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Mill Drive, Henfield

South East

£600,000
Listed on 13/11/2024

Property Details

Bedrooms
3
Type
Detached house
Area
1814 sqft

Description

This three-bedroom semi-detached house presents a valuable opportunity for renovation and investment in a sought-after area. Situated on an expansive corner plot directly across from Henfield Common, the property offers substantial outdoor space with a large garden, two garages, and ample driveway parking. Designed by an architect and built in 1977, this home has been well-maintained and is ready for new owners to make it their own. The welcoming entrance leads to a central hallway flanked by a spacious living room featuring triple-aspect windows that provide abundant natural light. Sliding doors connect the living room to a conservatory that overlooks the generous garden. Adjacent to the living area is a dining room with a serving hatch leading into the kitchen, which is functional but could benefit from modern updates or reconfiguration. The kitchen’s layout allows for creative expansion possibilities, whether by combining it with the dining room to create an open-plan space or by extending into the integral garage or towards the garden—options that could significantly enhance both functionality and value (subject to necessary permissions). The garden itself measures approximately 21 meters (70 feet) wide, offering plenty of space for outdoor activities or potential landscaping projects. Upstairs, you'll find three well-proportioned bedrooms along with a family bathroom. Natural light pours in from windows on all sides of the house, creating an airy atmosphere throughout. The main bedroom is located at one end of the hall, while the other two bedrooms offer flexibility for use as guest rooms, office space, or children's rooms. Notably, one bedroom features access to generous eaves storage. While currently in excellent condition, this property holds great potential for those looking to invest in renovations or personalization. Energy-efficient double-glazing enhances comfort, and the property includes modern heating infrastructure with a Potterton combination boiler. The location is another highlight; Henfield Common lies just steps away with its scenic meadows and woodlands. This residential area boasts convenient access to local amenities including shops, pubs, eateries, and recreational opportunities such as walking and cycling along nearby trails. The proximity to Henfield Cricket Club adds charm to this vibrant community. Overall, this home not only offers immediate comfort but also presents significant scope for expansion and improvement—an ideal canvas for visionaries looking to invest in their next project.

Investment Analysis

(BN5 area)

Below Market Value

This property is priced -29.1% below area average per sq ft

-29.1%
Potential saving
This Property
£331/sq ft
Area Average
£467/sq ft

Renovation Potential

Light Refurb
Est. Renovation Cost
£10,000 - £25,000
Target Value
£931,453
10% above area average per sq ft
Potential ROI
+49.0%
After renovation
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

Mill Drive, Henfield
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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
£2,198
Based on a loan of £450,000 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