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Smallfield Road, Horne, RH6

South East

£250,000
Listed on 31/12/2025

Property Details

Bedrooms
3
Type
Detached house
Area
1233 sqft

Description

This three-bedroom attached property, currently divided into two separate dwellings, presents a unique opportunity for renovation in the desirable Smallfield village area. With no onward chain, this property is ripe for modernisation, making it an appealing investment potential. The entrance leads to a lobby that includes a storage cupboard with the option for redesign (subject to planning permission). The expansive open plan living room and kitchen feature a vaulted ceiling and include a cast iron multi-fuel log burner, providing an inviting atmosphere and access to the rear garden. Each unit offers generous bedroom space: one features a double bed layout while the other accommodates two bedrooms with good sizing. Both shower rooms are partly tiled and equipped with essential fittings. Outside, there is off-street parking available. Notably, the property lacks gas and mains drainage facilities (Klargester system in place) and is constructed from timber frame materials. This property requires significant updates but holds great potential for those willing to invest in its future.

Investment Analysis

(RH6 area)

Below Market Value

This property is priced -53.6% below area average per sq ft

-53.6%
Potential saving
This Property
£203/sq ft
Area Average
£437/sq ft
Avg Rent (weekly)
£359
Avg Yield
3.9%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£30,000 - £50,000
Target Value
£592,364
10% above area average per sq ft
Potential ROI
+97.5%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
34
Average per month
Market Turnover
15%
Properties sold annually

Local Market Trend (RH6)

Area prices are stable by +1.4% over the last 12 months
3 year growth: -1.0%
5 year growth: 10.7%
Investment Disclaimer: Analysis based on RH6 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

Smallfield Road, Horne, RH6
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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
£916
Based on a loan of £187,500 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