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Bull Hill, Pilley, Lymington, SO41

South East

£825,000
Listed on 21/02/2026

Property Details

Bedrooms
3
Type
Detached house
Area
1106 sqft

Description

This spacious rural bungalow presents a promising opportunity for renovation and expansion, contingent on obtaining necessary permissions. Nestled within a generous plot featuring a south-facing garden and ample grounds, this property is positioned in the desirable village of Pilley, mere moments from expansive forest trails. The layout includes a welcoming entrance hall leading into an airy open-plan kitchen/dining/family room equipped with a variety of floor and wall cabinets. This area is enhanced by dual-aspect windows and sliding doors that effortlessly connect to the outdoor space, perfect for those looking to enhance their living experience. The elegant sitting room boasts a bay window and could easily serve as an additional fourth bedroom if needed. Three double bedrooms are provided, with two at the front of the home and one enjoying views of the rear garden, all sharing a separate family bathroom. A staircase leads to a substantial loft space featuring Velux-style windows, which holds significant potential for conversion to create additional living areas, subject to planning approval. Accessed via a cattle grid driveway, the property includes several garages and outbuildings for practical use. Both front and rear gardens are mainly grassed, adorned with established flower beds and mature trees offering privacy. Located in the Bull Hill section of Pilley, residents benefit from excellent local amenities including a well-respected village school, a convenience store, and The Fleur de Lys pub—considered one of the oldest in the New Forest. With direct access to sprawling natural landscapes while being close to Lymington’s bustling market scene and Brockenhurst’s mainline services to London Waterloo in about 1 hour 35 minutes, this property represents an attractive investment opportunity.

Investment Analysis

(SO41 area)

Above Market Value

This property is priced +52.9% above area average per sq ft

+52.9%
This Property
£746/sq ft
Area Average
£488/sq ft
Avg Rent (weekly)
£335
Avg Yield
3.0%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£60,000 - £100,000
Target Value
£593,518
10% above area average per sq ft
Potential ROI
-35.8%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
39
Average per month
Market Turnover
19%
Properties sold annually

Local Market Trend (SO41)

Area prices are falling by -4.3% over the last 12 months
3 year growth: -16.9%
5 year growth: -1.9%
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

Bull Hill, Pilley, Lymington, SO41
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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
£2,975
Based on a loan of £618,750 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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