3-bedroom flat · SO23 9EH
Listing removedListed 142 days
Opportunity summary
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About
The Property: Having been converted in 2021, Devenish House offers uniquely stylish and modern city living whilst retaining a sense of character and generous proportions.
Set on the ground floor, this apartment benefits from a private main entrance as well as communal entrances for extra convenience.
Set over two floors, this apartment offers a great amount of square footage and versatility whilst remaining a low maintenance option, ideal for young professionals and downsizers alike.
The ground floor offers two spacious hallways, a generous study to the front, (which could be a third bedroom if needed), shower room, kitchen, utility and beautiful open plan sitting/dining room.
Bi-fold doors open from the reception space to the private courtyard measuring approximately 4m x 5m, which is perfect for outside entertaining, and feels very much like an extension of the sitting/dining room, having been beautifully styled by the current owners.
The lower ground floor offers two large double bedrooms, each served by an ensuite. The second bedroom also offers two generous walk-in wardrobes.
In addition, the property comes with an allocated, under cover parking space, as well as a private storage cupboard.
The Location: Southgate Street is among one of the most centrally located positions within Winchester 'old city' and forms one of a network of streets that wrap around the city centre and Cathedral.
Southgate Street itself offers beautiful bars and restaurants, perfect for anyone wanting the benefits of the city ‘on the doorstep’.
All in close proximity are also two theatres, Everyman cinema, a wide range of shops on the high street and the beautiful Water Meadows and walks to the South Downs National Park.
The mainline railway station is also under a five-minute walk away with journey times to London Waterloo in under an hour and direct trains to Southampton, Basingstoke and beyond.
Directions: Leave Winchester in a southerly direction along Southgate Street, continue for around 0.2 miles and the property will be found on the left hand side.
Viewing: Strictly by appointment through Belgarum Estate Agents . Tenure: Share of freehold. A 125-year lease commenced January 2021 leaving 120 years remaining.
A service charge of approximately £3,245 is payable pa and ground rent is a peppercorn. Services: All mains services are connected. Council Tax: Band E - rate for 2026/27 £2,855.70 pa.
EPC Rating: E Location Southgate Street is among one of the most centrally located positions within Winchester 'old city' and forms one of a network of streets that wrap around the city centre and Cathedral.
Southgate Street itself offers beautiful bars and restaurants, perfect for anyone wanting the benefits of the city ‘on the doorstep’.
All in close proximity are also two theatres, Everyman cinema, a wide range of shops on the high street and the beautiful Water Meadows and walks to the South Downs National Park.
The mainline railway station is also under a five-minute walk away with journey times to London Waterloo in under an hour and direct trains to Southampton, Basingstoke and beyond.
Parking - Allocated Parking
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 1 Devenish House, Winchester
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