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5 bedroom semi-detached house for sale
Southampton
£465,000
Southampton
£465,000
Our Summary
- Configured with five lettable rooms, the property has the potential to generate an annual income of approximately £26,400
Description
This prime investment property in Ordnance Road, Southampton, comprises a licensed 5-bedroom HMO and a self-contained one-bedroom flat, as well as four rear parking spaces. The HMO has a full licence until 2028 and an LDC Certificate confirming planning consent for HMO use, and has the potential to generate an annual income of approximately £26,400. The one-bedroom flat is ideal for the private rental market and currently offers an income of £10,140 per annum. Additionally, the four parking spaces are currently let to a local business at £4,320 per annum, with just three months' notice required for termination. Overall, the property offers a projected combined gross annual income of circa £40,860, making it a rare, high-yielding opportunity in a popular central Southampton location.