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Braeside Close, Winchester, Hampshire

South East

£565,000
Listed on 01/07/2025

Property Details

Bedrooms
3
Type
Detached house
Area
1162 sqft

Description

This three-bedroom detached bungalow presents an intriguing opportunity for those looking to invest or renovate. Situated in the desirable Olivers Battery area of Winchester, the property offers a blank canvas for potential buyers interested in customizing their living space. The layout includes a kitchen that connects to a separate dining area, providing a functional foundation for reimagining the interior. Additionally, there is a welcoming porch and four well-proportioned bedrooms, along with a family bathroom. The property also features a detached garage and driveway parking, maximizing convenience and utility. One of the key highlights is the ample outdoor space, which includes side access to the rear garden—ideal for future enhancements or landscaping projects. With gas central heating and double glazing already in place, the essential elements of comfort are accounted for while allowing room for personal touches and improvements. Given the property's location within Olivers Battery, known for its community atmosphere and accessibility to local amenities, there is significant potential for both renovation work and investment appreciation. The absence of an onward chain further facilitates a smoother transition for prospective buyers looking to make this property their own.

Investment Analysis

(SO22 area)

Below Market Value

This property is priced -2.3% below area average per sq ft

-2.3%
Potential saving
This Property
£486/sq ft
Area Average
£498/sq ft
Avg Rent (weekly)
£429
Avg Yield
3.7%

Renovation Potential

Est. Renovation Cost
£56,500 - £141,250
10-25% of property value
Target Value
£636,160
10% above area average per sq ft
Potential ROI
-9.9%
After renovation
Monthly Sales
15
Average per month
Market Turnover
14%
Properties sold annually

Local Market Trend (SO22)

Area prices are falling by +11.7% over the last 12 months
3 year growth: -14.4%
5 year growth: -7.5%
Investment Disclaimer: Analysis based on SO22 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

Braeside Close, Winchester, Hampshire
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