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Elms Drive, Lancing, West Sussex, BN15 - Image 1
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Elms Drive, Lancing, West Sussex, BN15

South East

£450,000
Listed on 02/04/2026

Property Details

Bedrooms
3
Type
Semi Detached
Area
1377 sqft

Description

This spacious chalet-style family home, available for the first time in decades, presents a unique investment opportunity in a prime residential area close to the village center. The property has been cherished by its original family and is now poised for a transformative renovation that will bring its potential to life. With no chain involved, buyers can expedite their plans without lengthy negotiations or complications. The flexible interior layout accommodates between two to four bedrooms alongside three reception rooms, offering ample space for customization. Whether you envision a modern home office, a sophisticated dining area, or an expansive ground-floor suite, this property serves as a versatile blank canvas ideal for personal adaptation. With uPVC double glazing and gas central heating already installed, the groundwork is laid for contemporary living enhancements. Outside, you'll find off-road parking via a private driveway and a rear garden measuring approximately 65 feet—perfect for family gatherings and outdoor entertaining. Additionally, there’s a significant workshop on the premises that could be used as extensive storage or transformed into a stylish garden studio. This home not only promises comfort but also substantial potential for future value enhancement through thoughtful renovations.

Investment Analysis

(BN15 area)

Below Market Value

This property is priced -17.2% below area average per sq ft

-17.2%
Potential saving
This Property
£327/sq ft
Area Average
£395/sq ft
Avg Rent (weekly)
£292
Avg Yield
4.3%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£598,004
10% above area average per sq ft
Potential ROI
+22.0%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
27
Average per month
Market Turnover
10%
Properties sold annually

Local Market Trend (BN15)

Area prices are rising by +4.3% over the last 12 months
3 year growth: -3.4%
5 year growth: +18.3%
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

Elms Drive, Lancing, West Sussex, BN15
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.91%

Current average variable rate is 6.62%

Monthly Repayments
£1,594
Based on a loan of £337,500 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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