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Alresford Road, Cheriton, Alresford, Hampshire

South East

£1,750,000
Listed on 31/12/2025

Property Details

Bedrooms
4
Type
Detached house
Area
1704 sqft

Description

Nestled alongside the tranquil River Itchen, this unique property, known as 'Water Meadow', presents a significant opportunity for renovation and investment. Spanning approximately 3.5 acres of lush gardens within the coveted village of Cheriton, the site includes a detached four-bedroom bungalow as well as an oak-framed barn dwelling, offering versatile options for family living or potential redevelopment (subject to planning permission). The bungalow features a spacious layout with a welcoming entrance hall leading to a south-facing sitting room complete with a charming stone fireplace and wood-burning stove. From here, sliding patio doors open onto the terrace, blending indoor and outdoor spaces. The dining area also connects to the garden, enhancing accessibility for outdoor entertaining. The kitchen day room is equipped with various functional units and appliances, while accommodation comprises a main bedroom overlooking the picturesque lake and two additional bedrooms alongside essential wash facilities. Meanwhile, the barn showcases striking timber architecture with an open-plan living area that could be further adapted; it currently includes modern kitchen amenities and potential for expansion into extra sleeping quarters on the upper floor. The expansive grounds offer not only scenic views but also are rich in potential for landscaping or agricultural endeavors. Given its context within South Downs National Park and proximity to village amenities, including local shops and schools, this property is ideal for those looking to create their dream home or capitalize on rental prospects in a desirable setting.

Investment Analysis

(SO24 area)

Above Market Value

This property is priced +120.8% above area average per sq ft

+120.8%
This Property
£1,027/sq ft
Area Average
£465/sq ft
Avg Rent (weekly)
£453
Avg Yield
3.4%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£60,000 - £100,000
Target Value
£871,783
10% above area average per sq ft
Potential ROI
-52.9%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
9
Average per month
Market Turnover
12%
Properties sold annually

Local Market Trend (SO24)

Area prices are stable by +0.4% over the last 12 months
3 year growth: -2.3%
5 year growth: 9.3%
Investment Disclaimer: Analysis based on SO24 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

Alresford Road, Cheriton, Alresford, Hampshire
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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
£6,411
Based on a loan of £1,312,500 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