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Middle Road, Shoreham-By-Sea

South East

£349,950
Listed on 16/02/2025

Property Details

Bedrooms
2
Type
Terraced house
Area
969 sqft

Description

This two-storey mid-terrace Victorian house presents a unique renovation opportunity in a desirable location, just under a mile from Shoreham's mainline railway station. The property is well-positioned for commuters with direct access to London Victoria in approximately 76 minutes, making it an appealing choice for renters or future homeowners drawn to the area. The layout features two bedrooms and a series of original details that can be revitalized. The lounge showcases an ornate open fireplace, adding character and potential charm once restored. Adjacent to the lounge is a dining room, which benefits from natural light through a south-facing window and provides access to useful under-stairs storage. The kitchen offers a functional space that could benefit from modern upgrades. It includes essential utilities and ample worktop areas with potential for reconfiguration, allowing for an enhanced cooking environment. A lean-to utility room further supports practical living, providing extra workspace and plumbing options. Upstairs, the split-level landing leads to two spacious bedrooms, each featuring built-in wardrobes and original fireplaces that suggest historical value worth preserving during renovations. The bathroom is partially tiled and includes necessary fixtures but can be redesigned to meet contemporary standards. Outside, the 54-foot south-facing rear garden has great potential for landscaping or outdoor entertaining. This property represents an enticing investment opportunity in need of renovation, offering both immediate living space and long-term growth potential in a competitive market. With no upward chain complicating matters, this home is primed for modernization according to personal taste or rental considerations.

Investment Analysis

(BN43 area)

Below Market Value

This property is priced -18.5% below area average per sq ft

-18.5%
Potential saving
This Property
£361/sq ft
Area Average
£443/sq ft
Avg Rent (weekly)
£322
Avg Yield
4.3%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£20,000 - £40,000
Target Value
£472,567
10% above area average per sq ft
Potential ROI
+21.2%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
16
Average per month
Market Turnover
10%
Properties sold annually

Local Market Trend (BN43)

Area prices are stable by +2.0% over the last 12 months
3 year growth: -2.9%
5 year growth: 6.8%
Investment Disclaimer: Analysis based on BN43 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

Middle Road, Shoreham-By-Sea
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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
£1,282
Based on a loan of £262,462 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