Agent
2 weeks ago
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4 BED HMO ROI 15.5 % (24% after refurb)Central Southampton

Area: Southampton
Houses in multiple occupation (HMO)
£230,000
Bedrooms: 4
Bathrooms: 1
Property Size: 960 ft²
Market Status: OFF MARKET
Property Purchase Price: £230,000
Fair Market Value: £264,000
Price Negotiable?: NO
Monthly Rental Price: £2,400 /month
Gross Yield: 11%
Sourcing Fee (including VAT): £4,000

REVIEWED AVERAGE PRICES IN THE AREA JUST MADE THIS A VERY PROFITABLE INVESTMENT !!!

4 BEDROOM Licensed HMO in the Southampton city centre. ROI 15.5 %+(24% if extended).

Reduced 12.5% BMV to attract quick sale.

The property is Semi Detached house with 156 years leasehold ( Virtually a freehold with Ground rent £1 per year).

Walking distance to Universities and the Central Railway Station so can be used by professionals and students on individual ASTs if you want to maximize the profit.

There is potential to add a second bathroom converting a downstairs unused toilet.

With the appropriate structural support it’s possible to be added a fifth bedroom with on suite ( see the reconfiguration below).

The paved patio leads to a solid storage area.

With the appropriate planning applications it’s possible to be extended the building but I would recommend the buyers to seek appropriate advise.

Please get in touch only if you are serious in buying the property. TEXT MESSAGE ME ON MY MOBILE TO GET IN TOUCH FAST !!!

The price is non-negotiable so don’t waste your time putting “cheeky offers”.

I am a Mastermind Graduate -probably made them all.

Size of the rooms(approximate measurements).

Entrance Hall
Double Glazed door and window to the side of property. Radiator.

Lounge 14′ 7″ x 6′ 11″ ( 4.45m x 2.11m )
South facing double glazed window, Radiator and TV point. Communal Area.

Kitchen 14′ 7″ x 7′ 2″ ( 4.45m x 2.18m )
Fitted kitchen comprising of wall units, work surfaces, tiling, Sink and drainer unit, Central heating boiler and radiator.Has space for an oven, Hob, Washing machine and Fridge. Side facing double glazed window.

Bedroom 1 15′ 1″ max x 14′ 6″ max ( 4.60m max x 4.42m max )
Front facing double glazed window, Radiator and telephone point.

Bedroom 2 11′ 2″ x 9′ ( 3.40m x 2.74m )
Side facing double glazed window, Radiator and telephone point.

Bedroom 3 11′ 5″ x 8′ 11″ ( 3.48m x 2.72m )
Side facing double glazed window, Radiator.

Bedroom 4 10′ x 8′ 10″ ( 3.05m x 2.69m )
Rear facing double glazed window, Radiator.

Bathroom
Bathroom consisting of a shower cubicle, tiling, WC, wash hand basin with vanity, radiator. Double glazed rear face window. Loft access.

Features

Central Heating
Close to Amenities
Garden
Outer buildings
Storage
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Ivan Ivanov
Member since: 3 months
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office@phoenixli.com
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