3-bedroom bungalow · SO41 8GL
For saleListed 14 days
Opportunity summary
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About
5 Renouf Close is a deceptively spacious three double bedroom bungalow offering a well-balanced arrangement of accommodation, together with the additional benefit of a substantial garage/office complex which, subject to the necessary consents, could potentially be adapted to provide separate annexe accommodation.
The property occupies a peaceful cul-de-sac position close to the centre of Pennington village, with its range of local shops and amenities, and is within easy reach of Priestlands School and Lymington town centre.
An entrance porch with glazed door opens into the reception hall, which has wood-effect flooring, an airing cupboard and access to the roof space.
The sitting room is a generous and comfortable reception room with wood-block flooring and a feature fireplace.
Glazed double doors lead through to the kitchen/dining room, which is fitted with a range of floor-standing and wall-mounted cupboards and drawers, a sink unit, induction hob with extractor above and built-in oven.
There is ample space for a dining table and chairs, space for a fridge/freezer, a radiator and a wall-mounted gas-fired boiler. A double-glazed door provides direct access outside.
From the reception hall there are three double bedrooms. The principal bedroom has wood-effect flooring, a radiator, built-in double wardrobe cupboards and direct access to the conservatory.
The two further bedrooms are also of generous proportions, with ample space for additional wardrobes and bedroom furniture.
The conservatory is a particularly useful additional reception space, with a tiled floor and double doors opening directly onto the rear garden.
The accommodation is completed by a bathroom fitted with a bath, separate shower cubicle and wash basin, together with an adjacent separate WC.
Outside, the property is approached over a gravel driveway providing ample off-road parking. The front garden is enclosed by established hedging.
The rear garden enjoys a westerly aspect and offers a good degree of privacy.
It is currently in need of some landscaping, providing an excellent opportunity for a purchaser to create an attractive garden to their own design.
A particular feature of the property is the substantial garage/outbuilding, approached via an up-and-over door.
This provides extensive storage, together with loft space and a separate office area with wood flooring.
There is also a useful utility/shower room with shower cubicle, WC, washing machine and tumble dryer provision and a door leading directly to the rear garden.
This versatile space offers considerable potential for use as a home office, studio, gym or, subject to the necessary consents, possible annexe accommodation.
Location - Renouf Close is situated in a quiet residential setting close to the heart of Pennington village, which provides a useful range of everyday amenities including local shops and services.
Priestlands School is also within easy reach.
The nearby Georgian market town of Lymington offers an excellent range of independent shops, boutiques, cafés and restaurants, together with its popular weekly Saturday market.
The town is renowned for its sailing heritage, with the Lymington River, Town Quay, Yacht Haven, marinas and Royal Lymington Yacht Club all contributing to its reputation as one of the South Coast's most desirable coastal towns.
The beautiful New Forest National Park is also close at hand, providing miles of open heathland, woodland and countryside, ideal for walking, cycling and horse riding.
For commuters and those travelling further afield, Lymington has rail connections via Brockenhurst, with mainline services to London Waterloo.
The wider road network gives access towards Southampton and Bournemouth, both of which have airports providing domestic and international connections.
Council Tax – E EPC Rating – D (Note – Some imaging may have been enhanced with ai)
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.
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About 5, Renouf Close, Lymington
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