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Mayfield Road, Gosport

South East

£179,950
Listed on 04/10/2025

Property Details

Bedrooms
2
Type
Terraced house

Description

This two-bedroom house presents an excellent opportunity for renovation and investment. With two reception rooms, the property offers a solid foundation to create a comfortable living space that reflects modern tastes. While it does require some updating, it features PVCu double glazing throughout and a gas central heating system, which are beneficial elements for energy efficiency. The layout includes a lounge with a well-proportioned window offering natural light, leading into the dining room that welcomes additional versatility. The adjoining kitchen provides ample potential for reconfiguration or enhancement, with existing plumbing for a dishwasher and space for essential appliances, ensuring that it can be tailored to meet personal preferences. Upstairs, the property accommodates two spacious bedrooms with good-sized windows offering views of the surrounding area. There is also convenient access to the loft space, allowing for additional storage or even future expansion possibilities. The outdoor area includes a front forecourt and a rear garden with established borders, patio space, and hardstanding for vehicle parking—features that can be cultivated further to enhance outdoor living or increase property value. Additionally, plans are in place to install new fence panels on the lawned section to define boundaries more clearly. Situated near Workhouse Lake, residents will enjoy scenic views along with opportunities for leisure activities nearby. This property is free from forward chain complications, making it an attractive prospect for those looking to invest in a home with considerable renovation potential in this desirable location. With mains gas, electric, water, and sewage connections already in place, essential infrastructure is readily available for any updates planned by future owners.

Investment Analysis

(PO12 area)
Area Average
£283/sq ft
Avg Rent (weekly)
£273
Avg Yield
5.5%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £25,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
53
Average per month
Market Turnover
15%
Properties sold annually

Local Market Trend (PO12)

Area prices are rising by +3.2% over the last 12 months
3 year growth: -0.6%
5 year growth: 13.8%
Investment Disclaimer: Analysis based on PO12 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

Mayfield Road, Gosport
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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
£659
Based on a loan of £134,962 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