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Gorse Bank Close, Storrington, RH20

South East

£650,000
Listed on 31/12/2025

Property Details

Bedrooms
4
Type
Detached house
Area
1690 sqft

Description

This four/five-bedroom detached chalet bungalow has been in the same family's ownership since it was built in 1969, and is now available for sale for the first time. With no onward chain, this property offers a unique opportunity for buyers looking to put their personal stamp on a spacious home with considerable renovation potential. The layout is highly adaptable, ideal for contemporary family living and future expansion possibilities, contingent upon obtaining the necessary planning approvals. Upon entering, you’ll find a roomy entrance hall that leads to generous living spaces throughout. The sizable kitchen includes a separate utility area, providing ample room for dining and social gatherings. The open plan living/dining room features a traditional central fireplace, creating a warm atmosphere perfect for both relaxation and entertaining guests. Direct access to the outdoor space from the dining area enhances the overall functionality of the home during warmer months. On the ground floor, there's also flexibility with an optional fifth bedroom that can be reimagined as a study or snug. Upstairs consists of well-proportioned bedrooms equipped with integrated storage solutions; notably, the principal bedroom benefits from an en-suite shower room. The property is heated by oil central heating, ensuring comfort through colder seasons. Outside, you will discover an expansive wrap-around garden complete with a patio area set among mature trees and hedges that provide privacy. A driveway accommodates multiple vehicles alongside a double garage, offering convenience and additional storage. Situated within reach of local amenities, educational institutions, and picturesque countryside trails, this property combines accessibility with tranquility. With its versatile layout and substantial outdoor space, this residence represents an excellent canvas for creating a bespoke family home that meets modern needs while allowing for future enhancements.

Investment Analysis

(RH20 area)

Below Market Value

This property is priced -7.4% below area average per sq ft

-7.4%
Potential saving
This Property
£385/sq ft
Area Average
£415/sq ft
Avg Rent (weekly)
£326
Avg Yield
2.8%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£30,000 - £60,000
Target Value
£772,229
10% above area average per sq ft
Potential ROI
+8.8%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
27
Average per month
Market Turnover
30%
Properties sold annually

Local Market Trend (RH20)

Area prices are falling by -2.5% over the last 12 months
3 year growth: -4.3%
5 year growth: -1.1%
Investment Disclaimer: Analysis based on RH20 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

Gorse Bank Close, Storrington, RH20
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£2,344
Based on a loan of £487,500 over 30 years at 4.06% 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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