Sold STC Flat

5

DEVENISH HOUSE, 49, SOUTHGATE STREET, WINCHESTER, HAMPSHIRE SO23 9EH

2 beds 2 baths 260 m² Listed 22 Jun 2022 (-1452d)

£495,000

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# 2 bedroom flat for sale (SO23 9EH)

## Property Details

| Key | Value |
|-----|-------|
| Address | 5, DEVENISH HOUSE, 49, SOUTHGATE STREET, WINCHESTER, HAMPSHIRE SO23 9EH |
| Price | £495,000 |
| Bedrooms | 2 |
| Bathrooms | 2 |
| Last sold | £467,500 May 2023 |

## Description

A FANTASTIC FIRST FLOOR APARTMENT IN CENTRAL WINCHESTER IN THIS MOST ATTRACTIVE PERIOD BUILDING

****

This spacious apartment is situated in central Winchester and a short distance from a range of exclusive restaurants, shops and amenities, as well as Winchester Cathedral and the train station. Occupying a private plot on the first floor of Devenish House, there is allocated parking, a store, a lift service and no forward chain.

A good sized hallway leads to two bedrooms, with the main featuring a stylish ensuite shower room and a small balcony offering southerly aspect views. There is a further family bathroom, and an open plan living room / kitchen with a further small balcony. This is a lovely room, with a contemporary style kitchen with integrated appliances and plenty of preparation space.

The property comes with allocated parking and no onward chain. A super opportunity so please contact Goadsby to arrange your viewing.

Share of Freehold

Service Charges Approx £1650 per annum

Leasehold 125 Years

Council Tax Band D

**Living Room / Kitchen** 5.79m (19'0) max x 4.57m (15') max

**Bedroom 1** 5.18m (17'0) max x 4.52m (14'10) max

**Ensuite** 2.29m (7'6)  x 1.65m (5'5)

**Bedroom 2** 3.91m (12'10) max x 2.92m (9'7) max

**Bathroom** 2.57m (8'5)  x 1.45m (4'9)

****

ALL MEASUREMENTS QUOTED ARE APPROX. AND FOR GUIDANCE ONLY.  THE FIXTURES, FITTINGS & APPLIANCES HAVE NOT BEEN TESTED AND THEREFORE NO GUARANTEE CAN BE GIVEN THAT THEY ARE IN WORKING ORDER.  YOU ARE ADVISED TO CONTACT THE LOCAL AUTHORITY FOR DETAILS OF COUNCIL TAX.  PHOTOGRAPHS ARE REPRODUCED FOR GENERAL INFORMATION AND IT CANNOT BE INFERRED THAT ANY ITEM SHOWN IS INCLUDED.

These particulars are believed to be correct but their accuracy cannot be guaranteed and they do not constitute an offer or form part of any contract.

Solicitors are specifically requested to verify the details of our sales particulars in the pre-contract enquiries, in particular the price, local and other searches, in the event of a sale.

**VIEWING**

Strictly through the vendors agents GOADSBY

**OPENING HOURS**

MON - FRI 8:45AM - 6:00PM, SAT 8:45AM - 5:00PM

****

DRAFT DETAILSWe are awaiting verification of these details by the seller(s).

## Property Photos

- ![Main (Main)](/listings/photos/124206419/240551) - Main (Main)
- ![Bedroom 1](/listings/photos/124206419/240552) - Bedroom 1
- ![Bedroom 1 View](/listings/photos/124206419/240553) - Bedroom 1 View
- ![Living Room ](/listings/photos/124206419/240554) - Living Room 
- ![Bedroom 2](/listings/photos/124206419/240555) - Bedroom 2
- ![Kitchen ](/listings/photos/124206419/240556) - Kitchen 
- ![Living Room ](/listings/photos/124206419/240557) - Living Room 
- ![Ensuite](/listings/photos/124206419/240558) - Ensuite
- ![Bathroom](/listings/photos/124206419/240559) - Bathroom
- ![Car Park](/listings/photos/124206419/240560) - Car Park
- ![Winchester Cathedral](/listings/photos/124206419/240561) - Winchester Cathedral

## Floorplans

- ![Floorplan](/listings/photos/124206419/240562) - Floorplan

## EPC Graphs

- ![EPC](/listings/photos/124206419/240563) - EPC

## Sales History

*Recorded sales for this property. Data from Land Registry Price Paid.*

| Address | Price | Date | Type |
|---------|-------|------|------|
| DEVENISH HOUSE, 49 5 SOUTHGATE STREET, WINCHESTER, HAMPSHIRE, SO23 9EH | £467,500 | 19/05/2023 | Flat |

## Sold Comparables

*Same street and nearby sales within 0.25 miles. Data from Land Registry Price Paid. Last 5 years.*

| Address | Price | Date | Type |
|---------|-------|------|------|
| DEVENISH HOUSE, 49 4 SOUTHGATE STREET, WINCHESTER, HAMPSHIRE, SO23 9EH | £315,000 | 19/09/2023 | Flat |
| DEVENISH HOUSE, 49 7 SOUTHGATE STREET, WINCHESTER, HAMPSHIRE, SO23 9EH | £537,500 | 03/07/2023 | Flat |
| DEVENISH HOUSE, 49 6 SOUTHGATE STREET, WINCHESTER, HAMPSHIRE, SO23 9EH | £476,000 | 19/06/2023 | Flat |
| DEVENISH HOUSE, 49 3 SOUTHGATE STREET, WINCHESTER, HAMPSHIRE, SO23 9EH | £470,000 | 25/05/2023 | Flat |
| LIONS HALL FLAT 26 ST SWITHUN STREET, WINCHESTER, HAMPSHIRE, SO23 9HW | £295,000 | 17/02/2023 | Flat |
| DEVENISH HOUSE, 49 1 SOUTHGATE STREET, WINCHESTER, HAMPSHIRE, SO23 9EH | £565,000 | 16/12/2022 | Flat |
| LIONS HALL FLAT 21 ST SWITHUN STREET, WINCHESTER, HAMPSHIRE, SO23 9HW | £365,000 | 09/12/2022 | Flat |
| 1 FLAT 2 ST CROSS ROAD, WINCHESTER, HAMPSHIRE, SO23 9JA | £350,000 | 09/12/2022 | Flat |
| DEVENISH HOUSE, 49 8 SOUTHGATE STREET, WINCHESTER, HAMPSHIRE, SO23 9EH | £525,000 | 04/11/2022 | Flat |
| DEVENISH HOUSE, 49 2 SOUTHGATE STREET, WINCHESTER, HAMPSHIRE, SO23 9EH | £462,000 | 26/10/2022 | Flat |
| DEVENISH HOUSE, 49 9 SOUTHGATE STREET, WINCHESTER, HAMPSHIRE, SO23 9EH | £437,000 | 12/08/2022 | Flat |
| HAMILTON HOUSE, 64 FLAT 1 CANON STREET, WINCHESTER, HAMPSHIRE, SO23 9JW | £695,000 | 16/11/2021 | Flat |
| ST THOMAS HOUSE, 7 FLAT 5 ST THOMAS STREET, WINCHESTER, HAMPSHIRE, SO23 9GN | £228,000 | 03/08/2021 | Flat |

**Area average:** £440,038 (13 sales)

## Price vs local average

*Outcode + property type (HousePrices, last 2 years).*

- **Local average:** £289,420 (25 Flat, SO23, 2024–2026)
- **Deviation:** +71%

## Rental Range

*ONS Price Index of Private Rents (Winchester). Low / Realistic / Optimistic = conservative / average / best case.*

- **Low:** £1,351/mo
- **Realistic:** £1,501/mo
- **Optimistic:** £1,651/mo

## LHA (Local Housing Allowance)

*VOA 30th percentile rent floor for Winchester (Apr 2025 – Mar 2026).*

- **LHA floor (this property size):** £1,047/mo

## Rental Comparables

*Residential lets from OpenRent and Rightmove for the area (same bedroom count). Use to validate rent estimates. Student lets are excluded.*

| Title | Rent | Beds | Distance | As seen on |
|------|------|------|------|------|
| 2 Bed Flat, Grange Close, SO23 | £1,500/mo | 2 | 1.06 miles | OpenRent |

**Average rent: £1,500/mo (1 listing)**

## 1% Rule

- **Rent ratio:** 0.3% (weak for cashflow)
- **Max investor price (0.8%):** £187,500
- **Target investor price (1%):** £150,000

*Monthly rent ÷ price. 1%+ = strong, 0.8–1% = okay, <0.8% = weak. Max investor price = rent ÷ 0.8% (Stoke-style target). Target investor price = rent ÷ 1% (strong cashflow band). Based on OpenRent comparables.*

## Rent-driven metrics

*Based on OpenRent comparables (median £1,500/mo).*

- **Gross yield:** 3.6%
- **Cost-to-rent:** 27.5×
- **Monthly cashflow:** £-624/mo (75% LTV, 3.95% APR (5yr fixed), 25yr term)
- **Cash-on-cash ROI:** -5.2%

*Gross yield = annual rent as % of price (no costs). Cost-to-rent = price ÷ annual rent (from OpenRent comparables); under 14× = strong, 14–16× = acceptable, 17×+ = compressed. Cashflow = rent − mortgage − 10% maintenance − £25/mo compliance; assumes 75% LTV, 3.95% APR (5yr fixed), 25yr term. ROI = annual profit ÷ cash in (deposit + 4% purchase costs).*

## Capital growth trend

*Land Registry outcode average from sold prices: last 12 months vs 5y and 10y ago.*

- **5y growth:** -14.7%
- **10y growth:** -30.8%

## House Price Index (HM Land Registry)

*Official index for Winchester; Flats and maisonettes series; as of March 2026.*

- **1y growth (index):** -2.9%
- **5y growth (index):** 0%
- **10y growth (index):** 4.1%

## Flood risk

- **Zone:** 1
- **Risk:** Low
- **Source:** Job (default Low)

[Check long-term flood risk (GOV.UK)](https://check-long-term-flood-risk.service.gov.uk/postcode)

Main (Main) Bedroom 1 Bedroom 1 View Living Room Bedroom 2 Kitchen Living Room Ensuite Bathroom Car Park Winchester Cathedral

/ 11

Property details

Tenure

SHARE_OF_FREEHOLD

Floor area

260 m²

Last sold

£467,500 May 2023

Local average

£289,420 (+71%)

Deprivation

Decile 8 (24,676 of 33,755)

Street crime

275 incidents within 1 mile (Apr 2026)

Key features

Two Bedrooms
Two Bathrooms
No Forward Chain
Allocated Parking
First Floor
Central Location
Two Balconies
Beautifully Presented
72 Square Metres (EPC)

Additional details

Parking: Yes

Description

A FANTASTIC FIRST FLOOR APARTMENT IN CENTRAL WINCHESTER IN THIS MOST ATTRACTIVE PERIOD BUILDING
**
This spacious apartment is situated in central Winchester and a short distance from a range of exclusive restaurants, shops and amenities, as well as Winchester Cathedral and the train station. Occupying a private plot on the first floor of Devenish House, there is allocated parking, a store, a lift service and no forward chain.

A good sized hallway leads to two bedrooms, with the main featuring a stylish ensuite shower room and a small balcony offering southerly aspect views. There is a further family bathroom, and an open plan living room / kitchen with a further small balcony. This is a lovely room, with a contemporary style kitchen with integrated appliances and plenty of preparation space.

The property comes with allocated parking and no onward chain. A super opportunity so please contact Goadsby to arrange your viewing.

Share of Freehold
Service Charges Approx £1650 per annum
Leasehold 125 Years
Council Tax Band D
Living Room / Kitchen 5.79m (19'0) max x 4.57m (15') max

Bedroom 1 5.18m (17'0) max x 4.52m (14'10) max

Ensuite 2.29m (7'6) x 1.65m (5'5)

Bedroom 2 3.91m (12'10) max x 2.92m (9'7) max

Bathroom 2.57m (8'5) x 1.45m (4'9)

ALL MEASUREMENTS QUOTED ARE APPROX. AND FOR GUIDANCE ONLY. THE FIXTURES, FITTINGS & APPLIANCES HAVE NOT BEEN TESTED AND THEREFORE NO GUARANTEE CAN BE GIVEN THAT THEY ARE IN WORKING ORDER. YOU ARE ADVISED TO CONTACT THE LOCAL AUTHORITY FOR DETAILS OF COUNCIL TAX. PHOTOGRAPHS ARE REPRODUCED FOR GENERAL INFORMATION AND IT CANNOT BE INFERRED THAT ANY ITEM SHOWN IS INCLUDED.
These particulars are believed to be correct but their accuracy cannot be guaranteed and they do not constitute an offer or form part of any contract.
Solicitors are specifically requested to verify the details of our sales particulars in the pre-contract enquiries, in particular the price, local and other searches, in the event of a sale.
VIEWING
Strictly through the vendors agents GOADSBY
OPENING HOURS
MON - FRI 8:45AM - 6:00PM, SAT 8:45AM - 5:00PM
**
DRAFT DETAILSWe are awaiting verification of these details by the seller(s).

Listed by

Winchester

Goadsby

Reference: 124206419

EPC Rating & Upgrade Cost

Fetching EPC data… Refresh this page in a moment.

Flood risk

Zone: 1

Risk: Low

Job (default Low)

Floorplans

Floorplan

EPC Graphs

EPC

Price history

Event	Date	Price	% change
Sold	19/05/2023 (3 years ago)	£467,500	—

Source: HM Land Registry Price Paid Data. Crown copyright.

Sold Comparables

Same street and nearby sales within 0.25 miles (last 5 years). Data from Land Registry Price Paid.

Address	Price	Date	Type
DEVENISH HOUSE, 49 4 SOUTHGATE STREET, WINCHESTER, HAMPSHIRE, SO23 9EH	£315,000	19/09/2023	Flat
DEVENISH HOUSE, 49 7 SOUTHGATE STREET, WINCHESTER, HAMPSHIRE, SO23 9EH	£537,500	03/07/2023	Flat
DEVENISH HOUSE, 49 6 SOUTHGATE STREET, WINCHESTER, HAMPSHIRE, SO23 9EH	£476,000	19/06/2023	Flat
DEVENISH HOUSE, 49 3 SOUTHGATE STREET, WINCHESTER, HAMPSHIRE, SO23 9EH	£470,000	25/05/2023	Flat
LIONS HALL FLAT 26 ST SWITHUN STREET, WINCHESTER, HAMPSHIRE, SO23 9HW	£295,000	17/02/2023	Flat
DEVENISH HOUSE, 49 1 SOUTHGATE STREET, WINCHESTER, HAMPSHIRE, SO23 9EH	£565,000	16/12/2022	Flat
LIONS HALL FLAT 21 ST SWITHUN STREET, WINCHESTER, HAMPSHIRE, SO23 9HW	£365,000	09/12/2022	Flat
1 FLAT 2 ST CROSS ROAD, WINCHESTER, HAMPSHIRE, SO23 9JA	£350,000	09/12/2022	Flat
DEVENISH HOUSE, 49 8 SOUTHGATE STREET, WINCHESTER, HAMPSHIRE, SO23 9EH	£525,000	04/11/2022	Flat
DEVENISH HOUSE, 49 2 SOUTHGATE STREET, WINCHESTER, HAMPSHIRE, SO23 9EH	£462,000	26/10/2022	Flat
DEVENISH HOUSE, 49 9 SOUTHGATE STREET, WINCHESTER, HAMPSHIRE, SO23 9EH	£437,000	12/08/2022	Flat
HAMILTON HOUSE, 64 FLAT 1 CANON STREET, WINCHESTER, HAMPSHIRE, SO23 9JW	£695,000	16/11/2021	Flat
ST THOMAS HOUSE, 7 FLAT 5 ST THOMAS STREET, WINCHESTER, HAMPSHIRE, SO23 9GN	£228,000	03/08/2021	Flat

Area average: £440,038 (13 sales)

Capital growth trend

Land Registry outcode average: last 12 months vs 5y and 10y ago (from sold prices).

5y growth -14.7%

10y growth -30.8%

House Price Index (HM Land Registry — official index, not sold-price averages): Winchester. Series: Flats and maisonettes. As of March 2026.

1y (index) -2.9%

5y (index) 0%

10y (index) 4.1%

Rental Range

Estimated market rent for Winchester. Low = conservative, Realistic = average, Optimistic = best case.

Low £1,351/mo

Realistic £1,501/mo

Optimistic £1,651/mo

Based on Local Authority from postcode lookup → Winchester.

LHA (30th percentile) floor for Winchester: £1,047/mo (Apr 2025 – Mar 2026)

Location

Map view View on Google Maps View on OpenStreetMap Street View SO23 9EH

Nearby

Nearest stations, universities and amenities (distance from property).

Type	Name	Distance
Shop	Cathedral Gift Shop	0.1 miles
Bus stop	St. Thomas Church	0.1 miles
Shop	Design House	0.1 miles
University	Winchester School of Art	0.5 miles
Train station	Winchester	0.5 miles
University	University of Winchester	0.6 miles
Hospital	Royal Hampshire County Hospital	0.6 miles
Train station	Shawford	2.7 miles

Street-level crime

Category	Count
Violence and sexual offences	90
Shoplifting	37
Drugs	34
Public order	33
Anti-social behaviour	25
Other theft	13
Vehicle crime	11
Criminal damage and arson	9
Other crime	8
Burglary	6
Bicycle theft	3
Possession of weapons	3
Robbery	2
Theft from the person	1
Total incidents	275

Within 1 mile during Apr 2026. Source: data.police.uk (England & Wales).

Schools nearby

Nearest open schools with Ofsted ratings (England). Closed schools are not shown. Data from Get Information about Schools and Ofsted.

Name	Type	Distance	Ofsted
The Pilgrims School	Other	0.2 miles	— (No rating)
Winchester College	Other	0.2 miles	— (No rating)
Swanwick Lodge	Other	0.2 miles	— (No rating)
University of Winchester	Other	0.5 miles	— (No rating)
St Bede Church of England Primary School	Primary	0.5 miles	— (Inspected (no overall grade))

Rental Comparables

Residential lets from OpenRent and Rightmove for the area (same bedroom count). Use to validate rent estimates. Student lets are excluded.

Title	Rent	Beds	Distance	As seen on
2 Bed Flat, Grange Close, SO23	£1,500/mo	2	1.06 miles	OpenRent

Average rent: £1,500/mo (1 listing)

Rent-driven metrics

Based on OpenRent comparables.

Rent ratio 0.3%

Max investor price (0.8%) £187,500

Target investor price (1%) £150,000

Gross yield 3.6%

Cost-to-rent ratio 27.5×

Monthly cashflow £-624/mo 75% LTV, 3.95% APR (5yr fixed), 25yr term

Cash-on-cash ROI -5.2%

Rent ratio — Monthly rent ÷ purchase price (1% rule). 1%+ = strong, 0.8–1% = okay, <0.8% = weak for cashflow.
Max investor price — Rent ÷ 0.8%; the price at which rent would be 0.8% of price (Stoke-style target).
Target investor price — Rent ÷ 1%; the price at which rent would be 1% of price (strong cashflow band).
Gross yield — Annual rent as % of purchase price (no costs).
Cost-to-rent — Price ÷ annual rent (from OpenRent comparables). Under 14× = strong, 14–16× = acceptable, 17×+ = compressed.
Cashflow — Rent minus mortgage, 10% maintenance, £25/mo compliance. Assumes 75% LTV, 3.95% APR (5yr fixed), 25yr term.
ROI — Annual profit ÷ cash in (deposit + 4% purchase costs).

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