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

Somerset Road, Southampton, Hampshire, SO17 3AA - 8 views - 6 months ago

Sold STC
HMO
ROI: 7%
~93 m²
+10 photos

ValuationUndervalued

Sold Prices£165K - £575K
Sold Prices/m²£2.2K/m² - £5.7K/m²

 

 

Square Metres

~93 m²
Price/m²£2.9K/m²

Value Estimate

£299,074
BMV11%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£67,500

Stamp Duty & Legal Fees

£10,300

Total Cash In

£77,800

 

 

Cash Out

 

Room Rate

£550

Gross Rent

£2,200

Running Costs/mo

£1,772

Cashflow/mo

£428

Cashflow/yr

£5,135

ROI

7%

Gross Yield

10%

Local Sold Prices

50 sold prices from £165K to £575K, average is £292.5K. £2.2K/m² to £5.7K/m², average is £3.3K/m².

PriceDateDistanceAddressBeds 
£335K10/220.04 mi94, Welbeck Avenue, Highfield, Southampton SO17 1SN3
£338K06/230.11 mi15, Arnold Road, Southampton SO17 1TF3
£375K06/230.14 mi56, Kitchener Road, Southampton SO17 3SG3
£260K02/230.16 mi9, Sirdar Road, Southampton SO17 3SH3
£345K06/230.17 mi6, Grosvenor Close, Southampton SO17 1RR3
£357K08/230.18 mi4, Donnington Grove, Southampton SO17 1RW3
£235K11/200.22 mi6, Sherborne Road, Southampton SO17 3RJ3
£385K04/210.23 mi17, Blenheim Gardens, Southampton SO17 3RN3
£168K03/210.24 mi35, Broadlands Road, Southampton SO17 3AP3
£275K11/220.27 mi128, Broadlands Road, Southampton SO17 3AR3
£240K03/220.27 mi16, Broadlands Road, Southampton SO17 3AR3
£385K06/230.27 mi4, Merton Road, Highfield, Southampton SO17 3RD3
£310K07/210.28 mi42, Ripstone Gardens, Highfield, Southampton SO17 3RE3
£273K12/200.29 mi148, Osborne Road North, Southampton SO17 2FF3
£257K02/210.29 mi168, Osborne Road North, Southampton SO17 2FF3
£200K03/210.29 mi6, Kent Road, Southampton SO17 2LH3
£250K03/210.29 mi104, Kent Road, Southampton SO17 2LH3
£315K02/210.29 mi66, Kent Road, Southampton SO17 2LH3
£248K12/200.3 mi3, Mayfield Road, Southampton SO17 3SW3
£310K07/230.31 mi161, Osborne Road North, Southampton SO17 2FH3
£249.9K03/220.32 mi344, Priory Road, St Denys, Southampton SO17 2LQ3
£390K11/200.32 mi16, Church Lane, Southampton SO17 1SZ3
£295K03/210.33 mi11, Hartley Avenue, Southampton SO17 3QY3
£575K09/220.34 mi31, Church Lane, Southampton SO17 1SY3
£535K06/210.35 mi43, Church Lane, Southampton SO17 1SY3
£255K11/220.36 mi5, Kent Road, Southampton SO17 2LJ3
£287K12/220.36 mi33, Aberdeen Road, Southampton SO17 2LL3
£325K12/210.37 mi12, Aberdeen Road, Southampton SO17 2LN3
£295K09/230.37 mi131, Harrison Road, Southampton SO17 3TL3
£257.5K07/230.4 mi74, St Denys Road, Southampton SO17 2FL3
£365K12/220.4 mi34, Hilldown Road, Southampton SO17 1SX3
£355K01/230.4 mi157, Broadlands Road, Southampton SO17 3AQ3
£254K01/210.4 mi324, Priory Road, Southampton SO17 2LS3
£165K11/200.4 mi288a, Priory Road, St Denys, Southampton SO17 2LS3
£227K05/210.4 mi266, Priory Road, Southampton SO17 2LS3
£205K08/230.4 mi284, Priory Road, St Denys, Southampton SO17 2LS3
£500K11/210.4 mi32, Glebe Court, Southampton SO17 1RH3
£290K12/200.4 mi29, Glebe Court, Southampton SO17 1RH3
£550K09/220.4 mi33, Glebe Court, Southampton SO17 1RH3
£484.8K10/220.41 mi12, Glebe Court, Southampton SO17 1RH3
£270K07/210.42 mi105, Mayfield Road, Southampton SO17 3SY3
£350K10/220.42 mi169, Mayfield Road, Southampton SO17 3SY3
£255K05/210.42 mi151, Mayfield Road, Southampton SO17 3SY3
£270K07/210.42 mi105, Mayfield Road, Southampton SO17 3SY3
£312K09/220.43 mi89, Harefield Road, Southampton SO17 3TG3
£280K03/220.43 mi199, Priory Road, St Denys, Southampton SO17 2LR3
£460K12/220.43 mi7, Glebe Court, Southampton SO17 1RH3
£260K03/230.43 mi20, Priory Close, Southampton SO17 2FR3
£280K03/210.46 mi82, Manor Farm Road, Southampton SO18 1NT3
£510K09/220.47 mi6, Orchards Way, Southampton SO17 1RD3

Local Area Statistics

Population in SO17

19,429

Population in Southampton

428,247

Town centre distance

0.74 miles away

Nearest school

0.10 miles away

Nearest train station

0.61 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-22%

Sales demand

Balanced market

Capital growth (5yrs)

+6%

Property History

Listed for £270,000

October 29, 2024

Sold for £189,950

2014

Sold for £72,950

1999

Sold for £52,000

1997

Floor Plans

Description

AUSITN & WYATT are pleased to announce the fantastic opportunity to purchase this Three bedroom student HMO situated in a central and well-established student location in Portswood.

Within close proximity to both the University and Southampton General Hospital. The property offers Three double bedrooms, a fitted kitchen, communal living area. Available for sale with no chain, this is an ideal purchase for first time or existing landlords looking to add to a current portfolio.

Southampton is a thriving city which achieved city status in 1964 due to its contribution to trade and the economy. The city centre has a range of extensive shopping and leisure facilities including the landmark West Quay shopping centre. Restaurants, bars and cafes cater for every taste and the Cinema de lux offers the finest film viewing experience.

Agent Details

Austin & Wyatt, Southampton

0238 144 9979

Next Steps?

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