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Redlands Lane, Fareham, Hampshire

South East

£290,000
Listed on 04/10/2025

Property Details

Bedrooms
3
Type
Terraced house
Area
1116 sqft

Description

This three-bedroom mid-terraced home presents a significant opportunity for renovation and investment, situated in a desirable area known for its access to the well-regarded Redlands School catchment. Its location makes it particularly appealing for families and first-time buyers aiming to establish roots in a vibrant community. The property features a spacious ground floor with a comfortable living area that flows into a bright kitchen/dining space, perfect for redesigning to fit contemporary tastes or expanding the layout. A convenient downstairs W/C enhances functionality for everyday living. Upstairs, the three generously sized bedrooms offer flexibility, whether as sleeping quarters or potential home office spaces. The large rear garden provides ample outdoor space with possibilities for landscaping and gardening projects. This feature allows new owners to create an outdoor retreat or play area while considering future enhancements. Additionally, the driveway and garage add value by providing essential off-road parking and extra storage options. While the home is currently move-in ready, it also presents exciting potential for customization and expansion (subject to planning permissions). With thoughtful renovations, this property could greatly increase in value over time, making it an intelligent investment choice. The combination of location benefits and possibilities for improvement creates an attractive package for anyone looking to make their mark on a family-friendly home.

Investment Analysis

(PO16 area)

Below Market Value

This property is priced -24.9% below area average per sq ft

-24.9%
Potential saving
This Property
£260/sq ft
Area Average
£346/sq ft
Avg Rent (weekly)
£284
Avg Yield
4.3%

Renovation Potential

Light Refurb
Est. Renovation Cost
£8,000 - £15,000
Target Value
£424,872
10% above area average per sq ft
Potential ROI
+39.3%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
41
Average per month
Market Turnover
23%
Properties sold annually

Local Market Trend (PO16)

Area prices are rising by +6.0% over the last 12 months
3 year growth: 5.1%
5 year growth: 16.6%
Investment Disclaimer: Analysis based on PO16 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

Redlands Lane, Fareham, Hampshire
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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
£1,062
Based on a loan of £217,500 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