5-bedroom bungalow · SP8 5JH
For saleReduced £100k (−10%) on 12 JunListed 185 days
Opportunity summary
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About
Pound Farm is a versatile and beautifully positioned smallholding set within approximately 18 acres and offers a rare opportunity for rural living with equestrian facilities and multi-generational accommodation - all within easy reach of Gillingham and its mainline connections to London.
Originally a detached 1970s bungalow, the property has been significantly enhanced by the current owners since their purchase in 2022.
A thoughtfully designed side extension and garage conversion has created a superb, self-contained two-bedroom ancillary accommodation, ideal for extended family or guest use.
The property now offers five bedrooms in total with flexible and well-proportioned living spaces suited to a variety of needs and offers wonderful views over its surrounding land and countryside.
Please see the provided floor plan for the full accommodation layout.
Outside: The property is approached via Standpitts Lane (a semi rural country lane which serves just a handful of properties and agricultural yards) and has two sets of driveway entrances providing easy vehicular access and ample off road parking.
The gardens wrap around the bungalow nicely and are mainly laid to lawn with established planting, trees and shrubbery.
Pound Farm is particularly well-suited to equestrian or smallholding use, benefitting from a comprehensive range of outbuildings and facilities.
These include a selection of agricultural barns, a covered yard, machinery storage, former stalls adapted for equestrian purposes and a workshop/feed with hay store.
An all-weather manège is also in place, offering excellent potential with some remedial works required.
The land extends to around 18 acres, comprising mainly pasture with a natural layout ideal for grazing and outdoor pursuits.
The furthest field from the property has separate gate access which can be directly accessed via the B3092 (the 'East Stour' road). Water is connected to all fields.
Countryside Stewardship: The property currently benefits from participation in a government stewardship scheme, with two fields currently enrolled.
The agreement can be withdrawn from December, offering flexibility for future use - participation is entirely optional for any incoming purchaser.
For those interested, the scheme currently generates approximately £2,800 per annum in basic payments alongside additional capital grants of around £5,000 per annum.
Importantly, the overall landholding of approximately 7 hectares meets the criteria for the DEFRA Mid Tier Countryside Stewardship scheme, presenting an attractive opportunity to generate an income from the land without the need for active farming.
Location: Situated in the hamlet of Madjeston, on the southern edge of Gillingham, the property enjoys a peaceful rural setting with direct access to a network of bridleways and countryside walks.
The nearby town of Gillingham provides a comprehensive range of everyday amenities, including supermarkets, healthcare services, cafés and a popular mainline railway station with direct links to London (Waterloo).
The area is also well connected with access to the A303 and offers a good selection of well-regarded schools and leisure facilities. Services: The property is connected to mains water and electricity.
Drainage is via a private septic tank (last emptied in summer 2025). Heating is via the oil central heating boiler - radiators in the original end and underfloor in the new extension.
Broadband: Cable is connected via Wessex Internet. Solar Panels fitted and included (Grid income generated approx. £2369.00 last year).
Agents Note: Please note that a public footpath crosses the two fields situated furthest from the property. Please see layout plan image showing location.
Local Planning: We are advised that land to the north of the property, previously part of Pound Farm, has planning permission (Ref: P/FUL/2024/07561) for a new dwelling.
Additionally, a small development of two pairs of semi-detached houses is being built at the northern end of Standpits Lane. This can be clearly seen on the right hand side as you enter the lane.
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.
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About Standpitts Lane, Madjeston, Gillingham, SP8 5JH
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