Overview

Not to be missed! A rare opportunity to acquire and convert a character building into a high-quality income-producing asset.

This project is ideally suited to investors or developers seeking a BRRR (Buy, Refurbish, Refinance, Rent) strategy, or a flip opportunity with planning already secured and strong potential for both capital uplift and long-term rental income.

The figures below are based on current market conditions and comparable evidence within the local area. As always, property should be viewed as a long-term investment, offering a combination of cash flow and capital growth.

Key Property Details

• Former hall / chapel-style building
• Planning approved for 2 × 2-bedroom apartments
• Approx. 150–165 m² total internal space
• Freehold
• Established residential location
• Attractive character features (arched frontage, high ceilings)
• Private outdoor space + roof terrace (approved)
• Vacant possession
• No chain

Key Financials (Indicative)
Example based on a standard BRRR development model

• Target purchase price: £170,000
• Purchase costs: £6,750
• Investment required: £91,978
• Estimated build costs: £231,000
• Estimated GDV: £520,000
• Monthly rental income (both units combined): £2,700
• Annual rental income (both units combined): £32,400
• Monthly rental NET: £912.50
• Annual rental NET: £10,950
• ROCE: 46%
• Gross Yield: 6%
• Sourcing fee: £4,000 +VAT

Note: Returns may be enhanced if the project is funded partly or entirely through private finance or cash acquisition, reducing borrowing costs and improving overall profitability and cash-on-cash return.

Location Overview
The property is located in Hampshire Town, an established residential area with strong appeal to both owner-occupiers and tenants. The town benefits from excellent connectivity, with access to Southampton, Winchester, Chandler’s Ford, the M27 and M3, making it attractive for professional tenants and commuters. The Southampton–Eastleigh corridor also links Bishopstoke to Eastleigh, Southampton Airport and Southampton city centre.

Complete Investment Support Package

With Sourced, you have access to a complete property investment support package in one place.

This includes:

• Sourced Enterprise – full limited company SPV setup and accounting support
• Sourced Finance – access to specialist lending options not usually available on the high street
• Sourced Living – fully compliant lettings and property management service
• Legal support – conveyancing team available if required
• Renovation support – experienced refurbishment team ready to assist with works where needed

For further details or to invest, please contact us.

Sourced reference: 611612916796296