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North Street, Petworth, West Sussex, GU28 - Image 1
North Street, Petworth, West Sussex, GU28 - Image 2
North Street, Petworth, West Sussex, GU28 - Image 3

North Street, Petworth, West Sussex, GU28

South East

£1,320,000

Listed on 21/09/2026

The listing

Property details

Bedrooms
7
Type
Detached
Area
6512 sqft

Description

North House is a historic Grade II* Georgian townhouse situated in the heart of Petworth, offering exceptional restoration potential. Dating back to the 18th century, this substantial property features an impressive red brick façade with Georgian sash windows and a pillared portico. The accommodation spans several floors and includes a reception hall, multiple reception rooms, a kitchen/breakfast room, cellar areas, seven bedrooms, and several bathrooms. Original period features such as fireplaces, moulded ceilings, sash windows, shutters, and exposed timbers remain throughout the house. However, the property has suffered significant flooding and is now in a poor state of repair, requiring extensive refurbishment and restoration. Prospective buyers should be prepared for a comprehensive renovation program and any necessary listed building and planning consents. The gardens and grounds include formal garden areas, lawns, mature trees, planted borders, paved pathways, and a swimming pool, all of which have become overgrown and require substantial clearance and maintenance. Located less than 200 yards from the Market Square, North House occupies an outstandingly convenient position in Petworth, a town renowned for its historic charm and vibrant community. With excellent local amenities and recreational opportunities nearby, this property represents a unique opportunity to acquire and restore a historically significant listed building with extensive accommodation and grounds.

WHOTS analysis

Our WHOTS verdict

An internal assessment of the opportunity to acquire, improve and create value.

80out of 100
Grade AStrong opportunity

Confidence: MEDIUM

North House represents a remarkable opportunity to acquire a historically significant Grade II* Georgian townhouse at a strikingly low asking price of £1,320,000, which is £203/sqf compared to the local average of £466/sqf. This substantial discount of 56.5% below local £/sqf makes it an enticing prospect for savvy buyers looking to invest in a major renovation project. The property boasts extensive accommodation with original period features, offering a canvas for restoration enthusiasts to bring back its former glory.

However, the house has suffered significant flooding, leading to extensive water damage observed throughout multiple areas, including the living spaces and bedrooms. This necessitates a comprehensive programme of renovation, including potential structural repairs and extensive refurbishment. With a renovation budget estimated between £150,000–£350,000, prospective buyers should be prepared for a full-gut programme rather than a simple refresh, as the interiors will need to be stripped and rebuilt. Despite the challenges, the potential to enhance the character and layout of this grand home makes it a compelling project for those willing to take it on.

Key opportunities

  • The property's spacious seven-bedroom layout provides ample room for reconfiguration and modernisation, allowing for creative design choices.
  • Original period features, including fireplaces and moulded ceilings, can be restored to enhance the home's historical charm.
  • The extensive gardens and grounds present a chance to create an inviting outdoor space, adding significant value and appeal.

Key risks

  • Stripped interiors and a £150,000–£350,000 works budget make this a full-gut programme, not a refresh.
  • Significant water damage in multiple areas may require structural repairs and thorough restoration work.

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Location

North Street, Petworth, West Sussex, GU28
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Finance

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Illustrative repayments based on the asking price, not a mortgage offer.

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Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£4,987
Based on a loan of £990,000 over 30 years at 4.45% 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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