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5 bedroom terraced house for sale
Walpole Road, Winchester SO22
£365,000
Walpole Road, Winchester SO22
£365,000
Our Summary
- Strong Investment/ Development Opportunity
- Compliant to HMO standards with short term room lets in place but in need of refurbishment to maximise return
- In Need of Modernisation
- Massive Potential
Description
This spacious five-bedroom HMO property is located in a popular rental location, within walking distance to the university campus, hospital, and town center. Although compliant with HMO standards, the property needs refurbishment to maximize its rental potential. With a sizeable loft conversion and two separate bathrooms, the property has plenty of space to work with. The current short-term room lets could be replaced with long-term tenancies, and with a makeover, the property could attract high-end tenants willing to pay top dollar. With a potential gross annual income of £30,000 and a net return of £25,000, this property offers a strong return on investment, with a gross ROI of 8.21% and a net return of 25%+.