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Mill Lane, Hampshire, Southampton, SO16 - Image 1
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Mill Lane, Hampshire, Southampton, SO16

South East

£625,000
Listed on 27/02/2026

Property Details

Bedrooms
3
Type
Semi-detached house
Area
1354 sqft

Description

This charming semi-detached cottage, thought to date back to the 17th century, offers a unique opportunity for those looking to invest in a property with significant potential for renovation and transformation. Nestled in a serene rural setting adjacent to the Lower Test Nature Reserve, this home is ideally situated on a no-through road, ensuring peace and privacy. While the current owners have enhanced the characterful dwelling with modern amenities, there remains the possibility to further develop the existing outbuildings and expansive gardens, which sprawl over one third of an acre. The layout comprises a bright double-aspect sitting room with a wood-burning stove that serves as a warm gathering spot, alongside a well-appointed kitchen leading to a newly added garden/dining room complete with vaulted ceilings and additional stove. Upstairs features three bedrooms including a principal suite with en-suite shower facilities. Outdoor space is equally inviting, showcasing well-maintained lawns and mature trees, plus separate structures ripe for conversion into guest accommodation or workspace, subject to necessary approvals. This residence presents an excellent chance to refine and reimagine your country sanctuary while being conveniently close to local amenities and major transport links.

Investment Analysis

(SO16 area)

Above Market Value

This property is priced +42.7% above area average per sq ft

+42.7%
This Property
£462/sq ft
Area Average
£324/sq ft
Avg Rent (weekly)
£317
Avg Yield
5.4%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£60,000 - £100,000
Target Value
£481,895
10% above area average per sq ft
Potential ROI
-33.5%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
41
Average per month
Market Turnover
32%
Properties sold annually

Local Market Trend (SO16)

Area prices are stable by -1.3% over the last 12 months
3 year growth: -3.3%
5 year growth: +10.9%
Investment Disclaimer: Analysis based on SO16 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

Mill Lane, Hampshire, Southampton, SO16
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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
£2,254
Based on a loan of £468,750 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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