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Monks Avenue, Lancing, BN15

South East

£350,000
Listed on 14/05/2026

Property Details

Bedrooms
3
Type
Semi Detached
Area
1098 sqft

Description

This three-bedroom semi-detached home presents an appealing opportunity for investors and buyers interested in a renovation project. The property requires modernization, providing a blank canvas for those looking to customize their living space according to personal style. The layout features a welcoming entrance hall, a generous living area with a characterful curved bay window and open fireplace, alongside a ground floor extension that houses a sunroom bathed in natural light and overlooking the expansive rear garden. Upstairs, three well-sized bedrooms are complemented by a family bathroom and an adaptable loft room ideal for use as an office or additional guest quarters. Chain-free status simplifies the purchase process, while off-street parking enhances convenience. The outdoor area is particularly noteworthy, offering a large garden predominantly laid to lawn—perfect for family activities or gardening projects. At the rear of the garden, two sizeable sheds provide excellent storage solutions or workshop opportunities. An inviting patio area allows for enjoyable outdoor dining and entertaining throughout warmer months. This property stands as an excellent prospect for creating an attractive family home in a desirable location, with ample outside space to benefit from year-round.

Investment Analysis

(BN15 area)

Below Market Value

This property is priced -18.4% below area average per sq ft

-18.4%
Potential saving
This Property
£319/sq ft
Area Average
£391/sq ft
Avg Rent (weekly)
£271
Avg Yield
3.9%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£471,948
10% above area average per sq ft
Potential ROI
+21.0%
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
8%
Properties sold annually

Local Market Trend (BN15)

Area prices are rising by +3.5% over the last 12 months
3 year growth: -3.3%
5 year growth: +19.0%
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

Monks Avenue, Lancing, BN15
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.97%

Current average variable rate is 6.59%

Monthly Repayments
£1,249
Based on a loan of £262,500 over 30 years at 3.97% 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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