Giles Wheeler-Bennett says ..

Property Oracle says ..

This property is a 3.22-acre smallholding located in Fareham, Hampshire, listed at £715,000. The site comprises extensive glasshouse structures, agricultural buildings, and pasture/amenity land. The main focus of the property is the large amount of land available; however, the existing buildings are in a state of disrepair, requiring substantial renovation or redevelopment. The listing highlights a Class Q residential consent on two buildings (66m² & 73m²), offering potential for conversion to residential use which is an opportunity for the buyer.

The property’s location in Fareham, near Titchfield, offers proximity to local amenities and transport links, primarily train stations, with the closest being Swanwick (3.71 KM). The availability of several well-regarded primary schools within a radius of roughly 2 KM is an additional positive for families. However, the actual property’s situation on Brownwich Lane suggests a level of isolation.

The photos clearly show the poor condition of many existing buildings; this involves both structural integrity and general upkeep. Several buildings show signs of age, damage, and significant ivy growth. The glasshouse structures also exhibit signs of significant wear and tear, with evidence of broken and missing panes and damaged roofing. This indicates a considerable financial investment will be necessary for renovation or replacement.

Considering nearby property listings, the £715,000 list price represents a balance between land value and the need for extensive refurbishment or redevelopment. The price may be justifiable when considering the land as development land and the Class Q conversion rights. However, the costs associated with bringing the existing structures up to a habitable standard would likely significantly impact a buyer’s overall investment and need to be accounted for in the purchase price. Overall, the property is a unique opportunity for an individual or company willing to invest time, money, and effort in renovating or rebuilding upon a sizeable plot of land with potential to convert some of the existing buildings for living or business use. Due diligence on costs and obtaining relevant planning permissions before making any offer is recommended. This is very much a fixer-upper opportunity and more detailed on-site surveys are recommended.

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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