7 Bed HMO, Southampton, SO14 3EH, £495,000

Bernard Street, Southampton, SO14 3EH - 4 views - 3 months ago

HMO
~217 m²
+10 photos

ValuationUndervalued

Sold Prices£211.5K - £580K
Sold Prices/m²£1.2K/m² - £6K/m²

 

 

Square Metres

~217 m²
Price/m²£2.3K/m²

Value Estimate

£611,523
BMV24%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£123,750

Stamp Duty & Legal Fees

£28,300

Total Cash In

£152,050

 

 

Cash Out

 

Room Rate

£412

Gross Rent

£2,884

Running Costs/mo

£2,951

Cashflow/mo

£-67

Cashflow/yr

£-805

Gross Yield

7%

Local Sold Prices

50 sold prices from £211.5K to £580K, average is £378.6K. £1.2K/m² to £6K/m², average is £2.9K/m².

PriceDateDistanceAddressBeds 
£346.5K07/210.07 mi10, John Street, Southampton SO14 3DR4
£250K02/210.2 mi22, Carpathia Drive, Southampton SO14 3GU4
£310K06/230.2 mi27, Carpathia Drive, Southampton SO14 3GU4
£390K04/210.31 mi34, Castle Way, Southampton SO14 2AW4
£415K04/220.37 mi3, Merchants Walk, Southampton SO14 2AS4
£500K02/210.38 mi53, Alcantara Crescent, Southampton SO14 3HR4
£505K06/210.38 mi9, Alcantara Crescent, Southampton SO14 3HR4
£550K01/230.39 mi11, Alcantara Crescent, Ocean Village, Southampton SO14 3HR4
£490K12/200.47 mi12, Andes Close, Southampton SO14 3HS4
£450K03/210.47 mi72, Andes Close, Southampton SO14 3HS4
£580K05/230.47 mi12, Andes Close, Southampton SO14 3HS4
£480K03/210.49 miFlat 19, Cadland Court, Channel Way, Ocean Village, Southampton SO14 3GP4
£385K12/220.53 mi58, Atlantic Close, Ocean Village, Southampton SO14 3TB4
£270K11/200.74 mi62, Argyle Road, Southampton SO14 0BQ4
£327K05/210.9 mi43, Obelisk Road, Woolston, Southampton SO19 9BL4
£415K03/230.96 mi8, Ordnance Road, Southampton SO15 2BA4
£310K11/210.98 mi74, Inkerman Road, Woolston, Southampton SO19 9DA4
£280K01/211.02 mi16, Kenilworth Road, Southampton SO15 2GB4
£280K01/211.02 mi16, Kenilworth Road, Southampton SO15 2GB4
£332.5K02/211.04 mi22, Longmore Avenue, Southampton SO19 9FZ4
£320K03/221.05 mi21, Denzil Avenue, Southampton SO14 0LP4
£377.3K05/231.05 mi19, Unwin Close, Woolston, Southampton SO19 9TF4
£393.5K11/201.07 mi91, Obelisk Road, Southampton SO19 9DD4
£315K05/211.1 mi19, College Road, Southampton SO19 9GD4
£360K03/211.1 mi100, Obelisk Road, Woolston, Southampton SO19 9DE4
£460K05/211.12 mi40, Hill Lane, Southampton SO15 5AY4
£250K05/211.13 mi51, Southcliff Road, Southampton SO14 6HR4
£273.5K09/211.13 mi43, Southcliff Road, Southampton SO14 6HR4
£395K09/211.13 mi6, Bloomsbury Walk, Southampton SO19 9GB4
£355K07/231.14 mi16, Hazeleigh Avenue, Woolston, Southampton SO19 9DF4
£480K02/231.14 mi14, Rollesbrook Gardens, Southampton SO15 5WA4
£405K06/211.16 mi84b, The Avenue, Southampton SO17 1XJ4
£365K09/211.16 mi62, Radstock Road, Southampton SO19 2HR4
£402K11/221.16 mi73c, Bryanston Road, Southampton SO19 7AN4
£380K10/201.17 mi33, Lyndock Place, Southampton SO19 9DJ4
£415K11/211.19 mi62, Alexandra Road, Southampton SO15 5DG4
£310K06/211.21 mi1b, Alexandra Road, Southampton SO15 5DH4
£280K08/211.21 mi35, Waverley Road, Southampton SO15 1JF4
£216K01/211.23 mi26, Castle Street, Southampton SO14 6HF4
£483K02/211.24 mi113, Obelisk Road, Southampton SO19 9DN4
£382K08/211.25 mi76, The Dell, Southampton SO15 2AR4
£355K01/211.25 mi89, Portsmouth Road, Southampton SO19 9BE4
£211.5K06/211.25 mi64, Ludlow Road, Southampton SO19 2ES4
£365K02/231.26 mi21, Sholing Road, Itchen, Southampton SO19 2EF4
£530K03/211.28 mi27, Hill Farm Road, Southampton SO15 5SP4
£475K02/211.28 mi9, Hill Farm Road, Southampton SO15 5SP4
£490K06/211.28 mi12, Hill Farm Road, Southampton SO15 5SP4
£310K09/211.32 mi1c, Cambridge Road, Southampton SO14 6RB4
£540K11/221.32 mi40, Atherley Road, Southampton SO15 5DQ4
£315K01/221.34 mi51a, Cedar Road, Portswood, Southampton SO14 6HH4

Local Area Statistics

Population in SO14

27,223

Population in Southampton

428,247

Town centre distance

1.50 miles away

Nearest school

0.20 miles away

Nearest train station

0.89 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+2%

Sales demand

Buyer's market

Capital growth (5yrs)

+7%

Property History

Listed for £495,000

January 8, 2025

Floor Plans

Description

  • Fantastic Investment Opportunity +
  • Well-Presented Property +
  • HMO Compliant since 2004 +
  • City Centre Location +
  • Seven Double Bedrooms +
  • Three Bathrooms +
  • Open-Plan Kitchen/Living/Dining Room +
  • Courtyard Garden +
  • EPC Rating C (69) +

A fantastic investment opportunity with no forward chain and annual income of £34,580 secured until June 2026. Situated within the heart of Southampton City Centre this well presented furnished seven-bedroomed town house has been HMO compliant since 2004.

The accommodation is laid out over 3 floors with seven large double bedrooms (average of 14.84sqm), 3 bathrooms and a spacious open plan kitchen, dining and lounge area with double doors leading to the courtyard garden. A new kitchen was fitted in October 2019 equipped with integrated cooking appliances and a newly installed Glow-worm boiler benefitting from a 10 year warranty (March 2024).

The property occupies one of the best positions in Southampton with easy access to the City Centre and Oxford Street hosting a range of amenities and restaurants and within just a few minutes' walk from Solent University, Warsash Maritime Training College and the National Oceanography Centre. There is a mainline railway station (train journeys are less than 90 minutes to London Waterloo) and easy access to motorways M3 and M27 and Southampton International Airport. Season on and off-street parking tickets are available to purchase from Southampton City Council.

SUMMARY OF FEATURES:
Fantastic Investment Opportunity; Well-Presented Property; HMO Compliant Since 2004; City Centre Location; Seven Double Bedrooms; Three Bathrooms; Open-Plan Kitchen/Living/Dining Room; Courtyard Garden

GENERAL INFORMATION:
TENURE: Freehold; SERVICES: All Mains Services; LOCAL AUTHORITY: Southampton City Council; TAX BAND: D

DISTANCES:
Southampton High Street - 0.2 miles; Southampton Central Station - 1.5 miles; Southampton University - 2.7 miles; Southampton General Hospital - 3.5 miles

Agent Details

Taylor Hill & Bond, Park Gate

01489 357149

Next Steps?

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