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Foriers, Penny Street, Sturminster Newton

South West

£580,000
Listed on 09/03/2025

Property Details

Bedrooms
4
Type
Detached house
Area
2300 sqft

Description

This thoughtfully designed bungalow offers a unique opportunity for renovation and investment, situated in a tranquil area that overlooks picturesque water meadows near the River Stour. With potential for modern updates, the property features a main residence along with an annex that includes two garages, a kitchen, shower room, and a loft-style bedroom, providing approximately 2,300 square feet of versatile living space. Located at the end of Penny Street—a quiet cul-de-sac—the property enjoys serene views over the adjacent meadows while remaining conveniently close to Sturminster Newton's amenities. The principal living areas boast garden views and are easily accessed through a conservatory leading to an outdoor space ripe for enhancement. The layout presents various possibilities for reconfiguration to better suit personal or multi-generational living arrangements. The grounds include a gently sloping rear garden bordered by meadow fields, featuring a divided section with separate access points. A level terrace overlooks the main lawn, complemented by steps leading to a spacious garden room or enclosed loggia that connects back to the reception area. Sturminster Newton itself is a charming market town with a range of local shops, cafes, eateries, and essential services including healthcare facilities and schools. Its vibrant arts center hosts diverse events in music and theater, further enriching community life. The surrounding countryside offers excellent walking opportunities for outdoor enthusiasts. Utilities such as mains water, electricity, gas, and drainage are connected to the property. There is also potential for enhancing internet connectivity with standard and superfast broadband options available. This bungalow not only presents an interesting renovation project but also stands as an attractive investment opportunity in a desirable location within this conservation area.

Investment Analysis

(DT10 area)

Below Market Value

This property is priced -24.2% below area average per sq ft

-24.2%
Potential saving
This Property
£252/sq ft
Area Average
£333/sq ft
Avg Rent (weekly)
£292
Avg Yield
3.4%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£45,000 - £70,000
Target Value
£841,352
10% above area average per sq ft
Potential ROI
+29.4%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
11
Average per month
Market Turnover
6%
Properties sold annually

Local Market Trend (DT10)

Area prices are falling by +5.2% over the last 12 months
3 year growth: -15.8%
5 year growth: 8.7%
Investment Disclaimer: Analysis based on DT10 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

Foriers, Penny Street, Sturminster Newton
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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
£2,125
Based on a loan of £435,000 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