Summary - 40 GARBETT ROAD WINCHESTER SO23 0NX
2 bed 1 bath Apartment
Chain-free, income-producing two-bedroom ground-floor flat with large private garden.
Tenanted until Aug 2026 at £1,300 pcm (approx. 6% gross yield)
A ready-made investment in Winchester: this ground-floor, two-bedroom maisonette is offered with a sitting tenant until August 2026 generating £1,300 pcm (approx. 6% gross yield). The layout includes two double bedrooms, a large reception room, separate kitchen and a substantial private rear garden — features that support rental demand in the Winnall area.
Practical ownership costs are low: annual service charges are reported at £244 and ground rent is £10. The property has a 97-year lease remaining and is being sold leasehold via online auction (Secure Sale online bidding; terms apply). It is offered chain-free and with an established rental history, making it suitable for buy-to-let portfolios or investors seeking immediate income.
Be aware of material considerations: the wider area records higher crime and relative deprivation which can affect tenant profiles and long-term capital growth. The building dates from the late 1960s/early 1970s and some parts are described as dated or in need of upkeep — the property will suit buyers prepared to undertake basic refurbishment and ongoing maintenance. Buyers should also note the tenancy in place until 2026, limiting vacant possession initially, and that this is a leasehold sale with under 100 years remaining.
Viewings are recommended for investors who want a largely turnkey income stream with scope to add value through targeted updating and management. Confirm auction conditions, tenancy details and lease documents before bidding.
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