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Grateley, Andover, Hampshire, SP11

South West

£600,000
Listed on 15/04/2026

Property Details

Bedrooms
3
Type
Bungalow
Area
1760 sqft

Description

Nestled in a serene rural setting, this charming three-bedroom bungalow offers an excellent opportunity for renovation and investment. Originally part of a historic collection of farm buildings linked to a nearby manor house, the property combines heritage with potential for modern living. The construction showcases an inviting mix of brick, block, and timber under a slate roof, situated on an expansive plot with stunning countryside views. While the interior boasts character and generous living spaces filled with natural light, it currently requires modernization. This presents an exciting chance for prospective buyers to refresh and adapt the layout to their personal preferences. The well-planned accommodation includes a spacious dual aspect family room designed for relaxation or entertaining, along with a kitchen featuring ample workspace. Three sizable bedrooms include a principal suite with en-suite facilities, complemented by two further rooms suitable for various uses like guest accommodation or hobbies. A dedicated study/home office adds convenience alongside a family bathroom and additional cloakroom. The property also comes with planning permission to demolish the existing structure and replace it with a substantial new home and garage, enhancing its investment appeal significantly. Located in Grateley, this area is known for its friendly community atmosphere and offers essential amenities such as local shops and schools. The village's accessibility is bolstered by direct train services to London Waterloo as well as proximity to the A303. With its blend of space, heritage, and potential for customization or redevelopment, this bungalow is ideal for those seeking both tranquillity and connectivity in the South West.

Investment Analysis

(SP11 area)

Below Market Value

This property is priced -2.3% below area average per sq ft

-2.3%
Potential saving
This Property
£341/sq ft
Area Average
£349/sq ft
Avg Rent (weekly)
£339
Avg Yield
4.4%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£40,000 - £60,000
Target Value
£675,470
10% above area average per sq ft
Potential ROI
+2.3%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
38
Average per month
Market Turnover
17%
Properties sold annually

Local Market Trend (SP11)

Area prices are stable by +0.5% over the last 12 months
3 year growth: +2.1%
5 year growth: +13.5%
Investment Disclaimer: Analysis based on SP11 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

Grateley, Andover, Hampshire, SP11
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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
£2,125
Based on a loan of £450,000 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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