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Romsey Road, East Wellow, Romsey

South East

£500,000

Listed on 18/05/2026

Property Details

Bedrooms
3
Type
Detached Bungalow
Area
1449 sqft

Description

Nestled on a generous plot of approximately 0.42 acres in the quaint village of East Wellow, this three-bedroom detached bungalow presents an exciting opportunity for those looking to invest in a property with significant renovation potential. With its proximity to the New Forest National Park and convenient access to the shopping districts of Romsey, Salisbury, and Southampton, this home is ideally located for families seeking both rural charm and local amenities. Having been in the same family since 1966, it has retained its original features but now requires modernisation to unlock its full potential. There is ample scope to create a bright family space, including the possibility of converting the loft into additional bedrooms and a bathroom (subject to planning). The spacious lounge/diner is filled with natural light through surrounding windows and offers a welcoming atmosphere. The kitchen is functional with central island space and utility room, complemented by three well-proportioned double bedrooms. Additionally, you will find a family bathroom equipped with both bath and shower facilities alongside a separate cloakroom. The property includes off-street parking for multiple vehicles via a gated driveway and boasts extensive gardens that offer plenty of outdoor space for landscaping or further development. With excellent schools nearby and various recreational opportunities available within East Wellow, this property truly stands out as a hidden gem on the verge of transformation.

Investment Analysis

(SO51 area)

Below Market Value

This property is priced -20.2% below area average per sq ft

-20.2%
Potential saving
This Property
£345/sq ft
Area Average
£433/sq ft
Avg Rent (weekly)
£314
Avg Yield
3.0%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£60,000 - £100,000
Target Value
£689,441
10% above area average per sq ft
Potential ROI
+14.9%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
36
Average per month
Market Turnover
14%
Properties sold annually

Local Market Trend (SO51)

Area prices are falling by -5.1% over the last 12 months
3 year growth: -9.4%
5 year growth: -0.4%
Investment Disclaimer: Analysis based on SO51 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

Romsey Road, East Wellow, Romsey
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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
£1,784
Based on a loan of £375,000 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.

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