3 bed flat for sale

Woolford Close, Winchester SO22

Three bedroom HMO investment with tenancy in place – prime stanmore location

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

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.