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East Meon, Petersfield, Hampshire, GU32 - Image 1
East Meon, Petersfield, Hampshire, GU32 - Image 2
East Meon, Petersfield, Hampshire, GU32 - Image 3
East Meon, Petersfield, Hampshire, GU32 - Image 4
East Meon, Petersfield, Hampshire, GU32 - Image 5
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East Meon, Petersfield, Hampshire, GU32 - Image 9
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East Meon, Petersfield, Hampshire, GU32

South East

£1,500,000
Listed on 24/02/2026

Property Details

Bedrooms
10
Type
Detached house
Area
4707 sqft

Description

This property presents a unique investment opportunity for buyers and developers in the picturesque village of East Meon. Currently comprising two distinct cottages—an attractive two-bedroom semi-detached house and a charming one-bedroom Oast House featuring a distinctive pyramid roof—this offering also includes a substantial flint barn with plans already approved for conversion into two separate cottages. The potential to enhance and extend the existing structures provides an exciting range of options for development. The Oast House has received planning consent for internal renovations which could add additional bedroom space, making it an ideal candidate for further enhancement or as a rental property. The larger barn, with its mill race, presents a significant opportunity for either personal or investment use, capitalizing on the market demand in this desirable National Park area. Currently tenanted, these properties can be transitioned into owner-occupied units if preferred. With some modifications, there could be further opportunities to refine the existing plans and increase project value even more. The location boasts accessibility to local amenities and is surrounded by beautiful countryside perfect for outdoor activities. East Meon is well-equipped with community facilities including pubs, shops, schools, and active local events, while being conveniently located just five miles from Petersfield's mainline train services to London and major road links via the A3 and A272. This is an exceptional chance to invest in a property steeped in character in one of Hampshire's most sought-after villages.

Investment Analysis

(GU32 area)

Below Market Value

This property is priced -30.9% below area average per sq ft

-30.9%
Potential saving
This Property
£319/sq ft
Area Average
£461/sq ft
Avg Rent (weekly)
£294
Avg Yield
2.9%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£150,000 - £250,000
Target Value
£2,386,402
10% above area average per sq ft
Potential ROI
+36.4%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
10
Average per month
Market Turnover
28%
Properties sold annually

Local Market Trend (GU32)

Area prices are falling by -19.7% over the last 12 months
3 year growth: -15.7%
5 year growth: -10.5%
Investment Disclaimer: Analysis based on GU32 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

East Meon, Petersfield, Hampshire, GU32
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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
£5,410
Based on a loan of £1,125,000 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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