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Fareham Park Road, Fareham, Hampshire, PO15

South East

£500,000

Listed on 10/06/2026

Property Details

Bedrooms
3
Type
Bungalow
Area
1511 sqft

Description

This three-bedroom detached bungalow presents a unique opportunity for both renovation enthusiasts and investors. Situated on an unusually large plot, the property comes with approved planning permission to demolish and construct four new homes, offering significant redevelopment potential. Upon entering through the double-glazed porch, you are greeted by a hallway that leads to spacious living areas, including three generous bedrooms, an open-plan kitchen/diner, a lounge, and a modern shower room. Although the interior would benefit from some updating, it serves as a blank canvas for further expansion or redevelopment. The outdoor space features a wrap-around garden and ample parking with a tarmac driveway leading to two garages. The landscaped garden is equipped with mature vegetation and offers potential for enhancement or outdoor living spaces.

Investment Analysis

(PO15 area)

Below Market Value

This property is priced -10.7% below area average per sq ft

-10.7%
Potential saving
This Property
£331/sq ft
Area Average
£370/sq ft
Avg Rent (weekly)
£331
Avg Yield
4.8%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£30,000 - £50,000
Target Value
£615,559
10% above area average per sq ft
Potential ROI
+11.9%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
27
Average per month
Market Turnover
11%
Properties sold annually

Local Market Trend (PO15)

Area prices are falling by -3.7% over the last 12 months
3 year growth: -8.4%
5 year growth: +4.6%
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

Fareham Park Road, Fareham, Hampshire, PO15
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£1,889
Based on a loan of £375,000 over 30 years at 4.45% 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.

Stamp Duty Calculator

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