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Woodfield Drive, Winchester, Hampshire, SO22 - Image 1
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Woodfield Drive, Winchester, Hampshire, SO22

South East

£500,000
Listed on 02/12/2025

Property Details

Bedrooms
3
Type
Detached house
Area
910 sqft

Description

This detached bungalow presents a valuable opportunity for those looking to invest in property with significant potential for expansion and modernization, pending the necessary planning permissions. Located on a quiet residential street at the edge of the vibrant city center, the home is conveniently close to local amenities, including shops and a mainline railway station that connects to London Waterloo in under an hour. The current layout offers three bedrooms, two reception areas, a bathroom, a kitchen/breakfast room, and a separate W.C., making it suitable for various living arrangements while also providing room for enhancement. The spacious rear garden is private and features established shrubs and a lawn area, while the front garden includes ample driveway space and access to a single garage. This property not only enjoys proximity to Winchester's rich history and culture but also serves as an excellent base for those commuting or seeking outdoor leisure activities in nearby natural parks and coastlines.

Investment Analysis

(SO22 area)

Above Market Value

This property is priced +9.5% above area average per sq ft

+9.5%
This Property
£549/sq ft
Area Average
£502/sq ft
Avg Rent (weekly)
£519
Avg Yield
4.6%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£502,252
10% above area average per sq ft
Potential ROI
-7.0%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
25
Average per month
Market Turnover
12%
Properties sold annually

Local Market Trend (SO22)

Area prices are falling by +7.5% over the last 12 months
3 year growth: -9.0%
5 year growth: -7.2%
Investment Disclaimer: Analysis based on SO22 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

Woodfield Drive, Winchester, Hampshire, SO22
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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
£1,832
Based on a loan of £375,000 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