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See how verdicts work2-bedroom bungalow · SO24 9EX
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A sizeable, detached bungalow set in a tranquil, semi-rural location on the southern edge of Alresford, with beautiful views and countryside walks from the doorstep.
The property sits on a wide plot and offers an opportunity for further extension, subject to planning permission being granted.
It is in need of modernisation throughout, but with an investment of time and money, it would be the perfect property for anyone who enjoys country living, whilst also wanting good access to the town centre.
Drove Lane is a quiet lane that leads north to Old Alresford and popular walking trails, which lead off in various directions.
The bungalow is approached from Drove Lane, with an in- and-out gravelled driveway and an outlook over the fields beyond. The front door opens to an enclosed porch and the entrance hall.
To the left and the right are two generously proportioned double bedrooms, with windows overlooking the driveway.
A door off the hall opens to the sitting and dining rooms, which have been combined into one large space.
To the side is another room, which could be used as a study or family room, and to the rear is the conservatory, with a lovely outlook over the garden.
The kitchen is at the far end of the hall and has a view of the garden. There is an adjoining utility/boot room with a door to the garden, and a bathroom and separate cloakroom.
A loft hatch in the hall allows access to the spacious loft via a bespoke loft ladder.
The main loft room measures 4.7m max x 4.3m max and has a window with a view of the neighbouring fields, and a door to further loft storage space.
Outside to the front, there is a good amount of driveway parking and two single garages that are attached to the property, offering the opportunity to provide further accommodation.
There is access to the rear garden from the right hand side of the property, with views over a low hedge to water meadows and countryside beyond.
The garden has a sunny, south-west facing aspect and is laid to lawn, with mature shrubs and hedging.
Alresford is a beautiful Georgian town known for its variety of independent shops, restaurants and inns located in stunning surroundings on the edge of the South Downs National Park.
Attractions include the Watercress steam railway, schools for infant, junior and secondary education, several churches and an active and inclusive community.
The cathedral city of Winchester is about 7 miles away and there is easy access to the south coast, the midlands and London via the road network.
There is also mainline rail access to London from both Winchester and Alton. Southampton airport is only about half an hour away by car. Mains gas, electricity and water connected.
Private drainage system. Winchester City Council Council Tax Band: F
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 Drove Mead, Drove Lane, Alresford
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