Sold Warehouse

24 PALMERS ROAD

EMSWORTH, HAMPSHIRE PO10 7DL

Listed 7 Jul 2025 (-378d)

£420,000

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# Warehouse for sale (PO10 7DL)

## Property Details

| Key | Value |
|-----|-------|
| Address | 24 PALMERS ROAD, EMSWORTH, HAMPSHIRE PO10 7DL |
| Price | £420,000 |
| Last sold | £102,000 May 2003 |

## Description

The property consists of and industrial unit, WC and changing area, yard, and ancillary storage by 2 garages. Property to be taken as seen.

Palmers Road is located off of North Street away from the centre of Emsworth High Street close to local amenities and shops. Emsworth train station is situated 300 meters to the north, approximately 4 mins walk. Palmers Road Car park is situated 125m to the south of the estate. The A27 is approximately 1.35 miles to the west leading onto the M27, A3 & M3 motorway network.

Freehold available at £420,000.

* 3-phase power         * W.C. + Basin

* x3 Loading doors - 3.4m (h) x 3.3m (w)

* Min eaves to frame - 3.8m / to roof - 4.4m

* Yard - 5,204 sq ft     * Fire Alarm

* Changing Room        * Concrete floor

* Gas industrial heaters

* Sky lights                   * LED Lights

* Steel port frame     * Recently decorated

* Garage 1 - 317 sq ft

* Garage 2 - 243 sq ft

Rateable Value £22,750

You are advised to make your own enquiries in this regard with the local authority before making a commitment to lease.

Legal Costs - Each party to bear their own costs incurred in the transaction.

VAT - Unless otherwise stated all prices and rents are exclusive of VAT.

VAT is applicable

## Property Photos

- ![Untitled.jpeg](/listings/photos/164242499/1343573) - Untitled.jpeg
- ![20250612_111523.jpg](/listings/photos/164242499/1343575) - 20250612_111523.jpg
- ![20250612_110419.jpg](/listings/photos/164242499/1343576) - 20250612_110419.jpg
- ![20250612_110448.jpg](/listings/photos/164242499/1343577) - 20250612_110448.jpg
- ![20250612_110424.jpg](/listings/photos/164242499/1343579) - 20250612_110424.jpg
- ![20250612_105619.jpg](/listings/photos/164242499/1343581) - 20250612_105619.jpg
- ![20250612_105546.jpg](/listings/photos/164242499/1343582) - 20250612_105546.jpg
- ![Land.jpg](/listings/photos/164242499/1343584) - Land.jpg

## Floorplans

- ![Floor Plan](/listings/photos/164242499/1343587) - Floor Plan

## Sales History

*Recorded sales for this property. Data from Land Registry Price Paid.*

| Address | Price | Date | Type |
|---------|-------|------|------|
| 24 PALMERS ROAD, EMSWORTH, HAVANT, HAMPSHIRE, PO10 7DL | £102,000 | 20/05/2003 | Detached |

## Sold Comparables

*Same street and nearby sales within 0.25 miles. Data from Land Registry Price Paid. Last 5 years.*

| Address | Price | Date | Type |
|---------|-------|------|------|
| 20 NORTH STREET, EMSWORTH, HAVANT, HAMPSHIRE, PO10 7DG | £120,000 | 28/03/2022 | Other |
| 31A NORTH STREET, EMSWORTH, HAVANT, HAMPSHIRE, PO10 7DA | £500,000 | 31/01/2022 | Other |
| 2A SEAGULL LANE, EMSWORTH, HAVANT, HAMPSHIRE, PO10 7QH | £100,000 | 20/09/2021 | Other |

**Area average:** £240,000 (3 sales)

## Rental Range

*ONS Price Index of Private Rents (Havant). Low / Realistic / Optimistic = conservative / average / best case.*

- **Low:** £1,022/mo
- **Realistic:** £1,135/mo
- **Optimistic:** £1,249/mo

## LHA (Local Housing Allowance)

*VOA 30th percentile rent floor for Chichester (Apr 2025 – Mar 2026).*

## Rental Comparables

*Residential lets from OpenRent and Rightmove for the area. Bedroom counts vary — use the Beds column to compare like-for-like lets. Student lets are excluded.*

| Title | Rent | Beds | Distance | As seen on |
|------|------|------|------|------|
| 3 Bed Terraced House, Kings Terrace, PO10 | £1,395/mo | 3 | 0.17 miles | OpenRent |
| 3 Bed Terraced House, Stanley Road, PO10 | £1,800/mo | 3 | 0.39 miles | OpenRent |
| 3 Bed Semi-Detached House, Mountwood Road, PO10 | £1,450/mo | 3 | 1.24 miles | OpenRent |

**Average rent: £1,548/mo (3 listings)**

## 1% Rule

- **Rent ratio:** 0.35% (weak for cashflow)
- **Max investor price (0.8%):** £181,250
- **Target investor price (1%):** £145,000

*Monthly rent ÷ price. 1%+ = strong, 0.8–1% = okay, <0.8% = weak. Max investor price = rent ÷ 0.8% (Stoke-style target). Target investor price = rent ÷ 1% (strong cashflow band). Based on OpenRent comparables.*

## Rent-driven metrics

*Based on OpenRent comparables (median £1,450/mo).*

- **Gross yield:** 4.1%
- **Cost-to-rent:** 24.1×
- **Monthly cashflow:** £-374/mo (75% LTV, 3.95% APR (5yr fixed), 25yr term)
- **Cash-on-cash ROI:** -3.7%

*Gross yield = annual rent as % of price (no costs). Cost-to-rent = price ÷ annual rent (from OpenRent comparables); under 14× = strong, 14–16× = acceptable, 17×+ = compressed. Cashflow = rent − mortgage − 10% maintenance − £25/mo compliance; assumes 75% LTV, 3.95% APR (5yr fixed), 25yr term. ROI = annual profit ÷ cash in (deposit + 4% purchase costs).*

## House Price Index (HM Land Registry)

*Official index for Havant; All dwelling types series; as of April 2026.*

- **1y growth (index):** 2.8%
- **5y growth (index):** 13.3%
- **10y growth (index):** 38.7%

## Flood risk

- **Zone:** 1
- **Risk:** Low
- **Source:** Job (default Low)

[Check long-term flood risk (GOV.UK)](https://check-long-term-flood-risk.service.gov.uk/postcode)

Untitled.jpeg 20250612_111523.jpg 20250612_110419.jpg 20250612_110448.jpg 20250612_110424.jpg 20250612_105619.jpg 20250612_105546.jpg Land.jpg

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Property details

Tenure

FREEHOLD

Last sold

£102,000 May 2003

Deprivation

Decile 8 (25,012 of 33,755)

Street crime

60 incidents within 1 mile (May 2026)

Key features

For Sale
Freehold
Industrial/Motor Trade/Trade Counter
Yard Space with Ancillary Storage
x3 Loading doors

Additional details

Parking: Yes
Garden: Yes

Description

24 Palmers Road is an industrial building located in the busy town of Emsworth. The property was formerly used for motor-trade purposes, but lends itself to multiple uses, which may include motor-trade, industrial purposes, storage and distribution, trade-counter, and many more.

The property consists of and industrial unit, WC and changing area, yard, and ancillary storage by 2 garages. Property to be taken as seen.

Palmers Road is located off of North Street away from the centre of Emsworth High Street close to local amenities and shops. Emsworth train station is situated 300 meters to the north, approximately 4 mins walk. Palmers Road Car park is situated 125m to the south of the estate. The A27 is approximately 1.35 miles to the west leading onto the M27, A3 & M3 motorway network.

Freehold available at £420,000.

* 3-phase power * W.C. + Basin
* x3 Loading doors - 3.4m (h) x 3.3m (w)
* Min eaves to frame - 3.8m / to roof - 4.4m
* Yard - 5,204 sq ft * Fire Alarm
* Changing Room * Concrete floor
* Gas industrial heaters
* Sky lights * LED Lights
* Steel port frame * Recently decorated
* Garage 1 - 317 sq ft
* Garage 2 - 243 sq ft

Rateable Value £22,750

You are advised to make your own enquiries in this regard with the local authority before making a commitment to lease.

Legal Costs - Each party to bear their own costs incurred in the transaction.
VAT - Unless otherwise stated all prices and rents are exclusive of VAT.
VAT is applicable

Listed by

Portsmouth

Holloway Iliffe & Mitchell Ltd

Reference: 164242499

EPC Rating & Upgrade Cost

Fetching EPC data… Refresh this page in a moment.

Flood risk

Zone: 1

Risk: Low

Job (default Low)

Floorplans

Floor Plan

Price history

Event	Date	Price	% change
Sold	20/05/2003 (23 years ago)	£102,000	—

Source: HM Land Registry Price Paid Data. Crown copyright.

Sold Comparables

Same street and nearby sales within 0.25 miles (last 5 years). Data from Land Registry Price Paid.

Address	Price	Date	Type
20 NORTH STREET, EMSWORTH, HAVANT, HAMPSHIRE, PO10 7DG	£120,000	28/03/2022	Other
31A NORTH STREET, EMSWORTH, HAVANT, HAMPSHIRE, PO10 7DA	£500,000	31/01/2022	Other
2A SEAGULL LANE, EMSWORTH, HAVANT, HAMPSHIRE, PO10 7QH	£100,000	20/09/2021	Other

Area average: £240,000 (3 sales)

Capital growth trend

House Price Index (HM Land Registry — official index, not sold-price averages): Havant. Series: All dwelling types. As of April 2026.

1y (index) 2.8%

5y (index) 13.3%

10y (index) 38.7%

Rental Range

Estimated market rent for Havant. Low = conservative, Realistic = average, Optimistic = best case.

Low £1,022/mo

Realistic £1,135/mo

Optimistic £1,249/mo

Based on Local Authority from postcode lookup → Havant.

LHA (30th percentile) floor for Chichester: Apr 2025 – Mar 2026

Location

Map view View on Google Maps View on OpenStreetMap Street View PO10 7DL

Nearby

Nearest stations, universities and amenities (distance from property).

Type	Name	Distance
Shop	Emsworth Cycles	0.0 miles
Shop	Tesco Express	0.1 miles
Bus stop	Emsworth Hospital	0.1 miles
Train station	Emsworth	0.2 miles
Train station	Southbourne	1.3 miles
Hospital	Elmleigh Hospital	1.8 miles
University	Fishbourne Hall	6.2 miles
Hospital	Connolly House	7.0 miles
University	University of Chichester	7.1 miles

Street-level crime

Category	Count
Violence and sexual offences	18
Anti-social behaviour	10
Other theft	10
Shoplifting	8
Public order	5
Burglary	2
Criminal damage and arson	2
Drugs	2
Vehicle crime	2
Possession of weapons	1
Total incidents	60

Within 1 mile during May 2026. Source: data.police.uk (England & Wales).

Schools nearby

Nearest open schools with Ofsted ratings (England). Closed schools are not shown. Data from Get Information about Schools and Ofsted.

Name	Type	Distance	Ofsted
Glenwood School	Other	0.3 miles	Good — 6 Dec 2023
Emsworth Primary School	Primary	0.5 miles	Good — 4 Mar 2013
St James Church of England Controlled Primary School	Primary	0.5 miles	Good — 2 May 2017
Bourne Community College	Secondary	1.0 miles	Good — 13 Dec 2021
Westbourne Primary School	Primary	1.3 miles	Requires improvement — 23 May 2023

Rental Comparables

Residential lets from OpenRent and Rightmove for the area. Bedroom counts vary — use the Beds column to compare like-for-like lets. Student lets are excluded.

Title	Rent	Beds	Distance	As seen on
3 Bed Terraced House, Kings Terrace, PO10	£1,395/mo	3	0.17 miles	OpenRent
3 Bed Terraced House, Stanley Road, PO10	£1,800/mo	3	0.39 miles	OpenRent
3 Bed Semi-Detached House, Mountwood Road, PO10	£1,450/mo	3	1.24 miles	OpenRent

Average rent: £1,548/mo (3 listings)

Rent-driven metrics

Based on OpenRent comparables.

Rent ratio 0.35%

Max investor price (0.8%) £181,250

Target investor price (1%) £145,000

Gross yield 4.1%

Cost-to-rent ratio 24.1×

Monthly cashflow £-374/mo 75% LTV, 3.95% APR (5yr fixed), 25yr term

Cash-on-cash ROI -3.7%

Rent ratio — Monthly rent ÷ purchase price (1% rule). 1%+ = strong, 0.8–1% = okay, <0.8% = weak for cashflow.
Max investor price — Rent ÷ 0.8%; the price at which rent would be 0.8% of price (Stoke-style target).
Target investor price — Rent ÷ 1%; the price at which rent would be 1% of price (strong cashflow band).
Gross yield — Annual rent as % of purchase price (no costs).
Cost-to-rent — Price ÷ annual rent (from OpenRent comparables). Under 14× = strong, 14–16× = acceptable, 17×+ = compressed.
Cashflow — Rent minus mortgage, 10% maintenance, £25/mo compliance. Assumes 75% LTV, 3.95% APR (5yr fixed), 25yr term.
ROI — Annual profit ÷ cash in (deposit + 4% purchase costs).

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