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Michelmersh, Romsey

South East

£750,000

Listed on 18/05/2026

Property Details

Bedrooms
3
Type
Detached Bungalow
Area
1052 sqft

Description

This detached bungalow, built in the 1950s, presents a rare renovation opportunity as it comes to market for the first time. Nestled on a near-acre plot, it offers a private and secluded setting, perfect for those looking to craft their dream home or invest in a substantial redevelopment project (subject to planning permissions). With its location in the picturesque village of Michelmersh, surrounded by the scenic Test Valley countryside and accessible amenities in nearby towns such as Romsey, Southampton, and Winchester, this property holds significant potential for transformation. The extensive garden space allows for creative landscaping and potential extensions or new builds. The area is known for its rich community spirit while providing convenient access to urban conveniences and excellent schooling options.

Investment Analysis

(SO51 area)

Above Market Value

This property is priced +64.8% above area average per sq ft

+64.8%
This Property
£713/sq ft
Area Average
£433/sq ft
Avg Rent (weekly)
£314
Avg Yield
3.0%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£70,000 - £100,000
Target Value
£500,547
10% above area average per sq ft
Potential ROI
-41.1%
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

Michelmersh, 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
£2,676
Based on a loan of £562,500 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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