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Newbridge Way, Pennington, Lymington SO41 - Image 1
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Newbridge Way, Pennington, Lymington SO41

South East

£600,000
Listed on 17/04/2026

Property Details

Bedrooms
3
Type
Detached Bungalow
Area
1144 sqft

Description

This detached bungalow presents a unique opportunity for investors or homeowners looking to make their mark in a desirable corner plot setting. Chain-free and available for the first time since 1988, this three-bedroom property boasts significant potential for extension or remodeling, especially given its spacious layout and versatile accommodation. The home has been freshly decorated in a neutral palette with newly fitted carpets, making it comfortable to move into immediately. However, there remains ample scope to customize the space further according to personal preferences. Key features include a generous L-shaped hallway leading to a bright sitting room that enjoys a westerly view of the front garden, along with a well-proportioned conservatory offering serene views of the rear garden. The kitchen/dining area is practical and light-filled, equipped with pine units and modern fittings that could benefit from an update or expansion. The addition of a utility room enhances functionality with convenient access to the garden. A beautifully landscaped Italian-style garden surrounds the property, providing privacy and tranquil outdoor spaces alongside plentiful parking options. The detached garage offers further potential for enhancement or conversion. Given the property's proximity to local amenities and excellent transport links, it not only serves as a comfortable residence but also stands as an excellent investment opportunity in this sought-after South East region.

Investment Analysis

(SO41 area)

Above Market Value

This property is priced +8.1% above area average per sq ft

+8.1%
This Property
£524/sq ft
Area Average
£485/sq ft
Avg Rent (weekly)
£340
Avg Yield
3.0%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£30,000 - £60,000
Target Value
£610,576
10% above area average per sq ft
Potential ROI
-7.5%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
36
Average per month
Market Turnover
6%
Properties sold annually

Local Market Trend (SO41)

Area prices are stable by -0.9% over the last 12 months
3 year growth: -14.8%
5 year growth: -1.2%
Investment Disclaimer: Analysis based on SO41 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

Newbridge Way, Pennington, Lymington SO41
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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
£2,125
Based on a loan of £450,000 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

Price History

-4.0% since listed
£600,000£25,000(-4.0%)
16/04/2026
Current price
£625,000Initial listing
19/03/2026

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