Summary - 45 PORTAL ROAD WINCHESTER SO23 0PU
3 bed 1 bath Semi-Detached
Secure income-producing three-bed HMO with refurbishment upside and strong rental demand..
HMO-compliant three-bed house generating income until summer 2026
Currently tenanted at £1,910 PCM with bills included
Scope to add a fourth bedroom to increase rental yield
Needs renovation and cosmetic updating throughout
Single bathroom only — may limit sharers' convenience
Private rear garden and conservatory; decent plot size
On-street permit parking only; no garage or off-street parking
Freehold property in a city-centre location
This three-bedroom semi-detached house in Portal Road offers a city-centre location and established HMO use, making it suited to investors seeking immediate rental income. Currently let as a three-room HMO until summer 2026, the property delivers a secured income stream with bills included and proven tenant demand from nearby university and local professionals.
The layout includes a spacious living room, conservatory and private rear garden with patio, plus on-street permit parking. The house is freehold and average-sized (approximately 861 sq ft) with a decent plot and low local crime — practical strengths for continued lettability.
The property needs renovation and cosmetic updating; internal wood panelling and dated finishes are present. There is only one bathroom and the current configuration is three bedrooms, though there is scope to add a fourth bedroom to increase income. Buyers should factor in refurbishment costs to realise higher rents and capital growth.
Overall this is a straightforward HMO investment with stable income and clear upside through minor redecoration or reconfiguration. Being close to the city centre, Winchester School of Arts and multiple good schools supports strong demand from students and professionals alike.
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