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Alresford Road, Cheriton, Alresford, Hampshire SO24 - Image 1
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Alresford Road, Cheriton, Alresford, Hampshire SO24 - Image 3

Alresford Road, Cheriton, Alresford, Hampshire SO24

South East

£1,750,000
Listed on 11/10/2025

Property Details

Bedrooms
4
Type
Detached house
Area
1701 sqft

Description

Nestled along the tranquil River Itchen, this property offers a unique opportunity for renovation and investment. Comprising a detached four-bedroom bungalow and an oak-framed barn, this former nursery spans approximately 3.5 acres of well-established gardens and grounds in the sought-after village of Cheriton. The bungalow features a welcoming entrance with a spacious hallway that connects to various living areas. A bright south-facing sitting room, complete with a stone fireplace and wood-burning stove, provides direct access to the terrace and garden through sliding patio doors. Adjacent to the sitting room is a dining area that also enjoys views of the outdoor space. The inclusion of a second large bedroom with its own separate entrance makes it suitable for accommodating extended family or guests. The kitchen day room is equipped with versatile cabinetry, ample counter space, and essential appliances including a Rayburn oil-fired range cooker. This area flows into a breakfast nook with additional garden access, making it an ideal layout for future enhancements or updates. The main bedroom boasts views of the adjacent lake and includes twin fitted wardrobes along with an en suite bathroom featuring contemporary fixtures. Two additional bedrooms are complemented by another shower room, providing ample accommodations as designed or reconfigured. The barn structure adds considerable potential; currently utilized as an agricultural space, it has been maintained for around 15 years and features a striking beamed ceiling in its open-plan living area. With some imagination, this generous space could be transformed into additional residential units under permitted development rights (subject to planning approval). Surrounded by lush greenery, the expansive grounds include beautifully landscaped gardens highlighted by a serene lake, mature willow trees, and an orchard—creating ample outdoor appeal for both relaxation and entertainment. Cheriton itself is steeped in charm, offering local amenities such as shops, schools, and community facilities alongside easy access to stunning countryside walks within the South Downs National Park. The nearby historic market town of Alresford provides further dining and retail options as well as attractions like the Watercress Line steam railway. Excellent transport links enhance its desirability; mainline rail services from Winchester ensure swift connections to London Waterloo in about an hour, while major roadways facilitate easy travel throughout southern England. With its combination of location appeal and renovation potential, this property invites those looking to invest in their future while enjoying life amidst beautiful surroundings.

Investment Analysis

(SO24 area)

Above Market Value

This property is priced +118.1% above area average per sq ft

+118.1%
This Property
£1,029/sq ft
Area Average
£472/sq ft
Avg Rent (weekly)
£541
Avg Yield
3.7%

Renovation Potential

Est. Renovation Cost
£175,000 - £437,500
10-25% of property value
Target Value
£882,504
10% above area average per sq ft
Potential ROI
-59.7%
After renovation
Monthly Sales
4
Average per month
Market Turnover
5%
Properties sold annually

Local Market Trend (SO24)

Area prices are rising by +13.1% over the last 12 months
3 year growth: 13.6%
5 year growth: 31.6%
Investment Disclaimer: Analysis based on SO24 area averages and may not reflect property-specific factors like condition, exact location, or unique features. 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

Alresford Road, Cheriton, Alresford, Hampshire SO24
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