Fox & Sons says ..

Property Oracle says ..

This property on Park Avenue, Waterlooville presents a unique opportunity, combining residential and commercial elements. The building currently houses a convenience store, ‘Debbens,’ which adds a potential income stream. The residential portion boasts 5 bedrooms and 3 bathrooms. The photographs however, reveal a property that requires significant modernisation and renovation. Interior images showcase unfinished work and a lack of decor, indicating the need for substantial investment. The property appears to have a relatively average-sized garden.

While the location is desirable due to the proximity of the well-regarded Purbrook Park School and a reasonable distance to transport links, some may find the area somewhat quiet. The combination of business and residential might appeal to someone seeking a hands-on investment with immediate income potential.

In terms of pricing, while the listed price is high relative to some neighbouring homes, the inclusion of an established business significantly alters the equation. A potential buyer will have to carefully weigh the cost of renovation against the potential rental income from both the commercial and residential aspects of the property, and this will be crucial in determining whether the asking price represents good value. A thorough professional survey and detailed financial planning are recommended before any purchase commitment.

Therefore, we give this property 5 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

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