Festing Grove, Southsea, Hampshire
- PROPERTY TYPE
Terraced
- BEDROOMS
15
- BATHROOMS
14
- SIZE
Ask agent
- TENUREDescribes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.
Freehold
Key features
- Property Layout – Pair of adjacent HMOs with 15 letting rooms, licensed for 18 tenants
- Tenant Type – Fully tenanted by working professionals, providing strong, stable rental income
- Strategic Location – Prime Southsea location near seafront, university, shops and major employers
- Transport & Connectivity – Excellent rail links to London & Southampton, plus easy M27/A3 access and ferry routes
- Regeneration Benefits – Ongoing Portsmouth & Southsea waterfront and city centre regeneration boosting demand
- High Rental Income & Strong Yield – Gross annual income £127,560 delivering 11.09% yield
Description
Please note: A Buyer Onboarding Fee of £250 + VAT is payable by all purchasers upon offer acceptance. This covers full AML and Proof of Funds verification, investor onboarding, and one months' access to our exclusive HMO Xchange portal and dedicated Buyer’s Space within the HMO X Hub — providing specialist guides, content, and support for HMO investors of all experience levels.
Income Breakdown (Monthly):
72 Festing Grove:
Room 1a: £585.00
Room 1b: £640.00
Room 2: £700.00
Room 3: £735.00
Room 4: £650.00
Room 5: £585.00
Room 6: £715.00
Room 7: £720.00
74 Festing Grove:
Room1: £900.00
Room 2: £795.00
Room 3: £690.00
Room 4: £750.00
Room 5: £695.00
Room 6: £695.00
Room 7: £775.00
Total Monthly Income: £10,630.00
Total Annual Income: £127,560.00
Expenditure Breakdown (Monthly):
Gas: N/A
Electric: £458.00*
Water: £171.92
Council Tax: £121.00 (Only applicable to Rooms 1a and 1b - All other rooms are responsible for their own Council Tax)
TV License: £15.00
Broadband: £74.40
Cleaner: £144.00
Management (10%): £1,063.00
Total Monthly Expenditure: £2,047.32
Total Annual Expenditure: £24,567.84
* Electricity costs are offset by Landlord metering payments from most of the studio units. Approx annual billing by British Gas £12,500, Approx Income from Landlord metering £7,000 - Net cost £5,500 = £458pm
Investment Performance:
Net Annual Income: £102,992.16
Gross Yield: 11.09%
Net Yield: 8.96%
Compliance and Licensing:
- 257 HMO License
- EPC
- EICR
- Fire Risk Assessment
- Emergency Lighting Inspection Certificate
- 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.
- Ask agent
- 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.
- Ask agent
- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
- No wheelchair access
Festing Grove, Southsea, Hampshire
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About HMOX Ltd, Bournemouth
5&6 Branksome House, Discovery Court Business Centre, 551-553 Wallisdown Road, Poole, Dorset BH12 5AGYour mortgage
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Visit our security centre to find out moreDisclaimer - Property reference XFG-61027572. 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 HMOX Ltd, Bournemouth. 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.
*This is the average speed from the provider with the fastest broadband package available at this postcode. The average speed displayed is based on the download speeds of at least 50% of customers at peak time (8pm to 10pm). Fibre/cable services at the postcode are subject to availability and may differ between properties within a postcode. Speeds can be affected by a range of technical and environmental factors. The speed at the property may be lower than that listed above. You can check the estimated speed and confirm availability to a property prior to purchasing on the broadband provider's website. Providers may increase charges. The information is provided and maintained by Decision Technologies Limited. **This is indicative only and based on a 2-person household with multiple devices and simultaneous usage. Broadband performance is affected by multiple factors including number of occupants and devices, simultaneous usage, router range etc. For more information speak to your broadband provider.
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