Garbett Road, Winchester, SO23

AUCTION PROPERTY SALE, STARTING BID £200,000

Investment Opportunity – 2-Bedroom Maisonette with 6% Yield – Tenanted Until August 2026

Offered for sale is this well-presented 2-bedroom ground floor maisonette, tenanted until August 2026 at £1,300 PCM, providing an immediate and secure income stream with a gross yield of approximately 6%.

Key Features:

Two generously sized double bedrooms
Spacious reception room
Separate kitchen with ample space
Large private rear garden
Low annual service charges
No onward chain
Excellent rental history and tenant in place
Winnall is a well-established rental hotspot, popular with professionals and students due to its convenience and connectivity. This property represents a turnkey investment in one of Hampshire’s most sought-after rental markets.

Viewings highly recommended – a rare, ready-made investment opportunity in Winchester.

Lease Length: 97 Years Remaining
Service Charges: £139.09 Per Annum
Ground Rent: £10 Per Annum
Sellers Position: No Onward Chain, tenants in situ

Opportunities like this are in high demand—enquire today to secure a proven, income-generating asset for your portfolio.

Auctioneers Additional Comments

Pattinson Auction are working in partnership with the marketing agent on this online auction sale and are referred to below as The Auctioneer.

This auction lot is being sold under either conditional (Modern) or unconditional (Traditional) auction terms and overseen by The Auctioneer in partnership with the marketing agent. The property can be viewed strictly by appointment only via the marketing agent or The Auctioneer. Bids can be made via either party. Please note that any enquiry, bid, or viewing will require your details being shared between both the marketing agent and The Auctioneer to ensure the process runs smoothly. The property is being sold via a transparent online auction.

To submit a bid, all buyers must complete an identity verification process in accordance with Anti-Money Laundering (AML) procedures. Bids can be placed anytime and from anywhere.

The advertised price is a Starting Bid or Guide Price and is accompanied by a confidential Reserve Price (typically within ±10% of the Guide Price). These prices are subject to change, and the auction may be closed early if the property is sold prior to the scheduled end.

A Legal Pack is available on request and should be reviewed prior to bidding. It contains essential documentation outlining the buyer’s obligations and the seller’s commitments. We strongly advise all interested parties to seek legal advice before proceeding.

To secure the property upon exchange, the successful bidder must pay:

• A non-refundable deposit equivalent to 5% of the purchase price (contributing towards the final price), and

• A non-refundable reservation fee of up to 6% incl. VAT (minimum £7,200 incl. VAT), payable in addition to the purchase price.

Both the marketing agent and The Auctioneer may, if considered beneficial, refer buyer details to third-party service suppliers and may receive a referral fee. There is no obligation to use these services.

Garden

Large garden to the rear of the property which is mostly laid to lawn and includes paved patio area also. It also includes side access to the front and also an outside bike store.