Kings Road, Alton, Hampshire, GU34
WA

Kings Road, Alton, Hampshire, GU34

By Warren Powell-Richards

£ 1,500,000

Reviews

3 out of 5 stars

Warren Powell-Richards says ..

A fantastic opportunity to acquire a fully licensed HMO property in a highly sought after location in one of Alton’s finest roads. Currently generating approximately £135,000 gross per annum(with the significant possibility for improvement)

Property Oracle says ..

This property on Kings Road, Alton, is a substantial 16-bedroom, 15-bathroom house currently operating as a fully licensed HMO. Its location is a key selling point, situated in a desirable residential area with easy access to Alton town center, good schools and a train station. The property itself presents a mixed picture. While the exterior appears tidy, the interior requires a significant amount of work. Photos reveal ongoing renovations, making it impossible to assess the final quality of the internal finish until completed. The sizable garden, including a swimming pool, adds to the overall appeal but necessitates additional maintenance and upkeep. The list price of £1,500,000 is high relative to similar properties in the area but is understandable given the rental income potential as an established HMO. Potential buyers must carefully weigh the costs of renovation against the future rental income stream. Ultimately, this property represents a high-risk, high-reward investment opportunity for someone comfortable managing a large property with ongoing renovation needs.

Therefore, we give this property 6 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

Price
7
Condition
5
Location
7
Land
6
Bedrooms
16
Bathrooms
15
Sqft (est)
1,884.76

The heatmap indicates the level of crime in the area. The color of the heatmap indicates the crime severity and recency.

Metrics Year-on-Year

Average area value
317,500.00 £
Increased by 26.46 %
from 251,061.00 £
Est sale value
522,078.52 £
Increased by 11.69 %
from 467,420.48 £
Average area rental value
900.00 £/mo
Decreased by 13.71 %
from 1,043.00 £/mo
Est letting value
0.00 £/mo
Decreased by 100.00 %
from 1,884.76 £/mo
Est rental Yield
3.40 %
Decreased by 31.86 %
from 4.99 %
Crime Rate
2.00 %
Unchanged by 0.00 %
from 2.00 %

Agent Activity

  • Warren Powell-Richards created the listing.

Nearby Schools

NameTypeOfstedDistance
The Butts Primary SchoolCommunity SchoolGood0.40 KM
Saint Lawrence Church Of England Primary SchoolVoluntary Controlled SchoolGood1.03 KM
Amery Hill SchoolAcademy ConverterGood1.04 KM
Bushy Leaze Early Years CentreLocal Authority Nursery SchoolOutstanding1.63 KM
Alton Infant SchoolCommunity SchoolGood1.67 KM

Images

Picture No. 18 Picture No. 04 Picture No. 06 Picture No. 09 Picture No. 12 Picture No. 05 Picture No. 07 Picture No. 10 Picture No. 11 Picture No. 08 Picture No. 20 Picture No. 19

Nearby Streets

NameAverage PriceAverage SqftDistance
Oakwood Drive £ 000.00 KM
Buckingham Close £ 000.00 KM
Knights Way £ 000.00 KM
Windsor Close £ 650,00000.00 KM
Rack Close Road £ 000.00 KM

Nearby Transport

NameNLCTLCDistance
Alton5544AON2.07 KM

Nearby Listings

AddressPriceTypeScoreDistance
Kings Road, Alton, Hampshire, GU34 £ 1,500,000BUY6 / 100.00 KM
Duchess Close, Alton, Hampshire £ 785,000BUY6 / 100.10 KM
Queens Road, Alton, Hampshire, GU34 £ 650,000BUYUnknown0.11 KM
Queens Road, Alton, Hampshire, GU34 £ 650,000BUY7 / 100.12 KM
Princess Drive, Alton, Hampshire, GU34 £ 650,000BUY6 / 100.16 KM

Nearby Properties

AddressPriceDistance
75 Queens Road £ 595,0000.12 KM
96 Queens Road £ 500,0000.12 KM
98 Queens Road £ 640,0000.12 KM
19 Kings Road £ 550,0000.13 KM
53 Queens Road £ 360,0000.18 KM