6 Bed HMO, Southampton, SO17 1QE, £475,000

Highcrown Street, Southampton, Hampshire, SO17 1QE - 1 views - 8 months ago

HMO
~121 m²
+11 photos

ValuationOvervalued

Sold Prices£248K - £950K
Sold Prices/m²£2.2K/m² - £4.8K/m²

 

 

Square Metres

~120.50 m²
Price/m²£3.9K/m²

Value Estimate

£353,006

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£118,750

Stamp Duty & Legal Fees

£26,700

Total Cash In

£145,450

 

 

Cash Out

 

Room Rate

£467

Gross Rent

£2,802

Running Costs/mo

£2,779

Cashflow/mo

£23

Cashflow/yr

£273

ROI

0%

Gross Yield

7%

Local Sold Prices

23 sold prices from £248K to £950K, average is £445K. £2.2K/m² to £4.8K/m², average is £2.9K/m².

PriceDateDistanceAddressBeds 
£750K08/220.26 mi70, Orchards Way, Southampton SO17 1RE6
£950K04/220.35 mi118, Highfield Lane, Highfield, Southampton SO17 1NP6
£705K12/220.47 mi121, Burgess Road, Southampton SO16 7AE6
£895K10/210.47 mi45, Bassett Avenue, Southampton SO16 7DP6
£905K06/220.55 mi4, Blenheim Avenue, Southampton SO17 1DU6
£325K11/200.59 mi25, Sirdar Road, Southampton SO17 3SH6
£300K05/210.69 mi3, Underwood Close, Southampton, Hampshire SO32 2GW6
£420K10/220.69 mi22, Westridge Road, Southampton SO17 2HQ6
£369.9K11/200.7 mi18, Westridge Road, Southampton SO17 2HQ6
£272.5K02/210.72 mi33, Shakespeare Avenue, Portswood, Southampton SO17 2HA6
£310K04/210.77 mi50, Cambridge Road, Southampton SO14 6US6
£445K07/220.78 mi115, Alma Road, Southampton SO14 6UY6
£310K04/210.79 mi50, Cambridge Road, Southampton SO14 6US6
£325K01/210.79 mi96, Harefield Road, Southampton SO17 3TH6
£325K01/210.79 mi96, Harefield Road, Southampton SO17 3TH6
£325K01/210.79 mi96, Harefield Road, Southampton SO17 3TH6
£775K03/210.79 mi344, Hill Lane, Southampton SO15 7PH6
£920K01/230.96 mi73, Holly Hill, Southampton SO16 7ES6
£645K01/211.04 mi201, Wilton Road, Southampton SO15 5JA6
£720K03/211.12 mi19, Bassett Wood Drive, Southampton SO16 3PT6
£765K03/211.23 mi2, Bellemoor Road, Southampton SO15 5JW6
£550K09/211.38 mi22, Gurney Road, Southampton SO15 5GG6
£248K02/211.78 mi26, Cecil Avenue, Southampton SO16 4GN6

Local Area Statistics

Population in SO17

19,429

Population in Southampton

428,247

Town centre distance

0.86 miles away

Nearest school

0.70 miles away

Nearest train station

0.89 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-22%

Sales demand

Balanced market

Capital growth (5yrs)

+6%

Property History

Listed for £475,000

August 14, 2024

Sold for £276,000

2012

Sold for £250,000

2005

Sold for £188,000

2000

Floor Plans

Description

An extended, modern detached house, perfectly situated in a sought-after cul-de-sac in the heart of Highfield, ideally positioned for easy access to Southampton University's Highfield campus. This property has been a lucrative and well-managed HMO for over a decade, presenting an excellent investment opportunity.

Benefiting from a long-standing use as a house of multiple occupation (HMO), this property is currently tenanted for the 2024-2025 academic year, generating a robust income of £2,800 per calendar month. (£33,600pa)

The accommodation opens with a welcoming entrance hall, featuring stairs to the first floor and convenient cloakroom facilities beneath. The ground floor hosts a communal lounge and kitchen, providing a comfortable space for tenants to relax, study and socialise. Additionally, there are two double bedrooms on this level, one of which boasts en-suite facilities. The first floor comprises four spacious bedrooms, along with two shared bathrooms to cater to the needs of multiple residents.

Externally, the property offers a driveway with ample off-road parking and an enclosed rear garden providing a pleasant outdoor area for the tenants to enjoy.

In summary, this well-extended and strategically located detached house in Highfield offers substantial rental income, making it a prime choice for investors seeking a reliable and profitable HMO property.

Agent Details

Morris Dibben, Southampton

0238 144 9928

Next Steps?

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