2-bedroom flat · SO23 8GJ
For saleListed 7 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
The apartment The apartment covers approximately 1,378 sq ft on one level, with a well-considered layout that flows seamlessly from one room to the next.
The drawing room is the principal living space, offering ample room for multiple seating areas, while high ceilings and tall sash windows allow plenty of natural light to flood in.
The kitchen/breakfast room sits just off the drawing room, with space for a proper dining table. There are two double bedrooms, kept apart from each other.
The main bedroom has an en suite, and a separate bathroom serves the second bedroom and guests.
Situated on the top floor, the apartment enjoys excellent natural light from multiple aspects and appealing outlooks from most rooms.
It would work as a full-time home or as a base in the city that's easy to look after. A lift provides convenient access to the apartment for residents and guests.
Outside Residents share well-kept communal gardens, including the lavender beds the barracks are known for.
The apartment has two private parking bays directly behind the building, plus two visitor permits. The building The site has an unusual history.
Sir Christopher Wren designed a palace here for Charles II in 1683, based on Versailles. Work stopped when the King died in 1685, and the building was never finished.
Over the next century it held prisoners of war, then French refugee clergy, and then became an army barracks. It burned down on 19 December 1894.
The replacement, finished by 1904, reused columns and stonework from Wren's building. The army left in the 1980s, and in 1994 most of the site was sold and turned into homes.
Winchester's Military Museums still occupy part of it. The former parade ground is now the landscaped square at the centre. Location Peninsula Square is at the top of the High Street.
The cathedral, independent shops, restaurants, the Theatre Royal and The Arc are all a short walk away.
Schooling is a strong draw, with options including The Pilgrims' School, Winchester College, St Swithun's, The Westgate School, King's School and Peter Symonds College.
Winchester station is about 0.7 miles away, with trains to London Waterloo in around 58 minutes. Junctions 9 to 11 of the M3 are close by.
The M27, A34 and A303 connect to the coast, the New Forest, Oxford and the West Country.
Disclaimer All measurements are approximate and quoted in metric with imperial equivalents and for general guidance only and whilst every attempt has been made to ensure accuracy, they must not be relied on.
The fixtures, fittings and appliances referred to have not been tested and therefore no guarantee can be given and that they are in working order.
Internal photographs are reproduced for general information and it must not be inferred that any item shown is included with the property.
Whilst we carryout our due diligence on a property before it is launched to the market and we endeavour to provide accurate information, buyers are advised to conduct their own due diligence.
Our information is presented to the best of our knowledge and should not solely be relied upon when making purchasing decisions.
The responsibility for verifying aspects such as flood risk, easements, covenants and other property related details rests with the buyer.
Value & comps
No previous sales on record.
Returns
Set an offer; the calculator follows it.
We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below asking
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisors before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
Agent & docs

FAQ
About Peninsula Square, Winchester, Hampshire
Explore nearby