Princes Place, Stanmore, Winchester
- PROPERTY TYPE
Terraced
- BEDROOMS
3
- BATHROOMS
1
- SIZE
847 sq ft
79 sq m
- TENUREDescribes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.
Freehold
Key features
- Three-Bedroom HMO
- Going Concern with Tenancy in Place Until June 2027
- Prime Rental Location
- Large Rear Garden
- Walking Distance To Town, University, and Local Shops
- Well Maintained and Managed
- Strong Rental History
- Gas Central Heating
- 3 Good Sized Rooms
- Sold Fully Furnished Throughout
Description
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.
- 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.
- Band: C
- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
- On street,Permit
- GARDENA property has access to an outdoor space, which could be private or shared.
- Yes
- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
- Ask agent
Princes Place, Stanmore, Winchester
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Visit our security centre to find out moreDisclaimer - Property reference 100540006047. 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.
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