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School Road, Romsey, Hampshire

South East

£495,000
Listed on 31/12/2025

Property Details

Bedrooms
2
Type
Detached house
Area
865 sqft

Description

This detached bungalow offers a generous layout with substantial potential for enhancement and extension, pending planning permissions. Situated on a tranquil street close to local amenities, the property features two spacious double bedrooms, a shower room, and an expansive sitting/dining area that overlooks the rear garden. The kitchen/breakfast room is equipped with a selection of cupboards and comes with built-in appliances and ample space for additional ones. Notably, there exists potential to transform the layout, particularly by converting the garage or adding an en-suite bathroom to the master bedroom. The approximately 100ft rear garden provides a private outdoor retreat with established hedging and trees, ideal for landscaping or future developments. The property also includes a gated driveway accommodating several vehicles and additional storage in the form of a workshop linked to the garage. This home presents an excellent opportunity for those looking to invest in a renovation project within a desirable location while being offered without the complications of forward chain.

Investment Analysis

(SO51 area)

Above Market Value

This property is priced +33.3% above area average per sq ft

+33.3%
This Property
£572/sq ft
Area Average
£429/sq ft
Avg Rent (weekly)
£327
Avg Yield
3.3%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£30,000 - £60,000
Target Value
£408,384
10% above area average per sq ft
Potential ROI
-26.4%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
29
Average per month
Market Turnover
26%
Properties sold annually

Local Market Trend (SO51)

Area prices are stable by -0.5% over the last 12 months
3 year growth: -9.3%
5 year growth: +5.1%
Investment Disclaimer: Analysis based on SO51 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

School Road, Romsey, Hampshire
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£1,785
Based on a loan of £371,250 over 30 years at 4.06% 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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