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West Wellow

South East

£2,700,000
Listed on 12/02/2025

Property Details

Bedrooms
5
Type
Detached house

Description

Nestled along the picturesque banks of the River Blackwater, this extensive farm encompasses over 33,000 sq.ft of diverse structures ripe for redevelopment. Comprising a three-bedroom bungalow paired with a two-bedroom annex, both currently carrying agricultural ties, the property offers potential for various investment avenues. The site features several agricultural buildings that are versatile in their use and lend themselves well to future planning opportunities (subject to obtaining necessary permissions). Previously utilized as a working dairy farm, Riverside Farm is located on the outskirts of West Wellow near the New Forest National Park. The bungalows have been well-kept as family residences, presenting an opportunity to refurbish while maintaining their charm. The expansive southwest-facing garden can be revitalized into an outdoor haven. The site hosts a collection of four buildings that serve both agricultural and commercial needs. Building 1 functions as a fresh food packaging facility, complete with essentials like office space and loading docks ideal for logistical operations. Building 2 is primarily used for storage but holds potential for alternative uses with some modification. The remaining buildings provide flexibility for workshops or additional storage solutions. With proximity to local amenities in Romsey and easy access to major road networks, this property is ideally positioned for those looking to capitalize on rural living combined with business opportunities. This investment could be transformed into a productive retreat or modern workspace with some thoughtful renovations.

Investment Analysis

(SO51 area)
Area Average
£424/sq ft
Avg Rent (weekly)
£326
Avg Yield
3.4%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£200,000 - £350,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
28
Average per month
Market Turnover
13%
Properties sold annually

Local Market Trend (SO51)

Area prices are stable by +0.3% over the last 12 months
3 year growth: -8.9%
5 year growth: 5.3%
Investment Disclaimer: Analysis based on SO51 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

West Wellow
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£9,891
Based on a loan of £2,025,000 over 30 years at 4.19% 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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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE