4-bedroom detached house · PO14 1BL
Listing removedListed 38 daysAuction 18 Sep · ended
Opportunity summary
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About
Exceptional 0.71-Acre Residential Development Opportunity with Detached House, Annex & Strong Planning History Guide Price £400,000 to £600,000*Buyers Premium Applies For sale by online auction.
To review the legal documents and to view the auction information click on the buttons at the bottom of this advert or visit our website tcpa.co.uk Town & Country Property Auctions are delighted to offer For Sale by Public Auction this exceptional residential development opportunity comprising a substantial Four-Bedroom Detached House, self-contained Annex and adjoining land, occupying an approximately 0.71-acre site in a desirable and well-established location.
The existing property provides approximately 1,900 sq ft of accommodation and offers four bedrooms, en-suite to the principal bedroom, spacious living accommodation, an open-plan kitchen/diner, study, utility room and cloakroom.
The former double garage has also been converted to provide a self-contained annex comprising a bedroom, sitting room, kitchen area and WC.
The property requires updating throughout and benefits from surrounding gardens and grounds, including the former second-hand car yard.
The site has a strong planning history, with outline planning permission previously granted under application P/21/0178/OA for five detached dwellings, followed by full planning permission under application P/23/1104/FP for the construction of three detached dwellings, approved on 18 September 2023.
The property represents a unique investment opportunity for developers, builders and investors, with scope to refurbish the existing dwelling or, subject to obtaining the necessary planning consents, pursue further residential redevelopment across the site.
The property will be entered into our 14th October 2026 auction which is held online and starts at 8am. You must register to bid and download the legal pack. PROPERTY FEATURES . 56 Day Completion .
Approximately 0.71-Acre Site . Excellent Residential Development Opportunity . Previous Planning Permission for Five Detached Dwellings . Approximately 1,900 Sq Ft of Accommodation in main residence.
VIEWING ARRANGEMENTS We will be holding viewing slots, please call us on . The property is available for viewing immediately.
Please contact Town & Country Property Auctions for more information and to register for the auction. The auction will be held online, and registration is now open.
UNCONDITIONAL LOT Buyers Premium Applies Upon the fall of the hammer, the Purchaser shall pay a 5% deposit and a 5%+VAT (subject to a minimum of £20,000+VAT) buyers premium and contracts are exchanged.
The purchaser is legally bound to buy and the vendor is legally bound to sell the Property/Lot.
The auction conditions require a full legal completion 56 days following the auction (unless otherwise stated).
Pre Auction Offers Are Considered The seller of this property may consider a pre-auction offer prior to the auction date.
All auction conditions will remain the same for pre-auction offers which include but are not limited to, the special auction conditions which can be viewed within the legal pack, the Buyer's Premium, and the deposit.
To make a pre-auction offer we will require two forms of ID, proof of your ability to purchase the property and complete our auction registration processes online.
To find out more information or to make a pre-auction offer please contact us.
Special Conditions Any additional costs will be listed in the Special Conditions within the legal pack and these costs will be payable on completion.
The legal pack is available to download free of charge under the LEGAL DOCUMENTS'.
Any stamp duty and/or government taxes are not included within the Special Conditions within the legal pack and all potential buyers must make their own investigations.
Value & comps
No previous sales on record.
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Returns
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Archie refurb estimate: a Pro feature
0.0% below starting price
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Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
Agent & docs

FAQ
About House and Land at Newgate Cottage, 245 Newgate Lane, Fareham, Fareham, Hampshire, PO14 1BL
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