Flat A, 109 Southwood Road, Hayling Island, Hampshire

Description

Great opportunity to acquire this keenly priced two-bedroom ground floor flat on Hayling Island, within easy reach of the seafront, local shops and coastal walks. The flat will be suitable for a first-time buyers, investors or those seeking a coastal holiday modern home situated in a convenient location, with Hayling Island Sailing Club nearby, while Havant and its mainline rail services are within easy reach.

Accommodation

Entrance hallway, lounge with patio doors outside, fitted kitchen, two bedrooms including master with en-suite shower room, and a family bathroom.

Location

Southwood Road is situated at the south eastern end of Hayling Island. It adjoins the Chichester Harbour Area of Natural Beauty (AONB) and a Site of Special Scientific Interest (SSSI). It is close to a nature reserve and the popular Hayling Island Sailing Club and Marina. Hayling Island Golf Club, Tournerbury Golf Centre, Seacourt Tennis Club, schooling, social and recreational facilities, and nearby Mengham local shopping area are also described. Hayling is accessed via road to the north of the island, linking to the A27 and A3(M) at Havant. There is a railway station with mainline services at Havant to London Waterloo.

Tenure / Property Information

Tenure	Leasehold
Lease	125 years term from 1/1/2000; service charge for 2024/25 was £960 per annum per household
EPC	Current Rating C
Council Tax	Band B
Parking	Allocated off-road parking space

Investment Analysis

Historical Land Registry sales at 109 Southwood Road range from £122,000 to £162,500 in 2018, but the records do not identify Flat A and there are no current comparables. A current GDV cannot be reliably established. The £80,000 guide is subject to a £3,600 minimum admin charge, plus any legal-pack disbursements.

Investment Snapshot

Guide Price

£80,000 plus fees

Strategy Recommendation

Potential owner-occupier purchase at the guide, subject to survey and legal-pack review. Do not proceed as an investment or flip without current valuation and rental evidence.

Works Required

No specific defects or refurbishment requirements are evidenced. Inspect the flat and legal pack before budgeting; only routine purchaser works should be considered if identified.

Rental & Market Context

No sufficiently specific external rental comparable identified.

Sold Comparables

The following completed sales were identified within approximately 5 miles:

109, Southwood Road, Hayling Island, Havant, Po11 9ua 2018-12-14 · Flat/Maisonette · Leasehold	£122,000
109, Southwood Road, Hayling Island, Havant, Po11 9ua 2018-08-31 · Flat/Maisonette · Leasehold	£162,500
109, Southwood Road, Hayling Island, Havant, Po11 9ua 2010-12-17 · Flat/Maisonette · Leasehold	£100,000
109, Southwood Road, Hayling Island, Hayling Island, Havant, Po11 9ua 2007-07-18 · Flat/Maisonette · Leasehold	£117,500
109, Southwood Road, Hayling Island, Hayling Island, Havant, Po11 9ua 2005-11-01 · Flat/Maisonette · Leasehold	£105,000

Potential BRRR Position

Base Project Cost

£83,600

BRRR cannot be underwritten because current GDV, rent and refurbishment costs are unsupported. The known guide-price cost is £80,000 plus the £3,600 minimum admin charge, before any disbursements or finance costs.

Buy-to-Let Analysis

No sufficiently specific rental evidence or auctioneer rent estimate is provided, so rent and yield cannot be established. The £960 annual service charge must also be reflected in net cash flow.

Flip Analysis

A flip surplus cannot be calculated reliably. Historical sales are not current, may relate to other flats within the building, and no selling allowance or refurbishment budget is supplied.

Investor Risks & Due Diligence

• Historical comparable sales may not identify Flat A and are not current.

• No sufficiently specific rental evidence is available.

• Leasehold service charge is £960 per annum for 2024/25.

• Buyer admin charge is £3,600 minimum, with possible legal-pack disbursements.

• Condition and refurbishment requirements are not evidenced and require inspection.

• Lease terms and any remaining lease obligations require legal-pack verification.

Recommendation

Potential owner-occupier purchase at the guide, subject to survey and legal-pack review. Do not proceed as an investment or flip without current valuation and rental evidence.

Strategy Rating

HB Rating

★★★☆☆

Analysis Confidence

Confidence

Low-Medium

Property details, tenure and service charge are supplied, but current valuation, rental evidence, condition and refurbishment costs are unavailable.