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School Hill, Slindon, Arundel, West Sussex

South East

£2,450,000

Listed on 16/04/2024

Property Details

Bedrooms
4
Type
Detached
Area
4102 sqft

Description

Mill Stones presents a substantial opportunity for investors and renovators, with over 4000 sq ft of adaptable living space awaiting modernization. The property features an impressive entrance framed by a pillared portal, leading to a spacious reception hall and a drawing room that boasts a stunning double-height ceiling, offering potential for reconfiguration or updates. Traditional elements such as parquet flooring and a vintage fireplace add character but would benefit from contemporary enhancements. The ground floor includes multiple reception areas: a formal dining room, a cozy family/sitting room, and a study/snug with French doors leading to the garden, all of which invite fresh design ideas. The conservatory offers lovely views of the grounds while accessing the terrace outside. The kitchen, equipped with ample cabinetry and breakfast area, connects to utility spaces that may require modern appliances and fittings. On the first floor, the elevated views from the bedrooms enhance their appeal but could be improved with updated layouts. The principal bedroom's bay window is a feature that could be further exploited in any redesign. The extensive gardens are noteworthy; bordered by mature shrubs and trees that provide privacy, they offer numerous outdoor spaces ideal for landscaping enhancements. Paved terraces offer opportunities for outdoor dining which can be expanded upon. Situated in picturesque Slindon Village near local amenities and surrounded by beautiful countryside, this property not only offers vast interior potential but also allows for creating an idyllic outdoor retreat in its well-established gardens.

Investment Analysis

(BN18 area)

Above Market Value

This property is priced +47.0% above area average per sq ft

+47.0%
This Property
£597/sq ft
Area Average
£406/sq ft
Avg Rent (weekly)
£351
Avg Yield
3.7%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£100,000 - £150,000
Target Value
£1,833,758
10% above area average per sq ft
Potential ROI
-29.5%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
16
Average per month
Market Turnover
7%
Properties sold annually

Local Market Trend (BN18)

Area prices are falling by -3.7% over the last 12 months
3 year growth: -7.6%
5 year growth: -0.7%
Investment Disclaimer: Analysis based on BN18 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

School Hill, Slindon, Arundel, West Sussex
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.97%

Current average variable rate is 6.59%

Monthly Repayments
£8,741
Based on a loan of £1,837,500 over 30 years at 3.97% 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.

Stamp Duty Calculator

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