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Romsey Road, East Wellow, Romsey SO51

South East

£500,000

Listed on 26/05/2026

Property Details

Bedrooms
3
Type
Detached Bungalow
Area
1449 sqft

Description

Situated on an expansive plot of approximately 0.42 acres in the tranquil village of East Wellow, this three-bedroom detached bungalow presents a remarkable opportunity for renovation and investment. The property has been in the same family since 1966 and is conveniently located near the New Forest National Park, as well as accessible shopping centres in Romsey, Salisbury, and Southampton. While the bungalow currently requires modernization, it offers significant potential to be transformed into an outstanding family residence. There is ample room to enhance the property's footprint, including the possibility of converting the loft space into additional bedrooms and a bathroom (subject to planning permission), making it appealing for both families and investors alike. The interior boasts a welcoming hallway that leads to a spacious lounge/diner illuminated by natural light from surrounding windows and doors. The kitchen is generously sized, featuring a central island along with fitted wall and base units, complemented by separate utility facilities. Each of the three double bedrooms is well-proportioned with large windows that contribute to a bright ambiance throughout. Additionally, there is a family bathroom equipped with modern amenities including a walk-in shower and bath. Outside, you will find a gated driveway offering parking for multiple vehicles alongside side access to an expansive garden—a valuable addition considering the rural setting of East Wellow which also benefits from excellent local schools across both state and private sectors and various recreational options. With some vision and effort, this property can be truly revitalized into a desirable home.

Investment Analysis

(SO51 area)

Below Market Value

This property is priced -20.7% below area average per sq ft

-20.7%
Potential saving
This Property
£345/sq ft
Area Average
£435/sq ft
Avg Rent (weekly)
£311
Avg Yield
3.0%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£60,000 - £90,000
Target Value
£693,586
10% above area average per sq ft
Potential ROI
+17.6%
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
12%
Properties sold annually

Local Market Trend (SO51)

Area prices are falling by -3.0% over the last 12 months
3 year growth: -7.8%
5 year growth: +3.2%
Investment Disclaimer: Analysis based on SO51 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

Romsey Road, East Wellow, Romsey SO51
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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
£1,889
Based on a loan of £375,000 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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