Giles Wheeler-Bennett says ..

Property Oracle says ..

This property presents a unique opportunity for a developer or investor seeking a substantial landholding with development potential. Located in Fareham, Hampshire, near Titchfield, the 3.22-acre site includes extensive glasshouses, agricultural buildings, and pasture land. There is existing planning permission for residential conversion (Class Q) for two buildings.

The property’s location is a key strength. While semi-rural, it’s within reasonable proximity to Titchfield and its amenities, with some well-rated schools within walking distance or a short drive. Rail links at Fareham provide access to broader transportation networks. However, buyers should be aware that the property requires extensive renovation or redevelopment. The existing structures are in poor condition; the glasshouses and outbuildings appear dilapidated, needing significant repairs or complete replacement. Images show overgrown vegetation and general signs of neglect.

The asking price of £715,000 reflects the substantial land size and the development opportunity. However, the cost of bringing the existing buildings up to code, or the cost of demolition and reconstruction, will add significantly to the overall project cost. For a buyer to view this as good value, a clear budget for refurbishment or new construction is essential. The current lack of residential accommodation (zero bedrooms and bathrooms) is an important consideration, but the potential residential use is outlined with the Class Q planning consent. This makes it attractive to someone with renovation experience and the financial means to undertake such a project. It is worth considering this listing alongside the individual lot listings for a complete understanding of the site value breakdown.

Therefore, we give this property 6 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

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