4-bedroom bungalow · SO41 8LL
Listing removedListed 219 days
Opportunity summary
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About
A deceptively spacious, beautifully finished four bedroom bungalow with a secluded garden wrapping around three sides featuring an outdoor entertaining area.
The property has off road parking for two cars and is subject to an Agricultural Occupancy Tie. Chain free.
PROPERTY DESCRIPTION OVERVIEW A deceptively spacious and beautifully presented bungalow with three double bedrooms and a home office. The property is subject to an Agricultural Occupancy Tie.
THE PROPERTY The property is accessed via a entrance hall used as a useful utility/boot room.
The living accommodation comprises a large well equipped kitchen/breakfast room with a separate sitting room benefitting from patio doors into the garden.
There is a good sized primary bedroom with an en-suite shower room incorporating a dressing area, plus a further two double bedrooms and a family bathroom.
The property also benefits from a home office. In all approximately 103.9 sq.m (1119 sq.ft) of accommodation.
OUTSIDE The property has a large wrap around garden with a lovely entertaining space including a cabin. There is a gravelled area with two parking spaces.
SITUATION Pitmore Lane is a popular road situated on the outskirts of the village of Sway within the New Forest National Park.
Sway is a thriving community with a mainline rail connection to London Waterloo, newsagents, restaurant, delicatessen, a pub and a doctors surgery.
The popular Georgian market town of Lymington is about three miles away.
The town is renowned for its high street, pretty cobbled Quay, sailing heritage and popular marinas offering opportunities to the water enthusiast.
The New Forest National Park can be accessed at the end of the road. Whilst the seawall and the Solent Way are a short distance away at the bottom of Lower Pennington Lane.
There are many well regarded private and state schools within a short drive, including Sway Primary School, Priestlands Secondary School and Walhampton and Ballard Independant Schools.
The M27 can be accessed at Junction 1 or 2 and links to the M3 affording easy access to Winchester, Basingstoke and London.
Southampton and Bournemouth airports provide easy and quick access to many domestic and international destinations. SERVICES AND COUNCIL TAX Mains electricity, gas and water.
Newly installed Marsh Nutra-Lite™ SBR Sewage Treatment Plant.
Council Tax Band: C AGENTS NOTE The Agricultural Tie reads as follows: The occupier of the dwelling shall be a person employed or last employed in agriculture, as defined by Section 221(1) of the Town and Country Planning Act, 1962, or in forestry, or the dependant of such a person.
DIRECTIONS From our offices in Gosport Street proceed out of town on Marsh Lane. At the roundabout take the first exit and after approximately 100m turn right onto Sway Road.
At the Wheel Inn turn right onto Pitmore Lane. The property will be found on the left hand side after a short distance marked by a For Sale board.
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
Agent & docs
FAQ
About Pitmore Lane, Pennington, Lymington, Hampshire, SO41
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