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Southmead Road, Fareham, Hampshire, PO15 - Image 1
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Southmead Road, Fareham, Hampshire, PO15

South East

£270,000
Listed on 21/10/2025

Property Details

Bedrooms
2
Type
Detached house
Area
674 sqft

Description

This semi-detached bungalow presents a promising opportunity for renovation and investment in a desirable neighborhood. Set on a generous plot, the property is being offered with no onward chain, making it an attractive option for those looking to transform a space into their ideal home or investment. Entering through the porch, you are welcomed into a hallway that connects to the main living areas. The layout includes two well-proportioned bedrooms situated at the front of the bungalow, providing ample natural light and potential for reconfiguration if desired. At the rear, the spacious lounge features direct access to the garden, creating a seamless indoor-outdoor flow that could be enhanced with modern updates. Adjacent to the lounge is a functional kitchen that leads into a lean-to conservatory, offering additional space that could be repurposed as desired. A wet room adds convenience but also presents an opportunity for modernization in alignment with contemporary standards. The exterior features a driveway providing off-road parking alongside a pathway leading to the entrance. The front garden is landscaped with mature shrubs and trees, while side access opens up to a sizable rear garden filled with established greenery—a perfect canvas for landscaping or outdoor entertaining. This property not only offers immediate living arrangements but also significant potential for enhancement through renovations. With its favorable location and expansive outdoor space, it holds great appeal for investors or homeowners seeking to increase their equity through thoughtful improvements.

Investment Analysis

(PO15 area)

Above Market Value

This property is priced +9.1% above area average per sq ft

+9.1%
This Property
£401/sq ft
Area Average
£367/sq ft
Avg Rent (weekly)
£337
Avg Yield
4.7%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£50,000 - £80,000
Target Value
£272,279
10% above area average per sq ft
Potential ROI
-22.2%
After renovation
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

Southmead Road, Fareham, Hampshire, PO15
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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
£989
Based on a loan of £202,500 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