A house in New Milton, New Forest is on sale for £1 as a renovation project, offering redevelopment potential.
You enter into a hall with timber-look floors. There’s a sitting/dining room with a big bay window letting in light. It also has a ground floor bedroom, where the timber-look flooring continues. The shower room has a toilet, sink, shower and is fitted with a white suite. Tiles cover the shower area.
Upstairs, the sitting/dining room has a great view. The large bay window overlooks a bowling green. The kitchen has limited cabinet space. Next to it sits a double bedroom with built-in storage. There is also a bathroom on that floor.
Mitchells is selling this £1 home on Rightmove. The listing calls it a project needing either renovation or redevelopment. They see great possibility for redesign or rebuilding.
The property needs complete work. It’s in a prime spot in New Milton, and the sale offers no forward chain. A garage and storeroom are in back, and it also includes a small private garden. Offers must arrive by midday March 31, 2025.
Statistics show average house prices in the New Forest averaged £389,000 in December 2024. Prices decreased slightly from £394,000, the December 2023 average, a drop of 1.3%.
First-time buyers will likely pay £298,000, which matches the December 2023 average. Rent averaged £1,195 monthly in the New Forest during January 2025. Rent rose from £1,113 in January 2024, about a 7.4% increase.
In southeast England, house prices averaged £384,000 in December 2024. It’s more than the year before, £368,000.
Across Great Britain, houses sold for £271,000. This average was for December 2024, and prices rose from £259,000 in December 2023.