Sold STC Detached

SLATE COTTAGE

WAINSFORD ROAD, LYMINGTON, PENNINGTON, HAMPSHIRE SO41 8LB

5 beds 3 baths 2,411 sq ft Listed 25 Jul 2023 (-1035d)

£1,290,000

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Property details

Tenure

FREEHOLD

Floor area

224 m²

EPC rating

D

Year built

England and Wales: 1967-1975

Last sold

£758,500 Jun 2017

Price per m²

£5,759/m²

Local average

£826,237 (+56.1%)

Deprivation

Decile 9 (30,185 of 33,755)

Street crime

31 incidents within 1 mile (Mar 2026)

Key features

  • Intriguing detached house with five bedrooms
  • Large first floor sitting room with roof terrace
  • Approximately 1.3 acres with private front and rear gardens & paddock to the rear
  • Ample off-road parking & double garage
  • Impressive dining hall
  • Kitchen/breakfast room
  • Ground floor bathroom & further shower room
  • Glazed walkway leading to the family room/further ground floor bedroom
  • En suite shower room to the first floor main bedroom
  • Within easy reach of the nature walks of Pennington Common, shops & Lymington town

Additional details

Parking
Yes
Garden
Yes

Description

Immerse yourself in the tranquillity of 'Slate Cottage'.

This intriguing and unique detached house designed by local mid century architect Malcolm Macdonald offers versatile and spacious accommodation including five bedrooms, an impressive dining hall and a large first floor sitting room with roof terrace. The property occupies approximately 1.3 acres including front and rear gardens, ample off-road parking with a double garage and a paddock.

The covered entrance porch with step and front door leads into the spacious entrance hall where there is a useful cloaks cupboard and a utility room which has a sink, space/plumbing for a washing machine and tumble dryer. An inner glass door then leads through to the large dining hall which has a further door leading to the ground floor bedrooms as well as the bathroom which comprises a double ended bath, WC and wash basin. There is also a shower room here which is fitted with a shower enclosure, WC and wash basin. Back in the dining hall, two steps lead down to an interesting glazed walkway leads to the family room/further bedroom which is fitted with a wood burning stove and has French doors leading out onto the main rear garden. This is the original building that was on the land before the development of the main house, known to the current owners as the den/snug - formerly the artists studio. There is also a small useful dressing/play room or study. The kitchen/breakfast room is fitted with a modern range of floor and wall mounted units with ample worktops incorporating a ceramic sink with mixer taps, integrated Neff five ring hob and Neff double oven, space for a dishwasher and space for a fridge/freezer. Double doors open out onto the front enclosed garden. The wall mounted Worcester gas fired boiler provides domestic hot water and central heating. From the dining hall, the staircase leads up to the fabulous first floor sitting room which is open up to the eaves and has stripped wood floor and a feature wood burning stove. French doors open onto the roof terrace which enjoys a lovely rural outlook over the garden and the fields and woods beyond. Leading off from the sitting room are two further bedrooms, one of which benefits from an en suite shower room which comprises a shower enclosure, wash basin and WC, as well as an airing cupboard which houses the hot water tank.

Outside, the property is approached from the quiet and leafy country lane of Wainsford Road via a five bar gate which leads to the large gravel drive and double garage. There is an area of lawn to the front and a patio which leads off from the kitchen. To the rear, the private garden is mainly laid to lawn and enjoys a pleasant outlook over adjoining fields and woods to the rear. There are two useful garden sheds, as well as a sheltered BBQ area and a five bar gate gives access to the paddock.

ABOUT SLATE COTTAGE
Slate Cottage was designed by local mid century architect Malcolm Macdonald and constructed in 1968. Originally an artist studio, now what is known as the downstairs snug, the house was designed as a spur off from the small original building via the glass corridor into what is now the two storey main house. In recent years, Slate Cottage has featured on design websites and been used in photoshoots and is now a stylish home with versatile open spaces inside and out.

SERVICES
Mains water, electricity and gas are connected to the property. Drainage is to a private system.

TAX BAND
G

EPC RATING
E

Listed by

Lymington

Caldwells Estate Agents

Reference: 137868326

EPC Rating & Upgrade Cost

Current rating: D

Potential rating: B

Inspection date: 24/05/2024

Current heating cost: £3,383/year

Potential heating cost: £2,155/year

Est. upgrade cost to C: £36,675

Recommendations

  • Flat roof or sloping ceiling insulation (£850 - £1,500)
  • Cavity wall insulation (£500 - £1,500)
  • Floor insulation (solid floor) (£4,000 - £6,000)
  • Solar water heating (£4,000 - £6,000)
  • Solar photovoltaic panels, 2.5 kWp (£3,500 - £5,500)
  • Wind turbine (£15,000 - £25,000)

View full EPC on gov.uk

Flood risk

Zone: 1

Risk: Low

Job (default Low)

Floorplans

Floorplan 1

Floorplan 1

Price history

420% since 1996

Event Date Price % change
Sold 30/06/2017 (8 years ago) £758,500 +37.9%
Sold 31/10/2003 (22 years ago) £550,000 +61.8%
Sold 18/04/2001 (25 years ago) £340,000 +132.9%
Sold 17/04/1996 (30 years ago) £146,000

Source: HM Land Registry Price Paid Data. Crown copyright.

Sold Comparables

Same street and nearby sales within 0.25 miles (last 5 years). Data from Land Registry Price Paid.

Address Price Date Type
Same street RAVENWOOLFE LTD WAINSFORD ROAD, PENNINGTON, LYMINGTON, NEW FOREST, HAMPSHIRE, SO41 8LB £180,000 06/07/2023 Other
5 HAZEL ROAD, PENNINGTON, LYMINGTON, NEW FOREST, HAMPSHIRE, SO41 8GR £450,000 22/07/2022 Detached
12 RAMLEY ROAD, PENNINGTON, LYMINGTON, NEW FOREST, HAMPSHIRE, SO41 8GQ £800,000 07/04/2022 Detached
18 HAZEL ROAD, PENNINGTON, LYMINGTON, NEW FOREST, HAMPSHIRE, SO41 8GS £635,000 10/12/2021 Detached

Street average: £180,000 (1 sale)

Area average: £628,333 (3 sales)

Capital growth trend

Land Registry outcode average: last 12 months vs 5y and 10y ago (from sold prices).

5y growth 15.3%
10y growth 37.4%

House Price Index (HM Land Registry — official index, not sold-price averages): New Forest. Series: Detached. As of February 2026.

1y (index) -0.4%
5y (index) 8%
10y (index) 27%

Rental Range

Estimated market rent for New Forest. Low = conservative, Realistic = average, Optimistic = best case.

Low £1,113/mo
Realistic £1,237/mo
Optimistic £1,361/mo

Based on Local Authority from postcode lookup → New Forest.

LHA (30th percentile) floor for Southampton: £1,446/mo (Apr 2025 – Mar 2026)

Location

Nearby

Nearest stations, universities and amenities (distance from property).

Type Name Distance
Bus stop Middle Common Road 0.3 miles
Bus stop Hazel Road 0.3 miles
Shop One Stop 0.6 miles
Shop Roundhouse Barbers 1.2 miles
Hospital Lymington New Forest Hospital 1.6 miles
Train station Lymington Town 1.7 miles
Train station Lymington Pier 2.0 miles
Hospital Christchurch Hospital 9.5 miles
University Health Services University 11.3 miles

Street-level crime

Category Count
Violence and sexual offences 17
Criminal damage and arson 5
Anti-social behaviour 2
Other theft 2
Public order 2
Bicycle theft 1
Other crime 1
Shoplifting 1
Total incidents 31

Within 1 mile during Mar 2026. Source: data.police.uk (England & Wales).

Schools nearby

Nearest open schools with Ofsted ratings (England). Closed schools are not shown. Data from Get Information about Schools and Ofsted.

Name Type Distance Ofsted
Our Lady and St Joseph Catholic Primary School - the Learning Federation Partnership of Schools Primary 0.3 miles Outstanding — 12 Jan 2023
Pennington Infant School Primary 0.8 miles Good — 11 Dec 2022
Pennington Church of England Junior School Primary 0.8 miles Good — 28 Feb 2024
Priestlands School Secondary 0.9 miles Good — 21 Jun 2012
Lymington Junior School Primary 1.2 miles Good — 24 Apr 2014

Rental Comparables

Rental listings exist nearby, but none matched the 5-bedroom estimate from EPC for this property.

Rent-driven metrics

Based on Area rent estimate.

Rent ratio 0.1%
Max investor price (0.8%) £154,625
Target investor price (1%) £123,700
  • Rent ratio — Monthly rent ÷ purchase price (1% rule). 1%+ = strong, 0.8–1% = okay, <0.8% = weak for cashflow.
  • Max investor price — Rent ÷ 0.8%; the price at which rent would be 0.8% of price (Stoke-style target).
  • Target investor price — Rent ÷ 1%; the price at which rent would be 1% of price (strong cashflow band).
  • Gross yield — Annual rent as % of purchase price (no costs).