Goring Field, Winchester, SO22
South East
£475,000
Listed on 29/09/2026
Listed on 29/09/2026
The listing
Property details
Bedrooms
2Type
BungalowArea
817 sqftFeatures
- Garage
- Garden
- Parking
Description
In Teg Down, this two-bedroom bungalow has a generous sitting room, a kitchen/dining room and a wet room, alongside two spacious bedrooms. The accommodation offers scope for modernisation and updating to suit a buyer’s requirements.
The property is in a residential setting close to local amenities, Waitrose and cafés, with Winchester city centre and the railway station described as a short commute away. Outside, there is a large private rear garden with a patio and lawn, plus a garage and driveway parking. The property is freehold, with mains electricity, water and drainage, and gas heating.
WHOTS analysis
Our WHOTS verdict
An internal assessment of the opportunity to acquire, improve and create value.
38out of 100
Grade ELow opportunity
Confidence: MEDIUM
This Teg Down bungalow offers a usable canvas rather than a major building project: the spacious sitting room and kitchen/dining area, garage and driveway, and large established garden give it plenty to work with. The older kitchen and wet-room finishes, carpets and decoration could be updated to suit a buyer’s taste, while clearing the overgrown greenhouse corner would help make more of the garden. The submitted exterior views show no obvious major defect, though they cannot confirm hidden condition.
The main drawback is the price. At £475,000, the asking price is about £581 per sq ft, above the local average of £499. Adding the £11,000–£18,000 renovation range puts the purchase-plus-refurb total at roughly £486,000–£493,000, which is stretched against the local benchmark for this floor area; that comparison is not a forecast of the value after works. The attractive setting and generous spaces give the project appeal, but the numbers make this a weak overall opportunity at the current asking price.
Key opportunities
- Refresh the spacious kitchen/dining area and wet room to give the bungalow a more current feel.
- Update the older carpets and decorative finishes in the sitting room and bedrooms.
- Tidy the greenhouse corner and overgrown planting to make better use of the large lawn-and-patio garden.
Key risks
- At the asking price, adding the stated refurbishment budget leaves the purchase-and-works cost well above the local floor-area benchmark.
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Finance
Mortgage calculator
Illustrative repayments based on the asking price, not a mortgage offer.
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£
£
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years
Current average 2-year fixed rate is 4.45%
Current average variable rate is 6.60%
Monthly Repayments
£1,794
Based on a loan of £356,250 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.
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