WITH the UK’s average house price having increased by £6,000 in the past year, one home in Hampshire offers a more cost-effective solution.
This three-bedroom end of terrace house in Gosport is up for auction with a guide price of just £50,000, well under the average UK house price of £256,000.
Excluding shared ownership arrangements, this property on Magennis Close, Gosport, is the cheapest house on the market in Hampshire.
Whilst the end of terrace house is requiring modernisation, it could be the perfect home for first time buyers who want to take on a project.
The ground floor benefits from a lounge, kitchen/dining area that leads to a rear garden and study/bedroom.
To the rear, the garden compromises of both patio and lawn and is fully enclosed.
Climbing up to the first floor of the building, you will find three bedrooms and a family bathroom.
Situated less than three miles away from the nearest train station and in the catchment area for four ‘good’ rated Ofsted schools the property is perfect for families.
Up for on-line auction with McHugh & Co on Thursday April 15, the guide price is set at £50,000.
According to Rightmove Market statistics, the average estimated value for a terraced house in the PO13 postcode area is £220,270.
Overall, sold prices in PO13 over the last year were 10 per cent up on the previous year and 9 per cent up on the 2018 peak.
For more information, call 020 8012 8911 or visit the Rightmove listing through this link.
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