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See how verdicts work3-bedroom flat · SO23 0AG
No longer listedReduced £50k (−8.3%) on 26 JunListed 251 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
The Property: Situated atop St. Giles Hill, this spacious apartment is one of just twenty-three properties within this niche luxury development built in 2011.
This particular property benefits from well-proportioned accommodation, the focal-point being a large 23' bay-fronted drawing room.
The modern kitchen is well appointed and has ample space for a dining table. There are two generous bedrooms, both located to the rear of the property overlooking the landscaped courtyard.
The principal bedroom is fitted with a range of wardrobes and storage and has a modern ensuite shower room. The second double bedroom is served by a beautiful bathroom.
Unlike many other apartments, this property has a lower ground floor which is home to an additional room which adds rare versatility.
There is a generous space with a central partition; one half of the room is currently used as a guest bedroom whilst the other as a study.
This room lends itself perfectly to being a hobby room, music room or simply additional storage space.
Outside, the property has delightful communal gardens made up of manicured courtyards, lawns, and grounds with mature trees.
There is an allotment area for residents, secure underground parking, and a secure storage locker.
The Location: The property lies along a private tree-lined avenue to the east of the city centre which has, for many years, been a most sought-after position. There is a scenic route over St.
Giles's Hill to the city centre and mainline station via a wooded pathway, which takes you to the base of St. Giles's Hill where there are quality restaurants including The Chesil Rectory.
Similarly, within minutes you can be on the South Downs Way, St. Catherine's Hill or The Water Meadows. Directions: From the traffic lights at the end of Jewry Street turn right into North Walls.
Keep in the left-hand lane and proceed to the roundabout at King Alfred's Statue. Turn left into Bridge Street and turn right at the next mini roundabout into Chesil Street.
Continue along this road and turn left at the brow of the hill into East Hill. At the fork in road keep left and drive-up Quarry Road.
Turn left into Northbrook Avenue and Milesdown can be found on the right-hand side. Tenure: Leasehold. A 999-year lease commenced March 2008 leaving 981 years remaining.
A service charge of approximately £5,100 is payable pa, along with a ground rent charge of £350 pa. Viewing: Strictly by appointment through Belgarum Estate Agents .
Services: All mains services are connected. Council Tax: Band F - rate for 2025/26 £3,250.51 pa.
EPC Rating: C Location The property lies along a private tree-lined avenue to the east of the city centre which has, for many years, been a most sought-after position. There is a scenic route over St.
Giles's Hill to the city centre and mainline station via a wooded pathway, which takes you to the base of St. Giles's Hill where there are quality restaurants including The Chesil Rectory.
Similarly, within minutes you can be on the South Downs Way, St. Catherine's Hill or The Water Meadows. Parking - Allocated Parking
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.
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FAQ
About 12 Milesdown Place, Winchester
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