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 %
- Est sale value
- 522,078.52 £Increased by 11.69 %
- Average area rental value
- 900.00 £/moDecreased by 13.71 %
- Est letting value
- 0.00 £/moDecreased by 100.00 %
- Est rental Yield
- 3.40 %Decreased by 31.86 %
- Crime Rate
- 2.00 %Unchanged by 0.00 %
Agent Activity
Warren Powell-Richards created the listing.
Nearby Schools
| Name | Type | Ofsted | Distance |
|---|---|---|---|
| The Butts Primary School | Community School | Good | 0.40 KM |
| Saint Lawrence Church Of England Primary School | Voluntary Controlled School | Good | 1.03 KM |
| Amery Hill School | Academy Converter | Good | 1.04 KM |
| Bushy Leaze Early Years Centre | Local Authority Nursery School | Outstanding | 1.63 KM |
| Alton Infant School | Community School | Good | 1.67 KM |
Images
Nearby Streets
| Name | Average Price | Average Sqft | Distance |
|---|---|---|---|
| Oakwood Drive | £ 0 | 0 | 0.00 KM |
| Buckingham Close | £ 0 | 0 | 0.00 KM |
| Knights Way | £ 0 | 0 | 0.00 KM |
| Windsor Close | £ 650,000 | 0 | 0.00 KM |
| Rack Close Road | £ 0 | 0 | 0.00 KM |
Nearby Transport
| Name | NLC | TLC | Distance |
|---|---|---|---|
| Alton | 5544 | AON | 2.07 KM |
Nearby Listings
| Address | Price | Type | Score | Distance |
|---|---|---|---|---|
| Kings Road, Alton, Hampshire, GU34 | £ 1,500,000 | BUY | 6 / 10 | 0.00 KM |
| Duchess Close, Alton, Hampshire | £ 785,000 | BUY | 6 / 10 | 0.10 KM |
| Queens Road, Alton, Hampshire, GU34 | £ 650,000 | BUY | Unknown | 0.11 KM |
| Queens Road, Alton, Hampshire, GU34 | £ 650,000 | BUY | 7 / 10 | 0.12 KM |
| Princess Drive, Alton, Hampshire, GU34 | £ 650,000 | BUY | 6 / 10 | 0.16 KM |
Nearby Properties
| Address | Price | Distance |
|---|---|---|
| 75 Queens Road | £ 595,000 | 0.12 KM |
| 96 Queens Road | £ 500,000 | 0.12 KM |
| 98 Queens Road | £ 640,000 | 0.12 KM |
| 19 Kings Road | £ 550,000 | 0.13 KM |
| 53 Queens Road | £ 360,000 | 0.18 KM |