Summary - 40 GARBETT ROAD WINCHESTER SO23 0NX
2 bed 1 bath Ground Flat
Turnkey rental with reliable income and private garden near the station.
- Tenanted until August 2026 at £1,300 pcm (immediate income)
- Two double bedrooms, large reception, separate kitchen
- Private rear garden; ground‑floor maisonette
- Small overall size: 546 sq ft
- 97 years remaining on lease (shorter than new builds)
- Low service charge (£244.30 p.a.) and ground rent £10 p.a.
- Sold at online auction — 5% deposit and reservation fee apply
- Area has higher crime rates and relative deprivation
A ready-made income‑generating ground‑floor maisonette close to Winchester city centre and the station. The property is currently tenanted at £1,300pcm, offering immediate rental income until August 2026 — ideal for a buy‑and‑hold investor seeking a hands‑off cashflow. The flat includes two double bedrooms, a large reception room and a private rear garden within 546 sq ft of living space.
This lot is being sold via an online auction (Secure Sale) with an advertised starting bid of £200,000. To secure the property on exchange the successful bidder must pay a non‑refundable 5% deposit and a reservation fee (up to 6% incl. VAT, minimum £7,200). There is also a modest annual service charge (£244.30) and ground rent (£10 p.a.). The lease has 97 years remaining — sufficient for mortgage lenders but something to check with your lender or solicitor.
Practical positives: double glazing, mains gas central heating, fast broadband and excellent mobile signal. Material considerations: the property sits in an area with higher crime and relative deprivation, it is small at 546 sq ft and will be sold with tenants in situ until 08/2026, so vacant possession is not immediate. Buyers should review the legal pack and factor auction fees, tenant terms and lease details into their due diligence.
This is a straightforward, turn‑key letting asset for an investor seeking immediate yield in Winchester; it suits portfolios wanting rental continuity and low running charges, but not buyers needing vacant possession or a long lease premium.
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