St Mary's Street
Southampton, SO14

£270,000 Offers in excess of
4
Call Us 023 8098 4046

Features

  • NO CHAIN
  • FANTASTIC 4 BED HMO
  • LAWFUL DEVELOPMENT CERT HELD FOR C4 USE
  • IDEAL INVESTMENT
  • CLOSE TO SOLENT UNI & CITY CENTRE
  • FULLY FURNISHED

Description

Currently tenanted until June 2022 this is an ideal investment.  The annual rent is £18,720 giving a net yield of 6.93%.  This gives the new owner a guaranteed income as the tenancy remains in place even though the ownership changes.    So definitely worth considering if you are looking to purchase your first HMO or expand your portfolio.

Purchased by the current owners off plan in 2003 the property has been consistently let since then mostly to students attending local colleges & Solent University. 

Spacious and bright, this property is set out over three floors and is being sold as is - fully furnished and with white goods as a going concern

The ground floor level has a large living room with dining area - perfect for relaxing & enjoying the company of your housemates & friends.  There is also a balcony off the lounge where you can enjoy the sunshine.  The separate modern kitchen has good cupboard & worktop space and comes with appliances.  The hallway has a storeroom for coats etc.

Down on the lower ground level are two large double bedrooms, a shower room with wc, whb & shower enclosure and another store cupboard in the porch which houses the clothes dryer.  The bedrooms both have access to exterior patio areas front and rear.

On the first floor you will find two more good sized double bedrooms and the tiled family bathroom with white suite & shower over bath arrangement.  There is also an additional room which could be used as a study, store room or utility room.

The property has one allocated parking space plus there is a secure rear yard.  Heating is via mains gas and there is double glazing throughout.

Located within a stone's throw to Solent University this property holds great appeal for students but would also suit professional sharers as it is within a short walk to the city centre.  There are good local shops on your doorstep and the vast selection of shopping & recreational activities of the city to choose from.  

The property is currently let to a group of students until June 2022 but could easily be used as a professional HMO from the next tenant change.  The property has C4 status and an HMO licence for 4 letting rooms - however we have been advised that the property has potential for a 5th bedroom or to develop into two self contained flats.  

 

PRACTICALITIES:

Title : Freehold 

Additional costs: Estate Management Charge currently £132 per annum

EPC Rating: C

Council Tax Band: C

Full HMO licence for 4 persons.

Lawful Development Cert held for C4 use.

No Chain

We endeavour to make our sales particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact. Any services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. All measurements have been taken as a guide to prospective buyers only, and are not precise. If you require clarification or further information on any points, please contact us, especially if you are travelling some distance to view. Fixtures and fittings other than those mentioned are to be agreed with the seller by separate negotiation.

 

EPC rating: C.

Documents

Floorplan
Download

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