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42 Mill Road, Lancing, West Sussex, BN15 0PZ - Image 1
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42 Mill Road, Lancing, West Sussex, BN15 0PZ

South East

£280,000
Listed on 28/12/2025

Property Details

Bedrooms
1
Type
Detached house
Area
1174 sqft

Description

This vacant freehold detached bungalow in North Lancing presents a significant opportunity for refurbishment or redevelopment, subject to necessary approvals. The property features several living spaces including a comfortable living room, a conservatory, utility room, kitchen, dining room, and shower room. Upstairs, the layout includes a double bedroom and an additional reception room with access to a balcony. Externally, there is ample off-street parking with a driveway and garage, alongside a generous private garden that could be enhanced or utilized in new development plans. Notably, the property is timber-framed which may influence renovation approaches. Located within walking distance of the scenic South Downs and just over a mile from local shops and transportation links at Lancing Railway station, this property can attract homeowners or investors looking to capitalize on its potential.

Investment Analysis

(BN15 area)

Below Market Value

This property is priced -39.9% below area average per sq ft

-39.9%
Potential saving
This Property
£239/sq ft
Area Average
£397/sq ft
Avg Rent (weekly)
£296
Avg Yield
4.2%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£30,000 - £50,000
Target Value
£512,621
10% above area average per sq ft
Potential ROI
+55.3%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
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

42 Mill Road, Lancing, West Sussex, BN15 0PZ
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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
£1,026
Based on a loan of £210,000 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