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5 bedroom semi-detached house for sale
Southampton
£350,000
Southampton
£350,000
Our Summary
- With scope to generate an annual rental income of approximately £26,400, it presents an ideal turnkey investment opportunity
- Together, the HMO and parking offer a potential gross income of circa £30,720 per annum, combining reliable rental income with additional off-street parking revenue, a highly attractive investment proposition in this sought-after central location
Description
This 5-bedroom HMO property in a central location offers a lucrative investment opportunity with a current HMO licence valid until 2028 and planning consent for HMO use. The property generates an annual rental income of approximately £26,400, and the rear also features four parking spaces, currently let to a local business at £4,320 per annum, providing a supplementary income stream. Additionally, the seller is willing to grant a new 999-year lease on a zero ground rent and zero maintenance basis for the adjoining flat, allowing the buyer to purchase the entire property and parking spaces, resulting in a potential gross income of circa £30,720 per annum.