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Carey Down, New Farm Road, Alresford SO24 - Image 1
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Carey Down, New Farm Road, Alresford SO24

South East

£975,000
Listed on 11/10/2025

Property Details

Bedrooms
4
Type
Detached house
Area
2219 sqft

Description

Nestled on a generous half-acre plot at the edge of town, this property boasts a south-westerly facing garden that offers picturesque countryside views. As one of the few remaining undivided plots in the area, it presents a unique opportunity for renovation or redevelopment into a larger, modern family residence, pending planning approval. The approach to the home features a gravel driveway with ample parking options. A covered porch welcomes you into the entrance hall, which includes a built-in coat cupboard. To the left, an L-shaped open-plan sitting and dining area showcases a fireplace and sliding doors leading out to the garden. Adjacent to this space is a conservatory with French doors that further connect indoor and outdoor living. The kitchen comes equipped with an Aga cooker and offers plenty of fitted storage along with a walk-in larder cupboard. It seamlessly connects to the utility room, which provides access to the rear garden. The ground floor also includes a versatile family room or study, as well as a double bedroom and a cloak/shower room, making it suitable for multi-generational living or potential secondary accommodation. Upstairs, you will find three spacious double bedrooms alongside a bathroom equipped with an airing cupboard for convenience. The loft access hatch on the landing hints at additional expansion possibilities. The rear garden is primarily laid to lawn and surrounded by mature trees and shrub beds, creating an inviting space for outdoor activities while benefiting from its secluded setting. Its sunny aspect allows for far-reaching views over neighboring fields toward Winchester. Located in Alresford—a charming Georgian town known for its array of independent shops and restaurants—this property offers both lifestyle advantages and investment potential. The town is situated on the edge of the South Downs National Park, providing easy access to scenic landscapes and recreational activities. Local amenities include schools at all educational levels, various churches, and community events that foster inclusivity. Transportation options are convenient with mainline railway access to London from Winchester and Alton, while major road networks allow swift connections to Southampton airport and other regions. This property represents not only a comfortable home but also an exciting chance for astute investors or those looking to create their dream residence amidst stunning surroundings.

Investment Analysis

(SO24 area)

Below Market Value

This property is priced -6.8% below area average per sq ft

-6.8%
Potential saving
This Property
£439/sq ft
Area Average
£472/sq ft
Avg Rent (weekly)
£541
Avg Yield
3.7%

Renovation Potential

Est. Renovation Cost
£97,500 - £243,750
10-25% of property value
Target Value
£1,151,250
10% above area average per sq ft
Potential ROI
-5.5%
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

Carey Down, New Farm Road, Alresford SO24
Map showing location of Carey Down, New Farm Road, Alresford SO24
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