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Addison Square, Ringwood, Hampshire, BH24 - Image 1
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Addison Square, Ringwood, Hampshire, BH24

South East

£450,000
Listed on 10/10/2025

Property Details

Bedrooms
3
Type
Detached house
Area
797 sqft

Description

This detached three-bedroom chalet bungalow presents a promising opportunity for renovation and investment, set on a generous plot of approximately 0.09 acres. The property features a spacious layout with significant scope for modernisation and potential extensions, making it an attractive option for those looking to personalise their living space or increase its value. Inside, the accommodation includes a welcoming reception hall that leads to a well-sized lounge/dining room, featuring triple aspects for natural light and access to the garden via double-glazed patio doors. The kitchen offers practicality with built-in storage and workspace, alongside essential appliances. A bedroom and shower room on the ground floor enhance accessibility, while two additional double bedrooms await on the first floor, providing ample accommodation options. The outdoor space is equally notable, with a large easterly-facing rear garden that boasts a mix of lawn and established shrub borders. This private area is perfect for gardening enthusiasts or families looking for outdoor space to enjoy. Additionally, the property includes a substantial brick-built garage/workshop, ideal for storage or as a project space. Situated in the northeast corner of a desirable residential crescent, this bungalow is conveniently located within walking distance of local shops and schools while being close to Ringwood's vibrant town centre. The surrounding area benefits from easy access to the A31 and A338 roads, connecting you to Bournemouth, Southampton, and Salisbury. Moreover, the boundaries of New Forest National Park are just two miles away, providing opportunities for outdoor activities. This property is offered chain-free, allowing investors or homeowners to proceed swiftly with renovations or personal updates. With its combination of location, potential for expansion or modernization, and generous outdoor space, this bungalow represents an excellent investment opportunity in a sought-after area.

Investment Analysis

(BH24 area)

Above Market Value

This property is priced +35.6% above area average per sq ft

+35.6%
This Property
£565/sq ft
Area Average
£416/sq ft
Avg Rent (weekly)
£334
Avg Yield
3.0%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£30,000 - £60,000
Target Value
£365,058
10% above area average per sq ft
Potential ROI
-28.4%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
24
Average per month
Market Turnover
10%
Properties sold annually

Local Market Trend (BH24)

Area prices are rising by +6.8% over the last 12 months
3 year growth: 2.1%
5 year growth: 15.1%
Investment Disclaimer: Analysis based on BH24 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

Addison Square, Ringwood, Hampshire, BH24
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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
£1,648
Based on a loan of £337,500 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