Potential 4-Bed HMO, Southampton, SO15 5EE, £360,000

89 Stafford Road, Southampton, SO15 5EE - 3 views - 6 months ago

Sold STC
HMO
ROI: 4%
138 m²
+5 photos

ValuationUndervalued

Sold Prices£145K - £520K
Sold Prices/m²£2.5K/m² - £4.6K/m²

 

 

Square Metres

138 m²
Price/m²£2.6K/m²

Value Estimate

£428,179
BMV19%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£90,000

Stamp Duty & Legal Fees

£17,500

Total Cash In

£107,500

 

 

Cash Out

 

Room Rate

£620

Gross Rent

£2,480

Running Costs/mo

£2,143

Cashflow/mo

£337

Cashflow/yr

£4,043

ROI

4%

Gross Yield

8%

Local Sold Prices

50 sold prices from £145K to £520K, average is £307K. £2.5K/m² to £4.6K/m², average is £3.1K/m².

PriceDateDistanceAddressBeds 
£309K03/210 mi87, Stafford Road, Southampton SO15 5EE3
£313.5K03/210.02 mi88, Stafford Road, Southampton SO15 5ED3
£410K06/230.06 mi69, Howard Road, Shirley, Southampton SO15 5BG3
£208.5K01/210.13 mi12, Paynes Road, Southampton SO15 3DJ3
£315K12/200.16 mi11, Lisbon Road, Southampton SO15 3DF3
£350K03/230.17 mi10, Arthur Road, Southampton SO15 5DY3
£285K11/210.18 mi42, Charlton Road, Southampton SO15 5FN3
£345K02/230.18 mi24, Charlton Road, Shirley, Southampton SO15 5FN3
£325K02/230.18 mi18, Charlton Road, Shirley, Southampton SO15 5FN3
£297.5K08/230.19 mi47, Charlton Road, Shirley, Southampton SO15 5FL3
£338K01/230.19 mi29, Nightingale Road, Southampton SO15 3EL3
£418K02/230.19 mi6, Lumsden Avenue, Southampton SO15 5EL3
£268K06/210.19 mi72, Malmesbury Road, Shirley, Southampton SO15 5FQ3
£285K12/200.19 mi34, Nightingale Road, Southampton SO15 3EL3
£270K03/230.19 mi7, Dyer Road, Southampton SO15 3EH3
£260K12/200.2 mi16, Kingston Road, Southampton SO15 3DB3
£395K03/230.2 mi34, Lumsden Avenue, Southampton SO15 5EL3
£270K01/210.21 mi76, Park Road, Freemantle, Southampton SO15 3DE3
£145K01/230.21 mi13, Harold Road, Southampton SO15 3HN3
£290K05/230.23 mi9, Harold Road, Southampton SO15 3HN3
£295K06/210.23 mi9, Newlands Avenue, Southampton SO15 5EP3
£270K02/210.23 mi15, Norfolk Road, Southampton SO15 5AT3
£385.6K05/210.23 mi25, Norfolk Road, Southampton SO15 5AT3
£390K07/230.25 mi22, Newlands Avenue, Southampton SO15 5ER3
£240K04/230.25 mi26, Andover Road, Southampton SO15 3AX3
£347.5K09/210.26 mi69, Newlands Avenue, Southampton SO15 5EQ3
£260.5K04/210.27 mi3, Grove Road, Freemantle, Southampton SO15 3HH3
£300K11/220.28 mi9, Queenstown Road, Southampton SO15 3BG3
£385K11/200.29 mi51, Hill Farm Road, Southampton SO15 5SR3
£380K11/220.29 mi50, Hill Farm Road, Southampton SO15 5SR3
£210K02/210.29 mi44, Sir Georges Road, Southampton SO15 3AT3
£425K06/230.29 mi94, Newlands Avenue, Southampton SO15 5ES3
£456K04/230.29 mi96, Newlands Avenue, Southampton SO15 5ES3
£320K06/210.32 mi70, Norfolk Road, Southampton SO15 5AQ3
£355.5K06/210.32 mi62, Norfolk Road, Southampton SO15 5AQ3
£305K04/230.32 mi119, Hill Lane, Southampton SO15 5AE3
£280.5K10/210.32 mi62, Wolseley Road, Southampton SO15 3EQ3
£335K01/210.32 mi31, Alexandra Road, Southampton SO15 5DH3
£285K04/210.33 mi38a, Nelson Road, Southampton SO15 3DW3
£285K02/210.34 mi28, Silverdale Road, Southampton SO15 2NG3
£170K06/230.35 mi60a, Waterloo Road, Southampton SO15 3BE3
£390K11/200.35 mi41, Janson Road, Shirley, Southampton SO15 5GL3
£265K06/210.37 mi40, Trafalgar Road, Freemantle, Southampton SO15 3EA3
£520K12/220.38 mi45, Evelyn Crescent, Southampton SO15 5JF3
£280K01/230.38 mi37, Grove Road, Freemantle, Southampton SO15 3GH3
£240K12/220.39 mi37, Randolph Street, Shirley, Southampton SO15 3HF3
£380K06/210.39 mi2, Mulberry Walk, Southampton SO15 5GA3
£300K01/230.39 mi3, Mulberry Walk, Southampton SO15 5GA3
£315K03/230.39 mi4, Treeside Road, Southampton SO15 5FZ3
£440K11/220.39 mi28, Treeside Road, Southampton SO15 5FZ3

Local Area Statistics

Population in SO15

41,701

Population in Southampton

428,247

Town centre distance

1.33 miles away

Nearest train station

0.60 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-20%

Sales demand

Balanced market

Capital growth (5yrs)

+15%

Property History

Listed for £360,000

October 29, 2024

Sold for £45,000

1995

Floor Plans

Description

  • Offered For Sale with No Forward Chain +
  • A Period Terraced Property +
  • The Property is a Licensed HMO but would also suit a purchaser looking for a Spacious Family Home +
  • Two Reception Rooms +
  • Open Plan Kitchen/Dining/Living Room +
  • Three Bedrooms on the First Floor +
  • Bathroom & Separate Shower Room +
  • Off Road Parking +
  • Private Rear Garden +
  • Double Glazing & Gas Central Heating +

Offered for sale with no forward chain, this period, terraced property is located in the popular Shirley district close to the local high street and St. Marks school. The property is a licensed HMO and is currently laid out as such with five bedrooms over two floors. The property would also suit a purchaser looking for a spacious family home with accommodation comprising entrance hall, sitting room, family room, open plan kitchen/dining/ living room which measures over 28ft in length. Three well proportioned bedrooms on the first floor as well as bathroom and separate shower room. Externally, there is a full width dropped kerb to the front of the property for off road parking and a private rear garden. Further benefits include, double glazing and gas central heating. 

ENTRANCE HALL:
Coving to textured ceiling. Radiator. Stairs to first floor. Doors to all rooms.

SITTING ROOM/BEDROOM FIVE:
Double glazed bay window to front aspect. Smooth ceiling. Radiator.

FAMILY ROOM/BEDROOM FOUR:
Double glazed window to rear aspect. Smooth ceiling. Radiator.

OPEN PLAN KITCHEN/DINING/LIVING AREA:
Two windows to side aspect. Double glazed window to rear aspect. Smooth ceiling. Two radiators. Wall mounted combination boiler. Single drainer sink unit with mixer tap and cupboard under. A range of matching eye level and base mounted units with roll top work surface over. Built-in oven. Fitted four ring electric hob with extractor over. Space and plumbing for washing machine. Space for fridge/freezer. Door to rear garden.

FIRST FLOOR LANDING:
Smooth ceiling. Fixed staircase to attic room. Doors to all rooms.

BEDROOM ONE:
Three double glazed windows to front aspect. Smooth ceiling. Radiator.

BEDROOM TWO:
Double glazed window to rear aspect. Smooth ceiling. Radiator.

BEDROOM THREE:
Double glazed window to rear aspect. Smooth ceiling. Three radiators.

BATHROOM:
Obscure glass window to side aspect. Low level flush w.c., wash basin with mixer tap and panel enclosed bath with mixer tap and shower attachment. Radiator.

SHOWER ROOM:
Double glazed obscure glass window to side aspect. Smooth ceiling. Vanity wash basin with cupboard under, low level flush w.c. and tiled shower cubicle. Radiator.

OUTSIDE:
The front garden has a driveway laid to block paviour offering parking for one vehicle. Path to main entrance door.

The rear garden is principally laid to lawn with paved patio seating area. Garden shed. Gated pedestrian access to the rear.

COUNCIL TAX
Southampton City Council

BAND:       C
CHARGE:  £1,917.33
YEAR:       2024/2025

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Agent Details

Pearsons, Southampton

0238 023 3288

Next Steps?

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