ground rent are not supplied.

• Potential ground-rent review terms are not supplied.

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

• No specific rental evidence or passing rent is available.

• Condition and refurbishment requirements are not evidenced.

• Parking and heating arrangements are unconfirmed.

• Comparable-sale size, condition and specification are not supplied.

• Selling costs, finance costs and tax are excluded from the analysis.

Recommendation

Proceed only subject to satisfactory legal-pack, lease, service-charge, ground-rent and inspection due diligence. The guide-to-comparable discount is potentially attractive, but absent rent and cost evidence prevents a reliable BTL, BRRR or flip decision.

Strategy Rating

Analysis Confidence

There are several relevant completed sales and a stated lease length, but no rental evidence, refurbishment budget, service-charge or ground-rent figures, parking/heating details, condition report, seller fees or confirmed comparability of the higher sales.