2-bedroom terraced house · GU32 3LA
For saleReduced £25k (−7.1%) on 24 OctListed 348 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
The property is a pretty cottage with painted brick elevations under a tiled roof and accommodation over two floors.
The position of the house is truly exceptional with Petersfield Town Centre only a stone’s throw away.
There is a delightful aspect overlooking a small green to the front with period houses beyond, and distant views of the South Downs to the rear.
Internally, accommodation comprises of two reception rooms, a kitchen, downstairs w/c and a back porch with access to the garden.
Stairs rise to the landing, off which are two bedrooms and a family bathroom. Outside, the garden to the rear is laid to lawn although would benefit from a general tidy.
Currently open with neighbours, most buyers may want to consider enclosing with fencing or hedging and being on the south side, would get plenty of sun in the relevant seasons.
At the bottom of the garden is a single garage in a block, in front of which is a right of way accessing a neighbours garage and parking area.
Whilst the cottage has been loved over the years, it does now require general updating throughout.
Location: The property is situated in The Spain, just a short walk from The Square in the centre of the town. Petersfield offers a variety of amenities in a bustling town centre.
Shops include Waitrose, M&S Food, Tesco and there are numerous boutiques, cafes and further shops.
The train station provides a direct service to London Waterloo to the north (in approximately an hour) and Portsmouth to the south.
The tunnel at Hindhead provides congestion free travel north along the A3 to Guildford and London.
The town has many active clubs and societies with golf available at Petersfield, Liphook and Midhurst, horse and motor racing at Goodwood, polo at Cowdray Park and sailing along the South Coast.
Being in the heart of The South Downs National Park, the surrounding countryside is renowned for its unspoilt landscapes and outdoor pursuits.
There are many popular schools in the area including The Petersfield School (tps), Bohunt, Churcher's College, Bedales and Ditcham Park.
Directions: On foot from our office at 26 High Street, proceed up the High Street, passing M&S Foods on your left.
On reaching The Square, cross diagonally across, passing the Church on your left and the library on the right into Sheep Street.
At the end of the road and on reaching The Spain, cross the road and the property will be situated ahead of you on the right-hand side.
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
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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 16, The Spain, Hampshire
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