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Elder Close, Winchester, SO22

South East

£305,000
Listed on 29/11/2025

Property Details

Bedrooms
2
Type
Terraced house
Area
729 sqft

Description

This two-bedroom bungalow, located in the desirable Badger Farm area of Winchester, presents an appealing opportunity for those looking to inject their own style into a property with a solid foundation. The layout includes a spacious reception/dining area and a thoughtfully arranged kitchen, with both bedrooms easily accessible from the central hallway. While the home is in very good condition, it allows for various updates and personal touches, making it a blank canvas for future enhancements. Externally, residents will enjoy a private rear garden suitable for leisure or social gatherings, complemented by the convenience of a separate garage and on-street parking. Its proximity to local amenities, good transport links to Winchester city centre, and accessibility to motorway routes enhances its appeal for downsizers, first-time buyers, or anyone seeking single-storey living with significant potential for improvement.

Investment Analysis

(SO22 area)

Below Market Value

This property is priced -16.6% below area average per sq ft

-16.6%
Potential saving
This Property
£418/sq ft
Area Average
£502/sq ft
Avg Rent (weekly)
£519
Avg Yield
4.6%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£20,000 - £35,000
Target Value
£402,353
10% above area average per sq ft
Potential ROI
+18.3%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
25
Average per month
Market Turnover
12%
Properties sold annually

Local Market Trend (SO22)

Area prices are falling by +7.5% over the last 12 months
3 year growth: -9.0%
5 year growth: -7.2%
Investment Disclaimer: Analysis based on SO22 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

Elder Close, Winchester, SO22
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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
£1,117
Based on a loan of £228,750 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.

Next Steps

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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE