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Melrose Close, Worthing

South East

£325,000
Listed on 27/03/2026

Property Details

Bedrooms
3
Type
Semi Detached Bungalow
Area
988 sqft

Description

This semi-detached bungalow, located in a peaceful cul-de-sac in Worthing, offers an intriguing opportunity for investors and homebuyers looking to add value through renovation. The property's layout features an inviting entrance porch that leads into a central hallway connecting the main living areas. The sitting/dining room includes an electric fireplace and sliding doors that open onto a conservatory, providing potential for enhancing this versatile space with modern finishes. The kitchen is currently fitted with a selection of base and wall units and has room for expansion or updated appliances. The accommodation consists of two spacious double bedrooms with built-in wardrobes, complemented by a third single bedroom, ideal for family use or as a study. The bathroom comes equipped with essential amenities but could benefit from contemporary updates. Outside, a well-tended rear garden featuring mature plants, trees, and both a greenhouse and shed presents additional options for landscaping or outdoor entertaining. There is also side access to the garage, while the front driveway accommodates off-road parking. This property is being sold without any onward chain, making it an appealing prospect for those ready to embark on a refurbishment project.

Investment Analysis

(BN13 area)

Below Market Value

This property is priced -19.0% below area average per sq ft

-19.0%
Potential saving
This Property
£329/sq ft
Area Average
£406/sq ft
Avg Rent (weekly)
£317
Avg Yield
4.1%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£20,000 - £35,000
Target Value
£441,404
10% above area average per sq ft
Potential ROI
+22.6%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
25
Average per month
Market Turnover
23%
Properties sold annually

Local Market Trend (BN13)

Area prices are falling by -2.9% over the last 12 months
3 year growth: +3.1%
5 year growth: +11.7%
Investment Disclaimer: Analysis based on BN13 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

Melrose Close, Worthing
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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
£1,172
Based on a loan of £243,750 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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