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Sheet, Petersfield, Hampshire, GU31

South East

£3,500,000
Listed on 29/12/2025

Property Details

Bedrooms
7
Type
Detached house
Area
8573 sqft

Description

This impressive Edwardian country house, situated on a substantial plot of over 29 acres at the end of a long private drive, presents an exceptional opportunity for renovation and investment. Located just north of Petersfield, West Downs House is not listed, allowing for flexible improvements without the constraints of preservation regulations. The property boasts considerable space with over 8,500 sq ft of living area, which has been adapted and extended over time to include formal reception rooms and practical family areas. While some modernization is needed, the existing layout offers immense potential for contemporary living. Holland Green architects have already outlined several renovation ideas along with estimated budgets and timelines for prospective buyers. Key features include an elegant drawing room, sophisticated dining room, a well-appointed study, and a modern kitchen/breakfast room complemented by utility spaces and a games room. The grounds include landscaped gardens with a swimming pool and tennis court as well as paddocks and a stable block, further enhancing its appeal as a family residence or potential equestrian venture. The surrounding area provides excellent amenities with easy access to Petersfield's shops, restaurants, and recreational activities including golf and sailing. With top-notch schools nearby and great transport links to London, this property stands out as a prime candidate for those looking to invest in an extensive refurbishment project in a picturesque setting.

Investment Analysis

(GU31 area)

Below Market Value

This property is priced -15.2% below area average per sq ft

-15.2%
Potential saving
This Property
£408/sq ft
Area Average
£481/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£300,000 - £500,000
Target Value
£4,539,275
10% above area average per sq ft
Potential ROI
+13.5%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
12
Average per month
Market Turnover
32%
Properties sold annually

Local Market Trend (GU31)

Area prices are falling by +6.7% over the last 12 months
3 year growth: -12.8%
5 year growth: 2.9%
Investment Disclaimer: Analysis based on GU31 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

Sheet, Petersfield, Hampshire, GU31
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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
£12,821
Based on a loan of £2,625,000 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