5 Bed HMO, Southampton, SO14 5GN, £335,000

6 Paget Street, Southampton, SO14 5GN - 9 views - 7 months ago

Sold STC
Leasehold
HMO
ROI: 12%
111 m²
+12 photos

ValuationOvervalued

Sold Prices£236K - £1.0M
Sold Prices/m²£725/m² - £5.6K/m²

 

 

Square Metres

111 m²
Price/m²£3K/m²

Value Estimate

£322,295

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£83,750

Stamp Duty & Legal Fees

£15,500

Total Cash In

£99,250

 

 

Cash Out

 

Room Rate

£670

Gross Rent

£3,350

Running Costs/mo

£2,334

Cashflow/mo

£1,016

Cashflow/yr

£12,197

ROI

12%

Gross Yield

12%

Local Sold Prices

47 sold prices from £236K to £1.0M, average is £450K. £725/m² to £5.6K/m², average is £2.9K/m².

PriceDateDistanceAddressBeds 
£286K12/220.58 mi99, St Andrews Road, Southampton SO14 0AE5
£400K07/230.92 mi57, Radstock Road, Southampton SO19 2HT5
£360K06/210.98 mi56, Devonshire Road, Southampton SO15 2GN5
£395K12/201.11 mi91, Archery Grove, Woolston, Southampton SO19 9ET5
£295K06/211.15 mi36, Newcombe Road, Southampton SO15 2FS5
£470K11/201.17 mi1, Prospect Road, Southampton SO19 7DG5
£365K12/201.19 mi320, Spring Road, Southampton SO19 2NX5
£565K03/211.19 mi298, Spring Road, Southampton SO19 2NX5
£236K02/211.22 mi56, Bitterne Road West, Southampton SO18 1AP5
£405K04/231.24 mi2, Brighton Road, Southampton SO15 2JJ5
£340K01/231.27 mi8, Berkeley Close, Polygon, Southampton SO15 2TR5
£400K02/211.31 mi57, Cedar Road, Southampton SO14 6TQ5
£275K11/201.32 mi131, Earls Road, Southampton SO14 6TZ5
£750K11/201.36 mi11, Westrow Road, Southampton SO15 2NA5
£475K04/211.38 mi29, Avenue Road, Southampton SO14 6TR5
£450K12/221.44 mi197, Bitterne Road West, Southampton SO18 1BL5
£480K09/221.44 mi41, Westridge Road, Southampton SO17 2HP5
£499K09/221.45 mi114, Alma Road, Southampton SO14 6UW5
£415K05/211.45 mi30, Spring Road, Southampton SO19 2BG5
£375K05/221.46 mi79, Gordon Avenue, Portswood, Southampton SO14 6WB5
£272.5K02/211.46 mi33, Shakespeare Avenue, Portswood, Southampton SO17 2HA5
£495K11/211.5 mi33, Thornbury Avenue, Southampton SO15 5BQ5
£330K07/231.54 mi95, Atherley Road, Southampton SO15 5DT5
£480K12/201.54 mi53, Howard Road, Southampton SO15 5BE5
£435K02/211.55 mi42, Gordon Avenue, Portswood, Southampton SO14 6WD5
£282K11/201.59 mi104, Tennyson Road, Southampton SO17 2HH5
£240K03/221.61 mi85, Tennyson Road, Southampton SO17 2HG5
£500K02/211.69 mi37, Chatsworth Road, Southampton SO19 7NL5
£430K12/201.69 mi89, Chatsworth Road, Southampton SO19 7NL5
£728K10/221.69 mi20, Atherley Court, Southampton SO15 7NG5
£710K05/221.69 mi6, Blenheim Avenue, Southampton SO17 1DU5
£922.5K04/231.79 mi12, Westbourne Crescent, Southampton SO17 1EE5
£500K03/211.8 mi98, Midanbury Lane, Bitterne Park, Southampton SO18 4HD5
£450K12/201.81 mi1, St Aubins Avenue, Southampton SO19 8NU5
£725K07/221.82 mi14, Oakmount Avenue, Southampton SO17 1DR5
£835K01/221.82 mi26, Oakmount Avenue, Southampton SO17 1DR5
£598K01/211.85 mi26, White Heather Court, Hythe Marina Village, Southampton, Hampshire SO45 6DT5
£420K09/211.9 mi85, Janson Road, Shirley, Southampton SO15 5GL5
£1.0M06/211.93 mi50, Velsheda Court, Hythe Marina Village, Southampton, Hampshire SO45 6DW5
£520K10/211.93 mi22, Eastbourne Avenue, Southampton SO15 5HT5
£250K02/211.94 mi8, Arnold Road, Southampton SO17 1TG5
£250K02/211.94 mi8, Arnold Road, Southampton SO17 1TG5
£690K05/231.94 mi44, Shaftesbury Avenue, Southampton SO17 1SD5
£460K03/211.94 mi68, Shaftesbury Avenue, Southampton SO17 1SD5
£620K11/211.95 mi24, Grosvenor Road, Southampton SO17 1RT5
£410K08/211.99 mi43, Heatherdeane Road, Southampton SO17 1PA5
£785K02/212 mi8, Endeavour Way, Hythe Marina Village, Southampton, Hampshire SO45 6DX5

Local Area Statistics

Population in SO14

27,223

Population in Southampton

428,247

Town centre distance

1.33 miles away

Nearest school

0.20 miles away

Nearest train station

0.68 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+2%

Sales demand

Buyer's market

Capital growth (5yrs)

+7%

Property History

Listed for £335,000

September 16, 2024

Sold for £245,000

2017

Sold for £199,950

2005

Description

| * GREAT INVESTMENT OPPORTUNITY * | * VIRTUAL TOUR LINK ATTACHED * | * COUNCIL TAX BAND: B * | * EPC BAND: C * | * LEASE HOLD * | * ONE ALLOCATED UNDERCROFT PARKING SPACE * | * HMO LICENCE * | * 5 BATHROOMS * |  Century21 Southampton are pleased to present to the market this well presented modern town house which is currently Let on a shared occupancy basis. The property has a number of features to include access to a communal roof garden as well as its own private rear courtyard garden and under croft parking which is accessed via electric gates.  The accommodation comprises: five bedrooms ( 4bedrooms are ensuite and one communal bathroom on the ground floor), open plan lounge & well equipped fitted kitchen with white goods. Further benefits include: 5 bedrooms HMO Licence, UPVC double glazed windows and gas central heating MEASUREMENT: Kitchen section: Tiled flooring, smooth skimmed ceiling, roll edge work top and space for integrated appliances, gas cooker, electric oven, extractor, single pane UPVC window facing the front aspect of the property. Lounge section: Laminate flooring, smooth skimmed ceiling, single drop pendant light, door to the kitchen and entrance. Bedroom 1 & Ensuite (Second Floor facing the front aspect of the property): Carpet flooring, smooth skimmed ceiling, single drop pendant light, ensuite bathroom, single pane UPVC window facing the front aspect of the property, radiator, door to the second floor landing. Bedroom 2 (Second Floor facing the back aspect of the property): Carpet flooring, smooth skimmed ceiling, single drop pendant light, single pane UPVC window facing the back aspect of the property, radiator, door to the second floor landing. Bedroom 3 & Ensuite (First Floor facing the front aspect of the property): Carpet flooring, smooth skimmed ceiling, single drop pendant light, ensuite bathroom, single pane UPVC window facing the front aspect of the property, radiator, door to the first floor landing. Bedroom 4 & Ensuite (First Floor facing the back aspect of the property): Carpet flooring, smooth skimmed ceiling, single drop pendant light, ensuite bathroom, single pane UPVC window facing the back aspect of the property, radiator, door to the first floor landing. Bedroom 5 & Ensuite (ground Floor facing the front aspect of the property): Laminate flooring, smooth skimmed ceiling, single drop pendant light, ensuite bathroom, UPVC French door to the garden, radiator, door to the lounge. IMPORTANT INFORMATION: 1. Tenure: Leasehold (104 years left | 125 years from 01/01/2004) 2. Seller position: Chain free (Tenant in situ) 3. EPC Band: C 4. Council Tax Band: C 6. Current tenancy end date: 28/06/2025 7. Rental income per month: £3,350pcm including bills and council tax 8. Service charge: £922.26 pa 9. Ground rent: £100pa Disclaimer: 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. There will be a charge of £40 inc of vat per person to carry out online AML check 2: These particulars do not constitute part or all of an offer or contract. 3: The measurements indicated are supplied for guidance only and as such must be considered incorrect however effort has been made to ensure correct measurement with minor error has been stated. 4: Potential buyers are advised to recheck the measurements before committing to any expense. 5: No apparatus, equipment, fixtures, fittings or services has been tested and it is the buyers interests to check the working condition of any appliances. 6: Century21 has not sought to verify the legal title of the property and the buyers must obtain verification from their solicitor.

Agent Details

Century21 Southampton, Southampton

0238 214 5371

Next Steps?

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