Potential 4-Bed HMO, Southampton, SO17 3AR, £270,000

Broadlands Road, Portswood, Hampshire, SO17 3AR - 6 months ago

HMO
ROI: 8%
~97 m²
+9 photos

ValuationUndervalued

Sold Prices£168K - £575K
Sold Prices/m²£2.2K/m² - £3.9K/m²

 

 

Square Metres

~96.71 m²
Price/m²£2.8K/m²

Value Estimate

£312,661
BMV16%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£67,500

Stamp Duty & Legal Fees

£18,200

Total Cash In

£85,700

 

 

Cash Out

 

Room Rate

£585

Gross Rent

£2,340

Running Costs/mo

£1,803

Cashflow/mo

£537

Cashflow/yr

£6,445

ROI

8%

Gross Yield

10%

Local Sold Prices

50 sold prices from £168K to £575K, average is £257.5K. £2.2K/m² to £3.9K/m², average is £3.2K/m².

PriceDateDistanceAddressBeds 
£275K11/220 mi128, Broadlands Road, Southampton SO17 3AR3
£240K03/220 mi16, Broadlands Road, Southampton SO17 3AR3
£248K12/200.03 mi3, Mayfield Road, Southampton SO17 3SW3
£168K03/210.03 mi35, Broadlands Road, Southampton SO17 3AP3
£260K02/230.11 mi9, Sirdar Road, Southampton SO17 3SH3
£295K09/230.11 mi131, Harrison Road, Southampton SO17 3TL3
£375K06/230.13 mi56, Kitchener Road, Southampton SO17 3SG3
£312K09/220.16 mi89, Harefield Road, Southampton SO17 3TG3
£310K07/210.22 mi42, Ripstone Gardens, Highfield, Southampton SO17 3RE3
£235K11/200.23 mi6, Sherborne Road, Southampton SO17 3RJ3
£270K07/210.23 mi105, Mayfield Road, Southampton SO17 3SY3
£350K10/220.23 mi169, Mayfield Road, Southampton SO17 3SY3
£255K05/210.23 mi151, Mayfield Road, Southampton SO17 3SY3
£270K07/210.23 mi105, Mayfield Road, Southampton SO17 3SY3
£246K08/220.24 mi51, Woodcote Road, Southampton SO17 3TF3
£290K10/220.24 mi53, Woodcote Road, Southampton SO17 3TF3
£280K02/230.24 mi23, Bealing Close, Bassett, Southampton SO16 3AW3
£192.9K04/210.24 mi2, Bealing Close, Bassett, Southampton SO16 3AW3
£265K11/200.25 mi58, Langhorn Road, Southampton SO16 3TN3
£355K01/230.25 mi157, Broadlands Road, Southampton SO17 3AQ3
£385K06/230.27 mi4, Merton Road, Highfield, Southampton SO17 3RD3
£385K04/210.3 mi17, Blenheim Gardens, Southampton SO17 3RN3
£335K10/220.3 mi94, Welbeck Avenue, Highfield, Southampton SO17 1SN3
£275K04/210.31 mi24, Mead Crescent, Southampton SO18 2JL3
£220.5K05/230.32 mi65, Honeysuckle Road, Southampton SO16 3BT3
£253K04/230.32 mi143, Honeysuckle Road, Southampton SO16 3BT3
£205K11/210.34 mi144, Honeysuckle Road, Southampton SO16 3BW3
£205K08/210.34 mi114, Bluebell Road, Southampton SO16 3LP3
£295K03/210.35 mi11, Hartley Avenue, Southampton SO17 3QY3
£204K02/210.37 mi129, Bluebell Road, Southampton SO16 3LL3
£338K06/230.38 mi15, Arnold Road, Southampton SO17 1TF3
£224K12/200.39 mi3, Lilac Road, Southampton SO16 3AZ3
£220K02/210.39 mi151, Honeysuckle Road, Southampton SO16 3BQ3
£222.5K06/210.39 mi157, Bluebell Road, Southampton SO16 3LN3
£230K11/200.44 mi48, Laburnum Road, Southampton SO16 3LF3
£225K02/210.44 mi12, Laburnum Road, Southampton SO16 3LF3
£357K08/230.44 mi4, Donnington Grove, Southampton SO17 1RW3
£218.5K06/210.44 mi50, Laburnum Road, Southampton SO16 3LF3
£575K09/220.44 mi31, Church Lane, Southampton SO17 1SY3
£212K05/210.44 mi40, Bluebell Road, Southampton SO16 3LQ3
£345K06/230.44 mi6, Grosvenor Close, Southampton SO17 1RR3
£235K02/230.45 mi54, Laburnum Road, Southampton SO16 3LF3
£535K06/210.45 mi43, Church Lane, Southampton SO17 1SY3
£365K12/220.46 mi34, Hilldown Road, Southampton SO17 1SX3
£220K03/210.47 mi65, Laburnum Road, Southampton SO16 3LG3
£390K11/200.47 mi16, Church Lane, Southampton SO17 1SZ3
£230K10/210.49 mi174, Carnation Road, Bassett, Southampton SO16 3JF3
£235K12/210.49 mi126, Carnation Road, Southampton SO16 3JF3
£185K12/200.49 mi154, Carnation Road, Bassett, Southampton SO16 3JF3
£190K04/210.49 mi53, Carnation Road, Bassett, Southampton SO16 3JH3

Local Area Statistics

Population in SO17

19,429

Population in Southampton

428,247

Town centre distance

1 miles away

Nearest school

0.20 miles away

Nearest train station

0.62 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-22%

Sales demand

Balanced market

Capital growth (5yrs)

+6%

Property History

Price changed to £270,000

April 5, 2025

Price changed to £290,000

February 20, 2025

Listed for £300,000

October 8, 2024

Floor Plans

Description

  • THREE DOUBLE BEDROOMS +
  • TERRACED HOME +
  • PERFECT INVESTMENT OR FAMILY HOME +
  • SPACIOUS ACCOMODATION +
  • TWO BATHROOMS +
  • THREE RECEPTION ROOMS +
  • NO FORWARD CHAIN +
  • VIEWING ESSENTIAL +

Stanford Estate Agents are delighted to present this spacious three bedroom terraced home, offered with no forward chain. This fantastic property has previously been rented out as a five bedroom HMO and gives space to three double bedrooms, three reception rooms, two bathrooms and a large garden. An internal viewing is highly recommended.

Entrance Hall:
Smooth plaster ceiling, radiator, carpet flooring.

Sitting Room: (13'5" x 11'8")
Smooth plaster ceiling, double glazed bay window to front aspect, radiator, carpet flooring.

Family Room: (10'10" x 9'8")
Smooth plaster ceiling, double glazed window to rear aspect, radiator, carpet flooring.

Dining Room: (9'10" x 9'9")
Smooth plaster ceiling, double glazed window to side aspect, radiator, carpet flooring.

Kitchen: (14'2" x 6'2")
Smooth plaster ceiling, double glazed window to rear aspect, range of wall and base level units with built in four ring gas hob and oven, space and plumbing for a washing machine, fridge and freezer, door leading to rear garden.

Shower Room: (6'5" x 4'4")
Smooth plaster ceiling, walk-in shower, low level WC, hand wash basin, heated towel radiator, tiling from floor to ceiling.

First Flooring Landing:
Smooth plaster ceiling, carpet flooring, access to loft.

Master Bedroom: (14'10" x 11'6")
Smooth plaster ceiling, double glazed window to front aspect, radiator, carpet flooring.

Bedroom Two: (10'11" x 9'6")
Smooth plaster ceiling, double glazed window to rear aspect, radiator, carpet flooring.

Bedroom Three: (9'11" x 8'4")
Smooth plaster ceiling, double glazed window to rear aspect, radiator, carpet flooring.

Shower Room: (6'10" x 4'4")
Smooth plaster ceiling, obscure double glazed window to side aspect, shower cubicle, low level WC, hand wash basin, heated towel radiator.

Front Garden:
Mainly laid to lawn, steps and footpath leading to front door.

Rear Garden:
Large rear garden, mainly laid to lawn with mature shrub and hedgerow borders.

OTHER INFORMATION:
LOCAL COUNCIL: Southampton City Council
COUNCIL TAX BAND: B
SELLERS POSTION: No Forward Chain

Agent Details

Stanford Estate Agents, Bitterne

0238 001 5079

Next Steps?

This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪