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New Road, West Parley, Ferndown, BH22 - Image 1
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New Road, West Parley, Ferndown, BH22

South East

£650,000
Listed on 21/07/2025

Property Details

Bedrooms
3
Type
Detached house
Area
805 sqft

Description

This three-bedroom detached bungalow presents a unique opportunity for renovation and development on an expansive 0.55-acre plot, complete with approved planning permission for an additional 1,800 square foot family home. Nestled in a tranquil setting, the property offers significant potential for expansion while maintaining a sense of privacy, as it backs directly onto farmland. Located in West Parley, this property benefits from its accessibility to local amenities, with shops and services just 600 meters away. The nearby bus route and proximity to Bournemouth Airport enhance its appeal for both residents and potential renters or buyers. For those with equestrian interests, the area is particularly convenient; a nearby lane leads to stables and riding facilities. The existing bungalow features a spacious entrance hall that opens into a dual-aspect lounge and dining room, which is brightened by both side and front bay windows. Each of the three bedrooms offers ample space for comfortable living. The kitchen includes essential appliances and is designed with practicality in mind, providing direct access to the rear garden. Outside, the generous driveway accommodates multiple vehicles while leading to a considerable rear garden measuring approximately 200 feet by 118 feet. This outdoor space is primarily laid to lawn and features a timber storage shed at the far end. The planning permission allows for not only the new dwelling but also includes provisions for an additional driveway to facilitate access to this proposed structure. While the current permissions allow for the planned development of one dwelling, there may be potential for further planning increases subject to local regulations. Interested parties should note that any future profit from additional land development may involve overage agreements with the sellers. All essential facilities are conveniently located within approximately 400 meters of the property, while Ferndown's town center—with its diverse shopping and recreational options—is about two miles away. This is an ideal prospect for buyers looking to invest in a property with considerable expansion possibilities in a well-connected location.

Investment Analysis

(BH22 area)

Above Market Value

This property is priced +105.4% above area average per sq ft

+105.4%
This Property
£807/sq ft
Area Average
£393/sq ft
Avg Rent (weekly)
£358
Avg Yield
3.9%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£50,000 - £80,000
Target Value
£348,179
10% above area average per sq ft
Potential ROI
-52.3%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
48
Average per month
Market Turnover
19%
Properties sold annually

Local Market Trend (BH22)

Area prices are rising by +3.0% over the last 12 months
3 year growth: -3.5%
5 year growth: 13.8%
Investment Disclaimer: Analysis based on BH22 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

New Road, West Parley, Ferndown, BH22
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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
£2,381
Based on a loan of £487,500 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