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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 30/12/2025

Property Details

Bedrooms
3
Type
Detached house
Area
797 sqft

Description

This spacious detached chalet bungalow, featuring three bedrooms, presents considerable potential for modernization and enhancement. The property is set on a generous plot of approximately 0.09 acres, complete with a sizable garden and an equally large garage/workshop, making it an excellent opportunity for those looking to invest in renovations. Located within a short walk from the center of Ringwood, it offers convenient access to local amenities without any onward chain complications. Constructed in the 1950s with classic brick facades beneath a tiled roof, this home showcases a well-thought-out layout that includes a reception hall, lounge/dining room with multiple aspects allowing natural light, an efficiently designed kitchen, two ground floor bedrooms, and two further bedrooms on the upper level. The ample garden provides both outdoor space and possible expansion opportunities for those wishing to extend the property further. The location is attractive for families and individuals alike, being near local shops and schools. Moreover, with regional transport links connecting quickly to Bournemouth, Southampton, and Salisbury, this property could be transformed into a highly desirable residence or rental investment given the right updates.

Investment Analysis

(BH24 area)

Above Market Value

This property is priced +34.8% above area average per sq ft

+34.8%
This Property
£565/sq ft
Area Average
£419/sq ft
Avg Rent (weekly)
£339
Avg Yield
3.1%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£30,000 - £50,000
Target Value
£367,293
10% above area average per sq ft
Potential ROI
-26.5%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
25
Average per month
Market Turnover
33%
Properties sold annually

Local Market Trend (BH24)

Area prices are rising by +8.4% over the last 12 months
3 year growth: +0.6%
5 year growth: +10.8%
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 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£1,623
Based on a loan of £337,500 over 30 years at 4.06% 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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