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Elder Close, Winchester SO22 - Image 1
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Elder Close, Winchester SO22

South East

£305,000
Listed on 23/04/2026

Property Details

Bedrooms
2
Type
Terraced Bungalow
Area
729 sqft

Description

Situated in the desirable Badger Farm area of Winchester, this spacious two-bedroom bungalow presents a noteworthy opportunity for those looking to invest in a property with strong potential for personalization. The home's layout includes a sizeable reception/dining area and a thoughtfully designed kitchen, complemented by two well-sized bedrooms that are accessible from the central hallway. While the property has been maintained in commendable condition, it offers a blank canvas ideal for modern updates or individual enhancements. Outside, the bungalow features a secluded rear garden perfect for leisure or gatherings, along with the convenience of a separate garage and on-street parking. This location is advantageous for daily living, being close to local amenities such as supermarkets and providing excellent connectivity to major roads and public transport options leading into Winchester city centre. This property is an excellent choice for downsizers, first-time buyers, or anyone seeking a single-storey dwelling with substantial investment potential.

Investment Analysis

(SO22 area)

Below Market Value

This property is priced -17.1% below area average per sq ft

-17.1%
Potential saving
This Property
£418/sq ft
Area Average
£505/sq ft
Avg Rent (weekly)
£500
Avg Yield
4.5%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £30,000
Target Value
£404,679
10% above area average per sq ft
Potential ROI
+20.8%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
32
Average per month
Market Turnover
13%
Properties sold annually

Local Market Trend (SO22)

Area prices are falling by -7.2% over the last 12 months
3 year growth: -8.7%
5 year growth: -11.0%
Investment Disclaimer: Analysis based on SO22 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

Elder Close, Winchester SO22
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.91%

Current average variable rate is 6.62%

Monthly Repayments
£1,080
Based on a loan of £228,750 over 30 years at 3.91% 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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