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Parchment Street, Winchester, SO23 - Image 1
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Parchment Street, Winchester, SO23

South East

£575,000
Listed on 02/03/2026

Property Details

Bedrooms
3
Type
Terraced house
Area
1138 sqft

Description

This three-storey period townhouse offers a fantastic opportunity for renovation in the heart of the city. With a versatile layout spanning 1138 sq. ft., this property combines classic charm with the potential for modern enhancements. Located within the catchment area for highly regarded schools such as St Bede and Westgate, it holds appeal for families and investors looking to capitalize on its central position and appealing architecture. The ground floor features a spacious kitchen/breakfast room that opens to a low-maintenance garden, perfect for entertaining or relaxing. The first floor boasts a principal bedroom with an ensuite, while two additional double bedrooms and a family bathroom occupy the second floor. Notably, the integral garage presents opportunities for expansion and improvement, subject to planning permissions. With its close proximity to amenities, public transport, and cultural attractions, this property not only retains historical significance but also offers significant investment potential in a desirable location.

Investment Analysis

(SO23 area)

Above Market Value

This property is priced +2.7% above area average per sq ft

+2.7%
This Property
£505/sq ft
Area Average
£492/sq ft
Avg Rent (weekly)
£360
Avg Yield
3.7%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£50,000 - £80,000
Target Value
£615,573
10% above area average per sq ft
Potential ROI
-6.0%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
21
Average per month
Market Turnover
17%
Properties sold annually

Local Market Trend (SO23)

Area prices are stable by +1.4% over the last 12 months
3 year growth: -2.8%
5 year growth: +13.2%
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

Parchment Street, Winchester, SO23
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£2,074
Based on a loan of £431,250 over 30 years at 4.06% 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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