5 Bed HMO, Southampton, SO14 6QW, £500,000

17 & 17a Oxford Road, Southampton, SO14 6QW - 7 months ago

HMO
Refurb/BRRR
~178 m²
+14 photos

ValuationOvervalued

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

 

 

Square Metres

~178.28 m²
Price/m²£2.8K/m²

Value Estimate

£471,269

 

 

End Value (After Refurb)

£559,319

Uplift in Value

+12%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£125,000

Stamp Duty & Legal Fees

£38,700

Refurb Costs

£79,999

Bridging Loan Interest

£13,125

Total Cash In

£258,574

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£559,319

Mortgage (After Refinance)

£419,489

Mortgage LTV

75%

Cash Released

£44,489

Cash Left In

£214,085

Equity

£139,830

Room Rate

£375

Gross Rent

£1,875

Running Costs/mo

£2,780

Cashflow/mo

£-905

Cashflow/yr

£-10,862

Gross Yield

5%

Local Sold Prices

31 sold prices from £236K to £922.5K, average is £435K. £725/m² to £4K/m², average is £2.7K/m².

PriceDateDistanceAddressBeds 
£400K02/210.13 mi57, Cedar Road, Southampton SO14 6TQ5
£475K04/210.16 mi29, Avenue Road, Southampton SO14 6TR5
£405K04/230.18 mi2, Brighton Road, Southampton SO15 2JJ5
£275K11/200.19 mi131, Earls Road, Southampton SO14 6TZ5
£499K09/220.22 mi114, Alma Road, Southampton SO14 6UW5
£375K05/220.27 mi79, Gordon Avenue, Portswood, Southampton SO14 6WB5
£435K02/210.43 mi42, Gordon Avenue, Portswood, Southampton SO14 6WD5
£750K11/200.44 mi11, Westrow Road, Southampton SO15 2NA5
£340K01/230.45 mi8, Berkeley Close, Polygon, Southampton SO15 2TR5
£272.5K02/210.47 mi33, Shakespeare Avenue, Portswood, Southampton SO17 2HA5
£710K05/220.48 mi6, Blenheim Avenue, Southampton SO17 1DU5
£480K09/220.56 mi41, Westridge Road, Southampton SO17 2HP5
£922.5K04/230.58 mi12, Westbourne Crescent, Southampton SO17 1EE5
£295K06/210.58 mi36, Newcombe Road, Southampton SO15 2FS5
£360K06/210.6 mi56, Devonshire Road, Southampton SO15 2GN5
£282K11/200.61 mi104, Tennyson Road, Southampton SO17 2HH5
£725K07/220.62 mi14, Oakmount Avenue, Southampton SO17 1DR5
£835K01/220.62 mi26, Oakmount Avenue, Southampton SO17 1DR5
£240K03/220.62 mi85, Tennyson Road, Southampton SO17 2HG5
£286K12/220.66 mi99, St Andrews Road, Southampton SO14 0AE5
£728K10/220.67 mi20, Atherley Court, Southampton SO15 7NG5
£495K11/210.7 mi33, Thornbury Avenue, Southampton SO15 5BQ5
£330K07/230.76 mi95, Atherley Road, Southampton SO15 5DT5
£410K08/210.8 mi43, Heatherdeane Road, Southampton SO17 1PA5
£480K12/200.86 mi53, Howard Road, Southampton SO15 5BE5
£236K02/210.89 mi56, Bitterne Road West, Southampton SO18 1AP5
£520K10/210.91 mi22, Eastbourne Avenue, Southampton SO15 5HT5
£690K05/230.93 mi44, Shaftesbury Avenue, Southampton SO17 1SD5
£460K03/210.93 mi68, Shaftesbury Avenue, Southampton SO17 1SD5
£420K09/210.97 mi85, Janson Road, Shirley, Southampton SO15 5GL5
£620K11/210.98 mi24, Grosvenor Road, Southampton SO17 1RT5

Local Area Statistics

Population in SO14

27,223

Population in Southampton

428,247

Town centre distance

0.42 miles away

Nearest school

0.10 miles away

Nearest train station

0.65 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 £500,000

February 4, 2025

Listed for £520,000

September 18, 2024

Floor Plans

Description

  • Two dwellings HMO & Family home +
  • Off road parking +
  • Low maintenance gardens +
  • HMO Fully licensed +
  • Second dwelling a big family home +
  • Desired location +
  • Excellent yield Currently tenanted +
  • Moden kitchens and bathrooms in both +
  • Potential to extended or convert +
  • A must see property +

Property Description for 17 & 17a Oxford Road, Southampton, SO14 6QW

Welcome to 17 & 17a Oxford Road, a unique investment opportunity located in the heart of Southampton. This substantial five-bedroom property is divided into two separate dwellings, offering versatile living spaces, making it ideal for investors, multi-generational families, or those looking for a home with rental potential. 

Main Dwelling (17 Oxford Road): This self-contained unit is perfect for generating additional rental income with full HMO Licensing and planning or as an annex for extended family. 

Ground Floor: A comfortable lounge/diner (4.40m x 2.64m) leads into a functional kitchen (2.28m x 3.20m) equipped with everything needed for a second household.

Two large double bedroom (Bedroom 4: 3.80m x 3.20m), (Bedroom 5: 3.64m x 3.64m) ideal for guests or tenants, ensures plenty of space.

A separate shower room provides convenience for this part of the property. 

First Floor: The first dwelling also includes Bedroom 1: 4.31m x 2.84m, Bedroom 2: 3.73m x 3.10m, Bedroom 3: 3.63m x 3.64m, are ideal for accommodating larger families or offering further rental potential.

Exterior: The property benefits from a private garden at the rear, offering an outdoor space for both dwellings to enjoy. With the possibility of enhancing this space, it provides a peaceful retreat for tenants or family members.

Location: Situated in the vibrant and desirable area of Oxford Road, Southampton, this property offers excellent access to local amenities, schools, transport links, and the bustling city centre. Southampton Solent University and St. Mary's Stadium are within walking distance, making it a prime location for students and professionals alike. 

Second Dwelling (17A Oxford Road):  

Ground Floor: A bright and spacious living room (3.68m x 2.71m) with a front-facing window allows natural light to flood in, creating a cosy and inviting atmosphere.

The reception room / 4 Bedroom (3.70m x 2.71m) offers additional living space or could be used as a home office or study.

A dining area (3.83m x 3.00m) perfect for family meals and entertaining, leading to a well-equipped kitchen (3.80m x 2.38m) with access to the rear garden.

A bathroom (1.59m x 1.61m) conveniently located on the ground floor, alongside a separate shower room (2.43m x 2.10m) providing flexibility for larger households. 

First Floor: Three well-proportioned bedrooms (Bedroom 1: 2.30m x 2.92m Bedroom 2: 3.41m x 2.49m, Bedroom 3 offering ample storage and space for family members or tenants.

A further bathroom (1.87m x 2.20m) serves the first floor, offering convenience for the upstairs occupants.

Exterior: The property benefits from a private garden at the rear, offering an outdoor space for both dwellings to enjoy. With the possibility of enhancing this space, it provides a peaceful retreat for tenants or family members.

Location: Situated in the vibrant and desirable area of Oxford Road, Southampton, this property offers excellent access to local amenities, schools, transport links, and the bustling city centre. Southampton Solent University and St. Mary's Stadium are within walking distance, making it a prime location for students and professionals alike.

This versatile property offers fantastic potential for investors seeking multiple rental opportunities or a family looking to create a home with an additional income stream. With scope for further improvement and modernisation, this property is a must-see.

Viewing highly recommended to appreciate the full potential of 17 & 17a Oxford Road.

Agent Details

Kings Estates, Southampton

0238 202 7993

Next Steps?

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