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Cranbourne Drive, Winchester SO21

South East

£615,000

Listed on 04/06/2026

Property Details

Bedrooms
4
Type
Detached
Area
1378 sqft

Description

This detached family home presents a unique opportunity for renovation within the charming village of Otterbourne, Winchester. Nestled in a quiet cul-de-sac, it occupies a generous plot with a driveway and garage, alongside an enclosed garden that offers potential for landscaping and outdoor enhancements. The property features four bedrooms, ideal for families or those wishing to create dedicated home office spaces. The master suite is complemented by an ensuite bathroom, while a spacious family bathroom on the first floor provides ample storage solutions. The living areas include a modern kitchen with a breakfast nook and adjoining utility room, complemented by a bright living room and dining room that could easily be transformed into additional entertaining or relaxation space with access to the garden through patio doors. A downstairs WC adds practicality. While the home is currently move-in ready, it offers significant renovation potential to customize according to personal tastes or expand living areas (subject to planning permissions). The rear garden is set up for low maintenance but could be enhanced further with landscaping skills. Having been maintained by the same family since its construction in the mid-1980s, this property presents an excellent canvas for future investment with no onward chain involved, making it an attractive option for buyers looking to make their mark in this desirable area.

Investment Analysis

(SO21 area)

Below Market Value

This property is priced -0.7% below area average per sq ft

-0.7%
Potential saving
This Property
£446/sq ft
Area Average
£450/sq ft
Avg Rent (weekly)
£543
Avg Yield
4.4%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £50,000
Target Value
£681,579
10% above area average per sq ft
Potential ROI
+2.5%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
13
Average per month
Market Turnover
7%
Properties sold annually

Local Market Trend (SO21)

Area prices are falling by -13.1% over the last 12 months
3 year growth: -12.1%
5 year growth: +2.4%
Investment Disclaimer: Analysis based on SO21 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

Cranbourne Drive, Winchester SO21
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£2,323
Based on a loan of £461,250 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.

Stamp Duty Calculator

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