PROPERTY SPOTLIGHT: COITBURY HOUSE, WINCHESTER
We are very excited to announce our latest property in Winchester, the former offices of Winchester council, situated in the very heart of the bustling cathedral city.
Winchester is a vibrant, ancient and cultured city which is steeped in history. World famous attractions, medieval architecture, boutique shopping and a thriving food scene are the soul of this city, and the inspirational landscapes, breathtaking views and unspoiled countryside of the stunning South Downs National Park are moments away.
This property is perfect for guardian living; with accommodation set across three floors, each floor with its own kitchen, and a large shared living area on the ground floor, ideal for communal working or a performing area for more creative guardians! Winchester also has excellent transport connections into central London, as well as Southampton and Portsmouth on the south coast.
Some of our team recently took a day trip to visit the property and explore the local area, and they had some interesting things to report back.
As they explored the area it was immediately clear that there is a real need for guardianship in Winchester. Winchester is an expensive and affluent city, and private rental is rising, making it difficult for young professionals to get a foothold near their place of work.
We often talk about the housing crisis in London, but it is evident that the same issues are affecting numerous other cities. According to the Office for National Statistics, the average monthly rental prices in Winchester start from £625 for a Studio, £775 for a one-bedroom flat and £900 for a two-bedroom flat.
Being a university town, thousands of students and researchers flock for the high level of education, meaning that the demand for the rental market is constant, and landlords and realtors can charge a premium on rooms. When pricing our rooms, we found that the cost of living at our property is roughly 50% below market rate.
Guardianship is not just about money though, there is a flexibility that rental contracts just can’t offer, and with abundant research opportunities in the city, guardianship is the perfect option for those on short term contracts. It’s also ideal for people who are new to the city who want some flexibility while they get to know the area and choose the right accommodation path for them.
We can’t wait to fill this property with wonderful guardians from all backgrounds, and being in such a phenomenal location, we have a feeling that this is going to be one amazing community.