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Carey Down, New Farm Road, Alresford

South East

£975,000
Listed on 06/10/2025

Property Details

Bedrooms
4
Type
Detached house
Area
2219 sqft

Description

This property is set on a generous half-acre plot at the edge of town, offering a prime opportunity for renovation and investment. With its south-westerly garden and picturesque views of the surrounding countryside, this home presents significant potential for expansion or modernization, subject to obtaining the necessary planning permissions. The entrance greets you with a covered porch that leads into an inviting hall featuring a built-in cupboard for coats. To the left, you’ll find an L-shaped open-plan sitting and dining room equipped with a fireplace and sliding doors that open directly to the garden. Adjacent to this space is a conservatory with French doors leading outside, creating seamless access from indoors to the outdoor environment. The kitchen, fitted with an AGA cooker and a range of cabinets along with a walk-in larder, provides ample storage and cooking space. An adjoining utility room enhances functionality, while additional living options are available in the family room/study. A double bedroom and cloak/shower room on the ground floor add versatility to the layout, making it suitable for multi-generational living or rental possibilities. Upstairs reveals three more double bedrooms alongside a bathroom complete with an airing cupboard housing the hot water cylinder. This arrangement offers further scope to customize spaces according to personal preferences or market demands. The property features extensive parking options with a gravel driveway accommodating multiple vehicles, along with a covered carport and separate workshop or storeroom. The long garage adds even more convenience for storage or vehicle housing. The secluded rear garden is predominantly laid to lawn, bordered by mature trees and shrub beds. Enjoying plenty of sunlight throughout the day due to its south-westerly aspect, this expansive garden also boasts sweeping views towards Winchester. Nestled in Alresford—a charming Georgian town known for its vibrant selection of independent shops, restaurants, and pubs—this location benefits from proximity to local amenities and attractions including schools at all levels of education and community activities. The historic Watercress steam railway adds cultural appeal as well. For commuters, both Winchester (approximately 7 miles away) and Alton offer mainline rail services to London, along with easy road access connecting you to Southampton airport within about half an hour's drive. This property not only serves as an excellent family home but also presents numerous avenues for renovation or development in one of Hampshire's sought-after areas.

Investment Analysis

(SO24 area)

Below Market Value

This property is priced -6.8% below area average per sq ft

-6.8%
Potential saving
This Property
£439/sq ft
Area Average
£472/sq ft
Avg Rent (weekly)
£541
Avg Yield
3.7%

Renovation Potential

Est. Renovation Cost
£97,500 - £243,750
10-25% of property value
Target Value
£1,151,250
10% above area average per sq ft
Potential ROI
-5.5%
After renovation
Monthly Sales
4
Average per month
Market Turnover
5%
Properties sold annually

Local Market Trend (SO24)

Area prices are rising by +13.1% over the last 12 months
3 year growth: 13.6%
5 year growth: 31.6%
Investment Disclaimer: Analysis based on SO24 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

Carey Down, New Farm Road, Alresford
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