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Parchment Street, Winchester SO23

South East

£780,000

Listed on 27/05/2026

Property Details

Bedrooms
4
Type
Terraced
Area
1167 sqft

Description

This Victorian residence holds significant potential for renovation and investment, situated in one of Winchester's most desirable neighborhoods. With charming historical features juxtaposed against a backdrop of modern living, the property offers ample opportunity for further enhancement. While it has been refurbished with contemporary finishes, there remains room to personalize or extend the space further, particularly with the impressive gardens that could accommodate a garden studio or additional outdoor amenities, subject to planning approval. The layout includes four spacious double bedrooms and three luxurious en-suite bathrooms, providing a solid foundation for family life or flexible accommodation for guests and home working. Moreover, the positioning allows for easy access to local schools and amenities, making it an attractive prospect for families looking to invest in this vibrant community. Given its generous garden space and roof terrace boasting city skyline views, this property stands out as an ideal candidate for future improvements that could significantly enhance its value within the thriving market of central Winchester.

Investment Analysis

(SO23 area)

Above Market Value

This property is priced +34.2% above area average per sq ft

+34.2%
This Property
£668/sq ft
Area Average
£498/sq ft
Avg Rent (weekly)
£340
Avg Yield
3.5%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£60,000 - £90,000
Target Value
£639,283
10% above area average per sq ft
Potential ROI
-26.5%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
24
Average per month
Market Turnover
10%
Properties sold annually

Local Market Trend (SO23)

Area prices are falling by -2.7% over the last 12 months
3 year growth: -7.0%
5 year growth: +5.3%
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 3.97%

Current average variable rate is 6.59%

Monthly Repayments
£2,783
Based on a loan of £585,000 over 30 years at 3.97% 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.

Stamp Duty Calculator

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