4 Bed HMO, Southampton, SO17 3AB, £255,000

Somerset Road, Portswood, Southampton, Hampshire, SO17 3AB - 4 views - 2 months ago

HMO
ROI: 8%
~129 m²
+8 photos

ValuationUndervalued

Sold Prices£200K - £855K
Sold Prices/m²£2.1K/m² - £5.6K/m²

 

 

Square Metres

~129.26 m²
Price/m²£2K/m²

Value Estimate

£334,800
BMV24%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£63,750

Stamp Duty & Legal Fees

£10,300

Total Cash In

£74,050

 

 

Cash Out

 

Room Rate

£585

Gross Rent

£2,340

Running Costs/mo

£1,751

Cashflow/mo

£589

Cashflow/yr

£7,064

ROI

10%

Gross Yield

11%

Local Sold Prices

50 sold prices from £200K to £855K, average is £325.5K. £2.1K/m² to £5.6K/m², average is £2.8K/m².

PriceDateDistanceAddressBeds 
£270K03/220.01 mi11, Somerset Road, Portswood, Southampton SO17 3AB4
£205K03/210.03 mi48, Northcote Road, Southampton SO17 3AG4
£260K09/210.03 mi52, Northcote Road, Southampton SO17 3AG4
£215K11/200.08 mi49, Brickfield Road, Southampton SO17 3AD4
£285K03/230.09 mi10, Arnold Road, Southampton SO17 1TG4
£290K01/210.15 mi40, Kitchener Road, Southampton SO17 3SG4
£450K09/210.15 mi5, Royston Close, Southampton SO17 1TB4
£480K08/230.17 mi104, Upper Shaftesbury Avenue, Highfield, Southampton SO17 3RT4
£341.4K12/200.25 mi2, Shaftesbury Avenue, Southampton SO17 1SA4
£450K01/210.26 mi37, Highfield Crescent, Southampton SO17 1SG4
£268K08/210.28 mi54, Kent Road, Southampton SO17 2LH4
£272.5K10/210.28 mi22, Kent Road, Southampton SO17 2LH4
£250K02/210.28 mi112, Broadlands Road, Southampton SO17 3AR4
£200K10/200.28 mi130, Broadlands Road, Southampton SO17 3AR4
£425K10/220.29 mi90, Belmont Road, Portswood, Southampton SO17 2GF4
£340K05/210.29 mi23, Ripstone Gardens, Highfield, Southampton SO17 3RF4
£310K04/210.31 mi53, Granby Grove, Southampton SO17 3RY4
£232.5K05/210.34 mi40, Mayfield Road, Southampton SO17 3SX4
£232.5K05/210.34 mi40, Mayfield Road, Southampton SO17 3SX4
£855K03/210.36 mi22, Abbotts Way, Southampton SO17 1NS4
£325K01/210.38 mi296, Priory Road, St Denys, Southampton SO17 2LS4
£525K01/230.4 mi72, Belmont Road, Portswood, Southampton SO17 2GE4
£337.8K03/220.45 mi73, Tennyson Road, Southampton SO17 2HG4
£201K04/220.48 mi97, St Denys Road, Southampton SO17 2FS4
£403.5K04/210.49 mi15, Roselands Gardens, Highfield, Southampton SO17 1QJ4
£560K06/220.49 miBeechdale, 49a, Roselands Gardens, Highfield, Southampton SO17 1QJ4
£265K06/210.49 mi6, Bealing Close, Bassett, Southampton SO16 3AW4
£235K11/200.49 mi9, North Road, Southampton SO17 2LZ4
£235K11/200.49 mi9, North Road, Southampton SO17 2LZ4
£740K05/230.5 mi73, Brookvale Road, Southampton SO17 1QS4
£234K03/210.51 mi36, Bealing Close, Southampton SO16 3AX4
£245K04/210.51 mi20, Langhorn Road, Southampton SO16 3TN4
£525K09/210.53 mi33, Roselands Gardens, Southampton SO17 1QG4
£335.6K06/210.53 mi24, Roselands Gardens, Southampton SO17 1QG4
£321K06/210.54 mi111, Oaktree Road, Southampton SO18 1PJ4
£395K09/210.55 mi42, Ash Tree Road, Southampton SO18 1LX4
£580.5K12/200.56 mi21, Orchards Way, Southampton SO17 1RF4
£760K12/200.57 mi3, Woodstock Drive, Southampton SO17 1WY4
£480K09/220.57 mi52, Highfield Lane, Highfield, Southampton SO17 1QB4
£236K04/220.63 mi27, Thackeray Road, Southampton SO17 2GS4
£210K01/210.63 mi19, Thackeray Road, Southampton SO17 2GS4
£326K03/230.64 mi91, Bluebell Road, Southampton SO16 3LL4
£425K03/230.64 mi155, Newton Road, Bitterne Park, Southampton SO18 1NH4
£475K12/200.66 mi86 - 88, Priory Road, St Denys, Southampton SO17 2HS4
£365K10/200.7 mi1, Hillside Avenue, Southampton SO18 1LD4
£315K05/230.7 mi17, Lilac Road, Southampton SO16 3DA4
£270K09/210.72 mi68, Laburnum Road, Southampton SO16 3LH4
£410K07/230.74 mi40, Oakmount Avenue, Southampton SO17 1ED4
£470K02/230.79 mi105, Livingstone Road, Southampton SO14 6WP4
£365K05/230.8 mi163, Woodmill Lane, Southampton SO18 2PG4

Local Area Statistics

Population in SO17

19,429

Population in Southampton

428,247

Town centre distance

0.73 miles away

Nearest school

0.10 miles away

Nearest train station

0.60 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-22%

Sales demand

Balanced market

Capital growth (5yrs)

+6%

Property History

Price changed to £255,000

February 28, 2025

Listed for £270,000

February 6, 2025

Floor Plans

Description

Located in the ever-popular Portswood area of Southampton, this end-of-terraced house presents an exciting opportunity for both seasoned investors and prospective homeowners. With its prime position within easy reach of Southampton University’s Highfield campus, this property has long served as a highly sought-after HMO (House of Multiple Occupation), offering a lucrative rental income.

The accommodation is thoughtfully arranged over two floors. Upon entering, you are greeted by an entrance hall with stairs leading to the first floor. The ground floor offers two versatile reception rooms, one of which is currently utilised as a bedroom, providing flexibility for both investors and families. The kitchen breakfast room is well-appointed, featuring white base and wall cabinetry, contrasting work surfaces, built-in cooking appliances, and space for freestanding appliances. This practical space is ideal for shared living or family meal preparation.

Upstairs, the first floor comprises three generously proportioned bedrooms, each providing ample space for tenants or family members. A shared three-piece bathroom completes the upper level, featuring a bath, wash basin, and WC.

The rear garden is a private retreat, with access from the kitchen leading to a raised timber deck patio—perfect for outdoor dining or relaxation. Steps lead down to a fully enclosed lawned garden, offering a tranquil space for tenants or future homeowners to enjoy. On-road parking is available with a residents’ permit system in place.

Currently tenanted until June 2025, this property offers immediate rental income and significant potential for investors to enhance its appeal and maximise returns. Alternatively, for an owner-occupier, this house provides an excellent canvas to transform into a charming family home in a convenient and vibrant location.

Don’t miss the opportunity to secure this versatile property in one of Southampton’s most desirable areas.

Agent Details

Morris Dibben, Southampton

0238 144 9928

Next Steps?

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