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Upper Street, Fleet, Hampshire, GU51

South East

£240,000
Listed on 13/02/2025

Property Details

Bedrooms
N/A
Type
Detached house

Description

This property presents a unique opportunity for investors looking to capitalize on its potential for residential conversion, subject to the necessary planning approvals. Currently vacant and leasehold, the premises offer approximately 1,758 sq. ft. of space, encompassing both ground and first-floor offices—793 sq. ft. and 965 sq. ft., respectively. The strategic location in Fleet's town center enhances its appeal, providing convenient access to local amenities and transport links. The mainline railway station is just over a mile away, making it an attractive option for commuters, while Junction 4a of the M3 is only a short drive from the property. Fleet itself features a good mix of commercial and residential properties, including a shopping center, diverse dining options, and various community activities throughout the year. Parking is available with one designated space for the first-floor office, adding to the functionality of the space. The energy rating for both levels stands at D, reflecting basic efficiency standards yet leaving room for improvements through potential renovations. With approximately 980 years remaining on the long lease, this property allows for substantial flexibility in terms of future development or investment strategies. Interested parties should verify details with their solicitor regarding ground rent and other specifics before proceeding with any acquisition plans. Overall, this presents an excellent canvas for those keen on enhancing value through strategic renovation or redevelopment efforts in a thriving location.

Investment Analysis

(GU51 area)
Area Average
£436/sq ft
Avg Rent (weekly)
£313
Avg Yield
3.5%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£50,000 - £100,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
27
Average per month
Market Turnover
16%
Properties sold annually

Local Market Trend (GU51)

Area prices are stable by +0.3% over the last 12 months
3 year growth: 4.6%
5 year growth: 1.6%
Investment Disclaimer: Analysis based on GU51 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

Upper Street, Fleet, Hampshire, GU51
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£879
Based on a loan of £180,000 over 30 years at 4.19% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE