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Wellgreen Lane, Kingston

South East

£450,000
Listed on 20/06/2025

Property Details

Bedrooms
3
Type
Semi-detached house
Area
947 sqft

Description

This semi-detached house presents a compelling opportunity for renovation and investment in the heart of Kingston. While the property currently requires updating, it offers a solid foundation for those looking to create their ideal home or capitalize on its potential as an investment. The possibility of extending the living space by replacing the side outbuilding (subject to planning permission) further enhances its appeal. Inside, the home features three bedrooms—two generously sized doubles and a single—located on the first floor alongside a bathroom. On the ground level, an entrance hall leads into a spacious double reception room, providing ample natural light and access to the rear garden. The fitted kitchen includes functional elements, with parameters set for modern appliances and modifications. The layout is complemented by a front garden and a sizeable south-facing rear garden, which also houses the outbuilding—a potential candidate for conversion or expansion. Additional amenities include gas central heating and double-glazed windows, enhancing energy efficiency. Positioned conveniently across from Kingston and Iford Primary School, this property benefits from its proximity to local amenities including shops, parks, and community facilities like a village hall and tennis courts. The scenic South Downs are just moments away, offering various walking routes through picturesque landscapes. Lewes, approximately two miles away, boasts a vibrant historic center filled with unique shops, eateries, and cultural venues such as the Depot Cinema. Commuters will appreciate easy access to key transport links with mainline rail services connecting to London Victoria in under 65 minutes. This property not only reflects comfortable living but also holds significant potential for growth both through renovation opportunities and its strategic location near essential services and recreational areas. Investors and homeowners alike can envision transforming this residence into a modern haven while benefiting from its appealing surroundings.

Investment Analysis

(BN7 area)

Below Market Value

This property is priced -9.3% below area average per sq ft

-9.3%
Potential saving
This Property
£475/sq ft
Area Average
£524/sq ft
Avg Rent (weekly)
£342
Avg Yield
2.9%

Renovation Potential

Est. Renovation Cost
£45,000 - £112,500
10-25% of property value
Target Value
£545,642
10% above area average per sq ft
Potential ROI
-3.0%
After renovation
Monthly Sales
19
Average per month
Market Turnover
27%
Properties sold annually

Local Market Trend (BN7)

Area prices are falling by +2.1% over the last 12 months
3 year growth: -0.4%
5 year growth: 12.7%
Investment Disclaimer: Analysis based on BN7 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

Wellgreen Lane, Kingston
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