6 Bed HMO, Southampton, SO17 3AR, £370,000

Broadlands Road, Southampton, Hampshire, SO17 3AR - 1 views - 6 months ago

Sold STC
HMO
ROI: 1%
~186 m²
+15 photos

ValuationUndervalued











Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£92,500

Stamp Duty & Legal Fees

£18,300

Total Cash In

£110,800

 

 

Cash Out

 

Room Rate

£400

Gross Rent

£2,400

Running Costs/mo

£2,330

Cashflow/mo

£70

Cashflow/yr

£840

ROI

1%

Gross Yield

8%













Property History

Listed for £370,000

October 23, 2024

Sold for £89,950

2000

Sold for £89,950

2000

Floor Plans

Description

  • 6 Bedrooms +
  • Large Kitchen Reception room +
  • 2 Shower rooms +
  • Utility Room +
  • Gardens to front and rear +
  • £28,5000 per annum revenue (internet paid only £300PA) +
  • Good condition throughout +
  • Being sold ready to rent +
  • 7.7% Yeild +

* Calling all Investors *
This superb end of terrace HMO presents a wonderful opportunity for any Investor seeking a spacious and well-maintained property in a desirable location. Boasting six bedrooms, this bright and comfortable home offers ample space for both living and entertaining. The property features a lovely garden, perfect for enjoying outdoor activities or simply relaxing in the fresh air. With a rental yield of 7.7 % and producing and yearly income of £28,800, this property also represents a lucrative investment opportunity for those looking to expand their portfolio. Situated in a sought-after area, this house is conveniently located close to amenities, the university of Southampton and transport links, making it an ideal choice for investors alike. Don't miss out on the chance to own this beautiful property - arrange a viewing today!

‘’These particulars are believed to be correct and have been verified by or on behalf of the Vendor. However any interested party will satisfy themselves as to their accuracy and as to any other matter regarding the Property or its location or proximity to other features or facilities which is of specific importance to them. Distances and areas are only approximate and unless otherwise stated fixtures contents and fittings are not included in the sale. Prospective purchasers are always advised to commission a full inspection and structural survey of the Property before deciding to proceed with a purchase.

Successful buyers will be required to complete online identity checks provided by Lifetime Legal. The cost of these checks is £80 inc. VAT per purchase which is paid in advance, directly to Lifetime Legal. This charge verifies your identity in line with our obligations as agreed with HMRC and includes mover protection.

Agent Details

Leaders Sales, Southampton

0238 202 5502

Next Steps?

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

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