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Old London Road, Washington, RH20

South East

£550,000
Listed on 17/09/2025

Property Details

Bedrooms
4
Type
Detached house
Area
2998 sqft

Description

This four-bedroom detached house, constructed in 1991 and owned by the same family since its inception, represents a significant opportunity for those looking to invest in a property with renovation potential. The home is situated in a pleasant neighborhood that combines residential comfort with accessibility to essential amenities. Upon entering, you are greeted by a secure porch that leads into an entrance hall, complete with storage options and access to the integral garage. This garage could be transformed into additional living space or a home office, pending the necessary planning permissions. The kitchen space is functional but ripe for modern updates, featuring ample cabinetry and integrated appliances. An adjoining utility area opens out to the garden, blending indoor convenience with outdoor potential. The ground floor encompasses various living areas, including a sitting/dining room with garden access and a cozy fireplace that could benefit from some contemporary enhancements. There’s also an expansive dining room ideal for gatherings, along with a conservatory that offers views of the well-established front garden. Additionally, the versatile lounge can easily be converted into a fifth bedroom if needed, catering to changing family dynamics. A separate WC adds practicality for guests. Moving upstairs, you'll find four spacious bedrooms, each fitted with wardrobes for efficient storage. The primary suite includes an en suite bath and shower room. The landing features an airing cupboard and additional storage options while the family bathroom is equipped with both bath and shower facilities. A further staircase leads to two more double bedrooms on the second floor which may serve as guest rooms or home offices—this level also boasts the possibility of converting an additional room into another bathroom with appropriate approvals. Outside, the rear garden's dual-level design incorporates mature trees and hedgerows alongside a sizable lawn area and private patio—ideal for outdoor leisure or entertaining. Backing onto The Warren park enhances its appeal with scenic views and walking paths readily accessible at your doorstep. The front exterior features driveway parking alongside a lush lawn bordered by mature hedging that provides both privacy and charm. With major roadways close by as well as proximity to the picturesque South Downs National Park, this property is not only inviting but positions itself as a promising renovation project for those seeking to add personal touches while benefiting from its location advantages.

Investment Analysis

(RH20 area)

Below Market Value

This property is priced -56.0% below area average per sq ft

-56.0%
Potential saving
This Property
£183/sq ft
Area Average
£417/sq ft
Avg Rent (weekly)
£347
Avg Yield
3.0%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£50,000 - £80,000
Target Value
£1,374,358
10% above area average per sq ft
Potential ROI
+118.2%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
24
Average per month
Market Turnover
11%
Properties sold annually

Local Market Trend (RH20)

Area prices are stable by +0.2% over the last 12 months
3 year growth: -5.3%
5 year growth: 1.5%
Investment Disclaimer: Analysis based on RH20 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

Old London Road, Washington, RH20
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£2,015
Based on a loan of £412,500 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