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Shannon Close, Fareham, Hampshire

South East

£240,000
Listed on 04/10/2025

Property Details

Bedrooms
3
Type
Terraced house

Description

This three-bedroom terraced house offers a solid foundation for renovation and investment, with the added advantage of no onward chain. Conveniently located near robust public transport links, local shops, and inviting green spaces, this property is ideally suited for first-time buyers or investors looking for a project with strong potential. Inside, the bright reception room features elegant wood flooring and provides direct access to the private rear garden, creating an appealing space for both relaxation and entertaining. The kitchen is spacious and filled with natural light, boasting wood countertops and enough dining area to foster a welcoming atmosphere for family meals. The first floor comprises two well-sized double bedrooms, one of which includes built-in wardrobes to maximize storage. A third single bedroom could serve as an office or children's room. The bathroom comes with built-in storage and presents an opportunity for modernization while still offering practicality. The outdoor space is private and has the potential for landscaping or simply enjoying the fresh air. With an EPC rating of C and categorized under council tax band B, this property not only presents a potential renovation project but also reflects affordability in the current market. Overall, this home is perfect for those wishing to customize their living space while taking advantage of its favorable location near essential amenities and recreational areas. Early viewings are encouraged to truly appreciate the character and investment prospects that this property holds.

Investment Analysis

(PO15 area)
Area Average
£367/sq ft
Avg Rent (weekly)
£337
Avg Yield
4.7%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£20,000 - £40,000
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

Shannon Close, 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
£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