Thanks to Johnson I finally able to set up a subversion server on my workstation at work.
I always thought that to serve SVN, I had to tie it up with a webserver, which is the way my workplace SVN server is set up. And I tried to do just that, upgrading my local webserver to Apache 2.3.4, but I finally gave up half way through. It just seems to be too much hassle. It didn't occur to me that I can SVN server can run as a service itself, on SVN protocol (can't remember the port address).
Anyhow these are the links that I consulted to get my SVN server up and running: