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Norbury Drive, Lancing, BN15

South East

£400,000
Listed on 10/10/2025

Property Details

Bedrooms
2
Type
Detached house
Area
915 sqft

Description

Nestled in the sought-after Norbury Drive area of Lancing, this detached two-bedroom bungalow presents a unique opportunity for those looking to invest in a property with considerable renovation potential. The existing layout features a spacious living room at the front, providing a welcoming entrance to the home. Towards the rear, there’s a separate kitchen/diner that allows for creativity in modernizing or reconfiguring as desired. The two bedrooms are well-sized, and the bathroom includes a separate WC, which could be reimagined to meet contemporary preferences. Outside, the property boasts a private courtyard in the rear, while most of the outdoor space is oriented to the south, offering an ideal setting for landscaping or garden design projects. A driveway along with a garage provides off-road parking—a convenient asset for both personal use and visitors. While the bungalow does require some refurbishment, this opens up possibilities for transformation and enhancement—whether through modernization or an extension (subject to necessary permissions). Properties with such potential in this desirable location are increasingly rare, making it an attractive option for buyers looking to add value over time and create a personalized living environment. Situated on Norbury Drive, residents benefit from proximity to Lancing's village center and seafront amenities. Local schools are within easy reach, as well as transportation options including Lancing mainline railway station and quick access to the A27 leading directly to Brighton and connections to London via the M23. This combination of location advantages and investment opportunity makes this property particularly compelling for both local buyers and commuters alike.

Investment Analysis

(BN15 area)

Above Market Value

This property is priced +10.1% above area average per sq ft

+10.1%
This Property
£437/sq ft
Area Average
£397/sq ft
Avg Rent (weekly)
£296
Avg Yield
4.2%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £50,000
Target Value
£399,530
10% above area average per sq ft
Potential ROI
-11.2%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
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

Norbury Drive, Lancing, 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
£1,465
Based on a loan of £300,000 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