3-bedroom bungalow · BH31 6BU
For saleReduced £30k (−7%) on 21 JulListed 105 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Offered for sale by its original owner, a clear testament to the care and happiness enjoyed within, this well-maintained three-bedroom bungalow presents a rare opportunity for buyers seeking both immediate comfort and future potential.
The accommodation is both spacious and versatile, comprising three well-proportioned bedrooms, one of which benefits from direct access to a conservatory, providing an ideal additional reception space or a peaceful retreat overlooking the garden and a family bathroom, The generous kitchen/breakfast room offers ample space for dining and the bright and welcoming living room provides an ideal setting for relaxation with views to the front.
The property represents excellent value for money and offers significant scope for enhancement.
(subject to any consents that may be needed) Located along the ever-popular Lake Road, it sits among a number of neighbouring homes that have been substantially extended and improved, creating an exciting opportunity for buyers to modernise, extend (subject to planning), and ultimately create a bespoke long-term home.
Externally and internally, the bungalow has been well cared for over the years, yet still offers plenty of potential for those looking to undertake a project and add value.
The location is particularly appealing, being within close proximity to a highly regarded local school and offering easy access to the natural beauty of Ringwood Forest, just a short walk via Southernhay Road.
Verwood village is also conveniently nearby, along with larger supermarkets including Lidl and Morrisons, ensuring all daily amenities are within easy reach.
The property is offered with no onward chain and is subject to probate. Further details are available upon request. Agents note: Some images contained ai enhancement.
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 3 Lake Road, Verwood
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