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Walpole Road, Winchester

PROPERTY TYPE

Terraced

BEDROOMS

5

BATHROOMS

2

SIZE

1,227 sq ft

114 sq m

TENURE
Describes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.

Freehold

Floorplan 1
1

Key features

  • Five Bedroom HMO
  • In Need of Modernisation
  • Partial Tenancies in Place
  • Fully Furnished Throughout
  • Two Bathrooms/Shower Rooms
  • High Yielding Possibility
  • Good HMO Rental Location
  • 15-Minutes Walking Distance to Main Uni Campus
  • Off-Road Parking For One Car and Free On Street Parking
  • Massive Potential

Description

Spacious five-bedroom HMO located within a short walk of the main University Campus, Hospital and Town Centre.
Compliant to HMO standards with short term room lets in place but in need of refurbishment to maximise return.

Lots of square footage to play with and a sizeable loft conversion already in place.
2 separate bathrooms and a sizeable communal space gives this property all the features needed to reach to the top of the market with a makeover.
Post refurbishment you are left with 5 large double bedrooms in a desirable rental area, extra bathrooms and good communal space with free on street parking!
Others in this road done to a high standard are achieving in excess of a gross £650 a month per room!

At a conservative £500 net per room the returns are strong at £2500 per month, £30,000 per annum granting you have a gross ROI of 8.21%, and pre- refurb net return on cash for purchase (£117,750) of 25%+!

Call Martin & Co to discuss your investment plans today!

 
COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
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PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
On street,Off street
GARDENA property has access to an outdoor space, which could be private or shared.
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ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
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Walpole Road, Winchester

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About Martin & Co, Winchester

64 Parchment Street Winchester SO23 8AT
Industry affiliations:Industry affiliation logo 0Industry affiliation logo 1

Our approach is all about you! At Martin & Co we have over 25 years experience dealing with property. Whether a landlord, tenant, buyer, seller or and/or an investor, our customers can tailor our Letting and Estate Agency packages to suit their needs.

We have just under 200 offices throughout the UK ready to help you let a property, rent a new home, buy or sell. Contact your local Martin & Co office to see how they can help you.

Sellers

Martin & Co has been selling houses since 1986. In summer 2012 we launched our new Subscription Sales Service - we provide a 0% sales commission service and the option of advertising on Rightmove and the Martin & Co website for a monthly subscription fee, alongside the Traditional Estate Agency model.

Buyers

Whether you are an existing landlord with Martin or Co and looking to increase your buy-to-let portfolio, new to the world of property, a first time buyer, or even an existing tenant, Martin & Co can guide you through purchasing your ideal property recognising the different requirements whether this is to be your home or an investment.

Landlords & Investors

Landlords when letting your property with Martin & Co you will benefit from the strength and awareness a national brand brings, in addition to having the opportunity and peace of mind to discuss your personal requirements with knowledgeable local business owners.

Tenants

At Martin & Co not only do we have a great choice of properties and expert knowledge of the local market, but we also go the extra mile to ensure that the entire process is as hassle free as possible. Property to rent does move quickly so it is best to register with your local Martin & Co office a month or so before you need to move into your new rented home.

Your mortgage

Per year
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Years
%
Monthly repayments
£1,698
We think you can borrow up to
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These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

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Disclaimer - Property reference 100540005593. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Martin & Co, Winchester. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

*This is the average speed from the provider with the fastest broadband package available at this postcode. The average speed displayed is based on the download speeds of at least 50% of customers at peak time (8pm to 10pm). Fibre/cable services at the postcode are subject to availability and may differ between properties within a postcode. Speeds can be affected by a range of technical and environmental factors. The speed at the property may be lower than that listed above. You can check the estimated speed and confirm availability to a property prior to purchasing on the broadband provider's website. Providers may increase charges. The information is provided and maintained by Decision Technologies Limited.
**This is indicative only and based on a 2-person household with multiple devices and simultaneous usage. Broadband performance is affected by multiple factors including number of occupants and devices, simultaneous usage, router range etc. For more information speak to your broadband provider.

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