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Lake Road, Verwood, Dorset, BH31 - Image 1
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Lake Road, Verwood, Dorset, BH31

South East

£400,000
Listed on 10/10/2025

Property Details

Bedrooms
2
Type
Detached house

Description

This detached bungalow offers a promising opportunity for renovation and investment, with two bedrooms and the potential for modernization and expansion (subject to planning permission). The property features owned solar panels, which not only help reduce energy costs but can also generate additional income. Located in a peaceful non-estate area, the bungalow is conveniently positioned opposite a doctor's surgery and close to public transport links. It’s within walking distance of Potterne Park, providing access to the scenic Moors Valley Country Park beyond. Such proximity to green spaces enhances its appeal for future tenants or buyers looking for lifestyle benefits. Inside, the layout includes a welcoming entrance porch that leads into an entrance hall with storage options. The lounge features front-facing windows, a cozy fireplace with an electric fire, and sliding patio doors that open onto the expansive rear garden. A conservatory adjoins this space, adding potential for additional living or dining areas while allowing for natural light throughout. The kitchen is equipped with essential amenities, including cabinetry, an electric hob with oven below, and plumbing provisions for modern appliances. With some updates, this area could serve as both a functional space and a gathering point. The two bedrooms are bright and offer ample space for various furniture arrangements. The wet room includes practical features such as an electric shower and modern fixtures, though it may benefit from contemporary enhancements. Outside, the property boasts approximately 95 feet of rear garden—a significant feature with great potential for landscaping or further development. The garden includes established shrubs and trees along with a paved patio area perfect for outdoor relaxation or entertaining. A garage provides additional storage or workshop options. With its combination of location advantages and the capacity for improvement, this bungalow presents a solid investment opportunity in today's market.

Investment Analysis

(BH31 area)
Area Average
£393/sq ft

Renovation Potential

Est. Renovation Cost
£40,000 - £100,000
10-25% of property value
Monthly Sales
9
Average per month
Market Turnover
51%
Properties sold annually

Local Market Trend (BH31)

Area prices are falling by +5.6% over the last 12 months
3 year growth: -2.6%
5 year growth: 12.6%
Investment Disclaimer: Analysis based on BH31 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

Lake Road, Verwood, Dorset, BH31
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