£2,950,000

36 bed detached house for sale
Millway Road, Andover, Hampshire SP10

    • 36 beds

    • 25 baths

    • 9 receptions

  • Chain free
  • Freehold

Prospect - Reading

Logo of Prospect - Reading

About this property

  • Potential To Add Significant Value

  • No Chain Sale

  • Fully Tenanted Property

  • 10.2% Yield

  • Walking Distance To Train Station

  • Recently Refurbished Throughout

  • 15,000 sqft

  • Immaculate Condition

No chain sale

This exceptional investment opportunity comprises a substantial detached property set within approximately 0.82 acres and over 15,000sqft, offering both immediate income and significant scope to enhance value. Fully tenanted and generating an impressive annual rental income of £300,800, the asset provides a strong and reliable revenue stream from day one. With established occupiers in place, the property benefits from zero void risk and consistent income continuity, making it an ideal turnkey acquisition for investors seeking secure returns alongside long-term capital growth.

The accommodation is extensive and well-arranged across three floors. The ground floor features an entrance lobby, office, 17 Double Rooms (16 with en-suite facilities), a spacious lounge, dining room, activities room, kitchen, three additional bathrooms with WCs, and a boiler room.

The first floor provides a further 24 Double Rooms, 20 of which benefit from en-suite facilities, together with a lounge, two bathrooms with WCs, and a separate WC. The second floor comprises a self-contained penthouse apartment with its own kitchen, bathroom, and storage, offering flexible options for premium rental or owner occupation.

Externally, the property is equally impressive. To the front, there is ample off-road parking for approximately 10–15 vehicles, along with a secure, well-maintained garden accessed via the activities room. The garden is predominantly laid to lawn and incorporates a level tarmac walking area, a patio with gazebo, and raised flower beds. Beyond the secure garden lies a further generous lawned area with mature trees and established shrubs, enhancing the overall setting.

Situated in a predominantly residential area on the western side of Andover, the property enjoys excellent connectivity, with convenient access to the A303 and M3 linking to London and Southampton. Andover’s mainline railway station also provides regular direct services to London Waterloo, further strengthening its appeal to both tenants and investors.

Combining scale, strong yield credentials, and clear potential for future enhancement or repositioning, this is a rare opportunity to acquire a high-performing, income-generating asset in a well-connected location.

Zoopla tools

Stamp duty calculator

Our instant calculator helps you understand how much stamp duty is due on property purchases in England & Northern Ireland. Read the latest stamp duty news

From 1st April 2025 £-

This calculation is intended as a guide only. We are unable to provide financial advice, so it's important to consult with an adviser. It applies to UK residents purchasing residential properties in England and Northern Ireland, but does not apply if the purchase is made through a company.

Zoopla insights

Sign in and gain expert analysis to make informed decisions.

More information

  • Tenure

    Freehold

  • Council tax band

    H

  • Report this listing
See all recent sales in SP10

Property descriptions and related information displayed on this page are marketing materials provided by - Prospect - Reading. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact Prospect - Reading for full details and further information.