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Millers Lane, Outwood, Redhill

South East

£700,000
Listed on 01/04/2025

Property Details

Bedrooms
3
Type
Detached house

Description

This charming detached bungalow is situated in the picturesque village of Outwood, nestled within a mature and well-maintained plot that presents exciting opportunities for renovation and potential expansion (subject to planning permission). The property is accessible via a five-bar wooden gate, providing ample parking space for multiple vehicles, alongside a detached garage. The outdoor space includes a secluded front garden and a private rear garden, both offering tranquil settings for relaxation or gardening. A pathway meanders across the lawn, leading to a shed and a versatile timber home office that could serve various purposes depending on your needs. With thoughtful landscaping, this area could be transformed into a peaceful retreat. Internally, the bungalow features an efficient layout with opportunities for customization. The living room exudes warmth with its open fire and views over the front garden, while the farmhouse-style kitchen offers generous work surfaces and storage options. This kitchen opens into the dining area, creating an inviting space for entertaining or family gatherings. At the back of the house, a good-sized conservatory currently functions as an additional sitting room but could easily be adapted to suit your lifestyle. There are three well-proportioned double bedrooms. The main bedroom includes a dressing area and en-suite shower room outfitted with quality fixtures. The second bedroom benefits from fitted mirrored wardrobes and boasts a bay window that enhances its spacious feel, while the third bedroom provides flexibility as an office or guest space. A bath and shower room completes the internal accommodation. The surrounding area offers natural beauty with nearby common land enveloped by National Trust woodlands, ideal for outdoor enthusiasts. Local essential shopping can be found in Smallfield, while more comprehensive facilities are available in Horley and Redhill. Both towns also provide convenient access to mainline rail services, making this location appealing not only for homebuyers but also for investors seeking rental opportunities. This property stands out as an excellent investment option due to its renovation potential combined with its desirable location in Outwood village. Whether looking to make it your own or capitalize on its investment possibilities, this home is ready for new owners to bring their vision to life.

Investment Analysis

(RH1 area)
Area Average
£456/sq ft
Avg Rent (weekly)
£339
Avg Yield
4.2%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£30,000 - £50,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
37
Average per month
Market Turnover
10%
Properties sold annually

Local Market Trend (RH1)

Area prices are rising by +5.0% over the last 12 months
3 year growth: 13.9%
5 year growth: 18.7%
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 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£2,564
Based on a loan of £525,000 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