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Primrose Way, Locks Heath, Southampton, Hampshire, SO31 - Image 1
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Primrose Way, Locks Heath, Southampton, Hampshire, SO31

South East

£375,000
Listed on 08/04/2026

Property Details

Bedrooms
3
Type
Detached
Area
881 sqft

Description

This three-bedroom detached home presents a solid investment opportunity, especially for first-time buyers or investors looking to make their mark. The spacious ground floor boasts an expansive sitting/dining room, measuring over twenty feet, creating a flexible living space perfect for modern family life. A separate fitted kitchen leads conveniently to a conservatory that offers year-round views of the garden and can serve as an additional dining area or lounge. The integral garage provides ample storage or the chance for conversion into additional living space, pending necessary approvals. Upstairs, you'll find three well-proportioned bedrooms, including a sizable principal room and versatile additional bedrooms that could easily adapt to a nursery, study, or guest accommodation. The layout is practical with a family bathroom completing this level, making it functional yet ripe for personalization. Occupying approximately 1,002 sq. ft. with potential for updates or modernization to align with contemporary tastes, this property benefits from no onward chain, facilitating a quick and easy transaction. Located in the desirable area of Locks Heath near Fareham, the home enjoys access to local amenities and excellent transport links while being surrounded by scenic countryside for outdoor enthusiasts.

Investment Analysis

(SO31 area)

Above Market Value

This property is priced +11.5% above area average per sq ft

+11.5%
This Property
£426/sq ft
Area Average
£382/sq ft
Avg Rent (weekly)
£288
Avg Yield
3.5%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£370,099
10% above area average per sq ft
Potential ROI
-10.8%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
58
Average per month
Market Turnover
14%
Properties sold annually

Local Market Trend (SO31)

Area prices are stable by -1.3% over the last 12 months
3 year growth: -0.8%
5 year growth: +3.1%
Investment Disclaimer: Analysis based on SO31 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

Primrose Way, Locks Heath, Southampton, Hampshire, SO31
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.91%

Current average variable rate is 6.62%

Monthly Repayments
£1,328
Based on a loan of £281,250 over 30 years at 3.91% 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.

Stamp Duty Calculator

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