Goadsby are delighted to bring to market this prime investment property in Ordnance Road, Southampton, comprising a licensed 5-bedroom HMO, as well as a self-contained one-bedroom flat, and four rear parking spaces.
The property benefits from a full HMO licence (valid until 2028) and an LDC (C4) Certificate confirming planning consent for HMO use. Configured with five lettable rooms, the property has the potential to generate an annual income of approximately £26,400.
14a Ordnance Road is a self-contained one-bedroom flat, ideal for the private rental market, currently offering an income of £10,140 per annum.
To the rear, four private parking spaces are currently let to a local business at £4,320 per annum, with just three months' notice required for termination.
In total, the property offers a projected combined gross annual income of circa £40,860, making this a rare, high-yielding opportunity in a popular central Southampton location, close to transport links, the city centre, and the university.
For further information or to arrange a viewing, please contact Goadsby estate agents in Southampton.
DRAFT DETAILS
We are awaiting verification of these details by the seller(s).
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These particulars are believed to be correct but their accuracy cannot be guaranteed and they do not constitute an offer or form part of any contract. Solicitors are specifically requested to verify the details of our sales particulars in the pre-contract enquiries, in particular the price, local and other searches, in the event of a sale.
The Est. Mortgage is for a 25 years repayment mortgage based on a 10% deposit and a 5.5% annual interest. It is only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.
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