Hazelmere, Southampton Road, Cadnam, Southampton, SO40 2NB

Description

A four bedroom detached house. The property is on a large plot of approximately 27,967 sq ft and benefits from garden areas to the front, side and rear as well as off road parking for numerous vehicles. In need of some modernisation. The property / site is considered to have future development potential subject subject to requisite consents. Vacant.

Accommodation

Ground Floor - Reception Room, Kitchen, Two Bedrooms, Shower Room. First Floor - Four Bedrooms, Bathroom/WC, En-suite WC.

Location

Cadnam is a village in the county of Hampshire, within the New Forest National Park. Located on the south side of Southampton Road, close to the turning for New Inn Road. Amenities are easily accessible locally on Southampton Road and Romsey Road with a broader range available in the centre of the nearby town of Totton (approximately 3.8 miles). A broad range of recreational amenities are available within the nearby countryside. Well located for links to the M27 and A31. Transport Ashurst New Forest - South Western Railways. Totton - South Western Railways.

Tenure / Property Information

Investment Analysis

The £490,000 guide is below the supplied completed-sale range of £525,000 to £730,000 for detached freehold properties on Southampton Road, Cadnam. However, the comparables do not provide floor areas, bedroom counts, condition, plot sizes or development characteristics, so they cannot support a reliable subject-specific GDV. The property is described as requiring some modernisation, and future development potential is expressly subject to requisite consents; no consent evidence is supplied.

Investment Snapshot

Strategy Recommendation

Do not bid on current evidence alone. Proceed only after obtaining a full survey, measured accommodation, detailed refurbishment quotation, rental evidence, auction charges and planning advice on any proposed development.

Works Required

Modernisation of the existing house as required, based only on the description. No specific works, defects, specification or cost evidence is supplied. Any development would require the necessary consents, which are not evidenced.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

A BRRR assessment cannot be quantified because refurbishment costs, achievable rent and a reliable refinance GDV are unavailable. The guide is £490,000 before any buyer fee, VAT or seller charges that may apply.

Buy-to-Let Analysis

BTL analysis cannot be established because no sufficiently specific rental comparable or auctioneer rent estimate is supplied. The property is vacant, so no passing rent is evidenced.

Flip Analysis

A flip assessment cannot be quantified reliably. The supplied completed sales range from £525,000 to £730,000, but lacks sufficient detail to adjust for this property's condition, accommodation, plot or any development potential. No selling-cost allowance is supplied.

Investor Risks & Due Diligence

• No reliable subject-specific GDV can be established from the supplied comparable details.

• Refurbishment scope and cost are unspecified beyond 'some modernisation'.

• No rental evidence or passing rent is supplied, preventing yield analysis.

• Buyer fee, VAT and possible seller charges are not quantified.

• Future development potential is subject to requisite consents and no consent evidence is supplied.

• The accommodation schedule appears inconsistent with the stated four-bedroom description.

• The property is within the New Forest National Park, as stated, which may be relevant to any development proposal; no planning assessment is supplied.

Recommendation

Do not bid on current evidence alone. Proceed only after obtaining a full survey, measured accommodation, detailed refurbishment quotation, rental evidence, auction charges and planning advice on any proposed development.

Strategy Rating

Analysis Confidence

There are several relevant same-road completed sales and clear tenure, occupancy and guide-price evidence, but the comparables lack key property details, while rent, refurbishment costs, fees and planning evidence are unavailable. The accommodation description is also internally inconsistent, stating four bedrooms while listing two ground-floor and four first-floor bedrooms.