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Millers Lane, Outwood, Redhill

South East

£700,000

Listed on 31/03/2025

Property Details

Bedrooms
3
Type
Detached Bungalow

Description

Nestled in the charming village of Outwood, this detached bungalow presents a prime opportunity for renovation and personalisation. Set on a mature plot with plenty of potential for expansion subject to planning permission, the property is approached through a wooden gate leading to ample parking and a detached garage. The expansive front garden offers privacy, while the rear garden features a lawn area, shed, and a home office that could be enhanced further. Inside, the accommodation flows seamlessly with distinctive features such as parquet flooring and bay windows adding character. The living room boasts an open fire, ideal for creating a cozy atmosphere. A farmhouse-style kitchen provides generous storage and workspace adjacent to the dining area, while the conservatory serves as an additional sitting room or versatile space. Three spacious double bedrooms include one with an en-suite shower room outfitted with high-quality fittings. With nearby essential amenities available in Smallfield and greater shopping options in Horley and Redhill, this property is well-situated for both serene village living and convenient access to urban facilities. It holds impressive potential for those looking to invest in a renovation project that can truly make it their own.

Investment Analysis

(RH1 area)
Area Average
£453/sq ft
Avg Rent (weekly)
£356
Avg Yield
4.5%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£30,000 - £60,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
45
Average per month
Market Turnover
9%
Properties sold annually

Local Market Trend (RH1)

Area prices are rising by +2.7% over the last 12 months
3 year growth: +12.7%
5 year growth: +10.0%
Investment Disclaimer: Analysis based on RH1 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

Millers Lane, Outwood, Redhill
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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
£2,497
Based on a loan of £525,000 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.

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