94 Goodwood Road, Southsea, Hampshire, PO5 1NW
- Unconditional Online Sale
- Offers in Excess of : £260,000
- Bedrooms: 3
- Bathrooms: 1
- Reception Rooms: 1
Fully Licensed 3-Bed HMO | £18,000 Annual Income | 6.92% Gross Yield | Prime Southsea Location | Near University & Seafront | Student Tenants | Strong Rail & Road Links | Regeneration Area | Turnkey Investment
Description
This well-presented, fully compliant 3-bedroom HMO—featuring one bathroom and an additional WC—offers a secure, student-focused investment in a prime Southsea location. Fully let to students, the property generates £18,000 in annual rental income, delivering a gross yield of 6.92% with reliable academic-year occupancy and repeat demand. Ideally positioned close to the university, seafront, and a wide range of local amenities, it benefits from consistently strong student appeal. Excellent transport connectivity via rail links to London and Southampton, alongside easy access to the M27 and A3, further enhances its accessibility. Supported by ongoing Portsmouth and Southsea waterfront and city-wide regeneration, this property represents a stable, low-void investment opportunity in one of the South Coast’s most established and resilient student rental markets.
Income Breakdown (Monthly)
| Room 1: £500.00 |
| Room 2: £500.00 |
| Room 3: £500.00 |
| Total Monthly Income: £1,500.00 |
| Total Annual Income: £18,000.00 |
Expenditure Breakdown (Monthly):
| Tenants cover all utility bills |
| Management: £225.00 |
| Total Monthly Expenditure: £225.00 |
| Total Annual Expenditure: £2,700.00 |
Investment Performance:
| Net Annual Income: £15,300.00 |
| Gross Yield: 6.92% |
| Net Yield: 5.88% |
Committed Sale Process
This property is offered for sale via the HMO X Committed Sale process. Buyers are advised to review the full Terms & Conditions of sale and all documentation contained within the legal pack before making an offer.
If your offer is accepted, a £3,500 reservation deposit will be required to secure the property and remove it from the market. The deposit is not a buyer’s fee and will be credited toward the purchase price on exchange.
Full details of the Committed Sale process are available within the legal pack or from the HMO X team.
Loading the bidding panel...
Financing
Looking to purchase at auction but need the right finance in place?
We’ve partnered with VIBE Finance to help our buyers secure fast and flexible funding solutions tailored for HMOs.
Get in touch with VIBE Finance today to explore the best financing options for your next HMO purchase
HMO X - VIBE FinanceAgreement Documents
Legal Documents
Log in to view legal documentsAdditional Documents
Related Documents
Make an Enquiry
Submit an enquiry and someone will be in contact shortly.
Share
By setting a proxy bid, the system will automatically bid on your behalf to maintain your position as the highest bidder, up to your proxy bid amount. If you are outbid, you will be notified via email so you can opt to increase your bid if you so choose.
If two of more users place identical bids, the bid that was placed first takes precedence, and this includes proxy bids.
Another bidder placed an automatic proxy bid greater or equal to the bid you have just placed. You will need to bid again to stand a chance of winning.