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Fordingbridge

South West

£695,000
Listed on 02/08/2025

Property Details

Bedrooms
N/A
Type
Detached house

Description

This property presents a compelling renovation and investment opportunity with approved planning permissions for the conversion or replacement of two former agricultural buildings into three contemporary homes. Located in the tranquil hamlet of East Martin, surrounded by expansive farmland, this site is ideal for those looking to undertake a self-build project tailored to their vision. The existing structures, previously utilized for storage, are positioned on a generous plot that boasts scenic rural views. The planning permissions (Application Nos. 23/11191 and 22/11012) facilitate the transformation of these buildings into three distinct three-bedroom residences, each designed to maximize the picturesque surroundings. The proposed layouts include spacious interiors that cater to modern living. Plot 1 will feature approximately 140 sq. m. of living space, complete with a master bedroom that includes an en suite and dressing room, alongside two additional bedrooms and an open-plan kitchen, dining, and living area designed to capitalize on the surrounding landscape. Similarly, Plot 2 spans around 130 sq. m., offering a thoughtful arrangement of rooms aimed at comfort and functionality. Plot 3 encompasses approximately 181 sq. m., showcasing a luxurious master suite along with ample living space and an attached double carport for added convenience. Each unit is planned to incorporate rear gardens adjoining agricultural land, providing new residents with both privacy and scenic beauty. Situated on the edge of the historic conservation village of Martin, this property benefits from proximity to Martin Down National Nature Reserve, which offers extensive trails for walking and outdoor activities. Local amenities are accessible in neighboring Damerham and Fordingbridge—approximately seven miles away—while Salisbury's rich historical offerings are just nine miles north. Families will appreciate the variety of reputable educational institutions nearby, including primary schools in Damerham as well as secondary options in Fordingbridge and Salisbury. Transport links are robust, with easy access via the A354 leading toward Salisbury and Blandford. With mains water and electricity ready to be connected along with a private Biorock water treatment system proposed for sustainability—this property is poised for significant development potential in a highly desirable rural location. Viewings are available strictly by appointment only; seize this chance to invest in creating exceptional homes amidst breathtaking countryside vistas.

Investment Analysis

(SP6 area)
Area Average
£391/sq ft
Avg Rent (weekly)
£302
Avg Yield
3.4%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£300,000 - £450,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
15
Average per month
Market Turnover
9%
Properties sold annually

Local Market Trend (SP6)

Area prices are falling by +2.7% over the last 12 months
3 year growth: -4.4%
5 year growth: 21.7%
Investment Disclaimer: Analysis based on SP6 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

Fordingbridge
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Mortgage Calculator

£
£
£
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%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£2,546
Based on a loan of £521,250 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