Standout Features
- 3 Bedroom HMO Flat
- Great Location for Town and University of Winchester
- Sold as a Going Concern
- Well Maintained and Managed
- Sold Fully Furnished Throughout
- Tenanted until 2027
- Low Charges
- Strong Rental History
- Gas Central Heating
- Local Shops Nearby
Property Description
This well-proportioned three-bedroom investment flat is offered with a tenancy in situ until 2027, presenting an excellent opportunity for investors seeking immediate and reliable rental income.
Currently achieving £1,650 PCM, the property offers clear scope to increase to approximately £1,800 PCM through light cosmetic improvements, providing strong potential to enhance both yield and long-term value.
The property comprises three generous double bedrooms, all well-sized and suitable for professional sharers or student tenants. The layout is highly practical, with a separate fitted kitchen and a central hallway providing access to all rooms, creating a functional and low-maintenance living arrangement.
The flat benefits from a bathroom with shower over bath, alongside a separate WC - a particularly attractive feature for shared living. The overall condition is good, with scope for modernisation to further increase rental appeal and maximise returns.
With approximately 784 sq ft (72.8 sq m) of internal space, the property offers well-balanced accommodation, with Bedroom 1 being particularly spacious and two further double bedrooms providing flexibility for a range of tenant profiles.
Additional benefits include a long lease expiring in March 2113, offering long-term security, alongside a low ground rent of just £10 per annum and a service charge of £1,117.40 per annum, ensuring manageable ongoing costs.
Overall, this is a strong, income-generating asset with immediate returns and future upside, ideal for both experienced investors and those looking to establish or expand a buy-to-let portfolio.
Currently achieving £1,650 PCM, the property offers clear scope to increase to approximately £1,800 PCM through light cosmetic improvements, providing strong potential to enhance both yield and long-term value.
The property comprises three generous double bedrooms, all well-sized and suitable for professional sharers or student tenants. The layout is highly practical, with a separate fitted kitchen and a central hallway providing access to all rooms, creating a functional and low-maintenance living arrangement.
The flat benefits from a bathroom with shower over bath, alongside a separate WC - a particularly attractive feature for shared living. The overall condition is good, with scope for modernisation to further increase rental appeal and maximise returns.
With approximately 784 sq ft (72.8 sq m) of internal space, the property offers well-balanced accommodation, with Bedroom 1 being particularly spacious and two further double bedrooms providing flexibility for a range of tenant profiles.
Additional benefits include a long lease expiring in March 2113, offering long-term security, alongside a low ground rent of just £10 per annum and a service charge of £1,117.40 per annum, ensuring manageable ongoing costs.
Overall, this is a strong, income-generating asset with immediate returns and future upside, ideal for both experienced investors and those looking to establish or expand a buy-to-let portfolio.
Additional Information
Tenure:
Leasehold
Ground Rent:
£10 per year
Service Charge:
£1,117 per year
Council Tax Band:
B
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Woolford Close
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