Giles Wheeler-Bennett says ..

Property Oracle says ..

This property presents a unique opportunity in the Fareham, Hampshire area. The significant land area of approximately 3.22 acres is its main selling point. It comprises several glasshouses, agricultural buildings, and pastureland. However, prospective buyers should be prepared for substantial work. The existing structures appear to be in a state of disrepair and will require considerable investment to restore them to a habitable condition. The listing mentions Class Q residential consent on two of the buildings which allows conversion into a dwelling, but any additional building works would be subject to planning permission. While the location benefits from proximity to both Titchfield and the coast, it is worth noting that the immediate surrounding area is largely agricultural. This means that day-to-day shopping and amenities would require a short journey to reach. The property’s price sits in the middle ground of the local market. Similar properties in the area have sold for a range of prices; with some higher priced and better presented. The considerable land and potential for development must be carefully weighted against the renovation costs and potential planning hurdles to arrive at a fair assessment of value. For investors or those seeking a project, this may be an interesting purchase. Buyers should conduct a thorough survey and appraisal to determine the full extent of required works and associated costs. This property’s value will greatly depend upon the success of any redevelopment plans. This will also depend upon local planning restrictions and approval processes.

Therefore, we give this property 6 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

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