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Micheldever, Winchester, Hampshire, SO21

South East

£695,000

Listed on 02/07/2026

Property details

Bedrooms
3
Type
Bungalow
Area
1407 sqft

Description

This 2-3 bedroom property is set within expansive grounds of approximately 2.01 acres, presenting an excellent investment opportunity for those looking to develop, subject to obtaining the necessary planning permissions. The current layout features a spacious kitchen/dining/family room at the rear, offering delightful views over the landscaped grounds. The kitchen is equipped with a variety of floor and wall-mounted units alongside integrated appliances, making it functional yet ripe for modernization. At the front, there is a versatile sitting room that can serve as a third bedroom, complemented by two additional bedrooms and a family bathroom. An external staircase leads to first-floor guest accommodation complete with en suite facilities. The exterior boasts electric gates opening onto a drive with ample parking space for multiple vehicles. The beautifully level grounds include vast open lawns and designated paddock areas bordered by well-established hedgerows, ideal for outdoor activities or further development potential. Breathtaking views of the surrounding countryside enhance the appeal of this property. Located on the outskirts of Micheldever, this home benefits from proximity to local amenities including primary schools and public transport connections for easy access to Winchester and Basingstoke's railway services to London Waterloo. With its generous land size and prime positioning in the Dever Valley, this property offers significant redevelopment potential in a charming community.

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Investment analysis

(SO21 area)

Above Market Value

This property is priced +9.9% above area average per sq ft

+9.9%
This Property
£494/sq ft
Area Average
£449/sq ft
Avg Rent (weekly)
£443
Avg Yield
3.7%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£60,000 - £100,000
Target Value
£695,614
10% above area average per sq ft
Potential ROI
-12.5%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
13
Average per month
Market Turnover
8%
Properties sold annually

Local Market Trend (SO21)

Area prices are falling by -15.5% over the last 12 months
3 year growth: -13.0%
5 year growth: +0.9%
Investment Disclaimer: Analysis based on SO21 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

Micheldever, Winchester, Hampshire, SO21
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Mortgage calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£2,626
Based on a loan of £521,250 over 30 years at 4.45% 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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