3 bed terraced house for sale

Princes Place, Stanmore, Winchester SO22

Fantastic going concern investment opportunity with income in place until summer 2027!

Part of a larger portfolio, enquire for further details and opportunities!

This well-proportioned three-bedroom sharer property is offered for sale with a tenancy in situ until summer 2027, providing immediate rental income from day one of ownership.

The property is presented in good condition throughout and is located in the highly popular rental area of Stanmore, ideal for professional sharers, commuters, and students. Its close proximity to Winchester city centre and the University of Winchester has ensured consistent demand over many years, with the main campus just a short walk away. Princes Place is considered one of Stanmore's most sought-after locations, being even closer to the campus than many surrounding roads.

The ground floor comprises a spacious double bedroom, a separate kitchen, and a separate lounge, providing excellent communal living space for tenants. The kitchen is fully equipped and is to be sold with all appliances included, making for a straightforward investment takeover.

The first floor offers two further large double bedrooms, all fully furnished and notably larger than average for the area, with potential to add an en-suite to further enhance rental value. The bathroom is in good condition and features a shower over bath.

A key advantage of this property is that all bedrooms are doubles, which is relatively rare in the local HMO market and significantly enhances rental appeal. There is also scope to increase both value and rental income through cosmetic improvements and/or the addition of an en-suite.

To the rear, there is a good-sized, low-maintenance garden, ideal for tenant use.

The property is compliant with HMO standards and benefits from Article 4 exemption, allowing continued HMO use. Located on Princes Place, Stanmore, Winchester, the property is well positioned for local workers, commuting professionals, and students, with nearby amenities and public transport links supporting its consistent rental demand.

Further benefits include permit parking - a significant advantage in an area where parking is limited - further enhancing tenant appeal.

At an agreed rental figure of £1,850 pcm, with a bill cap in place, the property represents a strong net return on deposit of approximately 12.59%. Combined with the reliable demand for three-bedroom rentals in this location, this property would make an ideal addition to, or starting point for, a property investment portfolio. There is also potential for higher achievable rent following light refurbishment or en-suite installation.

For further information or to arrange a viewing, contact Martin & Co.