3-bedroom house · SP5 3SA
For saleListed 110 days
Opportunity summary
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About
A beautifully positioned three-bedroom village house, standing in a large south-facing garden This an idyllic period village house, with origins thought to date back to the 17th Century, with more recent additions in about 1970.
The house is not listed and constructed on brick under a thatched roof. A real hallmark for any property, the house has been in the same ownership for nearly 50 years.
There is unquestionably some updating required, but the house offers a lovely set of rooms on both floors, with character and a surprising amount of light for a house of this age.
Steps lead down from the parking area to a hallway, from which the kitchen/breakfast room and dining hall are accessed.
The kitchen has a lovely view over the front of the property and field beyond, with a pantry just off. The previous owner had to install a lift here, which runs directly up to the main bedroom above.
It is ‘freestanding’ and can be removed if needed, and the opening repaired.
The dining hall links most of the rooms, including a useful utility room with door to the garden outside, and a separate shower room.
The sitting room is divine, triple aspect, with an inglenook fireplace and door out to the south-facing terrace outside. There is also a large boiler room, accessed from outside.
Upstairs, the landing leads to three bedrooms, and a family bathroom.
The main bedroom has fitted cupboards and interconnects with bedroom three, should one need a nursery or want a dressing room for example.
The lift from the kitchen comes up into the main bedroom at present, but again, could easily be removed and the floor space made good.
Approached directly off Bugmore Lane, there is gravelled parking for 2-3 cars, with a detached double garage as well. The garage also provides a workshop area with ample space for shelving.
The brick footings of a former greenhouse can be found to the side of the house.
The gardens are a significant part of the property, and wrap around the house, with wonderful views of the fields and countryside beyond.
The property extends to about 0.44 acres, which includes a large area of lawn, formerly an orchard. The previous owner also had a kitchen garden in the past.
A terrace at the back makes the most of the south-facing aspect of the house.
Value & comps
No previous sales on record.
Returns
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Archie refurb estimate: a Pro feature
0.0% below asking
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Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
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FAQ
About Parsons Cottage, East Grimstead, Salisbury
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