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See how verdicts work2-bedroom flat · SO23 8TA
For saleListed 44 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
An elegant Grade II listed two-bedroom city apartment with its own private entrance, secure gated parking and an attractive enclosed garden Description Forming part of an elegant Grade II listed Georgian building, the apartment was created as part of a carefully considered conversion completed in 2017.
The development comprises just nine residences, including seven apartments and two duplex homes, with dedicated parking.
The building retains all the character and architectural elegance expected of the Georgian period, with generous proportions, high ceilings and large sash windows providing an abundance of natural light throughout.
Originally constructed as two substantial townhouses, it has been successfully adapted to provide a collection of distinctive homes in the heart of Winchester.
The apartment is exceptionally well presented and offers balanced accommodation arranged over two floors. A welcoming entrance hall provides access to the principal living space and family bathroom.
The impressive open-plan sitting room enjoys a dual-aspect orientation and incorporates a beautifully appointed kitchen, fitted with a range of high-quality cabinetry and integrated appliances, creating an ideal space for both everyday living and entertaining.
An attractive open staircase leads to the lower ground floor, where there are two generous double bedrooms.
Both bedrooms benefit from fitted wardrobes and storage, while the principal bedroom enjoys the advantage of an en suite shower room.
Outside, the property is accessed via a wrought iron gate flanked by pillars, leading to an attractive private garden with mature shrubs providing excellent screening and privacy.
To the rear, electrically operated gates provide access to a secure residents' parking area, where the apartment benefits from an allocated parking space.
Location Tower Street is centrally located in one of Winchester's most desirable locations, combining attractive period homes with city convenience.
The varied architecture and the fact that the property occupies a quiet side road make it a particularly appealing setting for life in Winchester's thriving city centre.
The property is situated approximately 0.3 miles from the historic, pedestrianised city centre, which offers an excellent selection of independent retailers, specialist shops, restaurants and cultural amenities, including the Theatre Royal, cinema and sports and leisure centre.
Winchester is also renowned for its picturesque surroundings, with beautiful walks through the cathedral streets leading to St Catherine's Hill and the water meadows at St Cross.
The Itchen Navigation provides scenic walking and cycling routes south of the city towards a number of charming Hampshire villages. Winchester is exceptionally well connected by both road and rail.
Regular services from Winchester railway station (approximately 0.2 miles away) reach London Waterloo in around 59 minutes, while the M3 provides convenient access to London and the South Coast via the M27.
Southampton Airport is also easily accessible and offers an increasing range of domestic and international destinations.
To the north, the A34 connects to Oxford, the Midlands and the A303, providing routes into the West Country. The city is also renowned for its outstanding educational offering.
Independent schools include Winchester College, The Pilgrims' School, St Swithun's School and Prince's Mead, attracting families from across the region and beyond.
There is also an excellent choice of state education, including The Westgate School, Kings' School and the highly regarded Peter Symonds College.
Square Footage: 893 sq ft Additional Info Share of Freehold Service charge - £2,568 per annum Ground rent na All mains services
Value & comps
No previous sales on record.
Returns
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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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About Flat 2,, Parmenter House, Winchester
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