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West Street, Fareham, Hampshire, PO16

South East

£145,000
Listed on 10/11/2025

Property Details

Bedrooms
3
Type
Flat
Area
742 sqft

Description

This three-bedroom duplex maisonette, set in the town centre, provides approximately 740 sq ft of living space, making it a rare find for those looking to invest in a project. Situated just 600 metres from the train station and 800 metres from the bus station, the location is particularly advantageous for commuters and those who appreciate accessibility. The layout spans two floors and includes a separate kitchen, a family bathroom, and an outdoor terrace—a feature that enhances the property's appeal. Having previously served as a rental property, the space is now ready for refurbishment, offering buyers significant potential to update and modernize according to their vision. This presents an ideal opportunity for investors or first-time buyers eager to create value through thoughtful renovations. Fareham itself benefits from its prime position between Southampton and Portsmouth, combining coastal charm with essential amenities. Residents enjoy access to various local facilities such as well-regarded schools, independent shops, supermarkets, and recreational options. The historic town centre features an array of cafés and restaurants alongside a bustling shopping precinct. Outdoor enthusiasts will appreciate proximity to Portchester Castle and scenic areas along the Solent coastline. Furthermore, Fareham is well-connected by direct rail services to London and surrounding cities while being conveniently close to the M27 motorway for those preferring road travel. The area also has reliable local bus routes and is merely a short drive from Southampton Airport. With its strong community atmosphere and diverse property styles, this maisonette not only embodies substantial renovation potential but also offers a promising investment in an increasingly desirable location on the South Coast.

Investment Analysis

(PO16 area)

Below Market Value

This property is priced -43.5% below area average per sq ft

-43.5%
Potential saving
This Property
£195/sq ft
Area Average
£346/sq ft
Avg Rent (weekly)
£284
Avg Yield
4.3%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£282,487
10% above area average per sq ft
Potential ROI
+52.7%
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

West Street, Fareham, Hampshire, PO16
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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
£531
Based on a loan of £108,750 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