5 Bed HMO, Southampton, SO14 1LF, £325,000

Broad Green, Southampton, Hampshire, SO14 1LF - 2 views - 7 months ago

HMO
ROI: 6%
~122 m²
+9 photos

ValuationUndervalued

Sold Prices£236K - £922.5K
Sold Prices/m²£725/m² - £4.8K/m²

 

 

Square Metres

~121.70 m²
Price/m²£2.7K/m²

Value Estimate

£350,223
BMV8%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£81,250

Stamp Duty & Legal Fees

£14,700

Total Cash In

£95,950

 

 

Cash Out

 

Room Rate

£530

Gross Rent

£2,650

Running Costs/mo

£2,145

Cashflow/mo

£505

Cashflow/yr

£6,058

ROI

6%

Gross Yield

10%

Local Sold Prices

49 sold prices from £236K to £922.5K, average is £450K. £725/m² to £4.8K/m², average is £2.9K/m².

PriceDateDistanceAddressBeds 
£286K12/220.21 mi99, St Andrews Road, Southampton SO14 0AE5
£360K06/210.56 mi56, Devonshire Road, Southampton SO15 2GN5
£295K06/210.73 mi36, Newcombe Road, Southampton SO15 2FS5
£340K01/230.84 mi8, Berkeley Close, Polygon, Southampton SO15 2TR5
£405K04/230.85 mi2, Brighton Road, Southampton SO15 2JJ5
£750K11/200.94 mi11, Westrow Road, Southampton SO15 2NA5
£400K02/210.98 mi57, Cedar Road, Southampton SO14 6TQ5
£275K11/201.01 mi131, Earls Road, Southampton SO14 6TZ5
£475K04/211.02 mi29, Avenue Road, Southampton SO14 6TR5
£495K11/211.07 mi33, Thornbury Avenue, Southampton SO15 5BQ5
£499K09/221.09 mi114, Alma Road, Southampton SO14 6UW5
£330K07/231.11 mi95, Atherley Road, Southampton SO15 5DT5
£480K12/201.12 mi53, Howard Road, Southampton SO15 5BE5
£375K05/221.13 mi79, Gordon Avenue, Portswood, Southampton SO14 6WB5
£236K02/211.15 mi56, Bitterne Road West, Southampton SO18 1AP5
£272.5K02/211.2 mi33, Shakespeare Avenue, Portswood, Southampton SO17 2HA5
£480K09/221.21 mi41, Westridge Road, Southampton SO17 2HP5
£435K02/211.25 mi42, Gordon Avenue, Portswood, Southampton SO14 6WD5
£728K10/221.27 mi20, Atherley Court, Southampton SO15 7NG5
£400K07/231.3 mi57, Radstock Road, Southampton SO19 2HT5
£282K11/201.34 mi104, Tennyson Road, Southampton SO17 2HH5
£710K05/221.35 mi6, Blenheim Avenue, Southampton SO17 1DU5
£240K03/221.36 mi85, Tennyson Road, Southampton SO17 2HG5
£470K11/201.38 mi1, Prospect Road, Southampton SO19 7DG5
£922.5K04/231.45 mi12, Westbourne Crescent, Southampton SO17 1EE5
£420K09/211.48 mi85, Janson Road, Shirley, Southampton SO15 5GL5
£725K07/221.49 mi14, Oakmount Avenue, Southampton SO17 1DR5
£835K01/221.49 mi26, Oakmount Avenue, Southampton SO17 1DR5
£450K12/221.49 mi197, Bitterne Road West, Southampton SO18 1BL5
£520K10/211.51 mi22, Eastbourne Avenue, Southampton SO15 5HT5
£395K12/201.53 mi91, Archery Grove, Woolston, Southampton SO19 9ET5
£365K12/201.53 mi320, Spring Road, Southampton SO19 2NX5
£565K03/211.53 mi298, Spring Road, Southampton SO19 2NX5
£650K07/231.58 mi21, Cunard Avenue, Shirley, Southampton SO15 5GN5
£482K12/201.58 mi6, Cunard Avenue, Shirley, Southampton SO15 5GP5
£415K05/211.65 mi30, Spring Road, Southampton SO19 2BG5
£410K08/211.67 mi43, Heatherdeane Road, Southampton SO17 1PA5
£690K05/231.7 mi44, Shaftesbury Avenue, Southampton SO17 1SD5
£460K03/211.7 mi68, Shaftesbury Avenue, Southampton SO17 1SD5
£851K08/231.71 mi105, Upper Shirley Avenue, Southampton SO15 5NL5
£620K11/211.73 mi24, Grosvenor Road, Southampton SO17 1RT5
£250K02/211.73 mi8, Arnold Road, Southampton SO17 1TG5
£250K02/211.73 mi8, Arnold Road, Southampton SO17 1TG5
£395K09/221.75 mi64, Shirley Avenue, Southampton SO15 5NJ5
£500K03/211.79 mi98, Midanbury Lane, Bitterne Park, Southampton SO18 4HD5
£497.5K11/201.79 mi78, Wilton Road, Southampton SO15 5JP5
£593.5K06/211.87 miOrchard Cottage, Hawthorn Road, Southampton SO17 1PX5
£500K02/211.9 mi37, Chatsworth Road, Southampton SO19 7NL5
£430K12/201.9 mi89, Chatsworth Road, Southampton SO19 7NL5

Local Area Statistics

Population in SO14

27,223

Population in Southampton

428,247

Town centre distance

1.08 miles away

Nearest school

0.20 miles away

Nearest train station

0.66 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+2%

Sales demand

Buyer's market

Capital growth (5yrs)

+7%

Property History

Listed for £325,000

September 4, 2024

Floor Plans

Description

Austin & Wyatt are pleased to announce this fabulous 5 bedroom HMO property to the market located in Southamptons City Centre. The property offers 5 double bedrooms, a fitted kitchen, communal living area and generous sized rear garden. Available for sale with no chain. This is an ideal purchase for first time or existing landlords looking to add to a current portfolio.

The property is currently let till June 2025 with an income of £2650 per month!

Southampton is a thriving city which achieved city status in 1964 due to its contribution to trade and the economy. The city centre has a range of extensive shopping and leisure facilities including the landmark West Quay shopping centre. Restaurants, bars and cafes cater for every taste and the Cinema de lux offers the finest film viewing experience.

Agent Details

Austin & Wyatt, Southampton

0238 144 9979

Next Steps?

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