3-bedroom bungalow · SO51 0JN
For saleReduced £24k (−4%) on 18 OctListed 20 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Offered for sale with no forward chain, Michael Rhodes are pleased to welcome to the market this three-bedroom detached bungalow, ideally situated within the popular village of Lockerley and benefiting from ample off-road parking, a double garage and a versatile studio.
Location Lockerley Green is situated within the picturesque Test Valley village of Lockerley, approximately five miles from the market town of Romsey.
The village enjoys an attractive semi-rural setting surrounded by countryside, with local amenities including a village shop, primary school and recreation facilities.
Romsey provides a wider range of shops, cafés, restaurants and leisure facilities, while the area is well placed for road and rail connections towards Southampton, Salisbury and Winchester.
Summary The property is entered via a welcoming entrance hall, providing access to the well-proportioned accommodation.
The spacious living/dining room enjoys plenty of natural light, with a feature fireplace and French doors opening directly onto the rear garden.
The separate fitted kitchen offers a range of wall and base units, ample worktop space and further access outside.
There are three bedrooms, with bedroom one being particularly generous and benefiting from an extensive range of fitted wardrobes and a roof light.
The remaining bedrooms are both well proportioned and are served by a modern three-piece shower room.
Summary Externally, the property occupies a generous plot of approximately one-fifth of an acre and is complemented by a particularly attractive and established south-facing rear garden.
The garden features a paved patio and additional seating areas, an area of lawn and an abundance of mature plants, shrubs and trees, together with a vegetable patch, fruit trees and a fruit cage.
There is also a greenhouse with benches and a 6ft x 8ft garden shed. To the front, a large private driveway provides ample off-road parking and leads to a substantial attached double garage.
The garage also provides access to a separate studio, offering a versatile space suitable for use as a home office, hobby room or gym.
Anti Money Laundering We are required by law to conduct anti-money laundering checks on all those selling or buying a property.
Whilst we retain responsibility for ensuring checks and any ongoing monitoring are carried out correctly, the initial checks are carried out on our behalf by Lifetime Legal who will contact you once you have agreed to instruct us in your sale or had an offer accepted on a property you wish to buy.
The cost of these checks is £60 (incl. VAT), which covers the cost of obtaining relevant data and any manual checks and monitoring which might be required.
This fee will need to be paid by you in advance of us publishing your property (in the case of a vendor) or issuing a memorandum of sale (in the case of a buyer), directly to Lifetime Legal, and is non-refundable.
We will receive some of the fee taken by Lifetime Legal to compensate for its role in the provision of these checks.
Value & comps
No previous sales on record.
Returns
Set an offer; the calculator follows it.
We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below asking
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisors before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
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
Agent & docs
FAQ
About Laramie,, Lockerley Green, Romsey
Explore nearby