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Murray Close, FAREHAM

South East

£250,000
Listed on 20/10/2025

Property Details

Bedrooms
4
Type
Detached house

Description

Nestled in a tranquil cul-de-sac on Murray Close, this four-bedroom detached home offers an excellent canvas for renovation and investment. With ample space throughout, the property stands as a solid foundation for those looking to customize and modernize to their taste. The exterior features a private driveway and garage, which provide not only parking but also additional storage options. Inside, the layout comprises a spacious lounge illuminated by natural light, a separate dining room ideal for family gatherings, and a functional downstairs cloakroom that enhances everyday living. Moving upstairs, you will find four generously sized bedrooms alongside a family bathroom, making it suitable for growing families or as an investment property catering to tenants. Each room's dimensions present opportunities for reconfiguration or modernization. The private rear garden adds further appeal, offering a peaceful retreat for relaxation or outdoor activities. While the home would benefit from updating, it is structurally sound and ready for transformation—allowing new owners to create spaces that reflect their personal style. Located conveniently close to local schools, shopping centers, and transport links, this property not only promises potential livability but also represents an opportunity to enhance value over time through strategic renovations. For those seeking a detached family home with plenty of possibilities in Fareham, this property is well worth considering.

Investment Analysis

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

Renovation Potential

Medium Refurb
Est. Renovation Cost
£30,000 - £60,000
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

Murray Close, FAREHAM
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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
£916
Based on a loan of £187,500 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