5 Bed HMO, Southampton, SO17 2FH £350,000

Osborne Road North, Southampton, Hampshire, SO17 2FH - 8 views - 9 months ago
HMO
ROI: 2%
~178 m²
Property image

ValuationUndervalued

Sold Prices£240K - £1.2M
Sold Prices/m²£725/m² - £4.4K/m²

 

 

Square Metres

~178.28 m²
Price/m²£2K/m²

Value Estimate

£434,000
BMV24%

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

£470

Gross Rent

£2,350

Running Costs/mo

£2,165

Cashflow/mo

£185

Cashflow/yr

£2,219

ROI

2%

Gross Yield

8%

Local Sold Prices

23 sold prices from £240K to £1.2M, average is £600K. £725/m² to £4.4K/m², average is £3.3K/m².

Price
Date
Distance
Address
Beds
 
£600K12/240.2 mi45, Belmont Road, Southampton SO17 2GD5
£600K12/240.2 mi45, Belmont Road, Southampton SO17 2GD5
£620K11/210.25 mi24, Grosvenor Road, Southampton SO17 1RT5
£240K03/220.27 mi85, Tennyson Road, Southampton SO17 2HG5
£690K05/230.27 mi44, Shaftesbury Avenue, Southampton SO17 1SD5
£480K09/220.33 mi41, Westridge Road, Southampton SO17 2HP5
£1.2M08/250.45 mi50, Brookvale Road, Southampton SO17 1RA5
£410K08/210.64 mi43, Heatherdeane Road, Southampton SO17 1PA5
£900K04/240.65 mi11, Crofton Close, Southampton SO17 1XB5
£725K07/220.65 mi14, Oakmount Avenue, Southampton SO17 1DR5
£835K01/220.65 mi26, Oakmount Avenue, Southampton SO17 1DR5
£375K05/220.67 mi79, Gordon Avenue, Portswood, Southampton SO14 6WB5
£710K05/220.68 mi6, Blenheim Avenue, Southampton SO17 1DU5
£593.5K06/210.72 miOrchard Cottage, Hawthorn Road, Southampton SO17 1PX5
£922.5K04/230.73 mi12, Westbourne Crescent, Southampton SO17 1EE5
£960K09/240.73 mi6, Westbourne Crescent, Southampton SO17 1EE5
£960K09/240.73 mi6, Westbourne Crescent, Southampton SO17 1EE5
£410K08/240.78 mi98, Alma Road, Southampton SO14 6UW5
£410K08/240.78 mi98, Alma Road, Southampton SO14 6UW5
£410K08/240.8 mi98, Alma Road, Southampton SO14 6UW5
£499K09/220.82 mi114, Alma Road, Southampton SO14 6UW5
£499K09/220.82 mi114, Alma Road, Southampton SO14 6UW5
£450K12/220.96 mi197, Bitterne Road West, Southampton SO18 1BL5

Local Area Statistics

Population in SO17

19,429

Population in Southampton

428,247

Town centre distance

0.48 miles away

Nearest school

0.10 miles away

Nearest train station

0.31 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+18%

Sales demand

Seller's market

Capital growth (5yrs)

+24%

Property History

Listed for £350,000

February 14, 2025

Floor Plans

Property image

Description

  • FIVE BEDROOM DETACHED HOUSE +
  • GREAT INVESTMENT OPPORTUNITY +
  • CURRENTLY RENTED AS A HMO WITH TENANTS IN SITU +
  • SHORT DISTRANCE FROM PORTSWOOD HIGH STREET +
  • FLEXIBLE ACCOMODATION +
  • CLOSE TO LOCAL AMENITIES +
  • BATHROOM AND SHOWER ROOM +
  • DRIVEWAY PARKING +

This tenanted five bedroom detached character house comes to the market in great condition throughout and offers generous sized rooms as well as a flexible layout. The property is in a sought after location being just a stone throw away from portswood high street and also has great links to Southampton city centre which offers a range of shopping and leisure facilities including Ocean Village, West Quay, the Cultural Quarter, Mayflower Theatre and the Civic Centre including the Titanic Museum. The property benefits from a lounge (bedroom four), sitting room (Bedroom five) , dining room, Modern Kitchen, shower room and Conservatory all on the ground floor and then three bedrooms and a bathroom on the first. This would make an ideal investment purchase as the property is currently tenanted and there is a new tenancy agreed with an increased rent of £2350 per month that will start in July 2025.

As you enter the property you are greeted by the hallway which has stairs up to the first floor and doors into the Bedroom four (previously the lounge) Bedroom five (sitting room) and the dining room. Both bedrooms four and five are to the front and have double glazed windows to the front aspect. The dining room then has doors into both The kitchen and shower room and is open to the conservatory which has double glazed windows to all sides and french doors that open out into the garden. The Kitchen has a double glazed window to the side aspect and has been fitted with beech effect base and eye level units with a complimentary dark granite effect worktops with an inset stainless steel sink and tiled splash backs. There is a fitted stainless steel oven and electric hob with a built in extractor over and spaces for a fridge freezer and a washing machine. The shower room has a frosted double glazed window to the rear aspect and has been fitted with a modern white three piece suite comprising of a quadrant shower cubcile with a shower over, a corner wall hung wash hand basin, a low level W/C. and complimentary tiling to the walls and floor. As you head upstairs you will find three good sized double bedrooms, Bedroom one and two are both to the front and have double glazed windows to the front aspect and bedroom three and the bathroom are then to the rear with double glazed windows to the rear aspect. The bathroom has been fitted with a modern four piece suite comprising of a panel enclosed bath, shower cubicle with shower over, low level W/C and a pedestal wash hand basin. bedroom two is then alongside this with a double glazed window to the rear aspect and complimentary tiling to the walls and floor.

The front of the property is enclosed by dwarf wall and hedging with an opening onto a path that leads up to the front door and there is then a driveway to the side that leads up to the garage. the rest has been laid to gravel with flower and shrub borders The rear garden is enclosed by timber panel fencing and has been mainly laid to lawn with flower and shrub borders and a patio area.

The house is located the desirable central Portswood location with close to many local amenities including shops and restaurants. Southampton City Centre is nearby benefitting from a thriving town centre and Central railway station with both Southampton Airport and all main motorway access routes also being within easy reach.

Agent Details

Beals, Shirley

0238 001 6058

Next Steps?

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