6 Bed HMO, Southampton, SO14 7EB, £1,250,000

Portland Street, Southampton, SO14 7EB - 7 views - 5 months ago

HMO
Planning
~186 m²
+14 photos

ValuationOvervalued

Sold Prices£248K - £950K
Sold Prices/m²£2.2K/m² - £4.8K/m²

 

 

Square Metres

~186 m²
Price/m²£6.7K/m²

Value Estimate

£511,056

Investment Opportunity

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£312,500

Stamp Duty & Legal Fees

£104,950

Total Cash In

£417,450

 

 

Cash Out

 

Room Rate

£602

Gross Rent

£3,612

Running Costs/mo

£5,622

Cashflow/mo

£-2,010

Cashflow/yr

£-24,114

Gross Yield

3%

Local Sold Prices

26 sold prices from £248K to £950K, average is £432.5K. £2.2K/m² to £4.8K/m², average is £2.7K/m².

PriceDateDistanceAddressBeds 
£316K03/210.49 mi2, Jessie Terrace, Southampton SO14 3EF6
£310K04/211.13 mi50, Cambridge Road, Southampton SO14 6US6
£445K07/221.14 mi115, Alma Road, Southampton SO14 6UY6
£310K04/211.15 mi50, Cambridge Road, Southampton SO14 6US6
£645K01/211.25 mi201, Wilton Road, Southampton SO15 5JA6
£272.5K02/211.34 mi33, Shakespeare Avenue, Portswood, Southampton SO17 2HA6
£905K06/221.37 mi4, Blenheim Avenue, Southampton SO17 1DU6
£369.9K11/201.49 mi18, Westridge Road, Southampton SO17 2HQ6
£420K10/221.49 mi22, Westridge Road, Southampton SO17 2HQ6
£550K09/211.52 mi22, Gurney Road, Southampton SO15 5GG6
£750K08/221.66 mi70, Orchards Way, Southampton SO17 1RE6
£950K04/221.74 mi118, Highfield Lane, Highfield, Southampton SO17 1NP6
£765K03/211.84 mi2, Bellemoor Road, Southampton SO15 5JW6
£248K02/212.02 mi26, Cecil Avenue, Southampton SO16 4GN6
£775K03/212.03 mi344, Hill Lane, Southampton SO15 7PH6
£950K06/212.1 mi31, Astra Court, Hythe, Southampton, Hampshire SO45 6DZ6
£325K11/202.12 mi25, Sirdar Road, Southampton SO17 3SH6
£705K12/222.13 mi121, Burgess Road, Southampton SO16 7AE6
£480K12/202.14 mi196, Weston Lane, Southampton SO19 9HL6
£420K06/232.21 mi314, Middle Road, Sholing, Southampton SO19 8NT6
£895K10/212.27 mi45, Bassett Avenue, Southampton SO16 7DP6
£300K05/212.33 mi3, Underwood Close, Southampton, Hampshire SO32 2GW6
£325K01/212.43 mi96, Harefield Road, Southampton SO17 3TH6
£325K01/212.43 mi96, Harefield Road, Southampton SO17 3TH6
£325K01/212.43 mi96, Harefield Road, Southampton SO17 3TH6
£920K01/232.7 mi73, Holly Hill, Southampton SO16 7ES6

Local Area Statistics

Population in SO14

27,223

Population in Southampton

428,247

Town centre distance

1.24 miles away

Nearest school

0.40 miles away

Nearest train station

0.43 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+2%

Sales demand

Buyer's market

Capital growth (5yrs)

+7%

Property History

Listed for £1,250,000

October 23, 2024

Floor Plans

Description

Welcome to this exceptional Grade II listed property on Portland Street, in the heart of the city of Southampton, offering a unique blend of character and charm and versatile accommodation. The accommodation offers approximately 2,718 square feet located over five stories, including a self-contained basement apartment.  This property is currently a residential home with endless possibilities for future development, subject to planning permissions, and there’s also the potential to add a sixth floor, further expanding the accommodation or increasing its investment appeal, subject to planning.

The property’s five-story layout, coupled with its spacious rooms, makes it ideal for a variety of uses. Whether you're looking to maintain it as a grand main residence or convert it into separate dwellings, the possibilities are vast, subject to planning consents.  The main house could be reconfigured into three apartments in addition to the existing basement apartment, creating a total of four individual units.

There's also commercial Potential, with its central location and ample space, this property also offers the option to revert back to commercial use, subject to planning. It would suit a range of business ventures, from offices to retail, or even a boutique hotel.

There's also HMO Opportunity too, the property lends itself to becoming a House in Multiple Occupation (HMO), potentially offering studio-type apartments for renters. This is a fantastic opportunity for an investor looking to capitalise on the strong demand for rental accommodation in the area, subject to planning consents. 

Separate Title for Basement Apartment: The basement apartment, which has its own entrance and separate title, can be considered as a distinct investment opportunity.

As a Grade II listed building, this property boasts a wealth of period features, from its elegant façade to its high ceilings and original architectural details. Owning a piece of history in such a prime location is a rare opportunity.

Summary of accommodation

6 bedrooms, 2 reception rooms, 2 kitchens, 3 cloakrooms, 4 bathrooms - Front and rear access 

Prime Location:
Situated in the heart of Southampton, this property offers the best of city living. For those who require frequent access to London, the Southampton Central train station is within easy reach, providing fast and convenient connections to the capital. Additionally, the property is ideally located for university students, making it an attractive option for student accommodation. With shopping, dining, and cultural attractions all within walking distance, this property provides an enviable lifestyle in a vibrant urban setting.

This property isn’t just a home; it’s an investment in lifetime living. Whether you’re a family seeking a central location, an investor looking to expand your portfolio, or a professional requiring easy access to transport links, this property offers something for everyone. Its flexible layout and potential for development ensure that it can grow and adapt to your needs over time, making it a truly unique offering in Southampton's property market.

Agent Details

The Agency UK, Covering Nationwide

020 3910 6171

Next Steps?

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