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Russells Close, East Preston, BN16 - Image 1
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Russells Close, East Preston, BN16

South East

£100,000
Listed on 31/03/2026

Property Details

Bedrooms
4
Type
Semi Detached Bungalow

Description

This property presents a unique opportunity for cash buyers looking for a comprehensive renovation or redevelopment project. Situated in a quiet cul-de-sac in East Preston, this fire-damaged chalet bungalow requires significant restoration before it can be deemed habitable. The property has suffered considerable damage to both the roof and internal structure, making it unsuitable for conventional mortgage financing. With no Energy Performance Certificate available due to its current state, potential buyers should be aware of the extensive work needed. The residential plot allows for various options: reconfigure the existing layout or pursue an entirely new build, contingent on obtaining the necessary planning permissions. Despite the condition of the property, local market trends suggest that a newly constructed semi-detached bungalow on this site could realize values between £400,000 and £450,000 based on final specifications and prevailing market conditions. Internal viewings are currently not feasible due to safety concerns, emphasizing the need for serious consideration from those familiar with renovation challenges.

Investment Analysis

(BN16 area)
Area Average
£397/sq ft
Avg Rent (weekly)
£338
Avg Yield
4.0%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£60,000 - £100,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
39
Average per month
Market Turnover
11%
Properties sold annually

Local Market Trend (BN16)

Area prices are stable by +0.2% over the last 12 months
3 year growth: -2.0%
5 year growth: +7.9%
Investment Disclaimer: Analysis based on BN16 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

Russells Close, East Preston, BN16
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Mortgage Calculator

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£
£
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years

Current average 2-year fixed rate is 3.91%

Current average variable rate is 6.62%

Monthly Repayments
£354
Based on a loan of £75,000 over 30 years at 3.91% 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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