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Old Station Road, Winchester, Hampshire, SO21 - Image 1
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Old Station Road, Winchester, Hampshire, SO21

South East

£1,250,000
Listed on 06/10/2025

Property Details

Bedrooms
4
Type
Detached house
Area
2875 sqft

Description

Situated in the picturesque village of Itchen Abbas, this four-bedroom detached family home sits on a generous 0.4-acre plot, offering both a peaceful retreat and significant potential for renovation and investment. The property is framed by mature trees and established shrubs, creating a private setting that enhances its appeal. Upon arrival, a traditional five-bar wooden gate leads you to a spacious gravel driveway, providing ample parking space. Inside, the entrance hall flows into well-defined living spaces. To one side, a dual-aspect living room welcomes natural light, while the opposite side features a formal dining room and an adjoining study that connects to the kitchen. The kitchen area also includes a versatile conservatory and a utility room, ensuring flexibility for daily living or entertaining guests. Upstairs, the principal bedroom offers convenience with its walk-in wardrobe and en-suite shower room. Three additional double bedrooms provide ample accommodation for family or guests; two of these rooms are equipped with built-in wardrobes. A contemporary family bathroom completes the upper floor. The exterior of the home includes a detached double garage with an integrated workshop and access to extensive loft space above. A newly constructed office pod adds further value to the property as a workspace or creative studio. The gardens surrounding the house are predominantly laid to lawn, providing an excellent canvas for outdoor activities or future landscaping projects. While some areas of the house would benefit from modernisation, this presents an outstanding opportunity for buyers looking to personalize their space and potentially increase its value through updates. Additionally, planning permission was granted in December 2024 for a substantial single-storey extension and loft conversion (Planning Reference: SDNP/24/03431/HOUS), allowing for even more expansive living space. Located within the tranquil Itchen Valley, this village offers easy access to local amenities such as a pub, village hall, and parish church. The nearby market town of Alresford boasts various boutique shops and dining options. Winchester’s extensive cultural offerings—including schools, shops, and restaurants—are just a short drive away. Commuters will appreciate excellent transport connections via the M3 and A34 as well as direct rail services from Winchester to London Waterloo in under an hour. This location is known for its natural beauty and recreational opportunities such as chalk stream fly fishing on the River Itchen. With highly regarded state and independent schools nearby—including Prince’s Mead and St Swithun’s—this property not only promises immediate comfort but also long-term investment potential in one of Hampshire's attractive villages.

Investment Analysis

(SO21 area)

Below Market Value

This property is priced -4.8% below area average per sq ft

-4.8%
Potential saving
This Property
£435/sq ft
Area Average
£457/sq ft
Avg Rent (weekly)
£500
Avg Yield
4.1%

Renovation Potential

Est. Renovation Cost
£125,000 - £312,500
10-25% of property value
Target Value
£1,444,946
10% above area average per sq ft
Potential ROI
-7.5%
After renovation
Monthly Sales
6
Average per month
Market Turnover
6%
Properties sold annually

Local Market Trend (SO21)

Area prices are rising by +4.2% over the last 12 months
3 year growth: 8.2%
5 year growth: 26.7%
Investment Disclaimer: Analysis based on SO21 area averages and may not reflect property-specific factors like condition, exact location, or unique features. 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

Old Station Road, Winchester, Hampshire, SO21
Map showing location of Old Station Road, Winchester, Hampshire, SO21
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