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East Meon, Petersfield, Hampshire, GU32 - Image 1
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East Meon, Petersfield, Hampshire, GU32

South East

£1,750,000
Listed on 13/10/2025

Property Details

Bedrooms
N/A
Type
Detached house
Area
4707 sqft

Description

This property presents an exceptional opportunity for both developers and individual buyers interested in renovation and investment potential. The site consists of two currently tenanted properties: a delightful two-bedroom semi-detached cottage that offers ample scope for enhancement or expansion (pending necessary planning approvals), and a distinctive one-bedroom Oast House already equipped with planning permission for further internal renovations. One of the key highlights is the large flint barn on the property, which comes with full planning consent to be converted into two separate cottages (Application Ref: SDNP/23/03414/FUL & SDNP/25/01662/CND). This aspect blends historical charm with modern development possibilities, making it an enticing prospect for those looking to create additional living spaces or rental units. Planning consultants have indicated that there may be opportunities to refine or improve upon the current plans, allowing prospective purchasers to customize the project according to their vision (subject to obtaining relevant consents). Such flexibility in development is rare in this picturesque area of the South Downs National Park, suggesting strong investment potential. Located just a mile from East Meon village, this site benefits from a tranquil setting surrounded by protected countryside. The area features an abundance of footpaths and bridleways perfect for outdoor enthusiasts while providing close proximity to Petersfield (5 miles away), which offers convenient train services to London, as well as easy access to major roadways like the A3 and A272 leading towards Winchester (15 miles). East Meon boasts a vibrant community environment with local amenities including two public houses, a general store, school, church, and an active village hall. The region is also known for its reputable schools such as Bedales, Churchers College, Ditcham Park School, and The Petersfield School. This unique combination of location benefits and renovation potential makes the property particularly attractive for investors or private buyers seeking a characterful project in a highly sought-after area.

Investment Analysis

(GU32 area)

Below Market Value

This property is priced -19.4% below area average per sq ft

-19.4%
Potential saving
This Property
£372/sq ft
Area Average
£461/sq ft
Avg Rent (weekly)
£369
Avg Yield
3.7%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£80,000 - £150,000
Target Value
£2,388,732
10% above area average per sq ft
Potential ROI
+25.7%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
11
Average per month
Market Turnover
16%
Properties sold annually

Local Market Trend (GU32)

Area prices are falling by +19.8% over the last 12 months
3 year growth: -14.8%
5 year growth: -2.7%
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 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£6,411
Based on a loan of £1,312,500 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