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Parsonage Barn Lane, Ringwood - Image 1
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Parsonage Barn Lane, Ringwood

South East

£425,000
Listed on 10/10/2025

Property Details

Bedrooms
2
Type
Detached house
Area
997 sqft

Description

This two-bedroom detached bungalow is situated on a generous plot in a highly desirable area of Ringwood, making it an attractive prospect for those looking to invest in property with renovation potential. The location provides convenient access to the town center and local schools, as well as excellent commuter links via the A31 and A338. Nestled within one of Ringwood's most favorable residential neighborhoods, this bungalow presents a unique opportunity for buyers interested in customizing their living space. The property is within walking distance of the historic market town, which is known for its vibrant community atmosphere, weekly markets, and a diverse selection of independent shops and cafés. The bungalow features a spacious garden along with off-road parking and a single garage. Set back from the road, it boasts a generous front garden that enhances its curb appeal. Inside, you will find two comfortable double bedrooms, a light-filled living room at the front of the property, a sizable kitchen, and a bathroom. Additionally, there is a conservatory at the rear that connects seamlessly to the garden while providing ample natural light and views of the mature outdoor space. While the property requires modernization throughout, this presents an ideal blank canvas for prospective homeowners or investors looking to remodel or reconfigure the existing layout. There is substantial potential for extension either at the rear or into the roof space (subject to obtaining necessary planning permissions), which could significantly increase both living space and property value. With its advantageous location combined with renovation possibilities, this bungalow offers an exciting opportunity to create a personalized home in a sought-after area that promises long-term appeal.

Investment Analysis

(BH24 area)

Above Market Value

This property is priced +2.4% above area average per sq ft

+2.4%
This Property
£426/sq ft
Area Average
£416/sq ft
Avg Rent (weekly)
£334
Avg Yield
3.0%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£456,666
10% above area average per sq ft
Potential ROI
-1.8%
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

Parsonage Barn Lane, Ringwood
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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
£1,557
Based on a loan of £318,750 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