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Princes Hill, Redlynch, Salisbury, SP5

South West

£875,000
Listed on 08/11/2025

Property Details

Bedrooms
3
Type
Detached house
Area
2413 sqft

Description

Set within a spacious plot exceeding half an acre, this Grade II listed detached cottage presents an excellent opportunity for those looking to invest in a property with significant renovation and expansion potential. Located in the desirable village of Redlynch, the home is being offered with no onward chain and comes with approved planning permission for a two-storey extension at the rear, allowing for further development to enhance its living space. The property enjoys a convenient location that encapsulates rural charm while being close to essential amenities. Residents can easily access local shops, dining options, and a traditional pub within the village itself. The nearby town of Downton offers additional facilities, while Redlynch boasts a vibrant community atmosphere complete with a respected village school. Excellent transport links to Southampton, Salisbury, and Bournemouth are readily available via the M27 and A338. Furthermore, the proximity to the New Forest National Park provides opportunities for outdoor activities such as walking and cycling. Internally, this period cottage features approximately 2,413 square feet of adaptable living space that balances historical character with modern comforts. The layout begins with an inviting hallway leading into multiple bright reception areas: a triple-aspect drawing room, an elegant double-aspect dining room, and another spacious sitting room—each equipped with charming Inglenook fireplaces and direct access to the grounds. These rooms foster seamless indoor-outdoor living. Central to the home is a well-proportioned kitchen/breakfast room that facilitates family gatherings and opens out to the rear garden. The ground floor also includes a study, utility room, and cloakroom for added convenience. The first floor hosts three ample bedrooms; one benefits from an en suite shower room while a cleverly designed family bathroom serves both the principal bedroom and an additional bedroom. This configuration allows for versatile use of space depending on your needs. The exterior features well-maintained landscaped gardens that back onto open farmland, providing tranquil views from various seating areas surrounded by planted beds. Accessed via a gravel driveway suitable for multiple vehicles, this serene outdoor space enhances the property's appeal as both a family home or rental investment. In summary, this listing not only offers charm and historic value but also significant potential for enhancement through approved plans that would allow you to create your ideal countryside retreat in this sought-after area of Wiltshire.

Investment Analysis

(SP5 area)

Below Market Value

This property is priced -7.9% below area average per sq ft

-7.9%
Potential saving
This Property
£363/sq ft
Area Average
£394/sq ft
Avg Rent (weekly)
£345
Avg Yield
3.1%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£80,000 - £120,000
Target Value
£1,044,865
10% above area average per sq ft
Potential ROI
+5.0%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
14
Average per month
Market Turnover
9%
Properties sold annually

Local Market Trend (SP5)

Area prices are stable by +1.5% over the last 12 months
3 year growth: -3.4%
5 year growth: 14.6%
Investment Disclaimer: Analysis based on SP5 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

Princes Hill, Redlynch, Salisbury, SP5
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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
£3,205
Based on a loan of £656,250 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