Incredible 4 Bed HMO & 2 x Self Contained Flats

Burgess Road Southampton, SO16

REF 942

  • INVESTMENT

    £430,000

  • GROSS YIELD

    7.66%

  • ANNUAL RENT

    £32,940

AgentHMO default property
Sold
  • INVESTMENT

    £430,000

  • GROSS YIELD

    7.66%

  • ANNUAL RENT

    £32,940

  • REF

    942

DESCRIPTION

This is an incredible opportunity to purchase a fully let, 4 bed HMO with 2 newly refurbed 1 bed flats.

Both flats have been refurbished to a very high standard throughout, currently fully tenanted and in a prime location with Southampton General 10 mins by car, Southampton Uni a 5 minute walk and the train station just a 15 minute walk.

This property offers high returns with a gross annual rent of £32,940.

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Features

  • Fully Tenanted
  • Great Location
  • Strong Rental Demand
  • Capital Growth Potential
  • Good Transport Links
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FINANCIALS

  • Investment £430,000
  • Gross Annual Rent £32,940
  • Gross Monthly Rent £2,745
  • Gross Yield 7.66%
  • Net Monthly Rent £2,355
  • Net Yield 6.57%
  • Min 25% Deposit Requirement £107,500
  • Monthly Mortgage Payment* £672
  • Monthly Cashflow £1,683

*Based on 75% LTV 2.5% APR. Note. Always speak to a qualified HMO mortgage broker for an accurate quote. These rates are an example of the potential % APR rates only. Visit theHMOmortgagebroker.co.uk to find out the latest HMO mortgage rates.

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Fees

  • Buyers Fee £0

The fee charged to the buyer in addition to the purchase price.

  • Reservation Deposit £2,000

The deposit amount to secure the HMO opportunity. This is fully refundable in accordance with the terms & conditions (see FAQs) and is deducted from the purchasre price upon completion. In the case of this property, the reservation deposit is £2000 then the balance due on completion is £428,000.

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Property

  • Property Type House
  • Double Glazing Full
  • Sub Type Semi-Detached
  • Garage None
  • Tenure Freehold
  • Garden Rear
  • Construction Brick & Tile
  • Parking Off-Road
  • Condition Good
  • No Parking Spaces 3
  • Heating Gas Central Heating
  • EPC Rating 58D
  • Size 1646 ft²
  • Listed Building No
  • Kitchens 1
  • Double 4
  • Reception Rooms 1
  • Shared Bathrooms 1
  • 1 Bed Flat 2
  • Property Type House
  • Double Glazing Full
  • Sub Type Semi-Detached
  • Garage None
  • Tenure Freehold
  • Garden Rear
  • Construction Brick & Tile
  • Parking Off-Road
  • Condition Good
  • No Parking Spaces 3
  • Heating Gas Central Heating
  • EPC Rating 58D
  • Size 1646 ft²
  • Listed Building No
  • Kitchens 1
  • Double 4
  • Reception Rooms 1
  • Shared Bathrooms 1
  • 1 Bed Flat 2
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Photos

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VIRTUAL TOUR

Use the most immersive way to experience a property online. Take a virtual tour.

Use the most immersive way to experience a property online. Take a virtual tour.

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Rental

  • Tenant Type
  • Professional
  • 12 Month Occupancy
  • Occupancy
  • Fully Let
  • Tenancy Type
  • Multi Tenancy
  • No. of Tenants
  • 6
  • Tenant Type
  • Professional
  • Occupancy
  • Fully Let
  • 12 Month Occupancy
  • Tenancy Type
  • Multi Tenancy
  • No. of Tenants
  • 6
  • Unit 1
  • £375
  • Let
  • Double Room
  • Unit 2
  • £375
  • Let
  • Double Room
  • Unit 3
  • £375
  • Let
  • Double Room
  • Unit 4
  • £375
  • Let
  • Double Room
  • Unit 5
  • £595
  • Let
  • 1 Bed Flat
  • Unit 6
  • £650
  • Let
  • 1 Bed Flat
  • Total £2745
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Costs

  • Gas £70
  • Water £60
  • Wifi £40
  • Electric £70
  • Cleaner
  • TV Licence £13
  • Insurance
  • Council Tax £137
  • Gas £70
  • Water £60
  • Wifi £40
  • Electric £70
  • Cleaner
  • TV Licence £13
  • Insurance
  • Council Tax £137
  • Total £390
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LICENSING

  • HMO License Required No
  • HMO License Expiry 2026-01-27
  • HMO License in Place Yes
  • No of Persons 5
  • Units of Accomodation 4
  • HMO License Required No
  • HMO License Expiry 2026-01-27
  • HMO License in Place Yes
  • No of Persons 5
  • Units of Accomodation 4
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Management

  • Type Self Managed

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FLOOR PLAN

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LOCATION

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BROCHURE

Download the investment brochure
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This property is now Sold. For more like it you can leave your details and we will be in touch to discuss.
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