5 Bed HMO, Southampton, SO15 2TJ, £350,000

1 Woodlands Way, Southampton, SO15 2TJ - 4 views - 4 months ago

Sold STC
HMO
ROI: 8%
132 m²
+24 photos

ValuationUndervalued

Sold Prices£240K - £922.5K
Sold Prices/m²£2.3K/m² - £4K/m²

 

 

Square Metres

132 m²
Price/m²£2.7K/m²

Value Estimate

£403,383
BMV15%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£87,500

Stamp Duty & Legal Fees

£16,700

Total Cash In

£104,200

 

 

Cash Out

 

Room Rate

£595

Gross Rent

£2,975

Running Costs/mo

£2,303

Cashflow/mo

£672

Cashflow/yr

£8,069

ROI

8%

Gross Yield

10%

Local Sold Prices

36 sold prices from £240K to £922.5K, average is £477.5K. £2.3K/m² to £4K/m², average is £3.1K/m².

PriceDateDistanceAddressBeds 
£499K09/220.22 mi114, Alma Road, Southampton SO14 6UW5
£475K04/210.27 mi29, Avenue Road, Southampton SO14 6TR5
£405K04/230.32 mi2, Brighton Road, Southampton SO15 2JJ5
£750K11/200.35 mi11, Westrow Road, Southampton SO15 2NA5
£375K05/220.36 mi79, Gordon Avenue, Portswood, Southampton SO14 6WB5
£728K10/220.36 mi20, Atherley Court, Southampton SO15 7NG5
£710K05/220.38 mi6, Blenheim Avenue, Southampton SO17 1DU5
£400K02/210.39 mi57, Cedar Road, Southampton SO14 6TQ5
£922.5K04/230.4 mi12, Westbourne Crescent, Southampton SO17 1EE5
£275K11/200.44 mi131, Earls Road, Southampton SO14 6TZ5
£340K01/230.45 mi8, Berkeley Close, Polygon, Southampton SO15 2TR5
£725K07/220.49 mi14, Oakmount Avenue, Southampton SO17 1DR5
£835K01/220.49 mi26, Oakmount Avenue, Southampton SO17 1DR5
£435K02/210.51 mi42, Gordon Avenue, Portswood, Southampton SO14 6WD5
£495K11/210.54 mi33, Thornbury Avenue, Southampton SO15 5BQ5
£520K10/210.56 mi22, Eastbourne Avenue, Southampton SO15 5HT5
£330K07/230.59 mi95, Atherley Road, Southampton SO15 5DT5
£295K06/210.63 mi36, Newcombe Road, Southampton SO15 2FS5
£272.5K02/210.65 mi33, Shakespeare Avenue, Portswood, Southampton SO17 2HA5
£420K09/210.66 mi85, Janson Road, Shirley, Southampton SO15 5GL5
£410K08/210.67 mi43, Heatherdeane Road, Southampton SO17 1PA5
£480K12/200.72 mi53, Howard Road, Southampton SO15 5BE5
£851K08/230.73 mi105, Upper Shirley Avenue, Southampton SO15 5NL5
£360K06/210.74 mi56, Devonshire Road, Southampton SO15 2GN5
£497.5K11/200.74 mi78, Wilton Road, Southampton SO15 5JP5
£240K03/220.75 mi85, Tennyson Road, Southampton SO17 2HG5
£282K11/200.75 mi104, Tennyson Road, Southampton SO17 2HH5
£480K09/220.78 mi41, Westridge Road, Southampton SO17 2HP5
£482K12/200.78 mi6, Cunard Avenue, Shirley, Southampton SO15 5GP5
£650K07/230.79 mi21, Cunard Avenue, Shirley, Southampton SO15 5GN5
£395K09/220.85 mi64, Shirley Avenue, Southampton SO15 5NJ5
£575.2K10/210.85 mi7, Warwick Road, Southampton SO15 7PF5
£593.5K06/210.86 miOrchard Cottage, Hawthorn Road, Southampton SO17 1PX5
£690K05/230.97 mi44, Shaftesbury Avenue, Southampton SO17 1SD5
£460K03/210.97 mi68, Shaftesbury Avenue, Southampton SO17 1SD5
£286K12/220.98 mi99, St Andrews Road, Southampton SO14 0AE5

Local Area Statistics

Population in SO15

41,701

Population in Southampton

428,247

Town centre distance

0.68 miles away

Nearest school

0.20 miles away

Nearest train station

0.90 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-20%

Sales demand

Balanced market

Capital growth (5yrs)

+15%

Property History

Listed for £350,000

December 17, 2024

Sold for £230,000

2004

Sold for £111,500

1998

Sold for £78,750

1997

Floor Plans

Description

  • Balcony overooking Southampton Common +
  • Property has C4 Use +
  • Driveway for Two Cars +
  • Fitted kitchen +
  • Spanning Over 4 Floors +
  • Rear Garden +
  • Integral Garage +
  • Gross rent of £2977pcm +
  • Three Bathrooms (1 bedroom has ensuite) +
  • Woodlands Way access directly to the common +

Property has C4 Use
Located in a quiet cul-de sac, in the highly desirable area of Banister Park, this property is currently let out at a gross rent of £2,977 pcm with driveway parking and an integral garage, rear garden and an access gate directly into Southampton common (from Woodlands Way) it would also make a great family home.

As you enter the property you are met with a 1.94M wide hallway stretching to the far end of the property. In the hall is a large under stairs storage cupboard with an added utility area with plumbing for a washing machine.

Also featuring on the ground floor is a modern fitted bathroom with a stand in shower.
Next to the bathroom at the rear of the property is the first bedroom with access out to the garden.

On the first floor, there is a fitted kitchen and open plan dining area, with doors to a balcony overlooking the rear garden and Southampton Common.

The first floor also houses the lounge, with a bay window projecting to the front elevation.

On the second floor there are 3 double bedrooms and a family bathroom with shower over bath.

On the top floor a final bedroom spanning the whole top floor equipped with an ensuite
shower cubicle and hand basin.

Outside the property the benefits include off-road parking, for two cars at the front of the property and an enclosed rear garden.

Banister Park is a hugely popular location for both residential and investment buyers. Local shops are plentiful in Southampton City centre but if you would like to stay closer to home there is Portswood High Street and Bedford Place.

It is also just 1.2mi to Southampton Central station which offers a great commuter link to London Waterloo.

For more information, call Hunters on .

Hunters are delighted to present to the market this 5 bedroom, HMO townhouse situated in the heart of Southampton City Centre.

Lounge - Large double glazed window to front elevation

Kitchen - Range of base and wall units, space for a range cooker, Stainless steel sink.
Double glazed window and door to rear elevation

Dining Area -

Bathroom - Bath, Toilet, Sink with doible glazed window to rear elevation

Shower Room - Ground floor shower room, Shower unit, Toilet, Basin, Vinyl floor.

Bedroom 1 - Double glazed window to front elevation

Bedroom 2 - Double glazed window to front elevation

Bedroom 3 - Double glazed window to rear elevation

Bedroom 4 - Double glazed window to rear elevation

Bedroom 5 - Velux window to front elevation

En-Suite:
Shower cubicle, Toilet & Basin

Outside - Rear garden, part patio part shingle

Material Information - Southampton - Tenure Type; Freehold

Council Tax Banding; E

In line with Money Laundering Regulations, successful buyers will be required to complete digital identity checks provided by Coadjute’s Assured Compliance service. The cost of these checks is £48 inc. VAT per purchaser, which is paid in advance directly to Coadjute’s Assured Compliance service. This charge verifies your identity and source of funds in line with our obligations to HMRC.

Agent Details

Hunters, Southampton

0238 144 9984

Next Steps?

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