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Penfold Way, Steyning, BN44

South East

£450,000
Listed on 10/10/2025

Property Details

Bedrooms
2
Type
Detached house
Area
732 sqft

Description

Nestled in the sought-after Penfold Way area, this two-bedroom end-of-terrace bungalow presents a unique opportunity for those looking to invest in a property with significant renovation potential. The home is characterized by its charming features and practical layout, making it an appealing option for a variety of buyers, including families, retirees, or investors seeking rental opportunities. Inside, the spacious sitting room offers a bright and airy atmosphere, ideal for both relaxing and entertaining guests. Its generous size makes it adaptable to various furniture arrangements. The kitchen is efficiently designed, featuring ample countertop space and cabinetry, complemented by a large window that frames views of the rear garden. Adjacent to the kitchen is convenient access to additional storage and the garage, along with a sunroom that leads directly to outdoor areas. The interior boasts neutral decor throughout, providing an inviting canvas for personal touches or modern updates. The principal bedroom is comfortably sized and equipped with fitted wardrobes, while the second bedroom can accommodate a double bed. A well-appointed bathroom includes a walk-in shower, toilet, and basin. A notable asset of this property is the loft room, which offers versatile usage possibilities — whether as additional storage or potentially converting it into extra living space (subject to obtaining necessary planning permissions). The rear garden stands out as one of the property's key features; it includes a well-maintained lawn and vibrant flower beds amidst a spacious patio area—perfect for outdoor dining or leisure activities. The home also benefits from a driveway that can accommodate multiple vehicles alongside the garage. With its solid foundation and prime location, this bungalow offers an excellent canvas for renovations aimed at increasing both comfort and value over time.

Investment Analysis

(BN44 area)

Above Market Value

This property is priced +39.8% above area average per sq ft

+39.8%
This Property
£615/sq ft
Area Average
£440/sq ft

Renovation Potential

Light Refurb
Est. Renovation Cost
£10,000 - £20,000
Target Value
£354,167
10% above area average per sq ft
Potential ROI
-24.6%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
10
Average per month
Market Turnover
14%
Properties sold annually

Local Market Trend (BN44)

Area prices are rising by +6.9% over the last 12 months
3 year growth: 7.8%
5 year growth: 26.4%
Investment Disclaimer: Analysis based on BN44 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

Penfold Way, Steyning, BN44
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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
£1,648
Based on a loan of £337,500 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