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Milton Road, Polygon, Southampton, Hampshire, SO15

PROPERTY TYPE

Detached

BEDROOMS

3

BATHROOMS

1

SIZE

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TENURE
Describes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.

Freehold

Description

An exciting investment opportunity has arisen to acquire, one of two freehold maisonettes within a detached dwelling located in the popular Polygon area of Southampton, a short walk from Southampton train station in the city centre. Both maisonettes are currently let under House of Multiple Occupation (HMO) arrangements to working professionals, offering an attractive yield with combined annual income of £37,320.

Each maisonette features a spacious communal living area ideal for lounging, dining and entertaining, coupled with a well-equipped kitchen fitted with base and wall cabinetry, roll-edge work surfaces, built-in cooking appliances and provisions for a washing machine and fridge freezer. A shared shower room serves the tenants and includes a glazed shower cubicle, low-level WC, and wash basin.

Sat on a generous plot with surrounding lawned gardens and driveway access via Wilton Road.

This established HMO offers strong potential for expansion, development, or further enhancements, making it a unique and unmissable opportunity. The property will be sold as a pair with no onward chain through a modern method of auction, provided by I Am Sold Limited.

Auctioneer Comments - This property is for sale by the Modern Method of Auction. Should you view, offer or bid on the property, your information will be shared with the Auctioneer, iamsold Limited. This method of auction requires both parties to complete the transaction within 56 days of the draft contract for sale being received by the buyer’s solicitor (for standard Grade 1 properties). This additional time allows buyers to proceed with mortgage finance (subject to lending criteria, affordability and survey). The buyer is required to sign a reservation agreement and make payment of a non-refundable Reservation Fee. This being 4.5% of the purchase price including VAT, subject to a minimum of £6,600.00 including VAT. The Reservation Fee is paid in addition to purchase price and will be considered as part of the chargeable consideration for the property in the calculation for stamp duty liability. Buyers will be required to go through an identification verification process with iamsold and provide proof of how the purchase would be funded. This property has a Buyer Information Pack which is a collection of documents in relation to the property. The documents may not tell you everything you need to know about the property, so you are required to complete your own due diligence before bidding. A sample copy of the Reservation Agreement and terms and conditions are also contained within this pack. The buyer will also make payment of £300 including VAT towards the preparation cost of the pack, where it has been provided by iamsold. The property is subject to an undisclosed Reserve Price with both the Reserve Price and Starting Bid being subject to change. Referral Arrangements Both Morris Dibben and Auctioneer may recommend the services of third parties to you. Whilst these services are recommended as it is believed they will be of benefit; you are under no obligation to use any of these services and you should always consider your options before services are accepted. Where services are accepted the Auctioneer or Partner Agent may receive payment for the recommendation and you will be informed of any referral arrangement and payment prior to any services being taken by you.

COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
Band: B
PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
Yes
GARDENA property has access to an outdoor space, which could be private or shared.
Yes
ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
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Milton Road, Polygon, Southampton, Hampshire, SO15

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About Morris Dibben, Southampton

53 London Road, Southampton, SO15 2AD
Industry affiliations:Industry affiliation logo 0Industry affiliation logo 1Industry affiliation logo 2

About this branch

Our Sales and Lettings branch occupies a prominent corner plot on London Road in the heart of the city. Our experienced team have been selling and letting property in Southampton for years and have extensive knowledge of the area.

Local information about Southampton

Southampton is a port city in Hampshire on the south coast. It's the closest city to the New Forest but is also a very green city, in the heart of the city is the Common with 326 acres of woodland and open spaces, Riverside Park, Weston Shore and over 40 others.

Southampton is a vibrant and well-connected city with two universities, a teaching hospital, theatres, music venues, football club, port and marina. The city is a favourite for students, young professionals, families and retirees with excellent connections by road, train and sea.

Why Choose Morris Dibben

Morris Dibben have been successfully selling and letting homes in and around the cities of Southampton and Portsmouth for over 50 years, and are recognised as one of the most highly respected estate agencies in the region.

We have branches strategically located across southern Hampshire all the way toward the extremes of the Solent. Our core strength is the ability to deal professionally with hugely diverse markets from inner city starter homes to multi-million-pound countryside mansions.

Our team have a wealth of local knowledge and maintain strong, personal relationships with their local communities.

Morris Dibben is also part of the Countrywide Group, the UK's largest estate agency network. This gives you peace of mind that your property is in the safe hands of our local experts, supported by a central team of specialists all working on your behalf.

Your mortgage

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Years
%
Monthly repayments
£934
We think you can borrow up to
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Disclaimer - Property reference MSN220164. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Morris Dibben, Southampton. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Morris Dibben, Southampton on 0238 144 9928.

*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.

Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”

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