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West Wellow

South East

£2,700,000
Listed on 14/02/2025

Property Details

Bedrooms
5
Type
Detached house

Description

This unique property presents a compelling opportunity for renovation and investment, ideally suited for those looking to enhance its existing features or explore new possibilities. Spanning over 33,000 square feet, the estate consists of a main three-bedroom bungalow alongside a two-bedroom annex, both of which are subject to agricultural ties. These can be maintained as they are or reimagined into a single expansive family residence. The main bungalow is laid out across one floor and showcases a well-kept interior, featuring essential spaces like a kitchen, dining room, utility room, sitting room, and bathroom. A generous southwest-facing garden enhances outdoor living options and includes a productive vegetable patch. The attached annex complements this living arrangement with its own kitchen, sitting area, bedrooms, and bathroom—offering an ideal setup for guests or extended family. The property also boasts several versatile agricultural buildings currently utilized for commercial purposes. Building One is notably positioned beside the River Blackwater and is presently operated as a fresh food packaging facility. It includes an office space and extensive storage capabilities with a loading bay—these attributes present further potential for operational expansion or alternative uses (subject to planning permissions). Building Two serves as additional storage space but has significant scope for improvement or transformation to suit various business needs. Furthermore, Buildings Three and Four provide added flexibility as workshop or storage areas; one unit is already configured as an office space suitable for businesses requiring combined facilities. Riverside Farm benefits from its location just north of West Wellow village, conveniently situated near Romsey for broader amenities while being close to the New Forest National Park—a desirable backdrop that enhances the property’s appeal. Additionally, good transport links via the nearby A36 connect to major road networks. With mains water and electricity accessible on-site, alongside potential water connections throughout the buildings, this property provides a solid foundation for future development. Superfast broadband availability adds another layer of convenience for both residential and commercial aspirations. Overall, Riverside Farm stands out not just as a homestead but as an investment canvas where innovative ideas can flourish in an idyllic setting.

Investment Analysis

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

Renovation Potential

Medium Refurb
Est. Renovation Cost
£75,000 - £150,000
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