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South East
£498,950
Listed on 10/09/2026
Listed on 10/09/2026
The listing
WHOTS analysis
An internal assessment of the opportunity to acquire, improve and create value.
Confidence: MEDIUM
This two-bedroom detached bungalow in the quiet village of Elsted offers a spacious layout with significant potential for customization. While it requires substantial refurbishment, including updates throughout the living areas, bedrooms, and kitchen, the good exterior condition and the inviting garden add to its charm. The property's location is appealing, situated in a cul-de-sac and surrounded by beautiful countryside, making it a great setting for a family home or a peaceful retreat.
However, the asking price of £498,950, which translates to £453/sqf, sits slightly above the local average of £445/sqf. Coupled with an estimated renovation range of £50,000 to £100,000, the all-in cost appears stretched against local benchmarks for similar properties, potentially limiting the investment upside. Buyers should consider the economic outlook carefully as they weigh this opportunity against local market conditions.
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Finance
Illustrative repayments based on the asking price, not a mortgage offer.
Current average 2-year fixed rate is 4.45%
Current average variable rate is 6.60%
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.
Tax
Indicative tax based on the asking price and the options you select.
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