4 Bed HMO, Southampton, SO16 5FJ, £295,000

Coxford Road, Southampton, SO16 5FJ - 10 views - 7 months ago

HMO
ROI: 8%
~129 m²
+11 photos

ValuationUndervalued

Sold Prices£145K - £535K
Sold Prices/m²£1.5K/m² - £4.3K/m²

 

 

Square Metres

~129.26 m²
Price/m²£2.3K/m²

Value Estimate

£350,900
BMV21%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£73,750

Stamp Duty & Legal Fees

£11,900

Total Cash In

£85,650

 

 

Cash Out

 

Room Rate

£620

Gross Rent

£2,480

Running Costs/mo

£1,920

Cashflow/mo

£560

Cashflow/yr

£6,724

ROI

8%

Gross Yield

10%

Local Sold Prices

32 sold prices from £145K to £535K, average is £322.5K. £1.5K/m² to £4.3K/m², average is £2.8K/m².

PriceDateDistanceAddressBeds 
£285K02/210.27 mi97, Colby Street, Southampton SO16 9RU4
£330K10/210.27 mi103, Colby Street, Southampton SO16 9RU4
£335K06/230.27 mi73, Colby Street, Southampton SO16 9RU4
£320K03/230.3 mi62, Rosewall Road, Southampton SO16 5DW4
£535K06/230.38 mi77, Upper Brownhill Road, Southampton SO16 5NG4
£450K01/210.38 mi77, Upper Brownhill Road, Southampton SO16 5NG4
£350K03/210.38 mi45a, Upper Brownhill Road, Southampton SO16 5NG4
£272K02/210.43 mi3, Crabwood Road, Southampton SO16 9FD4
£300K02/230.55 mi1, Ullswater Road, Southampton SO16 9DZ4
£380K01/210.59 mi10, King Edward Avenue, Southampton SO16 4DF4
£475K06/230.59 mi12, King Edward Avenue, Southampton SO16 4DF4
£250K03/210.6 mi14, Colne Avenue, Southampton SO16 9NW4
£365K07/210.62 mi69, Springford Road, Southampton SO16 5HX4
£325K11/200.66 mi24, Vinery Gardens, Southampton SO16 6HJ4
£210K05/210.66 mi3, Cateran Close, Southampton SO16 4NT4
£430K05/230.66 mi133, Winchester Road, Southampton SO16 6UF4
£230K08/210.67 mi28, Sydney Road, Southampton SO15 5RB4
£211K12/200.72 mi3, Crigdon Close, Southampton SO16 4AB4
£252K12/200.76 mi90, Stratton Road, Southampton SO15 5QZ4
£265K11/200.77 mi3, Whernside Close, Southampton SO16 4QX4
£240K05/210.78 mi3, Severn Road, Southampton SO16 9BX4
£231.5K04/210.78 mi2, Tosson Close, Southampton SO16 4AF4
£240K09/210.79 mi245, Mansel Road West, Southampton SO16 9LP4
£280K03/210.81 mi6, Settle Close, Southampton SO16 4RE4
£315K06/210.87 mi4, Emmett Road, Rownhams, Southampton, Hampshire SO16 8JB4
£332K04/210.87 mi11, Emmett Road, Rownhams, Southampton, Hampshire SO16 8JB4
£342K03/210.87 mi12, Welch Way, Rownhams, Southampton, Hampshire SO16 8JF4
£485K04/210.88 miDaven House, Bellemoor Road, Southampton SO15 5JW4
£380K11/200.9 mi8, Redward Road, Rownhams, Southampton, Hampshire SO16 8JE4
£145K01/230.95 mi26, Petworth Gardens, Southampton SO16 8EE4
£340K04/210.97 mi19, Kestrel Close, Southampton SO16 8FN4
£385K09/210.97 mi8, St Evox Close, Rownhams, Southampton, Hampshire SO16 8FS4

Local Area Statistics

Population in SO16

66,270

Population in Southampton

428,247

Town centre distance

2.45 miles away

Nearest school

0.30 miles away

Nearest train station

1.36 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+7%

Sales demand

Seller's market

Capital growth (5yrs)

+18%

Property History

Price changed to £295,000

January 11, 2025

Listed for £290,000

September 11, 2024

Floor Plans

Description

  • Four bedrooms +
  • Two Bathrooms +
  • Fully Let +
  • Fitted Kitchen +
  • Double Glazed +
  • Close to the Hospital +
  • Gas Heating +
  • Enjoying over an 8.0% return on your investment +

SUMMARY
Fox & Sons are pleased to offer for sale this truly fabulous fully let property finished to a very high standard and a complement to the current landlord. Enjoying over an 8.0 % return on your investment, making it a great opportunity for investors.

DESCRIPTION
Fox & Sons are pleased to offer for sale this truly fabulous fully let property finished to a very high standard and a complement to the current landlord. Enjoying over an 8.0 % return on your investment, making it a great opportunity for investors. This fully equipped HMO licensed rental property in Coxford Road within walking distance to Southampton General hospital making it a prime location for hospital workers. Upon entering the house you are greeted by an entrance hall, stairs to the first floor, on the ground floor there is a dining room, fitted kitchen, utility room and bedroom four with en-suite shower. The first-floor accommodation comprises of three further rentable bedrooms and a bathroom/shower room. Further benefits of the house include gas central heating, UPVC double glazing and front and rear gardens. This is a stunning property in every way and viewing is essential to appreciate just what on offer with this great investment property.

Entrance 

Hallway 

Bedroom Four  22' 4" x 12' 4" ( 6.81m x 3.76m )

En-Suite Shower Room 

Kitchen  17' 4" x 7' 8" ( 5.28m x 2.34m )

Dining Room 11' 4" x 10' 6" ( 3.45m x 3.20m )

Utility Room 10' 7" x 6' 3" ( 3.23m x 1.91m )

Landing 

Bedroom One 13' 6" x 9' 3" ( 4.11m x 2.82m )

Bedroom Two 12' 6" x 12' ( 3.81m x 3.66m )

Bedroom Three 13' 2" x 8' 9" ( 4.01m x 2.67m )

Bathroom/Shower 5' 6" x 5' 3" ( 1.68m x 1.60m )

Front And Rear Gardens 

1. MONEY LAUNDERING REGULATIONS: Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2. General: While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.
3. The measurements indicated are supplied for guidance only and as such must be considered incorrect.
4. Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.
5. THESE PARTICULARS ARE ISSUED IN GOOD FAITH BUT DO NOT CONSTITUTE REPRESENTATIONS OF FACT OR FORM PART OF ANY OFFER OR CONTRACT. THE MATTERS REFERRED TO IN THESE PARTICULARS SHOULD BE INDEPENDENTLY VERIFIED BY PROSPECTIVE BUYERS OR TENANTS. NEITHER SEQUENCE (UK) LIMITED NOR ANY OF ITS EMPLOYEES OR AGENTS HAS ANY AUTHORITY TO MAKE OR GIVE ANY REPRESENTATION OR WARRANTY WHATEVER IN RELATION TO THIS PROPERTY.

Agent Details

Fox & Sons, Southampton

0238 214 8974

Next Steps?

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