5 Bed HMO, Southampton, SO14 6TW, £380,000

Avenue Road, Southampton, SO14 6TW - 5 months ago

HMO
~178 m²
+7 photos

ValuationUndervalued

Sold Prices£236K - £922.5K
Sold Prices/m²£725/m² - £4K/m²

 

 

Square Metres

~178.28 m²
Price/m²£2.1K/m²

Value Estimate

£463,600
BMV22%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£95,000

Stamp Duty & Legal Fees

£29,200

Total Cash In

£124,200

 

 

Cash Out

 

Room Rate

£460

Gross Rent

£2,300

Running Costs/mo

£2,257

Cashflow/mo

£43

Cashflow/yr

£513

ROI

0%

Gross Yield

7%

Local Sold Prices

33 sold prices from £236K to £922.5K, average is £435K. £725/m² to £4K/m², average is £2.8K/m².

PriceDateDistanceAddressBeds 
£400K02/210.08 mi57, Cedar Road, Southampton SO14 6TQ5
£375K05/220.08 mi79, Gordon Avenue, Portswood, Southampton SO14 6WB5
£275K11/200.08 mi131, Earls Road, Southampton SO14 6TZ5
£475K04/210.11 mi29, Avenue Road, Southampton SO14 6TR5
£499K09/220.14 mi114, Alma Road, Southampton SO14 6UW5
£435K02/210.23 mi42, Gordon Avenue, Portswood, Southampton SO14 6WD5
£710K05/220.31 mi6, Blenheim Avenue, Southampton SO17 1DU5
£272.5K02/210.31 mi33, Shakespeare Avenue, Portswood, Southampton SO17 2HA5
£405K04/230.33 mi2, Brighton Road, Southampton SO15 2JJ5
£922.5K04/230.41 mi12, Westbourne Crescent, Southampton SO17 1EE5
£480K09/220.43 mi41, Westridge Road, Southampton SO17 2HP5
£725K07/220.44 mi14, Oakmount Avenue, Southampton SO17 1DR5
£835K01/220.44 mi26, Oakmount Avenue, Southampton SO17 1DR5
£282K11/200.44 mi104, Tennyson Road, Southampton SO17 2HH5
£240K03/220.45 mi85, Tennyson Road, Southampton SO17 2HG5
£750K11/200.56 mi11, Westrow Road, Southampton SO15 2NA5
£340K01/230.61 mi8, Berkeley Close, Polygon, Southampton SO15 2TR5
£410K08/210.61 mi43, Heatherdeane Road, Southampton SO17 1PA5
£728K10/220.71 mi20, Atherley Court, Southampton SO15 7NG5
£690K05/230.74 mi44, Shaftesbury Avenue, Southampton SO17 1SD5
£460K03/210.74 mi68, Shaftesbury Avenue, Southampton SO17 1SD5
£295K06/210.76 mi36, Newcombe Road, Southampton SO15 2FS5
£620K11/210.79 mi24, Grosvenor Road, Southampton SO17 1RT5
£360K06/210.79 mi56, Devonshire Road, Southampton SO15 2GN5
£495K11/210.81 mi33, Thornbury Avenue, Southampton SO15 5BQ5
£593.5K06/210.82 miOrchard Cottage, Hawthorn Road, Southampton SO17 1PX5
£250K02/210.83 mi8, Arnold Road, Southampton SO17 1TG5
£250K02/210.83 mi8, Arnold Road, Southampton SO17 1TG5
£286K12/220.84 mi99, St Andrews Road, Southampton SO14 0AE5
£236K02/210.86 mi56, Bitterne Road West, Southampton SO18 1AP5
£330K07/230.87 mi95, Atherley Road, Southampton SO15 5DT5
£520K10/210.93 mi22, Eastbourne Avenue, Southampton SO15 5HT5
£480K12/200.99 mi53, Howard Road, Southampton SO15 5BE5

Local Area Statistics

Population in SO14

27,223

Population in Southampton

428,247

Town centre distance

0.32 miles away

Nearest school

0.20 miles away

Nearest train station

0.54 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+2%

Sales demand

Buyer's market

Capital growth (5yrs)

+7%

Property History

Price changed to £380,000

April 1, 2025

Listed for £400,000

November 16, 2024

Floor Plans

Description

  • GREAT INVESTMENT OPPORTUNITY +
  • HMO WITH CERTIFICATE OF LAWFUL USE +
  • FIVE DOUBLE BEDROOMS +
  • THREE BATHROOMS +
  • SPACIOUS COMMUNAL OPEN PLAN LIVING ROOM/KITCHEN +
  • REAR GARDEN +
  • POPULAR WITH STUDENTS +
  • CURRENT GROSS YIELD 6.9% +

Currently let at an annual rent of £27,600 with a gross yield of 6.9% PLUS a new tenancy in place for 2025-2026,  this is a fabulous five bedroom HMO which has proven to be very popular with tenants, both groups of students and professionals.   Tenants enjoy socialising in the large communal open plan kitchen & living room which is comfortably furnished with sofas and coffee table and looks out into the large rear garden.  The fitted kitchen has an abundance of worktop & cupboard space with a large fridge/freezer, oven ,hob & washing machine - plenty of room to rustle up a meal or late night snack.   The five bedrooms are are sizeable doubles with room to make a peaceful haven from the hustle & bustle to sleep and study. Completing the accommodation are the three bathrooms - one with shower over bath, one with shower enclosure & one lucky bedroom with an en-suite shower room. To the rear there is a large garden to enjoy the sunshine plus a large brick-built shed to store bicycles etc. Plus an added bonus of space for two cars in the driveway. Located on Avenue Road inbeween Portswood & The Avenue,  it has good access to the shops, bars & restaurants of Portswood and the city centre with its vast choice of eating and recreational amenities.  It is popular with students attending both Southampton University and Solent University with good access to both.  

PRACTICALITIES: Title : Freehold  EPC Rating: D Council Tax Band: D (£2156.99 for 2023/24) HMO licence for 5 persons  Planning : The property has been granted the Certificate of Lawful Use No Chain

We endeavour to make our sales particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact. Any services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. All measurements have been taken as a guide to prospective buyers only, and are not precise. If you require clarification or further information on any points, please contact us, especially if you are travelling some distance to view. Fixtures and fittings other than those mentioned are to be agreed with the seller by separate negotiation. EPC rating: D. Tenure: Freehold,

Agent Details

Belvoir, Southampton

0238 001 6688

Next Steps?

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