Lumley Road, Horley RH6
South East
£400,000
Listed on 09/11/2026
Listed on 09/11/2026
The listing
Property details
Bedrooms
N/AType
Block Of ApartmentsDescription
A sizable commercial building in a central Horley location, described as having planning permission granted for conversion into seven residential flats. The listing notes nearby town-centre shops and amenities, Horley railway station, schools and Gatwick Airport. The property is sold as seen. Further information is available from Mansell McTaggart Horley.
WHOTS analysis
Our WHOTS verdict
An internal assessment of the opportunity to acquire, improve and create value.
45out of 100
Grade ELow opportunity
Confidence: LOW
This is a substantial red-brick commercial building in a central Horley location, with the listing stating that planning permission has been granted to convert it into seven flats. That gives the project a clear value-creation angle, though the permission and its conditions should be checked carefully. From the street, the visible brickwork and roof sections look broadly intact; the overgrown frontage needs attention, and the covered opening and lack of interior photographs leave the building’s condition and conversion scope difficult to judge.
The score is low overall, with limited economics data and no usable floor area to assess value against local £/sqf. The £400,000 asking price therefore cannot yet be judged as cheap or dear on that basis. The central location, near the station, town centre and amenities, is a positive for the proposed residential use.
Key opportunities
- Explore the stated permission for seven flats, verifying the consent, conditions and practical conversion scope.
- The substantial red-brick building and central Horley setting provide a distinctive base for a residential conversion project.
- Clear and manage the overgrown frontage to improve the building’s presentation.
Key risks
- No interior photographs are supplied, so the building’s internal condition and the scale of conversion work are difficult to assess.
- The covered opening and vegetation-obscured elevations limit what can be judged about the building’s concealed fabric.
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Transport
Nearest stations
Horley Rail Station
0.6 miles
Train · Horley
Gatwick North Terminal Shuttle Station
1.2 miles
Metro · Gatwick Airport
Gatwick South Terminal Shuttle Station
1.4 miles
Metro · Gatwick Airport
Gatwick Airport Rail Station
1.4 miles
Train · Gatwick Airport
Contains public sector information from NaPTAN (DfT) licensed under the Open Government Licence v3.0.
Finance
Mortgage calculator
Illustrative repayments based on the asking price, not a mortgage offer.
£
£
£
%
%
years
Current average 2-year fixed rate is 5.13%
Current average variable rate is 6.58%
Monthly Repayments
£1,634
Based on a loan of £300,000 over 30 years at 5.13% interest
These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.
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