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Newbridge Way, Pennington, Hampshire, SO41

South East

£490,000
Listed on 07/05/2026

Property Details

Bedrooms
2
Type
Bungalow
Area
943 sqft

Description

This two-bedroom detached bungalow in Pennington offers a valuable renovation opportunity in a desirable residential neighborhood. The property features a driveway and a detached garage, alongside well-proportioned living spaces that are ready for a modern update. All accommodation is conveniently arranged on one level, including a generous living room at the front, a kitchen at the rear, and two spacious double bedrooms. Additional conveniences include a bathroom, separate WC, and ample storage from hallway cupboards. With its solid layout and practical external features, this property is perfect for those looking to invest in creating a home tailored to their preferences. Notably, it is offered with no forward chain, streamlining the purchasing process for prospective buyers.

Investment Analysis

(SO41 area)

Above Market Value

This property is priced +7.6% above area average per sq ft

+7.6%
This Property
£520/sq ft
Area Average
£483/sq ft
Avg Rent (weekly)
£341
Avg Yield
3.1%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £30,000
Target Value
£500,912
10% above area average per sq ft
Potential ROI
-3.7%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
40
Average per month
Market Turnover
6%
Properties sold annually

Local Market Trend (SO41)

Area prices are stable by -0.7% over the last 12 months
3 year growth: -13.8%
5 year growth: -0.6%
Investment Disclaimer: Analysis based on SO41 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

Newbridge Way, Pennington, Hampshire, SO41
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.97%

Current average variable rate is 6.59%

Monthly Repayments
£1,748
Based on a loan of £367,500 over 30 years at 3.97% 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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