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Newgate Lane, Fareham, PO14

South East

£700,000
Listed on 23/11/2025

Property Details

Bedrooms
4
Type
Detached house

Description

This property presents a distinctive opportunity for an investor or developer looking to embark on a small-scale development project. The existing house comes with approved planning permission for the construction of three detached four-bedroom homes, offering considerable potential for transformation and profit. Interested parties are encouraged to consult the Fareham Borough Council’s planning portal (reference P/23/1104/FP) for comprehensive details regarding this approval and its stipulations. The site features a hardstanding area bordered by mature conifer trees, providing privacy from adjacent properties. Notably, due to the lack of mains drainage in the vicinity, the installation of treatment plants will be necessary to manage wastewater disposal effectively. However, essential utilities including gas, water, and electricity are readily available. As part of the development plan, all current outbuildings will need to be demolished, aligning with the conditions laid out by local authorities. It is important to note that this development must commence prior to September 18th, 2026. Located conveniently with easy access to major routes such as the M/A27 and various amenities including Fareham Shopping Centre and local schools, this plot promises not only comfortable living but also an appealing investment prospect surrounded by picturesque countryside.

Investment Analysis

(PO14 area)
Area Average
£372/sq ft
Avg Rent (weekly)
£304
Avg Yield
4.2%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£150,000 - £250,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
37
Average per month
Market Turnover
42%
Properties sold annually

Local Market Trend (PO14)

Area prices are falling by -5.6% over the last 12 months
3 year growth: -4.0%
5 year growth: +10.1%
Investment Disclaimer: Analysis based on PO14 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

Newgate Lane, Fareham, PO14
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£2,525
Based on a loan of £525,000 over 30 years at 4.06% 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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