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Red Hill, Medstead, Alton, Hampshire

South East

£775,000
Listed on 13/04/2026

Property Details

Bedrooms
4
Type
Detached
Area
1747 sqft

Description

This spacious detached chalet bungalow, set on a generous double-width lot, offers significant renovation and investment possibilities. With nearly 1,800 sq ft of internal space and a double garage, it stands as an appealing prospect for buyers eager to enhance and reconfigure the layout to better suit modern living demands. While the property requires cosmetic updates and some finishing touches, its current flexible arrangement allows for numerous adaptations that could accommodate contemporary family needs. The size of the plot invites options such as adding an annexe, establishing a home office or ancillary structure, or even the construction of an additional dwelling—subject to securing necessary planning permissions. Nestled in a desirable area on the edge of Medstead village and conveniently close to Four Marks, this property benefits from easy access to local amenities, reputable schools, and everyday conveniences. The surrounding landscape is particularly attractive, with Chawton Park Woods nearby and picturesque open countryside right at your doorstep—perfect for those who appreciate both village charm and semi-rural living. This property represents a unique opportunity for those looking to invest in a home with true potential for modernization and expansion tailored to personal preferences in an excellent locale.

Investment Analysis

(GU34 area)

Above Market Value

This property is priced +7.7% above area average per sq ft

+7.7%
This Property
£444/sq ft
Area Average
£412/sq ft
Avg Rent (weekly)
£332
Avg Yield
3.2%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£50,000 - £90,000
Target Value
£791,452
10% above area average per sq ft
Potential ROI
-8.5%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
39
Average per month
Market Turnover
14%
Properties sold annually

Local Market Trend (GU34)

Area prices are rising by +3.8% over the last 12 months
3 year growth: +3.6%
5 year growth: +7.0%
Investment Disclaimer: Analysis based on GU34 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

Red Hill, Medstead, Alton, Hampshire
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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
£2,745
Based on a loan of £581,250 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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