Worst House on the Street Logo
Waterworks Road, Otterbourne, SO21 - Image 1
Waterworks Road, Otterbourne, SO21 - Image 2
Waterworks Road, Otterbourne, SO21 - Image 3
Waterworks Road, Otterbourne, SO21 - Image 4
Waterworks Road, Otterbourne, SO21 - Image 5
Waterworks Road, Otterbourne, SO21 - Image 6
Waterworks Road, Otterbourne, SO21 - Image 7
Waterworks Road, Otterbourne, SO21 - Image 8
Waterworks Road, Otterbourne, SO21 - Image 9
Waterworks Road, Otterbourne, SO21 - Image 10
Waterworks Road, Otterbourne, SO21 - Image 11

Waterworks Road, Otterbourne, SO21

South East

£475,000
Listed on 17/10/2025

Property Details

Bedrooms
3
Type
Semi-detached house
Area
921 sqft

Description

Situated in the charming village of Otterbourne, this three-bedroom end-of-terrace cottage presents a solid opportunity for renovation and investment. The property is strategically located with excellent access to the motorway and well-regarded schools, making it appealing for families and professionals alike. Additionally, frequent transport links into Winchester provide direct rail access to London in just over an hour, enhancing its desirability as a tranquil yet accessible residential option. Entering the home, you’ll find a spacious lounge characterized by a traditional fireplace and exposed beams that highlight the cottage's unique charm. The kitchen offers practical features like a generous larder and pleasant garden views, while the modern family bathroom on the ground floor adds functionality to daily living. The upper level includes three well-sized bedrooms; two are fitted with built-in wardrobes, maximizing storage space without compromising on aesthetics. A partially boarded loft area accessible from one of the bedrooms provides further potential for enhancement or additional storage. The south-facing garden is a noteworthy feature that has been landscaped effectively, presenting promising possibilities for expansion or development (subject to planning permissions). With its well-maintained lawn and paved entertaining space complete with an outdoor bar area, it caters perfectly for social gatherings during warmer months. Additional storage can be found in the brick outbuilding and shed. A driveway at the rear adds convenience for parking, while nearby amenities such as sports clubs and both private and state schools contribute to the overall appeal of this property. Regular bus routes provide easy access to Winchester and Southampton, ensuring that residents enjoy both community living and urban accessibility. This cottage combines traditional elements with modern needs, offering significant potential for customization or investment within a vibrant village setting.

Investment Analysis

(SO21 area)

Above Market Value

This property is priced +14.2% above area average per sq ft

+14.2%
This Property
£516/sq ft
Area Average
£452/sq ft
Avg Rent (weekly)
£418
Avg Yield
3.6%

Renovation Potential

Light Refurb
Est. Renovation Cost
£20,000 - £35,000
Target Value
£457,516
10% above area average per sq ft
Potential ROI
-10.3%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
10
Average per month
Market Turnover
8%
Properties sold annually

Local Market Trend (SO21)

Area prices are rising by +3.6% over the last 12 months
3 year growth: 4.0%
5 year growth: 20.9%
Investment Disclaimer: Analysis based on SO21 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

Waterworks Road, Otterbourne, SO21
Loading map...

Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£1,740
Based on a loan of £356,250 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.

Next Steps

Explore services to help you with this property purchase.

Need a survey for this property?

Book a professional assessment to identify potential issues and property condition

RICS qualified surveyors

Need a mortgage for this property?

Explore personalised financing options tailored to this property

No obligation, free consultation

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE