Potential 4-Bed HMO, Southampton, SO17 1PD, £359,000

Highfield, Southampton, SO17 1PD - a year ago

Sold STC
HMO
Refurb/BRRR
ROI: 1%
~99 m²
+4 photos

ValuationOvervalued

Sold Prices£235K - £620K
Sold Prices/m²£2.2K/m² - £5.7K/m²

 

 

Square Metres

~98.76 m²
Price/m²£3.6K/m²

Value Estimate

£341,616

 

 

End Value (After Refurb)

£379,011

Uplift in Value

+6%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£89,750

Stamp Duty & Legal Fees

£24,600

Refurb Costs

£44,601

Bridging Loan Interest

£9,424

Total Cash In

£170,125

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£379,011

Mortgage (After Refinance)

£284,259

Mortgage LTV

75%

Cash Released

£15,009

Cash Left In

£155,116

Equity

£94,753

Room Rate

£585

Gross Rent

£2,340

Running Costs/mo

£2,178

Cashflow/mo

£162

Cashflow/yr

£1,948

ROI

1%

Gross Yield

8%

Local Sold Prices

50 sold prices from £235K to £620K, average is £358.5K. £2.2K/m² to £5.7K/m², average is £3.6K/m².

PriceDateDistanceAddressBeds 
£415K03/220.03 mi23, Heatherdeane Road, Southampton SO17 1PA3
£518.2K05/220.06 mi9, Khartoum Road, Southampton SO17 1NY3
£415K03/210.06 mi30, Khartoum Road, Southampton SO17 1NY3
£478K07/230.11 mi64, Orchards Way, Southampton SO17 1RE3
£550K09/220.11 mi52, Orchards Way, Southampton SO17 1RE3
£350K02/230.12 mi1, Highcrown Mews, Southampton SO17 1PT3
£321K12/210.12 mi10, Highcrown Mews, Southampton SO17 1PT3
£510K09/220.13 mi6, Orchards Way, Southampton SO17 1RD3
£577.5K06/210.13 mi10, Uplands Way, Southampton SO17 1QW3
£525K12/200.13 mi9, Uplands Way, Southampton SO17 1QW3
£300K07/230.14 mi20, Highcrown Street, Southampton SO17 1QF3
£350K06/230.16 mi79, Roselands Gardens, Highfield, Southampton SO17 1QJ3
£370K12/210.16 mi60, Roselands Gardens, Southampton SO17 1QJ3
£325K06/210.16 mi52, Roselands Gardens, Southampton SO17 1QJ3
£460K12/220.16 mi7, Glebe Court, Southampton SO17 1RH3
£280K06/210.17 mi63, Roselands Gardens, Southampton SO17 1QJ3
£360K06/230.17 mi29, Roselands Gardens, Highfield, Southampton SO17 1QG3
£300K10/220.18 mi35, Roselands Gardens, Highfield, Southampton SO17 1QG3
£484.8K10/220.19 mi12, Glebe Court, Southampton SO17 1RH3
£500K11/210.2 mi32, Glebe Court, Southampton SO17 1RH3
£290K12/200.2 mi29, Glebe Court, Southampton SO17 1RH3
£550K09/220.2 mi33, Glebe Court, Southampton SO17 1RH3
£310K03/210.24 mi55, Chamberlain Road, Southampton SO17 1PQ3
£295K02/210.24 mi23, Chamberlain Road, Highfield, Southampton SO17 1PQ3
£365K12/220.25 mi34, Hilldown Road, Southampton SO17 1SX3
£535K06/210.26 mi43, Church Lane, Southampton SO17 1SY3
£575K09/220.27 mi31, Church Lane, Southampton SO17 1SY3
£390K11/200.27 mi16, Church Lane, Southampton SO17 1SZ3
£295K03/210.37 mi11, Hartley Avenue, Southampton SO17 3QY3
£385K04/210.41 mi17, Blenheim Gardens, Southampton SO17 3RN3
£385K06/230.44 mi4, Merton Road, Highfield, Southampton SO17 3RD3
£235K11/200.48 mi6, Sherborne Road, Southampton SO17 3RJ3
£357K08/230.5 mi4, Donnington Grove, Southampton SO17 1RW3
£310K07/210.5 mi42, Ripstone Gardens, Highfield, Southampton SO17 3RE3
£395K10/210.51 mi149, Burgess Road, Southampton SO16 7AA3
£355K01/230.56 mi157, Broadlands Road, Southampton SO17 3AQ3
£335K10/220.57 mi94, Welbeck Avenue, Highfield, Southampton SO17 1SN3
£266K12/220.59 mi63a, Alma Road, Southampton SO14 6UQ3
£620K01/230.59 mi35, Bassett Avenue, Southampton SO16 7DP3
£345K06/230.59 mi6, Grosvenor Close, Southampton SO17 1RR3
£238.5K08/210.6 mi19, Woodside Road, Portswood, Southampton SO17 2GU3
£235K02/210.6 mi24, Honeysuckle Road, Southampton SO16 3HU3
£338K06/230.6 mi15, Arnold Road, Southampton SO17 1TF3
£430K12/200.61 mi5, Elmsleigh Gardens, Southampton SO16 3GE3
£270K07/210.62 mi105, Mayfield Road, Southampton SO17 3SY3
£350K10/220.62 mi169, Mayfield Road, Southampton SO17 3SY3
£255K05/210.62 mi151, Mayfield Road, Southampton SO17 3SY3
£270K07/210.62 mi105, Mayfield Road, Southampton SO17 3SY3
£380K08/210.62 mi3, Bassett Meadow, Southampton SO16 7DY3
£375K06/230.63 mi56, Kitchener Road, Southampton SO17 3SG3

Local Area Statistics

Population in SO17

19,429

Population in Southampton

428,247

Town centre distance

0.73 miles away

Nearest school

0.20 miles away

Nearest train station

0.79 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-22%

Sales demand

Balanced market

Capital growth (5yrs)

+6%

Property History

Price changed to £359,000

January 15, 2025

Listed for £370,000

January 8, 2024

Floor Plans

Description

  • A Detached House +
  • Having the Benefit of a HMO Licence +
  • Two Reception Rooms +
  • Ground Floor Cloakroom +
  • Three Bedrooms +
  • Requiring Renovation +

Situated in the popular location of Highfield, this detached home has the benefit of a licence for the use as a house of multiple occupation with permission for five sharers.  The accommodation briefly comprises; two ground floor reception rooms, kitchen, ground floor cloakroom and three bedrooms and a family bathroom located on the first floor.  Prospective purchasers should be aware the property does require renovation but could make an excellent investment opportunity or converted back to a family home.  

ENTRANCE HALL:
Entrance door. Radiator. Stairs rising to first floor landing. Under stairs storage area.

SITTING ROOM/GROUND FLOOR BEDROOM 12' 2" (3.71m) x 10' 10" (3.31m):
Bay window to front elevation. Radiator. Fireplace.  

DINING ROOM/BEDROOM 14' 8" (4.47m) x 9' 10" (3.00m):
Double doors to rear elevation. Secondary glazing. Fireplace. Radiator.

KITCHEN 12' (3.66m) x 8' 1" (2.46m):
Fitted units comprising; double drainer sink unit. Space for automatic washing machine. Built-in oven with gas hob and extractor fan. Door and window to side elevation.

FIRST FLOOR LANDING:
Fitted storage cupboard. Access to roof space. Secondary glazed window.

BEDROOM ONE 14' 9" (4.50m) x 12' 6" (3.81m):
Bay window and further window to front elevation. Radiator. Smooth plastered and coved ceiling.

BEDROOM TWO 14' 9" (4.50m) x 9' (2.74m):
Secondary double glazed window. Radiator.

BEDROOM THREE 9' 1" (2.77m) x 8' 1" (2.46m):
Window. Radiator. Fitted shelving.

BATHROOM:
Three piece suite comprising; panelled bath, low level w.c. and pedestal wash hand basin. Radiator. Obscure glazed window.

OUTSIDE:
The front garden has brick walling and side pedestrian access to the rear garden. The rear garden is partly laid to lawn in need of general cultivation.

COUNCIL TAX:
Southampton City Council
BAND:       D
CHARGE: £2,058.36
YEAR:       2023/2024

Agent Details

Pearsons, Southampton

0238 023 3288

Next Steps?

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