White & Brooks says ..

Property Oracle says ..

This property on Palmyra Road, Gosport, is a four-bedroom house currently configured as two flats, offering potential for rental income or conversion back into a single family home. The location in Elson benefits from proximity to schools including Elson Junior School and Elson Infant School, enhancing its family-friendly appeal. Transportation links to Portsmouth and other areas are also relatively convenient.

The property’s condition is fair. While the exterior appears well-maintained, the internal photographs suggest a need for modernisation, particularly within the kitchens and bathrooms. The fixtures and fittings, such as kitchen cabinets and bathroom suite seem dated, although in reasonable working order. Cosmetic updates and potential upgrades could enhance the property’s overall appeal and value.

The presence of a sizable garden is a significant plus for families or those wanting outdoor space.

The asking price of £360,000 requires consideration. While above the average price for Palmyra Road, the property’s potential as a rental investment, due to its current two-flat configuration, should be weighed. The absence of square footage data prevents a definitive assessment of price per square foot, making it challenging to fully determine its value for money. However, based on comparable properties in the area and potential rental income, the price is somewhat justifiable. A potential buyer would need to carefully evaluate the renovation costs against the overall investment.

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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