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Magdalen Hill, Winchester

South East

£395,000
Listed on 09/12/2025

Property Details

Bedrooms
2
Type
Semi-detached house
Area
867 sqft

Description

This charming character cottage offers a unique opportunity for renovation enthusiasts and investors alike. Nestled directly opposite St Giles Hill, the property enjoys both the vibrancy of city life and the tranquility of surrounding green space. With notable features such as original sash windows and period fireplaces, this home retains its historical charm while presenting a blank canvas for modern design. The layout is thoughtfully spread over three storeys, featuring two reception rooms each with their own distinctive fireplace. The compact kitchen, although showing signs of age, provides ample space for creative upgrades and includes a door leading to an easily maintainable garden with an outhouse for storage. Additionally, the upstairs bedrooms boast remarkable rooftop views of the city, making this a perfect choice for first-time buyers keen to personalize their new home. Given its prime location and investment potential—highlighted by an estimated rental yield of 4.2% at £1,600 per month—this property definitely warrants attention from those looking to make their mark in the housing market.

Investment Analysis

(SO23 area)

Below Market Value

This property is priced -8.2% below area average per sq ft

-8.2%
Potential saving
This Property
£456/sq ft
Area Average
£496/sq ft
Avg Rent (weekly)
£367
Avg Yield
3.6%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£473,083
10% above area average per sq ft
Potential ROI
+8.8%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
17
Average per month
Market Turnover
10%
Properties sold annually

Local Market Trend (SO23)

Area prices are rising by +6.7% over the last 12 months
3 year growth: 5.0%
5 year growth: 15.8%
Investment Disclaimer: Analysis based on SO23 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

Magdalen Hill, Winchester
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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
£1,447
Based on a loan of £296,250 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