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West Meon, Petersfield, Hampshire, GU32 - Image 1
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West Meon, Petersfield, Hampshire, GU32

South East

£425,000
Listed on 17/03/2026

Property Details

Bedrooms
2
Type
Semi Detached
Area
974 sqft

Description

This appealing two-bedroom semi-detached cottage presents a distinctive opportunity for those looking to invest in a property with substantial renovation possibilities. Currently featuring two reception rooms and a kitchen that requires modern touches, this home comes with approved planning permission (Ref: SDNP/23/05261/HOUS) for a two-storey extension, paving the way for a transformation into a spacious four-bedroom family residence. Nestled within mature gardens on three sides, the property offers both privacy and picturesque views over an adjoining paddock—potentially available for separate purchase. Located in a highly sought-after semi-rural area within an Outstanding Natural Beauty designation, this cottage is available for the first time, making it an exceptional project for prospective buyers eager to create their ideal home amidst stunning natural surroundings. Further information about local amenities, including excellent schools and vibrant community events such as festivals and markets in nearby Petersfield, underline this location's appeal, along with convenient access to transport links for commuting.

Investment Analysis

(GU32 area)

Below Market Value

This property is priced -5.4% below area average per sq ft

-5.4%
Potential saving
This Property
£436/sq ft
Area Average
£461/sq ft
Avg Rent (weekly)
£313
Avg Yield
3.1%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£50,000 - £80,000
Target Value
£494,183
10% above area average per sq ft
Potential ROI
-2.1%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
8
Average per month
Market Turnover
15%
Properties sold annually

Local Market Trend (GU32)

Area prices are falling by -16.3% over the last 12 months
3 year growth: -14.4%
5 year growth: -9.5%
Investment Disclaimer: Analysis based on GU32 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

West Meon, Petersfield, Hampshire, GU32
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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
£1,533
Based on a loan of £318,750 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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