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Elms Drive, Lancing, West Sussex, BN15 - Image 1
Elms Drive, Lancing, West Sussex, BN15 - Image 2
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Elms Drive, Lancing, West Sussex, BN15

South East

£290,000
Listed on 25/07/2025

Property Details

Bedrooms
1
Type
Detached house
Area
526 sqft

Description

This detached one-bedroom bungalow presents a unique opportunity in a sought-after village location, ideal for first-time buyers or investors looking to capitalize on renovation potential. The property is designed with contemporary aesthetics that create a comfortable living environment. The well-sized bedroom serves as a cozy retreat, and the modern shower room adds practicality to daily routines. Off-street parking is a valuable asset in this desirable residential area, enhancing convenience for residents and visitors alike. The bungalow's prime location places it within easy reach of local amenities such as shops, cafes, and essential services. Commuters will appreciate being just a short distance from Lancing Railway Station, which provides excellent transport connections for those traveling to larger urban centers. Beyond its current charm, this property offers significant investment potential; there is ample scope to extend the building to the rear, pending appropriate planning permissions. This flexibility allows for various possibilities including additional living space or more tailored features like a conservatory or home office—ideal for adapting to evolving lifestyle needs. The absence of an onward chain simplifies the purchasing process, making this bungalow an attractive option for those seeking an efficient transition. With its modern design, strategic location near the village center and transport links, along with opportunities for expansion, this property stands out as a promising investment within a vibrant community.

Investment Analysis

(BN15 area)

Above Market Value

This property is priced +38.9% above area average per sq ft

+38.9%
This Property
£551/sq ft
Area Average
£397/sq ft
Avg Rent (weekly)
£296
Avg Yield
4.2%

Renovation Potential

Light Refurb
Est. Renovation Cost
£5,000 - £10,000
Target Value
£229,675
10% above area average per sq ft
Potential ROI
-23.4%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
23
Average per month
Market Turnover
9%
Properties sold annually

Local Market Trend (BN15)

Area prices are rising by +2.7% over the last 12 months
3 year growth: -5.2%
5 year growth: 18.8%
Investment Disclaimer: Analysis based on BN15 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

Elms Drive, Lancing, West Sussex, BN15
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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
£1,062
Based on a loan of £217,500 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