# 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

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

## 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 |
|------|------|------|------|------|
| 2 Bed Penthouse, High Street, PO10 | £1,400/mo | 2 | 0.17 miles | OpenRent |
| 2 Bed Terraced House, Brook Gardens, PO10 | £1,400/mo | 2 | 0.7 miles | OpenRent |

**Average rent: £1,400/mo (2 listings)**

## 1% Rule

- **Rent ratio:** 0.33% (weak for cashflow)
- **Max investor price (0.8%):** £175,000
- **Target investor price (1%):** £140,000

*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 £1,400/mo).*

- **Gross yield:** 4%
- **Cost-to-rent:** 25×
- **Monthly cashflow:** £-419/mo (75% LTV, 3.95% APR (5yr fixed), 25yr term)
- **Cash-on-cash ROI:** -4.1%

*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)