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Mile Oak Road, Portslade BN41

South East

£350,000

Listed on 09/07/2026

Property details

Bedrooms
2
Type
Detached Bungalow
Area
595 sqft

Description

Nestled in the desirable Mile Oak area of Portslade, this detached two-bedroom bungalow offers significant potential for renovation and personalization. Featuring a spacious lounge/diner and a separate kitchen, the property is complemented by two well-sized bedrooms with built-in storage and a functional shower room. The outdoor space boasts a generous west-facing garden that benefits from ample sunlight, providing an excellent canvas for landscaping or expansion. With a private driveway and garage included, this home ensures convenient off-road parking and additional storage solutions. Being sold with no onward chain allows for flexible viewing and quicker transactions. The location is ideal, with proximity to the scenic South Downs and easy access to the A27 for commuters. Local amenities on Mile Oak Road, Graham Avenue, and Valley Road include various shops, while Boundary Road in central Portslade features a blend of high street stores and local cafes. Larger retail options are available at Holmbush Centre nearby, along with excellent transport links via Portslade mainline station just a short drive away. Families will appreciate the nearby educational institutions such as Mile Oak Primary School and Portslade Aldridge Community Academy.

Investment analysis

(BN41 area)

Above Market Value

This property is priced +36.6% above area average per sq ft

+36.6%
This Property
£588/sq ft
Area Average
£431/sq ft
Avg Rent (weekly)
£377
Avg Yield
5.0%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£281,828
10% above area average per sq ft
Potential ROI
-27.7%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
17
Average per month
Market Turnover
18%
Properties sold annually

Local Market Trend (BN41)

Area prices are rising by +4.3% over the last 12 months
3 year growth: -3.7%
5 year growth: +10.4%
Investment Disclaimer: Analysis based on BN41 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

Mile Oak Road, Portslade BN41
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Mortgage calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£1,322
Based on a loan of £262,500 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.

Stamp duty calculator

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