3-bedroom house · GU32 1AN
For saleListed 32 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A dilapidated pair of cottages, with gardens and grounds in open countryside. Overall the property extends to approximate 1.05 hectares (2.59 acres).
Property The cottages are situated in an idyllic location on Ridge Common Lane with views across the surrounding countryside.
The property is located between the villages of Steep and Stroud and under 2 miles from the centre of Petersfield.
The two lodge cottages are currently uninhabitable and are suitable for renovation, extension, conversion to a single dwelling or being replaced, all subject to the necessary planning consents.
Within the garden there is a single garage. Included with the cottages is a paddock and an area of woodland to the rear of the cottages.
General Remarks And Stipulations Method of Sale The property is offered for sale by private treaty.
Boundaries The Purchaser will be responsible for erecting and maintaining fences as shown by inward facing “T” marks.
Rights The property is sold subject to the benefit of all rights, including services supplying Soal Farmhouse which run through the grounds of 1 & 2 Soal Farm Cottages, along with all rights of way, whether public or private, light, support, drainage, water and electricity supplies and any other rights and obligations, easements and proposed wayleaves for masts, electricity poles, pylons, stays, cables, drains and water, gas and other pipes, whether referred to in the Condition of Sale or not.
Services Previously connected to electricity, mains water and private drainage.
The Purchaser will be required to install a new water supply direct from the mains, along with a new sewage treatment plant within the boundary of the property.
Tenure and Possession The land is currently grazed by sheep under a licence with a local farmer. Vacant possession will be given on completion.
Location Soal Farm Cottages are located within the South Downs National Park.
Additional Remarks Sporting and Timber Rights The sporting and timber rights are in-hand and are included with the sale of the freehold insofar as they are owned.
Mineral Rights The mineral rights, at a depth below 200 feet over the majority of the farm, are reserved to the Church Commissioners, however, the land is not allocated as a safeguarded site in the Hampshire Minerals and Waste Plan.
Further details are available from the selling agents. Areas and Schedules These are based on the Ordnance Survey and are for reference only.
They have been checked and computed by the selling agent and the Purchaser(s) shall be deemed to have satisfied themselves as to the description of the property.
Any error or misstatement shall not annul a sale or entitle any party to compensation in respect thereof.
Health & Safety Given the potential hazards, due to the condition of the cottages and overgrown areas, we would ask you to be as vigilant as possible for your own personal safety when making your inspection.
Access to the cottages will be limited due to their condition and it is not possible to access the first floors.
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 1 & 2, Soal Farm Cottages, Ridge Common Lane, Petersfield
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