4 Bed HMO, Southampton, SO17 3AH £285,000

Northcote Road, Southampton, SO17 3AH - 5 views - 2 years ago
Sold STC
Leasehold
HMO
ROI: 5%
~129 m²
Property image

ValuationUndervalued

Sold Prices£201K - £1.2M
Sold Prices/m²£2.4K/m² - £21.4K/m²

 

 

Square Metres

~129.26 m²
Price/m²£2.2K/m²

Value Estimate

£344,850
BMV21%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£71,250

Stamp Duty & Legal Fees

£11,500

Total Cash In

£82,750

 

 

Cash Out

 

Room Rate

£550

Gross Rent

£2,200

Running Costs/mo

£1,824

Cashflow/mo

£376

Cashflow/yr

£4,516

ROI

5%

Gross Yield

9%

Local Sold Prices

50 sold prices from £201K to £1.2M, average is £456K. £2.4K/m² to £21.4K/m², average is £3.5K/m².

Price
Date
Distance
Address
Beds
 
£280K12/230.02 mi51, Northcote Road, Southampton SO17 3AH4
£272K01/240.03 mi40, Arnold Road, Southampton SO17 1TG4
£272K01/240.05 mi40, Arnold Road, Southampton SO17 1TG4
£285K03/230.05 mi10, Arnold Road, Southampton SO17 1TG4
£280K12/230.05 mi51, Northcote Road, Portswood, Southampton SO17 3AH4
£260K09/210.05 mi52, Northcote Road, Southampton SO17 3AG4
£270K03/220.05 mi11, Somerset Road, Portswood, Southampton SO17 3AB4
£484.5K06/240.15 mi4, Royston Close, Southampton SO17 1TB4
£484.5K06/240.15 mi4, Royston Close, Southampton SO17 1TB4
£450K09/210.15 mi5, Royston Close, Southampton SO17 1TB4
£715K10/240.16 mi54, Shaftesbury Avenue, Southampton SO17 1SD4
£715K10/240.16 mi54, Shaftesbury Avenue, Southampton SO17 1SD4
£980K03/250.16 mi62, Shaftesbury Avenue, Southampton SO17 1SD4
£746.5K08/240.19 mi55, Shaftesbury Avenue, Southampton SO17 1SL4
£746.5K08/240.19 mi55, Shaftesbury Avenue, Southampton SO17 1SL4
£480K08/230.21 mi104, Upper Shaftesbury Avenue, Highfield, Southampton SO17 3RT4
£289K03/250.22 mi366, Priory Road, Southampton SO17 2LQ4
£268K08/210.23 mi54, Kent Road, Southampton SO17 2LH4
£272.5K10/210.23 mi22, Kent Road, Southampton SO17 2LH4
£326K05/250.23 mi68, Kent Road, Southampton SO17 2LH4
£326K05/250.23 mi68, Kent Road, Southampton SO17 2LH4
£425K10/220.25 mi90, Belmont Road, Portswood, Southampton SO17 2GF4
£670K07/240.26 mi44, Welbeck Avenue, Southampton SO17 1SS4
£670K07/240.26 mi44, Welbeck Avenue, Southampton SO17 1SS4
£445K03/250.28 mi53, Highfield Crescent, Southampton SO17 1SG4
£340K05/210.33 mi23, Ripstone Gardens, Highfield, Southampton SO17 3RF4
£525K01/230.36 mi72, Belmont Road, Portswood, Southampton SO17 2GE4
£820K12/240.37 mi27, Abbotts Way, Southampton SO17 1NW4
£820K12/240.37 mi27, Abbotts Way, Southampton SO17 1NW4
£360K05/250.43 mi73, Tennyson Road, Southampton SO17 2HG4
£360K05/250.43 mi73, Tennyson Road, Southampton SO17 2HG4
£201K04/220.43 mi97, St Denys Road, Southampton SO17 2FS4
£950K01/240.47 mi2, Russell Place, Southampton SO17 1NU4
£470K09/240.5 mi66, Belmont Road, Portswood, Southampton SO17 2GE4
£1.2M11/240.5 mi38, Brookvale Road, Southampton SO17 1QR4
£1.2M11/240.5 mi38, Brookvale Road, Southampton SO17 1QR4
£740K05/230.5 mi73, Brookvale Road, Southampton SO17 1QS4
£560K06/220.51 miBeechdale, 49a, Roselands Gardens, Highfield, Southampton SO17 1QJ4
£321K06/210.52 mi111, Oaktree Road, Southampton SO18 1PJ4
£462K11/240.52 mi248a Priory Marine Court, 8, Priory Road, Southampton SO17 2JW4
£462K11/240.52 mi8, 248a Priory Marine Court, Priory Road, Southampton SO17 2JW4
£395K09/210.52 mi42, Ash Tree Road, Southampton SO18 1LX4
£289.9K10/240.53 mi8, South Road, St Denys, Southampton SO17 2JL4
£265K06/210.54 mi6, Bealing Close, Bassett, Southampton SO16 3AW4
£525K09/210.56 mi33, Roselands Gardens, Southampton SO17 1QG4
£335.6K06/210.56 mi24, Roselands Gardens, Southampton SO17 1QG4
£300K01/240.56 mi3, Shakespeare Avenue, Southampton SO17 2HA4
£570K11/240.57 miSunnyside, Westwood Road, Southampton SO17 1DP4
£570K11/240.57 miSunnyside, Westwood Road, Southampton SO17 1DP4
£650K11/240.57 mi80, Orchards Way, Southampton SO17 1RE4

Local Area Statistics

Population in SO17

19,429

Population in Southampton

428,247

Town centre distance

0.70 miles away

Nearest school

0.10 miles away

Nearest train station

0.56 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+18%

Sales demand

Seller's market

Capital growth (5yrs)

+24%

Property History

Listed for £285,000

March 5, 2024

Sold for £147,950

2003

Sold for £63,950

1998

Floor Plans

Property image

Description

  • FOUR BEDROOM HMO PROPERTY +
  • GREAT INVESTMENT OPPORTUNITY +
  • FANTASTIC SIZE THROUGHOUT +
  • SOUGHT AFTER LOCATION +
  • CLOSE TO PORTSWOOD HIGH STREET +
  • GREAT LINKS TO SOUTHAMPTON CENTRAL +
  • A MUST SEE +
  • CALL TO VIEW +

This tenanted four bedroom Character house comes to the market in good 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 and Kitchen on the ground floor and then three further 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 that will start in July 2024. This really is a must see property so call now to book your viewing.

As you enter the property you are greeted by the hallway which has stairs up to the first floor and doors into the Bedroom one (previously the lounge) and the sitting room which in turn leads into the Kitchen. Bedroom one is too the front and has a large double glazed bay window to the front aspect which floods in lots of natural light and the sitting room is then alongside this with a double glazed window to the rear aspect that over looks the garden, an under stair storage cupboard and a door into the kitchen. The Kitchen is dual aspect with a double glazed window to the side aspect and patio doors that lead out to the garden. It is fitted with light oak shaker styled 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 gas hob with a built in extractor over and spaces for two tall fridge freezers and a washing machine. As you head upstairs you will find three good sized double bedrooms and the bathroom, Bedroom one is to the front and has a double glazed bay window to the front aspect and bedroom two is then alongside this with a double glazed window to the rear aspect. The Bathroom which has been fitted with a white three piece suite consisting of a bath with chrome mixer shower over, Pedestal wash hand basin and low level WC, There is a double glazed window to the side and tiling to the walls and a vinyl floor. Bedroom three is to the rear and has double glazed windows to the rear aspect that over look the Garden.

The front of the property is enclosed by dwarf wall with an opening onto a path that leads up to the front door and the rest has been laid to decorative shingle. The rear garden is enclosed by a wall and timber panel fencing and has been mainly laid to lawn with flower and shrub borders.

Situated close to Portswood High street with great links to the the city centre this property offers easy access to the popular shopping area West Quay, the city centre, the historic city walls and Ocean Village. There is a range of public transport on offer including rail travel from Southampton Central Station. The M3 can be accessed through Winchester Road and Bassett Avenue and junction 3 of the M27 can be accessed via Millbrook Road, leading onto the M271 or junction 5 via the A335.
Southampton is an historic port city on England's south coast 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.

This tenanted four bedroom Character house comes to the market in good 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 and Kitchen on the ground floor and then three further 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 that will start in July 2024. This really is a must see property so call now to book your viewing.

As you enter the property you are greeted by the hallway which has stairs up to the first floor and doors into the Bedroom one (previously the lounge) and the sitting room which in turn leads into the Kitchen. Bedroom one is too the front and has a large double glazed bay window to the front aspect which floods in lots of natural light and the sitting room is then alongside this with a double glazed window to the rear aspect that over looks the garden, an under stair storage cupboard and a door into the kitchen. The Kitchen is dual aspect with a double glazed window to the side aspect and patio doors that lead out to the garden. It is fitted with light oak shaker styled 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 gas hob with a built in extractor over and spaces for two tall fridge freezers and a washing machine. As you head upstairs you will find three good sized double bedrooms and the bathroom, Bedroom one is to the front and has a double glazed bay window to the front aspect and bedroom two is then alongside this with a double glazed window to the rear aspect. The Bathroom which has been fitted with a white three piece suite consisting of a bath with chrome mixer shower over, Pedestal wash hand basin and low level WC, There is a double glazed window to the side and tiling to the walls and a vinyl floor. Bedroom three is to the rear and has double glazed windows to the rear aspect that over look the Garden.

The front of the property is enclosed by dwarf wall with an opening onto a path that leads up to the front door and the rest has been laid to decorative shingle. The rear garden is enclosed by a wall and timber panel fencing and has been mainly laid to lawn with flower and shrub borders.

Situated close to Portswood High street with great links to the the city centre this property offers easy access to the popular shopping area West Quay, the city centre, the historic city walls and Ocean Village. There is a range of public transport on offer including rail travel from Southampton Central Station. The M3 can be accessed through Winchester Road and Bassett Avenue and junction 3 of the M27 can be accessed via Millbrook Road, leading onto the M271 or junction 5 via the A335.
Southampton is an historic port city on England's south coast 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.

Hallway
Lounge/Bedroom four
Sitting room
Kitchen
Landing
Bedroom one
Bedroom two
Bedroom three
Bathroom

Agent Details

Beals, Shirley

0238 001 6058

Next Steps?

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