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School Hill, Slindon, Arundel, West Sussex

South East

£2,450,000
Listed on 17/04/2024

Property Details

Bedrooms
4
Type
Detached house
Area
4102 sqft

Description

Mill Stones presents a unique opportunity for renovation and investment in a picturesque setting. This spacious property encompasses over 4,000 sq ft of adaptable living space, ready for modernization to suit contemporary lifestyles. The striking exterior, characterized by tall leaded windows, hints at the potential within. The welcoming entrance leads into a reception hall that opens to a grand drawing room featuring a soaring double-height ceiling and glimpses of the galleried landing above, creating an impressive atmosphere. The home includes multiple reception areas that cater to both formal and casual gatherings. The formal dining room sets the stage for upscale entertaining, while the family sitting room offers a cozy retreat. A study/snug with French doors enhances accessibility to the outdoor garden space, and the conservatory presents a bright spot for relaxation with views of the well-maintained grounds. The kitchen is nicely appointed with ample cabinetry and includes a breakfast area, complemented by two pantries and a large utility/laundry room. External access into an enclosed courtyard adds convenience and functionality to daily living. On the upper floor, you will find four well-proportioned bedrooms that enjoy elevated views of the surrounding gardens. The principal bedroom benefits from an inviting bay window, offering both light and charm. Two family bathrooms serve the upper level, providing essential amenities for family living. A notable feature of Mill Stones is its beautifully landscaped gardens. Accessed via a gravel driveway that accommodates parking for several vehicles, this property provides privacy bordered by mature shrubbery and trees. The grounds showcase expansive lawns interspersed with majestic trees and vibrant flora, creating tranquil spots perfect for relaxation or outdoor activities. Paved terraces adjacent to the house allow for enjoyable al fresco dining amidst an environment rich in natural beauty. Situated in the desirable village of Slindon, surrounded by scenic countryside maintained by the National Trust, Mill Stones benefits from local amenities such as shops, cafes, a primary school, and pub. For more extensive needs, Barnham offers additional shopping options along with rail services connecting to London Victoria, Gatwick Airport, Brighton, and Chichester. The nearby historic town of Arundel features independent shops and restaurants alongside its famous castle and cathedral while Chichester provides comprehensive shopping experiences and cultural attractions like the renowned Festival Theatre. With its generous living spaces set against a backdrop of stunning grounds in a sought-after location, Mill Stones holds significant potential for those looking to invest in or restore this distinguished home while capitalizing on all it has to offer.

Investment Analysis

(BN18 area)

Above Market Value

This property is priced +42.1% above area average per sq ft

+42.1%
This Property
£597/sq ft
Area Average
£420/sq ft
Avg Rent (weekly)
£387
Avg Yield
3.6%

Renovation Potential

Est. Renovation Cost
£245,000 - £612,500
10-25% of property value
Target Value
£1,896,929
10% above area average per sq ft
Potential ROI
-38.1%
After renovation
Monthly Sales
10
Average per month
Market Turnover
8%
Properties sold annually

Local Market Trend (BN18)

Area prices are falling by +9.0% over the last 12 months
3 year growth: -8.7%
5 year growth: 9.3%
Investment Disclaimer: Analysis based on BN18 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

School Hill, Slindon, Arundel, West Sussex
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