The list price of £150,000 seems moderately reasonable, considering its location in Lee-on-the-Solent and its 700 sqft size. However, the required renovations and the lack of land significantly affect its value. The price may be justified if the redevelopment potential is significant, which needs verification. Nearby property prices, although lacking detailed sqft data, show some variance and don’t provide a definitive price benchmark.

Based on the photographs, the property’s exterior appears to be in reasonable condition, although some minor maintenance may be required. The interior images, however, show evidence of previous commercial use and suggest the property requires some renovation and refurbishment to reach a habitable standard for residential use. This makes the overall condition rating moderate.

The property is located on High Street in Lee-on-the-Solent, a town with good amenities and proximity to the coast. The presence of nearby schools, albeit requiring improvement in one case, and relatively close access to transport links to Fareham and Ryde contributes to a positive location score. However, the specific location within Windy Alley is not clarified, and this could impact livability.

The property description specifies a plot size of 0.00 sqft, indicating there is virtually no garden or land associated with the property. This is a significant drawback in the UK property market where outdoor space is often highly valued.