4 Bed HMO, Southampton, SO15 8QX £290,000

Freshfield Road, Southampton, SO15 8QX - 4 views - 10 months ago
Under Offer
HMO
~129 m²
Property image

ValuationUndervalued

Sold Prices£230K - £880K
Sold Prices/m²£2.1K/m² - £6K/m²

 

 

Square Metres

~129.26 m²
Price/m²£2.2K/m²

Value Estimate

£350,900
BMV21%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£72,500

Stamp Duty & Legal Fees

£17,700

Total Cash In

£90,200

 

 

Cash Out

 

Room Rate

£375

Gross Rent

£1,500

Running Costs/mo

£1,687

Cashflow/mo

£-187

Cashflow/yr

£-2,242

Gross Yield

6%

Local Sold Prices

50 sold prices from £230K to £880K, average is £442.5K. £2.1K/m² to £6K/m², average is £3.1K/m².

Price
Date
Distance
Address
Beds
 
£282K04/250.04 mi2, Freshfield Road, Southampton SO15 8QX4
£282K04/250.04 mi2, Freshfield Road, Southampton SO15 8QX4
£332K07/230.09 mi37, Beech Road, Southampton SO15 8RJ4
£345K04/230.09 mi203, Waterhouse Lane, Southampton SO15 8RE4
£300K08/250.11 mi21, Beech Road, Southampton SO15 8RJ4
£300K10/210.14 mi42, Testwood Road, Southampton SO15 8RL4
£332K12/240.19 mi89, Richmond Road, Southampton SO15 3FU4
£285K06/210.34 mi7, Fawley Road, Southampton SO15 8PP4
£455K01/230.35 mi15, Stanton Road, Southampton SO15 4HF4
£330K03/250.41 mi6, Emsworth Road, Southampton SO15 3LX4
£330K03/250.41 mi6, Emsworth Road, Southampton SO15 3LX4
£330K03/250.41 mi6, Emsworth Road, Southampton SO15 3LX4
£605K07/230.47 mi37, Shirley Avenue, Southampton SO15 5NF4
£500K06/210.48 mi24, Shirley Avenue, Southampton SO15 5NG4
£420K06/230.49 mi2, Gurney Road, Southampton SO15 5GE4
£481K06/210.5 mi27, Cunard Avenue, Southampton SO15 5GN4
£375K12/220.55 mi81, Stafford Road, Shirley, Southampton SO15 5EE4
£495K07/250.59 mi18, Reynolds Road, Southampton SO15 5GS4
£500K03/230.63 mi33, Arthur Road, Southampton SO15 5DX4
£360K09/210.63 mi2, Vulcan Close, Southampton SO15 4JL4
£518.5K09/220.64 mi81, Shirley Avenue, Southampton SO15 5NH4
£230K08/210.66 mi28, Sydney Road, Southampton SO15 5RB4
£600K09/220.68 mi154, Malmesbury Road, Shirley, Southampton SO15 5EZ4
£475K06/230.69 mi12, King Edward Avenue, Southampton SO16 4DF4
£278K03/250.69 mi2, Pendle Close, Southampton SO16 4QT4
£372.5K03/250.7 mi71, Atherley Road, Southampton SO15 5DT4
£372.5K03/250.7 mi71, Atherley Road, Southampton SO15 5DT4
£540K11/220.72 mi40, Atherley Road, Southampton SO15 5DQ4
£485K08/230.72 mi98, St James Road, Shirley, Southampton SO15 5HF4
£280K08/210.73 mi35, Waverley Road, Southampton SO15 1JF4
£465K02/230.73 mi104, St James Road, Shirley, Southampton SO15 5HF4
£470K03/250.74 mi3, Greville Road, Southampton SO15 5AW4
£470K03/250.74 mi3, Greville Road, Southampton SO15 5AW4
£640K10/220.74 mi3, Raymond Road, Southampton SO15 5AG4
£310K06/210.77 mi1b, Alexandra Road, Southampton SO15 5DH4
£565K08/230.78 mi16, South View Road, Southampton SO15 5JB4
£610K03/230.78 mi26, Thornbury Avenue, Southampton SO15 5BR4
£490K06/210.79 mi12, Hill Farm Road, Southampton SO15 5SP4
£415K11/210.79 mi62, Alexandra Road, Southampton SO15 5DG4
£430K05/230.79 mi133, Winchester Road, Southampton SO16 6UF4
£385K09/230.8 mi183, Wilton Road, Southampton SO15 5HY4
£525K09/210.8 mi165, Wilton Road, Southampton SO15 5HY4
£580K02/230.81 mi3, Evelyn Crescent, Southampton SO15 5JF4
£500K08/240.82 mi174, Wilton Road, Southampton SO15 5HZ4
£350K05/230.83 mi186, Wilton Road, Southampton SO15 5HZ4
£353.5K06/210.83 mi118, Hill Lane, Southampton SO15 5DD4
£880K03/250.86 mi1, Bellemoor Road, Southampton SO15 5JY4
£470K05/230.87 mi16, Radway Road, Southampton SO15 7PW4
£460K05/210.87 mi40, Hill Lane, Southampton SO15 5AY4
£550K07/230.87 mi13, Radway Road, Southampton SO15 7PT4

Local Area Statistics

Population in SO15

41,701

Population in Southampton

428,247

Town centre distance

1.86 miles away

Nearest school

0.20 miles away

Nearest train station

0.26 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+22%

Sales demand

Seller's market

Capital growth (5yrs)

+13%

Property History

Listed for £290,000

January 21, 2025

Description

  • Ideal for First Time Buyers or Investors +
  • Close to all Local Amenities +
  • 4 Bedrooms +
  • 2 Reception Rooms +
  • Fitted Kitchen +
  • Bathroom with separate shower cubicle +
  • Separate wc +
  • Call Aspire Estate Agents +

An exciting opportunity to acquire this spacious 4 bedroom semi-detached property on Freshfield Road, Freemantle, currently operating as a 4-bedroom HMO (House in Multiple Occupation). With the potential to apply for a 5-bedroom HMO license (subject to necessary application), this property is a fantastic investment option or First Time Buyer to put their own personal touch on it.

Property Features:
o Lounge, separate dining room, and fitted kitchen
o 4 spacious bedrooms
o Ground floor bathroom with separate shower cubicle
o Separate ground floor wc
o Large rear garden with side access
o Laid to lawn front garden
o Gas central heating
o Ample road parking in the vicinity

Prime Location for Tenants or Buyers:
Located close to Southampton General Hospital, Southampton City Centre, local schools, shops, and major motorway links (M27 & M3), the property is perfectly situated for professionals, families, or students.
Investment Opportunity:
With the potential to convert into a 5-bedroom HMO, this property offers excellent rental income prospects.

Viewing Highly Recommended
Dont miss out on this fantastic opportunity. Call Aspire Estate Agents to book your viewing and explore the full potential this property has to offer.

Council Tax Band B

Front
Pathway leading to front door, majority laid to lawn with range of mature plant and shrub borders, enclosed by picket fence. UPVC front door to:-

Hallway
Textured ceiling, emergency lighting, radiator, wall mounted alarm box, understairs walk in cupboard housing carbon monoxide alarm, wall mounted fuse box, electric meter and gas meter, double glazed frosted window to front aspect, deep skirting boards and stairs to First Floor Landing.

Dining Room 3.84m (12'7") x 3.78m (12'5")
Textured ceiling, smoke alarm, double glazed patio doors leading to rear garden, radiator, range of matching base units with roll top work surfaces over, television point, radiator, laminate flooring and deep skirting boards.

Lounge 3.71m (12'2") x 3.48m (11'5") MAX
Textured ceiling, smoke alarm, double glazed box bay window to front aspect, satellite point, telephone point, television point, wall mounted dimmer switch, dado rail, feature electric pebble effect Fireplace with matching stone effect hearth and surround, and deep skirting boards.

Kitchen 3.73m (12'3") x 2.74m (9'0") NARROWING TO 7'2"
Textured ceiling, smoke alarm, emergency lighting, double glazed window to rear aspect, double glazed UPVC door to rear aspect leading to garden, stainless steel bowl sink with mono tap and cupboards under, space for four ring electric hob with oven/grill under, range of matching wall and base level units with roll top work surfaces over, space for and plumbing for washing machine, space for fridge freezer, wall mounted boiler and deep skirting boards.

WC
Textured ceiling, double glazed frosted window to side aspect, low level WC, wash hand basin with mixer taps and radiator.

Bathroom 2.31m (7'7") x 1.42m (4'8")
Textured ceiling, double glazed frosted window to side aspect, pedestal wash hand basin with mixer taps, tiled surround, panelled bath with tiling to principled areas, corner shower cubicle with tiling from top to bottom, mirror fronted medicine cabinet and radiator.

First Floor Landing
Textured ceiling, double glazed window to front aspect, walk in cupboard providing storage, wall mounted thermostat, access to loft and deep skirting boards.

Bedroom 1 3.76m (12'4") x 3.23m (10'7")
Textured ceiling, smoke alarm, three quarter width double glazed window to rear aspect, radiator, telephone point, satellite point and deep skirting boards.

Bedroom 2 3.73m (12'3") x 2.64m (8'8")
Textured ceiling, smoke alarm, double glazed window to front aspect, radiator, telephone point, and deep skirting boards.

Bedroom 3 3.76m (12'4") x 2.08m (6'10")
Textured ceiling, smoke alarm, double glazed window to rear aspect, radiator, and deep skirting boards.

Bedroom 4 2.79m (9'2") x 2.08m (6'10")
Textured ceiling, smoke alarm, double glazed window to rear aspect, radiator, and deep skirting boards.

Garden
Patio area with pathway to rear of garden, predominately laid to lawn with plant and shrub borders, two wooden sheds, access to front via side entrance and enclosed by wooden panelled fencing.

Disclaimer

1. MONEY LAUNDERING REGULATIONS: Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2. GENERAL: All measurements, areas, floorplans and distances mentioned are approximate and are issued as a guide only, and as such must be considered incorrect. If such details are fundamental to a purchase, purchasers must rely on their own enquiries. Nothing in these particulars should be seen as a statement that the property or any fixture described or shown is in good condition or otherwise. Purchasers must satisfy themselves as to the condition of any property or item included within the sale. If reference is made either to alterations to the property or a change of use, no warranty is given by us or the Vendors/Lessors that any planning or other consents or Building Regulations approval has been obtained. Where references are made to potential uses (subject to planning) this information is given in good faith although purchasers must take their own enquiries to the relevant authorities. Most importantly if there is any particular aspect of the property about which you would like further information, we invite you to discuss this with us before you travel to view the property. Any furniture noted on the details or floorplan are not to be relied upon and Aspire provide no warranty to this effect; all such information should be verified by the Buyer's own solicitor.
3. SERVICES: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase. None of the appliances or services mentioned in these particulars have been tested and no warranty is given or implied.

4. THESE PARTICULARS ARE ISSUED IN GOOD FAITH BUT DO NOT CONSTITUTE REPRESENTATIONS OF FACT OR FORM PART OF ANY OFFER OR CONTRACT. THE MATTERS REFERRED TO IN THESE PARTICULARS SHOULD BE INDEPENDENTLY VERIFIED BY PROSPECTIVE BUYERS OR TENANTS. NEITHER ASPIRE ESTATE AGENTS NOR ANY OF ITS EMPLOYEES OR AGENTS HAS ANY AUTHORITY TO MAKE OR GIVE ANY REPRESENTATION OR WARRANTY WHATEVER IN RELATION TO THIS PROPERTY.

Agent Details

Aspire Estate Agents, Shirley

0238 070 4036

Next Steps?

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