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Lawn Road, Pennington, Lymington, Hampshire, SO41 - Image 1
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Lawn Road, Pennington, Lymington, Hampshire, SO41

South East

£425,000
Listed on 06/10/2025

Property Details

Bedrooms
2
Type
Detached house
Area
791 sqft

Description

This charming detached bungalow presents an excellent opportunity for renovation and customization, situated on a spacious corner plot. With driveway parking and an attached garage, this property is positioned on a tranquil road adjacent to local greenery, offering a serene setting while being conveniently close to the amenities of Pennington village. Notably, it is just one mile west of Lymington Town, making it a prime location for both residential living and potential investment. Inside, the layout comprises two well-sized bedrooms along with multiple living areas that can be reimagined to suit modern living preferences. The entrance hall welcomes you with access to loft space and a cupboard housing the gas boiler. The sitting room features a bay window that allows natural light to fill the room, complemented by a tiled open fireplace that adds character. The kitchen offers essential fittings but holds significant potential for updates or expansion. A door leads directly outside, enhancing the connection between indoor and outdoor spaces. Adjacent to the kitchen is a dining room that also includes its own fireplace and ample storage space in the form of a larder cupboard. Both bedrooms are generously proportioned; the master bedroom benefits from front-facing views through another bay window. The bathroom includes fundamental fixtures but is ripe for modernization. Outside, the property's good-sized garden wraps around the home, featuring lawns at both the front and side. The concrete driveway provides additional parking options while leading towards the garage—an area that could easily be converted into extra living space if desired. The backyard also contains a greenhouse and timber garden shed, adding practical utility for gardening enthusiasts or hobbyists. With its solid bones and prime location close to local schools and shops, this bungalow affords substantial potential for those looking to invest in property enhancement or create their ideal living environment.

Investment Analysis

(SO41 area)

Above Market Value

This property is priced +10.6% above area average per sq ft

+10.6%
This Property
£537/sq ft
Area Average
£486/sq ft
Avg Rent (weekly)
£342
Avg Yield
3.0%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £50,000
Target Value
£422,695
10% above area average per sq ft
Potential ROI
-11.0%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
40
Average per month
Market Turnover
8%
Properties sold annually

Local Market Trend (SO41)

Area prices are falling by +10.7% over the last 12 months
3 year growth: -17.6%
5 year growth: -2.1%
Investment Disclaimer: Analysis based on SO41 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

Lawn Road, Pennington, Lymington, Hampshire, SO41
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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
£1,557
Based on a loan of £318,750 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