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Busketts Way, Ashurst, Southampton, SO40 - Image 1
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Busketts Way, Ashurst, Southampton, SO40 - Image 3
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Busketts Way, Ashurst, Southampton, SO40 - Image 5
Busketts Way, Ashurst, Southampton, SO40 - Image 6

Busketts Way, Ashurst, Southampton, SO40

South East

£550,000
Listed on 06/10/2025

Property Details

Bedrooms
3
Type
Plot

Description

This property presents a rare chance to secure a detached three-bedroom bungalow positioned on a substantial plot of approximately 0.25 acres, located just moments from the serene open forest near Woodlands Road in Ashurst. The site is primed for transformation, as it currently requires comprehensive modernization and offers the possibility of extension or complete redevelopment. Planning permission has been granted for a striking new build exceeding 2500 sqft, allowing the opportunity to create an architecturally designed executive home with modern aesthetics and energy-efficient features. While the existing bungalow includes essential living spaces such as a living room, dining room, kitchen, three bedrooms, and a family bathroom, its true value lies in its potential for redevelopment. The exterior boasts a large garage/workshop and ample parking options. Additionally, the layout allows for multiple access points to facilitate an easy 'in and out' drive. The approved plans outline an exciting vision for a spacious ground floor that combines open-plan living with distinct areas including a generous kitchen/dining/snug that flows into a formal sitting area featuring expansive glazing to the gardens. The first floor is designed to accommodate four sizable bedrooms, including a principal suite with dressing area and ensuite bathroom enhanced by a Juliet balcony overlooking the grounds. These plans represent an excellent investment opportunity in one of South East England's desirable locations with low flood risk and available ultrafast broadband. Note: some images are computer-generated for illustrative purposes only.

Investment Analysis

(SO40 area)
Area Average
£376/sq ft
Avg Rent (weekly)
£301
Avg Yield
4.4%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£150,000 - £250,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
51
Average per month
Market Turnover
55%
Properties sold annually

Local Market Trend (SO40)

Area prices are rising by +3.3% over the last 12 months
3 year growth: +1.8%
5 year growth: +14.8%
Investment Disclaimer: Analysis based on SO40 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

Busketts Way, Ashurst, Southampton, SO40
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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
£1,984
Based on a loan of £412,500 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.

Price History

-8.3% since listed
£550,000£25,000(-4.3%)
20/11/2025
Current price
£575,000£25,000(-4.2%)
17/10/2025
£600,000Initial listing
05/10/2025

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