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London Road, Henfield

South East

£175,000
Listed on 02/10/2024

Property Details

Bedrooms
2
Type
Detached house

Description

This is an exceptional opportunity to secure a building plot with granted planning permission for a two-bedroom detached house in Henfield Village. The location benefits from proximity to various local amenities, including shops, a village hall, library, medical centre, and recreational facilities. Public transport links provide easy access to nearby towns such as Horsham and Brighton, while the A23/M23 ensures commutes to Crawley, Gatwick Airport, and London are straightforward. The approved design allows for a two-storey layout featuring an entrance hall, cloakroom, sitting room with a chimney, an open-plan kitchen/dining area, and a utility space on the ground floor. Upstairs offers two bedrooms and a family bathroom with potential for an additional bedroom pending further planning permissions. The lot includes two allocated parking spaces and garden areas on multiple sides. Future owners will need to consider the installation of two water harvesting tanks and necessary service connections as part of the development process. There is also a Community Infrastructure Levy (CIL) payment required by Horsham District Council upon commencement of construction.

Investment Analysis

(BN5 area)
Area Average
£467/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£50,000 - £80,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
6
Average per month
Market Turnover
11%
Properties sold annually

Local Market Trend (BN5)

Area prices are rising by +6.3% over the last 12 months
3 year growth: 10.3%
5 year growth: 23.9%
Investment Disclaimer: Analysis based on BN5 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. 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

London Road, Henfield
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Mortgage Calculator

£
£
£
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years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£641
Based on a loan of £131,250 over 30 years at 4.19% 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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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE