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St. Marks Road, Pennington, Lymington, Hampshire, SO41 - Image 1
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St. Marks Road, Pennington, Lymington, Hampshire, SO41 - Image 10
St. Marks Road, Pennington, Lymington, Hampshire, SO41 - Image 11

St. Marks Road, Pennington, Lymington, Hampshire, SO41

South East

£745,000
Listed on 09/11/2025

Property Details

Bedrooms
3
Type
Detached house
Area
1830 sqft

Description

Nestled away from the bustle of main roads on a quiet no-through lane, this spacious detached bungalow presents a unique opportunity for renovation and investment. The property's thoughtful layout includes three generously sized double bedrooms, providing ample living space with potential for further enhancement. The charming Spanish-style arched windows offer character and natural light, while the expansive attic area presents possibilities for conversion into additional living space or bedrooms, subject to planning permission. A notable feature is the detached garage, which has been converted into a home office and offers substantial storage options; alternatively, it could be transformed into an annexe for guests or extended family. Inside, the property boasts an 'L' shaped sitting/dining room, a functional kitchen/breakfast room, and a utility area that includes a shower room. The principal bedroom benefits from an en-suite bathroom, alongside two additional double bedrooms and a family shower room. A spacious conservatory extends from the living area, overlooking a carefully designed patio space ideal for outdoor dining. Externally, the large gravel driveway provides off-street parking for multiple vehicles. The south-easterly facing garden is predominantly laid to lawn with established areas perfect for gardening enthusiasts or potential landscaping projects. Located conveniently close to the amenities of Pennington village—including a Tesco Metro, pharmacy, convenience store with post office, and sports centre—this property is also within walking distance of Pennington Common. The picturesque seawall and Solent Way can be accessed nearby, offering scenic walks along the coast. Lymington High Street is just a mile away and features an array of boutiques, restaurants, supermarkets, and essential services such as doctors' surgeries and pharmacies. For those who enjoy water sports, local marinas and yacht clubs are easily reachable. Families will appreciate the proximity to reputable schools including Pennington Infant and Junior Schools and Priestlands Secondary School. Transport links are excellent; Lymington train station provides access to Brockenhurst with connections to London Waterloo in under two hours. The M27 is also readily accessible via Junctions 1 or 2 for straightforward travel towards Winchester or Basingstoke. With its combination of location benefits and considerable renovation potential, this bungalow represents an appealing project for both homebuyers looking to customize their living space and investors seeking value in a desirable area.

Investment Analysis

(SO41 area)

Below Market Value

This property is priced -16.2% below area average per sq ft

-16.2%
Potential saving
This Property
£407/sq ft
Area Average
£486/sq ft
Avg Rent (weekly)
£342
Avg Yield
3.0%

Renovation Potential

Light Refurb
Est. Renovation Cost
£20,000 - £35,000
Target Value
£977,915
10% above area average per sq ft
Potential ROI
+25.4%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
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

St. Marks 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
£2,729
Based on a loan of £558,750 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