Located close to Portswood and with easy access to the city centre, this 6 bedroom HMO presents a fantastic investment opportunity. Currently tenanted with a management company in place on a rent to rent basis the net income is £1,500 per month (£18,000 p.a.) with all bills paid by the company and not the owner, giving a gross yield of 6.5%.
Set out over two floors the house has two bedrooms downstairs & four bedrooms upstairs. Each room is comfortably furnished and easily accommodates tenant's personal belongings with room for relaxing and creating their own haven from the hustle & bustle. To rear of the house, on the ground floor, the large modern kitchen, complete with appliances & good worktop & cupboard space, is a great communal focus for cooking & enjoying the company of the other tenants. The family bathroom with shower over bath arrangement is accessed through the kitchen and upstairs there is a second bathroom with shower enclosure, wc & whb.
And for sunnier days there is a small rear garden to enjoy or put to practical use for drying clothes. Parking is on-street subject to the council regulations.
Located just off Lodge Road the property has easy access to the city centre by bus, foot or car and with Portswood practically on your doorstep there is a vast selection of shops, supermarkets, restaurants, pubs and coffee shops to choose from. Southampton Common is just down Lodge Road, about a 20 minute walk, where you can enjoy a relaxing walk or keep fit activities.
All in all this house presents a great investment. The management agreement with the letting company is in place for another 2.5 years where they take care of the day to day running of property including minor repairs, tenant management and letting the rooms as and when they become available, so this is really a hands free investment.
EPC Rating: E
Council Tax Band: B
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EPC rating: E.