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The Parade, Caterways, Horsham

South East

£90,000
Listed on 27/03/2026

Property Details

Bedrooms
2
Type
Maisonette

Description

This two-bedroom flat presents a valuable opportunity for refurbishment and value enhancement, making it an ideal investment prospect. Previously rented out long-term, the property is now in need of modernization to unlock its full potential and could generate an estimated rental income of around £1,200 per month upon completion of upgrades. Situated in a convenient residential area of Horsham, residents will enjoy easy access to local shops, amenities, and green spaces, along with excellent transport links via Horsham Railway Station for direct services to London and the South Coast. Additionally, major road routes including the A24 and M23 motorway provide quick access for commuting. With approximately 58 years remaining on the lease, this property is priced accordingly to reflect this term, offering a compelling chance to create added value in a desirable location. This flat is available for cash buyers only due to its leasehold situation above commercial premises.

Investment Analysis

(RH12 area)
Area Average
£444/sq ft
Avg Rent (weekly)
£355
Avg Yield
4.4%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £25,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
63
Average per month
Market Turnover
49%
Properties sold annually

Local Market Trend (RH12)

Area prices are falling by -3.3% over the last 12 months
3 year growth: -3.9%
5 year growth: +0.8%
Investment Disclaimer: Analysis based on RH12 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

The Parade, Caterways, Horsham
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Mortgage Calculator

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£
£
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years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£325
Based on a loan of £67,500 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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