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Tisbury Road, Fovant

South West

£550,000
Listed on 06/10/2025

Property Details

Bedrooms
3
Type
Detached house
Area
984 sqft

Description

This charming detached bungalow is situated on an expansive plot that offers significant potential for renovation and investment. While the property requires updating, it presents a unique opportunity to customize and enhance the existing layout or even consider a more extensive redevelopment, such as building multiple dwellings (subject to the necessary planning approvals). The bungalow features two well-proportioned bedrooms, with the option to reconfigure space to suit modern living. The sitting room includes a fireplace equipped with a Parkray fire, which provides central heating and hot water. Adjacent to this area, the kitchen offers ample cabinetry and work surfaces, with room for essential appliances. There is also practical space in the cloakroom and rear porch for laundry setups. Outside, the generous garden extends around the property and features lovely views over the nearby river, creating a serene backdrop for outdoor activities or potential landscaping improvements. The double garage provides substantial storage and workshop possibilities, along with a studio that could serve various functions. Located in a village that boasts essential amenities such as a local store and doctor's surgery, this property combines rural charm with convenience. The gravel driveway ensures easy access and ample parking for residents and guests alike. With mains water, electricity, and drainage already connected, this property is primed for transformation into a modern residence or investment opportunity. The current council tax band is 'D', representing reasonable outgoings which could appeal to future buyers or tenants. This bungalow invites visionaries looking to capitalize on its full potential while enjoying a tranquil setting in beautiful surroundings.

Investment Analysis

(SP3 area)

Above Market Value

This property is priced +55.5% above area average per sq ft

+55.5%
This Property
£559/sq ft
Area Average
£359/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£50,000 - £80,000
Target Value
£389,069
10% above area average per sq ft
Potential ROI
-38.2%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
8
Average per month
Market Turnover
13%
Properties sold annually

Local Market Trend (SP3)

Area prices are falling by +8.6% over the last 12 months
3 year growth: -8.0%
5 year growth: 15.5%
Investment Disclaimer: Analysis based on SP3 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

Tisbury Road, Fovant
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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
£2,015
Based on a loan of £412,500 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