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Broad Lane, Lymington, SO41

South East

£650,000
Listed on 06/12/2025

Property Details

Bedrooms
3
Type
Detached house
Area
1488 sqft

Description

This three-bedroom bungalow, offered with no onward chain, is a spacious property that presents a prime opportunity for those looking to invest in refurbishment or renovation. Nestled south of Lymington High Street, this residence is conveniently located near local amenities, marinas, and excellent transport options including bus and train services. Upon entering through the enclosed front porch, you'll find an inviting entrance hall that leads to a generous open-plan sitting and dining room. The dual aspect windows in the sitting area ensure the space is filled with natural light. The dining section features a corner cupboard and a serving hatch connecting it to the kitchen. The kitchen is equipped with integrated appliances, including a ceramic hob and oven, along with ample space for additional appliances such as a fridge freezer and washing machine. A side window provides extra ventilation and light while offering access to the workshop/store. The accommodation includes an airing cupboard heated by the hot water cylinder, a cloakroom with WC, and a family shower room featuring modern amenities like a standalone shower unit. A study with built-in shelving accesses the conservatory which overlooks the expansive rear garden—ideal for creating an outdoor retreat. The primary bedroom benefits from views of the rear garden and includes fitted wardrobes, while a second bedroom also offers fitted wardrobes with side aspect views. With both front and rear gardens generously sized, there's significant potential for landscaping or extension to tailor this bungalow into your dream home within one of Lymington’s most coveted areas. Just a short stroll from Lymington High Street and close to sailing clubs and scenic walks along the sea wall towards the Isle of Wight, this property allows easy access to independent shops, renowned restaurants, designer boutiques, and the beautiful surroundings of New Forest National Park. It’s also conveniently located near transport links that provide straightforward journeys to London Waterloo via Brockenhurst Railway Station.

Investment Analysis

(SO41 area)

Below Market Value

This property is priced -10.1% below area average per sq ft

-10.1%
Potential saving
This Property
£437/sq ft
Area Average
£486/sq ft
Avg Rent (weekly)
£342
Avg Yield
3.0%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£795,157
10% above area average per sq ft
Potential ROI
+15.2%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
40
Average per month
Market Turnover
8%
Properties sold annually

Local Market Trend (SO41)

Area prices are falling by +10.7% over the last 12 months
3 year growth: -17.6%
5 year growth: -2.1%
Investment Disclaimer: Analysis based on SO41 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

Broad Lane, Lymington, SO41
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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
£2,381
Based on a loan of £487,500 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