Giles Wheeler-Bennett says ..

Property Oracle says ..

This property presents a unique investment opportunity in a semi-rural location near Titchfield, Hampshire. The main asset is the substantial 1.54-acre plot, offering significant potential for various uses, including potential redevelopment. The current structures on the land consist of extensive greenhouses, which, from the photographs, appear to be in need of substantial repair or demolition. The site benefits from good transport links to Fareham and its railway station, while several schools are within a reasonable distance.

The listed price of £155,000 might be considered competitive in comparison with similar land plots in the vicinity. This should be seen as the price for the land, not the existing structures. The significant costs associated with the refurbishment, repurposing, or demolition of the existing greenhouses must be factored into any investment appraisal. The potential return will depend entirely on planning permission and the chosen end use.

Potential buyers should carefully investigate all necessary permissions and carry out thorough due diligence, including cost assessments for potential development scenarios, to make an informed decision. The land presents good potential if development plans are approved, but the significant initial investment required should be carefully considered.

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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