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Mill Road, Burgess Hill, West Sussex, RH15 - Image 1
Mill Road, Burgess Hill, West Sussex, RH15 - Image 2
Mill Road, Burgess Hill, West Sussex, RH15 - Image 3
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Mill Road, Burgess Hill, West Sussex, RH15 - Image 9

Mill Road, Burgess Hill, West Sussex, RH15

South East

£50,000
Listed on 01/11/2025

Property Details

Bedrooms
N/A
Type
Detached house

Description

This property presents a compelling opportunity for renovation and investment, featuring an existing plot of land that comes with granted planning permission for the construction of a single-storey garage. Located in the heart of Burgess Hill Town Centre, this site holds significant potential not only as a garage but also for future development into a residential dwelling, contingent on obtaining relevant planning approvals. Situated along a private no-through road adjacent to Mill Road, the property enjoys close proximity to various local amenities. The vibrant town centre is just a short walk away, offering an array of cafes, restaurants, retail shops, and essential services such as hairdressers and supermarkets. Additionally, the nearby mainline train station provides convenient travel options to London, Brighton, and the South Coast, enhancing its appeal for both residents and investors. The area is set to experience considerable growth in the coming years due to the Northern Arc development project, which aims to add 3,500 new homes. This anticipated expansion suggests that prime locations like this will become increasingly desirable for residential purposes. Overall, this property not only allows for immediate renovations but also positions itself well within a dynamic market poised for future appreciation.

Investment Analysis

(RH15 area)
Area Average
£423/sq ft
Avg Rent (weekly)
£309
Avg Yield
3.7%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
39
Average per month
Market Turnover
15%
Properties sold annually

Local Market Trend (RH15)

Area prices are rising by +3.3% over the last 12 months
3 year growth: 2.7%
5 year growth: 20.4%
Investment Disclaimer: Analysis based on RH15 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

Mill Road, Burgess Hill, West Sussex, RH15
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Mortgage Calculator

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£
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years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£183
Based on a loan of £37,500 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