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See how verdicts work4-bedroom house · SO23 0HX
For saleListed 125 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
An exciting project to convert a landmark Grade II listed building - planning granted (ref 24/02483/ful) viewings on Wednesdays and Fridays from 11am-2pm by appointment - offers by 31/07/26 Description A rare opportunity to acquire the former East Winchester Social Club, a well-known historic Grade II listed building now benefitting from full planning permission (Ref: 24/02483/ful) for a comprehensive renovation or complete re-build.
Set within an established residential location, the property presents an excellent prospect for developers or investors seeking to deliver a high-quality scheme, with significant scope to add value.
The existing building requires full redevelopment, effectively offering a blank canvas to create a modern, thoughtfully designed project that maximises the potential of this prominent site.
With planning already secured, this is a straightforward and attractive opportunity to transform a recognised local landmark into a standout development in a sought-after setting.
Location The property enjoys a prime position on historic Chesil Street, moments from the National Trust's Winchester City Mill, the renowned Chesil Rectory and the picturesque riverside footpath that follows the Weirs and Itchen Navigation south towards the water meadows of St Cross.
Perfectly placed for Winchester's pedestrianised High Street, it offers huge potential to develop property perfect for city living, combining period charm with immediate access to Winchester's excellent range of independent shops, cafés, restaurants and bars, as well as cultural and leisure facilities including the Theatre Royal, local cinema and sports and leisure park.
The area is particularly well served by both state and independent schools.
Winchester College and The Pilgrims' School are nearby, while other highly regarded options include All Saints CE Primary School, The Westgate School, Kings' School, Henry Beaufort School, Twyford School, Prince's Mead, St Swithun's School, Peter Symonds College and the University of Winchester.
Winchester's mainline railway station lies approximately one mile from the property and provides regular services to London Waterloo in around one hour.
Road communications are excellent, with Junction 11 of the M3 easily accessible to the south of the city.
The M3 connects with the M27 and Southampton Airport, while the A303 and A34 provide convenient routes to the West Country and the Midlands respectively.
Square Footage: 4,211 sq ft Additional Info Freehold All mains services are believed to be connected to the property.
Savills has not tested or inspected any of the services, systems or appliances and therefore cannot confirm that they are in working order.
Prospective purchasers should rely upon their own enquiries, inspections and surveys in this regard. The property is offered for sale as seen. Council Tax Band B
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
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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
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FAQ
About 50, Chesil Street, Hampshire
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