3 Bed Bungalow, Refurb/BRRR, Romsey, SO51 6DH, £800,000

Canada Common, West Wellow, Romsey, Hampshire, SO51 6DH - 3 months ago

Sold STC
Refurb/BRRR
~93 m²
+11 photos

ValuationOvervalued

Sold Prices£300K - £1.1M
Sold Prices/m²£2.9K/m² - £7.4K/m²

 

 

Square Metres

~93 m²
Price/m²£8.6K/m²

Value Estimate

£423,628

 

 

End Value (After Refurb)

£775,000

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£200,000

Stamp Duty & Legal Fees

£52,700

Refurb Costs

£41,600

Bridging Loan Interest

£21,000

Total Cash In

£317,050

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£775,000

Mortgage (After Refinance)

£581,250

Mortgage LTV

75%

Cash Left In

£317,050

Equity

£193,750

Rent Range

£900 - £3,950

Rent Estimate

£1,950

Running Costs/mo

£2,832

Cashflow/mo

£-882

Cashflow/yr

£-10,582

Gross Yield

3%

Local Sold Prices

39 sold prices from £300K to £1.1M, average is £490K. £2.9K/m² to £7.4K/m², average is £4.5K/m².

PriceDateDistanceAddressBeds 
£300K03/230.88 mi47, Gurnays Mead, West Wellow, Romsey, Hampshire SO51 6BP3
£750K06/210.88 miSilver Trees, School Road, West Wellow, Romsey, Hampshire SO51 6AR3
£375K09/210.89 mi6, The Hollies, West Wellow, Romsey, Hampshire SO51 6GH3
£410K03/211.05 miLongways, Gazing Lane, West Wellow, Romsey, Hampshire SO51 6BS3
£360K01/211.15 mi6, Wheatears Drive, West Wellow, Romsey, Hampshire SO51 6RA3
£575K10/231.15 mi5, Wheatears Drive, West Wellow, Romsey, Hampshire SO51 6RA3
£490K12/201.16 mi5, Sand Close, West Wellow, Romsey, Hampshire SO51 6RD3
£440K10/201.17 miAmberleigh, Maurys Lane, West Wellow, Romsey, Hampshire SO51 6DA3
£654.5K08/231.21 mi4, Reeves Close, West Wellow, Romsey, Hampshire SO51 6RE3
£485K01/231.25 mi17, Barnes Close, West Wellow, Romsey, Hampshire SO51 6ET3
£397.5K03/211.25 mi20, Barnes Close, West Wellow, Romsey, Hampshire SO51 6ET3
£470K08/231.25 mi18, Barnes Close, West Wellow, Romsey, Hampshire SO51 6ET3
£568K12/221.45 miAlwyn, Kooyong Close, East Wellow, Romsey, Hampshire SO51 6BL3
£1.1M12/221.5 miHome Farm Cottage, Bricky Lake Lane, Ower, Romsey, Hampshire SO51 6GQ3
£750K11/221.87 miBlue Hills, Whitehorn Drive, Landford, Salisbury, Wiltshire SP5 2AX3
£404K07/231.96 mi22, Beech Grange, Landford, Salisbury, Wiltshire SP5 2AN3
£500K01/211.96 mi69, Beech Grange, Landford, Salisbury, Wiltshire SP5 2AN3
£468K06/231.96 mi26, Beech Grange, Landford, Salisbury, Wiltshire SP5 2AN3
£655K03/212.02 miFoxdale, Lyndhurst Road, Landford, Salisbury, Wiltshire SP5 2AP3
£467.5K08/232.02 mi12, Beech Grange, Landford, Salisbury, Wiltshire SP5 2AL3
£450K04/232.02 mi20, Beech Grange, Landford, Salisbury, Wiltshire SP5 2AL3
£430K03/212.02 mi6, Beech Grange, Landford, Salisbury, Wiltshire SP5 2AL3
£420K04/212.02 mi29, Beech Grange, Landford, Salisbury, Wiltshire SP5 2AL3
£440K05/212.02 mi18, Beech Grange, Landford, Salisbury, Wiltshire SP5 2AL3
£310K05/232.19 miYew Tree Cottage, Forest Road, Nomansland, Salisbury, Wiltshire SP5 2BP3
£592.5K05/232.24 miMulberry Lodge, School Road, Nomansland, Salisbury, Wiltshire SP5 2BY3
£345K01/212.26 mi6, School Road, Nomansland, Salisbury, Wiltshire SP5 2BX3
£750K11/222.26 miLatchmoor Cottage, Lyndhurst Road, Landford, Salisbury, Wiltshire SP5 2AF3
£750K05/232.27 miProvidence House, Copythorne Crescent, Copythorne, Southampton, Hampshire SO40 2PE3
£570K08/232.43 miTreeside, Romsey Road, Cadnam, Southampton, Hampshire SO40 2NN3
£425K12/202.47 miTeresa, Romsey Road, Cadnam, Southampton, Hampshire SO40 2NN3
£500K01/212.54 miForest Syde, Southampton Road, Cadnam, Southampton, Hampshire SO40 2NQ3
£415K03/222.61 mi10, Canterton Lane, Brook, Lyndhurst, Hampshire SO43 7HF3
£575K04/232.64 miOaklands, Salisbury Road, Ower, Romsey, Hampshire SO51 6AG3
£551K10/202.7 miBroom Hill, Winsor Road, Winsor, Southampton, Hampshire SO40 2HN3
£775K12/202.7 miOrchard Cottage, Winsor Road, Winsor, Southampton, Hampshire SO40 2HN3
£775K12/202.7 miOrchard Cottage, Winsor Road, Winsor, Southampton, Hampshire SO40 2HN3
£935K12/202.7 miPaddock Wood, Whitemoor Lane, Winsor, Southampton, Hampshire SO40 2HD3
£525K02/232.91 miFour Posts, Southampton Road, Cadnam, Southampton, Hampshire SO40 2NB3

Local Rents

9 rents from £900/mo to £4K/mo, average is £1.2K/mo.

RentDateDistanceAddressBeds 
£1,10012/240.88 miWest Wellow Lower Common Road UNFURNISHED2
£2,75012/241.11 miMaurys Lane, West Wellow, Romsey, Hampshire, SO514
£2,20012/241.36 miRomsey Road, East Wellow, Romsey, Hampshire, SO513
£1,20009/241.36 miRomsey Road, East Wellow, Romsey, Hampshire, SO511
£3,25009/241.4 miPartridge Hill, Landford, Salisbury, Wiltshire, SP55
£95004/251.78 mi-1
£1,00009/241.82 miLyndhurst Road, Landford - Bills Included1
£3,95002/242.05 mi-4
£90001/252.4 mi-1

Local Area Statistics

Population in SO51

26,989

Town centre distance

5.03 miles away

Nearest school

1.30 miles away

Nearest train station

4.92 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-5%

Sales demand

Balanced market

Capital growth (5yrs)

+14%

Property History

Listed for £800,000

January 14, 2025

Floor Plans

Description

  • Detached Bungalow +
  • 0.4 Acre Plot +
  • Sitting Room +
  • Dining Room +
  • Kitchen +
  • Three Bedrooms +
  • Bathroom +
  • Garage and Outbuilding +

A superb and possibly the last opportunity to purchase a renovation property in this stunning New Forest setting.

A fantastic opportunity for those looking to either renovate or re-invent (subject to the necessary consents) a property in one of the region’s most sought after locations. The name ‘Buena Vista’ says it all with stunning views across the open forest for as far as the eyes can see. This much loved property as it stands has an excellent balance of living and bedroom space arranged over two floors with two reception rooms and three double bedrooms. There is of course also a kitchen and bathroom, as well as three additional conservatory/lean-to spaces.

Outside the plot is great and a good size. It is flat and level. There is ample parking and scope for more and some very useful outbuildings. Overall we are delighted to find the next custodian and see what becomes of this fabulous home.

Buena Vista is located within the open New Forest at Canada Common which provides over 100,000 acres of outstanding natural beauty, with ancient woods and heathland enjoyed by the equestrian and walkers alike. The village of West Wellow is about 5.5 miles from the centre of Romsey and provides an extremely good range of amenities including leisure facilities, theatre and an excellent range of shops for everyday needs. The area is well served with schools for all age groups, both state and private to include Stroud and Hampshire Collegiate. Wellow itself offers traditional village amenities such as a pharmacy, general store and a Nisa convenience store as well as a nearby golf club. The larger centres of Southampton and Salisbury are accessed via A36 and M27 and the cathedral city of Winchester is also within easy driving distance. Junction 2 of the M27 provides access to the M3 for London, Southampton International Airport and the airport Parkway station which connects to London Waterloo in 1 hour 10 minutes.

Test Valley Borough Council - Band F

All main services are connected

From Romsey proceed to Ower and take the A36 towards Salisbury. On reaching the roundabout at West Wellow turn left into Canada Road and follow this road until the cattle grid is reached. Turn left at this T-junction and Buena Vista will be found on the left hand side just before the chapel.
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Agent Details

Woolley & Wallis, Romsey

01794 337473

Next Steps?

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