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Penhill Road, Lancing, West Sussex, BN15 - Image 1
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Penhill Road, Lancing, West Sussex, BN15

South East

£350,000

Listed on 26/05/2026

Property Details

Bedrooms
3
Type
Semi Detached
Area
1341 sqft

Description

Located in the sought-after South Lancing neighborhood, this three-bedroom semi-detached property presents a promising opportunity for those interested in renovation and investment. The home is well-situated near Lancing train station, the seafront, and an array of local amenities, making it an attractive option for families looking to create a long-term residence with modern touches. The ground floor features a spacious bay-fronted living room equipped with a charming log burner and a versatile additional reception area that can be adapted into a dining room, family room, or home office according to your needs. At the rear, the kitchen/dining space includes traditional-style units and ample room for appliances, further benefiting from patio doors leading to a south-facing garden—perfect for gatherings or everyday use. A lean-to area adds practicality with extra storage options. Upstairs hosts three well-sized bedrooms; the principal bedroom enjoys a bay window and decorative fireplace, while the two other bedrooms embrace pleasant southern views. Completing this level is a modern shower room fitted with contemporary fixtures. Externally, the property features a spacious south-facing garden with both paved and lawn areas suited for enjoying sunny days. A private driveway at the front allows off-road parking for one vehicle. This property not only offers generous living spaces but also significant renovation potential to tailor it to modern tastes and family needs.

Investment Analysis

(BN15 area)

Below Market Value

This property is priced -33.2% below area average per sq ft

-33.2%
Potential saving
This Property
£261/sq ft
Area Average
£391/sq ft
Avg Rent (weekly)
£271
Avg Yield
3.9%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £45,000
Target Value
£576,395
10% above area average per sq ft
Potential ROI
+45.9%
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

Penhill Road, Lancing, West Sussex, 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.

Stamp Duty Calculator

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