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Bull Hill, Pilley, Lymington, Hampshire, SO41

South East

£1,050,000
Listed on 06/10/2025

Property Details

Bedrooms
3
Type
Detached house
Area
1492 sqft

Description

This charming three-bedroom cottage, nestled on the outskirts of Pilley, offers significant renovation and investment potential. The property is set within approximately 3 acres of paddocks and includes an impressive array of outbuildings, making it ideal for those looking to enhance its functionality or explore new ventures. As you enter, the spacious sitting/dining room greets you with two feature fireplaces, creating a cozy atmosphere for relaxation. The downstairs layout also includes a functional kitchen, a handy boot room, and a shower room. Upstairs, you'll find two double bedrooms, a single bedroom, and a family bathroom, providing ample accommodation that could be reimagined or expanded upon with appropriate permissions. The outdoor space features a delightful cottage garden complemented by a patio area that leads directly to the paddocks. With three gated paddocks available, there’s ample opportunity for equestrian activities or agricultural use. A noteworthy aspect of this property is its six outbuildings totaling approximately 3,109 sq. ft., which include a workshop, various storage facilities like a feedstore and hay barn, and stables within the paddock. This extensive space presents numerous possibilities for transformation into workshops, studios, or additional living spaces (subject to planning consent). Located close to the enchanting New Forest and just under 2 miles from Lymington, known for its shops and dining options as well as marina access for water sports enthusiasts, this cottage combines rural charm with convenient local amenities. Pilley itself offers essential services such as a village shop and hall along with easy access to scenic walking and cycling trails. Educational facilities are well-catered for with William Gilpin Primary School within the village and Priestlands Secondary School nearby. Commuters will appreciate the proximity to Brockenhurst Railway Station (about 6 miles away), providing direct services to London Waterloo in around two hours. Given its location and surrounding amenities along with existing structures ripe for renovation or repurposing, this property represents an appealing opportunity for buyers looking to invest in both lifestyle and long-term potential in this sought-after area.

Investment Analysis

(SO41 area)

Above Market Value

This property is priced +44.9% above area average per sq ft

+44.9%
This Property
£704/sq ft
Area Average
£486/sq ft
Avg Rent (weekly)
£342
Avg Yield
3.0%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£60,000 - £100,000
Target Value
£797,295
10% above area average per sq ft
Potential ROI
-30.7%
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

Bull Hill, Pilley, 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
£3,846
Based on a loan of £787,500 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