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Castle Drive, BN24

South East

£415,000
Listed on 06/01/2026

Property Details

Bedrooms
3
Type
Detached house
Area
1364 sqft

Description

This two to three-bedroom detached chalet bungalow presents an excellent opportunity for developers and investors alike. Nestled in a desirable location, just moments from Pevensey Bay's charming village center and beach, this property has remained within the same family since its inception, underscoring its long-term value. The spacious layout includes potential for modernization and extension, as it previously held planning permission for an additional dwelling—a testament to its substantial plot size. With ample living space and inviting outdoor areas, the home is ripe for a refresh or complete transformation tailored to modern standards. Given its prime setting and development possibilities, viewings are highly encouraged to fully grasp the scope of potential this property holds.

Investment Analysis

(BN24 area)

Below Market Value

This property is priced -16.4% below area average per sq ft

-16.4%
Potential saving
This Property
£304/sq ft
Area Average
£364/sq ft
Avg Rent (weekly)
£385
Avg Yield
5.2%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£50,000 - £80,000
Target Value
£545,996
10% above area average per sq ft
Potential ROI
+10.3%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
14
Average per month
Market Turnover
25%
Properties sold annually

Local Market Trend (BN24)

Area prices are rising by +2.8% over the last 12 months
3 year growth: +0.1%
5 year growth: +17.2%
Investment Disclaimer: Analysis based on BN24 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

Castle Drive, BN24
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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
£1,497
Based on a loan of £311,250 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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