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Warborne Lane, Portmore, Lymington, Hampshire, SO41 - Image 1
Warborne Lane, Portmore, Lymington, Hampshire, SO41 - Image 2
Warborne Lane, Portmore, Lymington, Hampshire, SO41 - Image 3
Warborne Lane, Portmore, Lymington, Hampshire, SO41 - Image 4
Warborne Lane, Portmore, Lymington, Hampshire, SO41 - Image 5

Warborne Lane, Portmore, Lymington, Hampshire, SO41

South East

£465,000
Listed on 12/12/2024

Property Details

Bedrooms
3
Type
Semi-detached house
Area
1022 sqft

Description

This three-bedroom semi-detached cottage, situated in the attractive rural hamlet of Portmore within the New Forest National Park, presents a compelling renovation opportunity. While it currently requires modernisation and refurbishment, its over 1,000 square feet of space offers significant potential for transformative updates tailored to your vision. Upon entering, you'll find a functional layout that includes a kitchen, a sitting room, a snug area, one bedroom on the ground floor, and a shower room. The upper level features two additional bedrooms, providing ample space for family or guests. The property boasts original character that could be beautifully enhanced with thoughtful design choices. Outside, the home is complemented by a generous west-facing rear garden—a prime canvas for landscaping enthusiasts or those looking to create an outdoor retreat. This garden features a patio area for outdoor dining options and includes raised decking and a shed for storage. Additionally, the property offers substantial gravel parking suitable for multiple vehicles along with the convenience of a garage. Located just under two miles from Lymington’s bustling high street—home to various boutiques, restaurants, and essential services—this residence balances rural charm with proximity to urban amenities. The area is well-regarded for its scenic dog walks and cycling paths through picturesque countryside. Families will appreciate nearby educational options including Walhampton School and primary and secondary schools rated 'good' by Ofsted. Access to public transport is convenient; Brockenhurst Railway Station is approximately six miles away with regular services to London Waterloo in about two hours. The M27 motorway can also be easily reached via Junctions 1 or 2 for extended travel options toward Winchester and beyond. For investors or those willing to undertake cosmetic upgrades, this property offers unique potential though it's important to note that it cannot be mortgaged due to its construction style featuring timber frame cladding on a brick plinth. With vision and effort, this cottage could become an inviting home in one of Hampshire's most desirable areas.

Investment Analysis

(SO41 area)

Below Market Value

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

-8.2%
Potential saving
This Property
£455/sq ft
Area Average
£495/sq ft
Avg Rent (weekly)
£351
Avg Yield
3.0%

Renovation Potential

Est. Renovation Cost
£46,500 - £116,250
10-25% of property value
Target Value
£556,929
10% above area average per sq ft
Potential ROI
-4.2%
After renovation
Monthly Sales
22
Average per month
Market Turnover
8%
Properties sold annually

Local Market Trend (SO41)

Area prices are falling by +14.8% over the last 12 months
3 year growth: -15.1%
5 year growth: 1.7%
Investment Disclaimer: Analysis based on SO41 area averages and may not reflect property-specific factors like condition, exact location, or unique features. 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

Warborne Lane, Portmore, Lymington, Hampshire, SO41
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