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Hare Lane, New Milton

South East

£315,000
Listed on 08/11/2025

Property Details

Bedrooms
2
Type
Detached house
Area
868 sqft

Description

This detached two-bedroom cottage presents a significant opportunity for those looking to invest in a property ripe for renovation. Nestled on a generous corner plot in a semi-rural area, the home offers ample space both inside and out, with potential for transformation to suit modern living standards (subject to planning approvals). The layout includes an inviting entrance hall that leads into a spacious living room, featuring an open brick fireplace and charming exposed beams. Adjacent to the living room is a dining room with parquet flooring and an additional open fireplace, creating an atmospheric setting for gatherings. The kitchen, while requiring updates, is equipped with essential features such as a Butler sink and provides sufficient space for cooking appliances. On the first floor, you will find two bedrooms that offer peaceful views over the garden area. The bathroom retains traditional elements like a roll-top bath but is in need of modernization. The exterior of the property further enhances its appeal. It benefits from off-road parking and is set within well-established gardens characterized by lawns, shrubs, and even a small pond. A paved patio area provides an outdoor space ideal for relaxation or entertaining. Additionally, the timber-framed outbuilding could serve various purposes – whether as storage or as a workshop. With its location in a serene environment yet close enough to local amenities, this cottage presents not just a residence but also an investment opportunity with great potential for capital appreciation following renovations. An internal viewing is strongly recommended to fully appreciate what this property has to offer and envision its possibilities.

Investment Analysis

(BH25 area)

Below Market Value

This property is priced -13.3% below area average per sq ft

-13.3%
Potential saving
This Property
£363/sq ft
Area Average
£419/sq ft
Avg Rent (weekly)
£335
Avg Yield
3.8%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£60,000 - £100,000
Target Value
£399,870
10% above area average per sq ft
Potential ROI
-3.6%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
28
Average per month
Market Turnover
7%
Properties sold annually

Local Market Trend (BH25)

Area prices are rising by +5.3% over the last 12 months
3 year growth: -5.9%
5 year growth: 13.5%
Investment Disclaimer: Analysis based on BH25 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.

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Location

Hare Lane, New Milton
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