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The Spain, Petersfield, Hampshire

South East

£375,000

Listed on 10/07/2026

Property details

Bedrooms
2
Type
Terraced
Area
732 sqft

Description

This older-style end of terrace property offers a remarkable opportunity for renovation enthusiasts and investors alike, situated in one of Petersfield's most historic areas. Located conveniently within walking distance of Market Square, St Peter's Church, and the mainline station, this home requires modernisation throughout, making it an ideal project to tailor to your specifications. First-time buyers and downsizers will find great potential here to transform this character property into a charming residence. Notably, the house features a spacious rear garden with vehicular access and a garage—attributes that are increasingly rare in town centre properties. Additionally, it is available with no onward chain, simplifying the buying process. The layout includes a welcoming living room that leads into a separate dining area, perfect for hosting gatherings. The dining room is complemented by a staircase to the first floor and provides access to a conservatory that opens up to the garden. The kitchen comes equipped with base and eye-level units but would benefit from updating or complete refurbishment to meet contemporary standards. Upstairs, two generously sized bedrooms await; the principal room boasts built-in storage and lovely views over The Spain towards Sheep Street, while the second bedroom offers impressive vistas towards Butser Hill. A family bathroom, fitted with a three-piece suite, completes this level. The outdoor space consists mainly of lawned areas—a blank canvas awaiting landscaping or further enhancement. The garage adds valuable off-road parking or storage options rarely found in such central locations.

Investment analysis

(GU32 area)

Above Market Value

This property is priced +11.5% above area average per sq ft

+11.5%
This Property
£512/sq ft
Area Average
£460/sq ft
Avg Rent (weekly)
£305
Avg Yield
2.7%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£30,000 - £50,000
Target Value
£370,070
10% above area average per sq ft
Potential ROI
-12.9%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
10
Average per month
Market Turnover
8%
Properties sold annually

Local Market Trend (GU32)

Area prices are rising by +6.1% over the last 12 months
3 year growth: -0.1%
5 year growth: +0.9%
Investment Disclaimer: Analysis based on GU32 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

The Spain, Petersfield, Hampshire
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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
£1,417
Based on a loan of £281,250 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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