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St. Mary Street, Winchester, Hampshire, SO22

South East

£350,000
Listed on 03/09/2025

Property Details

Bedrooms
3
Type
Semi-detached house
Area
926 sqft

Description

Situated on a desirable corner plot, this semi-detached home presents a remarkable opportunity for renovation and investment. The property boasts three bedrooms and a well-thought-out layout that can be enhanced to create a modern living environment tailored to your needs. Upon entering, you are greeted by a central hallway that leads to the living room on the left. This space features a central chimney breast and wood flooring, providing a foundation for potential updates. Just across the hallway is the main bathroom, which has been stylishly tiled in a contemporary wave pattern and includes essential fixtures such as a bath with an overhead shower, vanity unit, and WC. At the back of the house is the kitchen, which showcases cream shaker-style units paired with wooden worktops and teal tiled splashbacks. It is equipped with an integrated oven, gas hob, and extractor fan. Large windows along with an adjacent conservatory invite abundant natural light into this area. The conservatory flows into a flexible living or dining space that benefits from floor-to-ceiling glass and French doors opening to the garden—ideal for those looking to create an indoor-outdoor lifestyle. The first bedroom upstairs offers both space and privacy; it features a fitted wardrobe and an en-suite shower room. Bedrooms two and three are positioned at the rear of the property, with one having bespoke built-in storage while also providing room for a dedicated workspace. The third bedroom is bright and inviting, showcasing views of greenery through its large window alongside additional fitted wardrobe options. Externally, the property provides ample off-road parking thanks to its gravelled area to the side. The front garden is framed by mature hedging for added privacy, while the enclosed rear garden includes both lawned areas and a decked terrace—a canvas for outdoor improvements or extensions. The home’s charming red-brick exterior adds character to its traditional proportions, while its practical configuration offers significant renovation potential. This property not only makes for an excellent first-time purchase but also represents an appealing investment opportunity in a sought-after location. Located in Stanmore, St. Mary Street benefits from proximity to local shops and amenities while being within walking distance of public transport links including the railway station. The historic High Street is just around the corner, where you can find independent boutiques, cafés, restaurants, as well as cultural sites like The Arc and Winchester Cathedral. Families will appreciate being within catchment areas of respected schools such as The Westgate School and Kings’ School. This home invites creativity in renovations while holding great promise for value appreciation in this

Investment Analysis

(SO22 area)

Below Market Value

This property is priced -24.7% below area average per sq ft

-24.7%
Potential saving
This Property
£378/sq ft
Area Average
£502/sq ft
Avg Rent (weekly)
£519
Avg Yield
4.6%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £45,000
Target Value
£511,083
10% above area average per sq ft
Potential ROI
+29.4%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
25
Average per month
Market Turnover
12%
Properties sold annually

Local Market Trend (SO22)

Area prices are falling by +7.5% over the last 12 months
3 year growth: -9.0%
5 year growth: -7.2%
Investment Disclaimer: Analysis based on SO22 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

St. Mary Street, Winchester, Hampshire, SO22
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£1,282
Based on a loan of £262,500 over 30 years at 4.19% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE