# 2 bedroom bungalow for sale (SO23 7LF) ## Property Details | Key | Value | |-----|-------| | Address | 137A, SPRINGVALE ROAD, WINCHESTER, HAMPSHIRE SO23 7LF | | Price | £450,000 | | Bedrooms | 2 | | Bathrooms | 2 | | Council tax | E | | Construction age | England and Wales: 2012 onwards | | Floor area | 92 m² | | Last sold | £430,000 Apr 2026 | ## EPC Rating & Upgrade Cost - **Current rating:** C - **Potential rating:** B - **Expiry date:** 25/02/2035 - **Current heating cost:** £459/year - **Est. upgrade cost to C:** £9,500 ### Recommendations - N (£4,000 - £6,000) - U (£3,500 - £5,500) [View full EPC on gov.uk](https://find-energy-certificate.service.gov.uk/energy-certificate/9035-4222-4400-0606-7222) ## Description No Onward Chain This two bedroom detached bungalow is presented to the market, with step-free access to the property. The property is very well presented throughout, and comprises a large lounge, kitchen diner which has built-in appliances and dual aspect, a master bedroom with en-suite shower, second bedroom which is also double in size and also has built-in storage and a family bathroom. The lounge and kitchen both have French doors leading out into the garden, and both kitchen and bathroom are modernised. The property has driveway parking, and the garden requires low maintenance. ## Property Photos - ![Picture No. 14](/listings/photos/158710688/1644280) - Picture No. 14 - ![Picture No. 09](/listings/photos/158710688/1644281) - Picture No. 09 - ![Picture No. 02](/listings/photos/158710688/1644282) - Picture No. 02 - ![Picture No. 18](/listings/photos/158710688/1644283) - Picture No. 18 - ![Picture No. 10](/listings/photos/158710688/1644284) - Picture No. 10 - ![Picture No. 04](/listings/photos/158710688/1644285) - Picture No. 04 - ![Picture No. 07](/listings/photos/158710688/1644286) - Picture No. 07 - ![Picture No. 06](/listings/photos/158710688/1644287) - Picture No. 06 - ![Picture No. 05](/listings/photos/158710688/1644288) - Picture No. 05 - ![Picture No. 08](/listings/photos/158710688/1644289) - Picture No. 08 - ![Picture No. 15](/listings/photos/158710688/1644290) - Picture No. 15 - ![Picture No. 16](/listings/photos/158710688/1644291) - Picture No. 16 ## Floorplans - ![Floorplan](/listings/photos/158710688/1644292) - Floorplan ## EPC Graphs - ![EPC Rating Graph](/listings/photos/158710688/1644293) - EPC Rating Graph ## Sales History *Recorded sales for this property. Data from Land Registry Price Paid.* | Address | Price | Date | Type | |---------|-------|------|------| | 137A SPRINGVALE ROAD, WINCHESTER, HAMPSHIRE, SO23 7LF | £430,000 | 10/04/2026 | Detached | ## Sold Comparables *Same street and nearby sales within 0.25 miles. Data from Land Registry Price Paid. Last 5 years.* | Address | Price | Date | Type | |---------|-------|------|------| | [Same street] BROCKLEY, 137 SPRINGVALE ROAD, WINCHESTER, HAMPSHIRE, SO23 7LF | £620,000 | 16/10/2024 | Detached | | RO-MAR-ED MORTIMER CLOSE, KINGS WORTHY, WINCHESTER, HAMPSHIRE, SO23 7QX | £900,000 | 28/07/2023 | Detached | | [Same street] 135 SPRINGVALE ROAD, WINCHESTER, HAMPSHIRE, SO23 7LF | £728,000 | 25/11/2022 | Detached | | 12 LYNN WAY, KINGS WORTHY, WINCHESTER, HAMPSHIRE, SO23 7TG | £725,000 | 02/08/2022 | Detached | | 11 MEADOWLAND, KINGS WORTHY, WINCHESTER, HAMPSHIRE, SO23 7LJ | £765,000 | 06/06/2022 | Detached | | ORCHARD HOUSE MOUNT PLEASANT, KINGS WORTHY, WINCHESTER, HAMPSHIRE, SO23 7QU | £850,000 | 26/05/2022 | Detached | | 4 BOYNE MEAD ROAD, KINGS WORTHY, WINCHESTER, HAMPSHIRE, SO23 7QZ | £675,000 | 28/03/2022 | Detached | | QUESTER MEADOWLAND, KINGS WORTHY, WINCHESTER, HAMPSHIRE, SO23 7LJ | £487,000 | 25/03/2022 | Detached | | [Same street] 236 SPRINGVALE ROAD, WINCHESTER, HAMPSHIRE, SO23 7LF | £735,189 | 27/09/2021 | Detached | **Street average:** £694,396 (3 sales) **Area average:** £733,667 (6 sales) ## Price vs local average *Outcode + property type (HousePrices, last 2 years).* - **Local average:** £734,875 (12 Detached, SO23, 2024–2026) - **Deviation:** -38.8% ## Rental Range *ONS Price Index of Private Rents (Winchester). Low / Realistic / Optimistic = conservative / average / best case.* - **Low:** £1,354/mo - **Realistic:** £1,504/mo - **Optimistic:** £1,654/mo ## LHA (Local Housing Allowance) *VOA 30th percentile rent floor for Winchester (Apr 2025 – Mar 2026).* - **LHA floor (this property size):** £1,047/mo ## Rental Comparables *Residential lets from OpenRent and Rightmove for the area (same bedroom count). Use to validate rent estimates. Student lets are excluded.* | Title | Rent | Beds | Distance | As seen on | |------|------|------|------|------| | 2 Bed Flat, Kings Worthy, SO23 | £990/mo | 2 | 0.42 miles | OpenRent | | 2 Bed Flat, Kings Worthy, SO23 | £975/mo | 2 | 0.42 miles | OpenRent | | 2 Bed Flat, Pound Road, SO23 | £1,100/mo | 2 | 0.47 miles | OpenRent | | 2 Bed Semi-Detached House, London Road, SO23 | £1,500/mo | 2 | 0.48 miles | OpenRent | | 2 Bed Maisonette, The Pastures, SO23 | £1,375/mo | 2 | 0.87 miles | OpenRent | **Average rent: £1,188/mo (5 listings)** ## 1% Rule - **Rent ratio:** 0.24% (weak for cashflow) - **Max investor price (0.8%):** £137,500 - **Target investor price (1%):** £110,000 *Monthly rent ÷ price. 1%+ = strong, 0.8–1% = okay, <0.8% = weak. Max investor price = rent ÷ 0.8% (Stoke-style target). Target investor price = rent ÷ 1% (strong cashflow band). Based on OpenRent comparables.* ## Rent-driven metrics *Based on OpenRent comparables (median £1,100/mo).* - **Gross yield:** 2.9% - **Cost-to-rent:** 34.1× - **Monthly cashflow:** £-807/mo (75% LTV, 3.95% APR (5yr fixed), 25yr term) - **Cash-on-cash ROI:** -7.4% *Gross yield = annual rent as % of price (no costs). Cost-to-rent = price ÷ annual rent (from OpenRent comparables); under 14× = strong, 14–16× = acceptable, 17×+ = compressed. Cashflow = rent − mortgage − 10% maintenance − £25/mo compliance; assumes 75% LTV, 3.95% APR (5yr fixed), 25yr term. ROI = annual profit ÷ cash in (deposit + 4% purchase costs).* ## Price per Square Metre - **£/m²:** £4,891/m² ## Capital growth trend *Land Registry outcode average from sold prices: last 12 months vs 5y and 10y ago.* - **5y growth:** -25.9% - **10y growth:** 0.3% ## House Price Index (HM Land Registry) *Official index for Winchester; Detached series; as of April 2026.* - **1y growth (index):** -0.8% - **5y growth (index):** 11.4% - **10y growth (index):** 16.5% ## Flood risk - **Zone:** 1 - **Risk:** Low - **Source:** Job (default Low) [Check long-term flood risk (GOV.UK)](https://check-long-term-flood-risk.service.gov.uk/postcode)