This is a great opportunity to invest in a well maintained, well located HMO in Southampton. The property has been operated as an HMO since 2006 and is let on a room by room basis. The current annual rent is £26,700 p.a. giving a gross yield of 8.2% before direct property costs.
Spacious and bright, this property is set out over three floors and is being sold as is - fully furnished and with white goods
The communal areas are excellent with a spacious modern fitted kitchen at the rear of the house on the ground floor. Providing good worktop & cupboard space, the appliances are included - fridge/freezer & additional fridge in the kitchen and washing machine, dryer and freezer in the adjoining utility room. There is also a small dining area. On the first floor there is a very congenial living room - the perfect place for tenants to relax and enjoy each other's company. This is comfortably furnished with two sofas, dining table & television.
The bathrooms and bedrooms are spread out over the three floors as follows:
Ground floor - guest wc and double bedroom to the front
First floor - bathroom with shower enclosure, whb & wc and double bedroom to the front
Second floor - family bathroom with shower over bath arrangement and three double bedrooms.
All the bedrooms are nicely decorated and furnished with double bed, wardrobe, drawers, desk & chair. They all provide a good space for each tenant to make their own haven from the hustle & bustle whilst also having the convenience of the communal areas to enjoy cooking, dining and relaxing.
The garden to the rear of the house is mostly laid with lawn and some shrubs and this then leads to the garage which could be used for parking or storage.
Located just off Archers Road, there is easy access to most parts of the city with an excellent bus service to bring you to the city centre, Southampton University and Hospital. There are good local shops closeby on Archers Road and Bedford Place plus the vast selection of shopping & recreational activities of the city to choose from.
Title : Freehold
Additional costs: Communal garden maintenance £25 per annum
EPC Rating: C
Council Tax Band: D (£1,846.70 for 2020/21)
Full HMO licence for 5 persons - please note prospective purchasers would have to satisfy themselves with regard to the planning designation of the property.
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.
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EPC rating: C.