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Mill Lane, Fareham, Hampshire, PO15 - Image 1
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Mill Lane, Fareham, Hampshire, PO15

South East

£2,885,000
Listed on 31/12/2025

Property Details

Bedrooms
7
Type
Detached house
Area
4809 sqft

Description

Drove Lea Farm presents a unique opportunity for potential investors and renovators, situated on approximately 7.50 acres in the picturesque Meon Valley near Titchfield Abbey. This character-rich property, dating back to the late 1800s and formerly part of the historic Titchfield Abbey Estate, boasts a significant amount of space with both residential and commercial potential. The main house, offering around 4,890 square feet of living area, features charming Victorian elements and accommodates seven bedrooms, making it ideal for a family home or guest accommodations with some refurbishment. The additional structures encompass over 5,800 square feet of storage and commercial space currently utilized for various income-generating activities such as a caravan site, shepherd's hut rental, and wood chipping business. With multiple existing revenue streams already established—including anticipated earnings from camping fees and rented units—there is substantial scope for expanding these ventures or repurposing buildings with appropriate planning permissions. The peaceful surroundings also provide an inviting atmosphere for leisure businesses like glamping or eco-tourism initiatives. Prospective buyers will find that while some cosmetic updates may be needed along with structural enhancements in certain areas—especially to the outbuildings—the property's foundations are solidly set within a vibrant community enriched by historical significance. This location offers proximity to major transport links while maintaining its rural charm, making it an attractive prospect for those looking to invest or renovate.

Investment Analysis

(PO15 area)

Above Market Value

This property is priced +63.4% above area average per sq ft

+63.4%
This Property
£600/sq ft
Area Average
£367/sq ft
Avg Rent (weekly)
£337
Avg Yield
4.7%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£150,000 - £250,000
Target Value
£1,942,716
10% above area average per sq ft
Potential ROI
-38.0%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
22
Average per month
Market Turnover
11%
Properties sold annually

Local Market Trend (PO15)

Area prices are falling by +4.3% over the last 12 months
3 year growth: -7.0%
5 year growth: 11.6%
Investment Disclaimer: Analysis based on PO15 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

Mill Lane, Fareham, Hampshire, PO15
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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
£10,568
Based on a loan of £2,163,750 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