5 Bed HMO, Southampton, SO14 6TQ, £350,000

69 CEDAR ROAD SOUTHAMPTON SO14 6TQ - 2 views - a year ago

HMO
ROI: 1%
~87 m²
+3 photos

ValuationOvervalued

Sold Prices£236K - £922.5K
Sold Prices/m²£725/m² - £4K/m²

 

 

Square Metres

~87.26 m²
Price/m²£4K/m²

Value Estimate

£243,726

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£87,500

Stamp Duty & Legal Fees

£16,700

Total Cash In

£104,200

 

 

Cash Out

 

Room Rate

£438

Gross Rent

£2,190

Running Costs/mo

£2,130

Cashflow/mo

£60

Cashflow/yr

£721

ROI

1%

Gross Yield

8%

Local Sold Prices

33 sold prices from £236K to £922.5K, average is £435K. £725/m² to £4K/m², average is £2.8K/m².

PriceDateDistanceAddressBeds 
£400K02/210.03 mi57, Cedar Road, Southampton SO14 6TQ5
£275K11/200.06 mi131, Earls Road, Southampton SO14 6TZ5
£475K04/210.11 mi29, Avenue Road, Southampton SO14 6TR5
£375K05/220.12 mi79, Gordon Avenue, Portswood, Southampton SO14 6WB5
£499K09/220.16 mi114, Alma Road, Southampton SO14 6UW5
£435K02/210.27 mi42, Gordon Avenue, Portswood, Southampton SO14 6WD5
£405K04/230.31 mi2, Brighton Road, Southampton SO15 2JJ5
£272.5K02/210.32 mi33, Shakespeare Avenue, Portswood, Southampton SO17 2HA5
£710K05/220.35 mi6, Blenheim Avenue, Southampton SO17 1DU5
£480K09/220.43 mi41, Westridge Road, Southampton SO17 2HP5
£922.5K04/230.45 mi12, Westbourne Crescent, Southampton SO17 1EE5
£282K11/200.46 mi104, Tennyson Road, Southampton SO17 2HH5
£240K03/220.47 mi85, Tennyson Road, Southampton SO17 2HG5
£725K07/220.48 mi14, Oakmount Avenue, Southampton SO17 1DR5
£835K01/220.48 mi26, Oakmount Avenue, Southampton SO17 1DR5
£750K11/200.55 mi11, Westrow Road, Southampton SO15 2NA5
£340K01/230.59 mi8, Berkeley Close, Polygon, Southampton SO15 2TR5
£410K08/210.66 mi43, Heatherdeane Road, Southampton SO17 1PA5
£728K10/220.72 mi20, Atherley Court, Southampton SO15 7NG5
£295K06/210.73 mi36, Newcombe Road, Southampton SO15 2FS5
£360K06/210.76 mi56, Devonshire Road, Southampton SO15 2GN5
£690K05/230.77 mi44, Shaftesbury Avenue, Southampton SO17 1SD5
£460K03/210.77 mi68, Shaftesbury Avenue, Southampton SO17 1SD5
£286K12/220.8 mi99, St Andrews Road, Southampton SO14 0AE5
£495K11/210.8 mi33, Thornbury Avenue, Southampton SO15 5BQ5
£620K11/210.82 mi24, Grosvenor Road, Southampton SO17 1RT5
£236K02/210.84 mi56, Bitterne Road West, Southampton SO18 1AP5
£250K02/210.86 mi8, Arnold Road, Southampton SO17 1TG5
£250K02/210.86 mi8, Arnold Road, Southampton SO17 1TG5
£593.5K06/210.86 miOrchard Cottage, Hawthorn Road, Southampton SO17 1PX5
£330K07/230.86 mi95, Atherley Road, Southampton SO15 5DT5
£520K10/210.94 mi22, Eastbourne Avenue, Southampton SO15 5HT5
£480K12/200.98 mi53, Howard Road, Southampton SO15 5BE5

Local Area Statistics

Population in SO14

27,223

Population in Southampton

428,247

Town centre distance

0.31 miles away

Nearest school

0.10 miles away

Nearest train station

0.54 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+2%

Sales demand

Buyer's market

Capital growth (5yrs)

+7%

Property History

Price changed to £350,000

January 15, 2025

Listed for £375,000

February 27, 2024

Floor Plans

Description

  • Investors - Look At This +
  • Fully tenanted for the next 18 months +
  • Income from day one +
  • Close to Excellent Local Amenities +
  • Close to Excellent Local Shops +
  • Off road parking +

Ewemove - A mid terrace property currently used as a 5 bed HMO with a return in excess of 7% gross yield. Fully tenanted for this year and next! Giving you an instant income! £26,250 pa or £2,187.5 pcm

EweMove - A five-bed HMO property fully let until June 2025.

Located in the popular Portswood area of Southampton, close to the city centre, this terraced property has five bedrooms and two reception rooms, currently let as a 5 bedroom HMO. The ground floor accommodation comprises, an entrance hall, kitchen & separate dining room. two bedrooms and on the first floor there are three bedrooms and bathroom.

Externally, to the front there is a front garden, with unrestricted parking available on the road, and to the rear there is parking space for up to 2 cars.

Good communication links are on hand with Portswood Road and The Avenue at either end of the street giving access to the M27 and M3 corridor, plus Southampton railway station with direct links to London and Southampton airport a few miles north

Additional Information:

  • Council Tax:

    Band C

  • Energy Performance Certificate (EPC) Rating:

    Band C (69-80)

Agent Details

EweMove, Covering Winchester & Salisbury

01962 571567

Next Steps?

This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪