2-bedroom flat · SO23 9JD
Listing removedListed 110 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
The Property: This ground floor garden flat has been well maintained although buyers may well now wish to improve.
Situated in a small block of just four properties, the property is offered with a long lease with a ground rent of just £45 per annum and with no service charge.
There is a delightful, well-tended, part walled garden with a patio, lawn and well stocked beds, brimming with a variety of shrubs.
Also benefitting from side access to the front and a garage with a parking space in front, this property is a particularly compelling purchase.
Location: Situated in a delightful close affording excellent access to the High Street, railway station and Everyman two screen cinema.
The Cathedral, Winchester College and the Pilgrims School are little more than a stone’s throw away, as are the Wykeham Arms and Kingsgate Provisions.
There are close by, delightful walks alongside the beautiful Water Meadows and St. Catherine’s Hill.
Directions: From the city centre proceed in a southerly direction along Southgate Street, which becomes St. Cross Road. Pass St.
James's Lane on your right and after a very short distance turn left into St. Michaels Gardens. The property will be found on the right-hand side. Tenure: Leasehold.
999-year lease commenced January 1972, leaving 945 years remaining. A ground rent of £45 is payable pa and there is no service charge. Viewing: Strictly by appointment through Belgarum Estate Agents .
Services: All services are mains connected. Council Tax: Band D - rate for 2026/27 £2,336.48 pa.
EPC Rating: C Location Situated in a delightful close affording excellent access to the High Street, railway station and Everyman two screen cinema.
The Cathedral, Winchester College and the Pilgrims School are little more than a stone’s throw away, as are the Wykeham Arms and Kingsgate Provisions.
There are close by, delightful walks alongside the beautiful Water Meadows and St. Catherine’s Hill. Parking - Garage Parking - Allocated Parking
Value & comps
No previous sales on record.
Returns
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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
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FAQ
About 12 St. Michaels Gardens, Winchester
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