6 Bed HMO, Southampton, SO15 2AZ £300,000

Ordnance Road, Southampton, SO15 2AZ - 3 views - a year ago
Sold STC
Leasehold
HMO
ROI: 3%
~128 m²
Property image
Property image

ValuationUndervalued

Sold Prices£245K - £1.1M
Sold Prices/m²£1.6K/m² - £7.1K/m²

 

 

Square Metres

~127.80 m²
Price/m²£2.3K/m²

Value Estimate

£369,000
BMV23%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£75,000

Stamp Duty & Legal Fees

£21,200

Total Cash In

£96,200

 

 

Cash Out

 

Room Rate

£389

Gross Rent

£2,334

Running Costs/mo

£2,075

Cashflow/mo

£259

Cashflow/yr

£3,111

ROI

3%

Gross Yield

9%

Local Sold Prices

24 sold prices from £245K to £1.1M, average is £715K. £1.6K/m² to £7.1K/m², average is £3.2K/m².

Price
Date
Distance
Address
Beds
 
£245K04/250.3 mi141, St Marys Road, Southampton SO14 0BB6
£245K04/250.3 mi141, St Marys Road, Southampton SO14 0BB6
£445K07/220.58 mi115, Alma Road, Southampton SO14 6UY6
£905K06/220.82 mi4, Blenheim Avenue, Southampton SO17 1DU6
£960K08/230.87 mi11, Blenheim Avenue, Southampton SO17 1DW6
£420K10/220.92 mi22, Westridge Road, Southampton SO17 2HQ6
£1.1M10/241 mi34, Brookvale Road, Southampton SO17 1QR6
£1.1M10/241 mi34, Brookvale Road, Southampton SO17 1QR6
£1.1M10/241.05 mi17, Abbotts Way, Southampton SO17 1NW6
£750K08/221.08 mi70, Orchards Way, Southampton SO17 1RE6
£950K04/221.15 mi118, Highfield Lane, Highfield, Southampton SO17 1NP6
£1.1M12/231.15 mi116, Highfield Lane, Southampton SO17 1NP6
£550K09/211.28 mi22, Gurney Road, Southampton SO15 5GG6
£715K11/241.37 mi11, Furzedown Road, Southampton SO17 1PN6
£715K11/241.38 mi11, Furzedown Road, Southampton SO17 1PN6
£655K10/241.39 mi2, University Road, Southampton SO17 1TJ6
£705K12/221.6 mi121, Burgess Road, Southampton SO16 7AE6
£895K10/211.73 mi45, Bassett Avenue, Southampton SO16 7DP6
£300K05/211.82 mi3, Underwood Close, Southampton, Hampshire SO32 2GW6
£420K06/232.04 mi314, Middle Road, Sholing, Southampton SO19 8NT6
£920K01/232.18 mi73, Holly Hill, Southampton SO16 7ES6
£950K06/212.66 mi31, Astra Court, Hythe, Southampton, Hampshire SO45 6DZ6
£655K09/212.69 mi31, Wilderness Heights, West End, Southampton, Hampshire SO18 3PS6
£640K05/232.81 mi25, Oak Vale, West End, Southampton, Hampshire SO30 3SE6

Local Area Statistics

Population in SO15

41,701

Population in Southampton

428,247

Town centre distance

0.67 miles away

Nearest school

0.20 miles away

Nearest train station

0.66 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+22%

Sales demand

Seller's market

Capital growth (5yrs)

+13%

Property History

Listed for £300,000

October 1, 2024

Floor Plans

Property image

Description

  • 6 bedroom HMO +
  • Great investment opportunity +
  • Generating up to £28,000 pa +
  • 2 Bathrooms +
  • Lounge and Dining Room +
  • Double Glazed +
  • Gas heating +
  • No forward Chain +

SUMMARY
Fox and Sons Southampton have pleasure in offering for sale this substantial 6-bedroom H.M.O property generating an income up to £28,000 pa, giving over a 9% return on your investment. Located in the very popular Ordnance Road situated in the heart of Southampton,

DESCRIPTION
Fox and Sons Southampton have pleasure in offering for sale this substantial 6-bedroom H.M.O property generating an income up to £28,000 pa, giving over a 9% return on your investment. Located in the very popular Ordnance Road situated in the heart of Southampton, this property is perfectly positioned for easy access to Solent University, Southampton University and the City Centre. The property comprising of 6 lettable rooms, communal lounge and dining room, fitted kitchen and 2 bathrooms. Other benefits include double glazed windows, gas heating via radiators and an enclosed rear garden. Southampton City Centre is only a short walk or drive away with its comprehensive range of shopping facilities including the West Quay shopping centre. Southampton also boasts a main line railway station whilst the M3 can be accessed via The Avenue and the M27 via Thomas Lewis Way. Viewing is absolutely essential to appreciate what's on offer with this great investment property, accommodation and size.

Entrance  

Hallway 

Lounge 15' 3" x 13' 3" ( 4.65m x 4.04m )

Bedroom One 12' 3" x 11' ( 3.73m x 3.35m )

Dining Room 13' 7" x 8' 8" ( 4.14m x 2.64m )

Kitchen 7' 8" x 8' 3" ( 2.34m x 2.51m )

Shower Room 9' 9" x 4' 5" ( 2.97m x 1.35m )

Landing 

Bedroom Two 12' 5" x 8' 7" ( 3.78m x 2.62m )

Bedroom Three 12' 3" x 11' 1" ( 3.73m x 3.38m )

Bedroom Four 12' 1" x 8' 6" ( 3.68m x 2.59m )

Bedroom Five 10' 4" x 6' 1" ( 3.15m x 1.85m )

Bedroom Six 12' 5" x 6' 8" ( 3.78m x 2.03m )

Enclosed Rear Garden 

Additional Information 
Leasehold - 860 years remaining
Service Charge -Nil
Ground Rent - Nil

We currently hold lease details as displayed above, should you require further information please contact the branch. Please note additional fees could be incurred for items such as leasehold packs.

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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