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Palmyra Road, Gosport

South East

£246,000
Listed on 02/05/2026

Property Details

Bedrooms
3
Type
Terraced
Area
944 sqft

Description

This three-bedroom family residence, situated in the sought-after Elson area, presents an appealing opportunity for buyers with a vision for renovation. Offered with no onward chain, the home features a blend of traditional separate living spaces and contemporary potential, thanks to already approved plans for a spacious open-plan kitchen and family area. The entrance hall leads into a front-facing lounge and a dining room that connects to the kitchen, which is part of an extension and lends itself well to further enhancement. A generous utility room and a sunroom/lean-to provide additional versatile living space that can be reimagined to suit modern needs. On the upper floor, this property boasts three well-sized bedrooms complemented by a family bathroom. The exterior offers a sunny southerly-facing rear garden for outdoor enjoyment throughout the day, along with hardstanding off-road parking and a garage. While some updating is required to bring the interiors up to date, this home offers significant scope for improvement and value addition—a perfect choice for families or investors eager to customise their living environment.

Investment Analysis

(PO12 area)

Below Market Value

This property is priced -7.6% below area average per sq ft

-7.6%
Potential saving
This Property
£261/sq ft
Area Average
£282/sq ft
Avg Rent (weekly)
£252
Avg Yield
4.9%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£20,000 - £35,000
Target Value
£292,725
10% above area average per sq ft
Potential ROI
+4.2%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
54
Average per month
Market Turnover
12%
Properties sold annually

Local Market Trend (PO12)

Area prices are stable by -0.9% over the last 12 months
3 year growth: -4.2%
5 year growth: +10.1%
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

Palmyra Road, Gosport
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.97%

Current average variable rate is 6.59%

Monthly Repayments
£878
Based on a loan of £184,500 over 30 years at 3.97% 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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