- Proven HMO income: £16,200 pa for 2025/26
- Three rentable bedrooms plus communal living room
- Chain-free freehold; quick transfer possible
- Small rooms; limited family appeal without modification
- Requires modernisation throughout; refurbishment likely needed
- Overgrown, small rear garden needing clearance or improvement
- Located in high-crime, deprived student neighbourhood
- Double glazing (installed before 2002); mains gas heating
A solid HMO performer in Portswood with a proven rental income of £16,200 pa for 2025/26. This mid-terrace Victorian house offers three rentable bedrooms, a communal living room, kitchen and shared bathroom across approximately 985 sq ft, plus a small rear garden. Chain-free freehold tenure makes transfer straightforward for an investor.
The property has period character and practical features — cavity walls, mains gas boiler and radiators, and double glazing already installed (pre-2002). Layout and location suit ongoing student lettings or a landlord seeking immediate income with minimal vacancy.
There are clear areas for improvement: the house needs modernisation throughout, the small rooms limit some market appeal, and the rear garden is overgrown and requires work. The area records higher crime and local deprivation levels, which are typical of densely let student neighbourhoods and can affect long-term capital growth.
For investors, the proven HMO track record and potential to reconfigure or extend (subject to consents) offer upside to increase rents and yield. For owner-occupiers seeking a project, expect refurbishment costs to modernise heating, kitchens, bathrooms and finishes before taking full advantage of the location.
