Marina Grove, Portchester, Fareham

This three-bedroom semi-detached home offers a generous plot size and significant potential for development, particularly with the expansive rear garden that benefits from side access. While the property requires modernisation, the scope for extension and personalisation makes it an exciting project for buyers looking to create their ideal family home. The dated interiors, including the kitchen and bathroom, present clear opportunities for improvement and updating to meet modern standards.

However, the asking price of £400,000, translating to £387/sqf, is above the local average of £349/sqf, which limits the overall value proposition. Additionally, when factoring in the renovation costs estimated between £60,000 to £80,000, the all-in costs stretch beyond local benchmarks for similar properties, suggesting a challenging economic margin. Buyers should be prepared for the financial implications of bringing this home up to date while capitalising on its potential.