Block of 3 Apartments, Millbrook Road East, Southampton,SO15
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Block of 3 Apartments, Millbrook Road East, Southampton,SO15

By Jordan Marks Estates

£ 400,000

Reviews

3 out of 5 stars

Jordan Marks Estates says ..

an exceptional opportunity to acquire a property offering not just one, but three desirable one-bedroom apartments in a prime location offering a 9% rental yield opportunity. Each flat is rented out at £1000 per calendar month.

Property Oracle says ..

This listing presents an investment opportunity involving a block of three one-bedroom apartments located in Southampton, near Southampton Central Station. The apartments appear modern and well-maintained, based on the provided photographs, exhibiting contemporary finishes and a clean aesthetic in the kitchen and bathroom areas. Each apartment is described as generating a £1000 monthly rental income, indicating a potential 9% rental yield. The property’s proximity to the railway station and several schools enhances its appeal to both owner-occupiers and investors. However, it is important to note that the listing does not specify the square footage of each individual apartment or the total square footage of the entire property, which makes assessing the price-per-square-foot challenging and obtaining a definitive valuation of the property problematic. The small outdoor space is another factor to consider. Further due diligence, including independent valuation and verification of rental income, is crucial before making any investment decisions.

Therefore, we give this property 6 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

Price
7
Condition
8
Location
7
Land
3
Bedrooms
3
Bathrooms
3
Sqft (est)
700.00

The heatmap indicates the level of crime in the area. The color of the heatmap indicates the crime severity and recency.

Metrics Year-on-Year

Average area value
345,413.00 £
Increased by 43.37 %
from 240,922.00 £
Est sale value
308,000.00 £
Increased by 48.15 %
from 207,900.00 £
Average area rental value
1,031.00 £/mo
Decreased by 7.37 %
from 1,113.00 £/mo
Est letting value
700.00 £/mo
Unchanged by 0.00 %
from 700.00 £/mo
Est rental Yield
3.58 %
Decreased by 35.38 %
from 5.54 %
Crime Rate
42.00 %
Unchanged by 0.00 %
from 42.00 %

Agent Activity

  • Jordan Marks Estates created the listing.

Nearby Schools

NameTypeOfstedDistance
The Polygon SchoolFoundation Special SchoolGood0.53 KM
Springhill Catholic Primary SchoolAcademy Converter0.61 KM
St Mark'S Church Of England Voluntary Controlled Primary SchoolVoluntary Controlled SchoolGood1.04 KM
Freemantle Sure Start Children CentreChildren's Centre1.04 KM
Freemantle Church Of England Community AcademyAcademy ConverterGood1.08 KM

Images

Nearby Streets

NameAverage PriceAverage SqftDistance
Morris Road £ 000.00 KM
Saxon Road £ 000.00 KM
Commercial Road £ 000.00 KM
Leroux Close £ 000.00 KM
Western District Cut £ 000.00 KM

Nearby Transport

NameNLCTLCDistance
Southampton Central5932SOU0.42 KM
Millbrook (Hants)5909MBK1.87 KM
St Denys5914SDN3.59 KM
Woolston5925WLS4.57 KM
Bitterne5945BTE4.57 KM

Nearby Listings

AddressPriceTypeScoreDistance
Block of 3 Apartments, Millbrook Road East, Southampton,SO15 £ 400,000BUY6 / 100.00 KM
Shirley Road, Southampton, Hampshire, SO15 £ 135,000BUY5 / 100.04 KM
Shirley Road, Southampton, SO15 £ 145,000BUY6 / 100.04 KM
Millbrook Road East, Southampton, Hampshire, SO15 £ 105,000BUYUnknown0.06 KM
Millbrook Road East, SOUTHAMPTON £ 80,000BUY5 / 100.07 KM

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