Rumbolds Hill, Midhurst, West Sussex, GU29
SO

Rumbolds Hill, Midhurst, West Sussex, GU29

By Southdown Property Solutions

£ 175,000

Reviews

2 out of 5 stars

Southdown Property Solutions says ..

Planning consent has been granted (SDNP/24/00452/FUL) to provide the opportunity to create a one-bedroom first-floor holiday apartment with a retail unit and store below, situated in the heart of Midhurst.

Property Oracle says ..

This property in Midhurst, West Sussex, presents a unique investment opportunity. Currently, it appears to be undergoing or requiring significant renovation, as evident from the architectural plans and images. The property has planning permission granted (SDNP/24/00452/FUL) to convert the existing building into a one-bedroom first-floor holiday apartment with a retail unit below. This suggests a potential for a lucrative rental income once completed. The location on North Street in Midhurst is attractive, benefitting from its proximity to local amenities and highly rated schools. However, the lack of land, which is typical of properties in central town locations, may be a limitation for some buyers. The current listed price of £175,000 will depend on the costs of the conversion and the perceived potential for rental income, along with the current market dynamics for similar properties in Midhurst. Potential buyers should carefully factor in the costs of renovations, along with obtaining independent valuations, and legal and financial advice before proceeding with a purchase. Overall, it’s an interesting project requiring careful consideration of all potential costs and risks, but the potential for rental income post conversion is certainly a key advantage.

Therefore, we give this property 4 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

Price
6
Condition
4
Location
7
Land
1
Bedrooms
1
Bathrooms
1
Sqft (est)
1,000.00

The heatmap indicates the level of crime in the area. The color of the heatmap indicates the crime severity and recency.

Metrics Year-on-Year

Average area value
568,889.00 £
Decreased by 6.48 %
from 608,317.00 £
Est sale value
486,000.00 £
Decreased by 15.33 %
from 574,000.00 £
Average area rental value
1,200.00 £/mo
Decreased by 24.24 %
from 1,584.00 £/mo
Est letting value
1,000.00 £/mo
Unchanged by 0.00 %
from 1,000.00 £/mo
Est rental Yield
2.53 %
Decreased by 18.91 %
from 3.12 %
Crime Rate
66.00 %
Unchanged by 0.00 %
from 66.00 %

Agent Activity

  • Southdown Property Solutions created the listing.

Nearby Schools

NameTypeOfstedDistance
Midhurst Rother CollegeAcademy Sponsor LedOutstanding0.26 KM
Midhurst Cofe Primary SchoolVoluntary Controlled SchoolGood0.80 KM
Conifers SchoolOther Independent School1.24 KM
Easebourne Cofe Primary SchoolVoluntary Controlled SchoolGood1.62 KM
Stedham Primary SchoolCommunity SchoolGood4.34 KM

Images

Picture No. 09 Picture No. 10 Picture No. 06 Picture No. 08 Picture No. 10 Picture No. 13 Picture No. 14 Picture No. 15 Picture No. 16 Picture No. 12

Nearby Streets

NameAverage PriceAverage SqftDistance
Wyndham Court £ 399,95000.00 KM
Belloc Close £ 000.00 KM
Hill Top £ 000.00 KM
Pretoria Road £ 000.00 KM
Victoria Avenue £ 316,66700.00 KM

Nearby Listings

AddressPriceTypeScoreDistance
Rumbolds Hill, Midhurst, West Sussex, GU29 £ 550,000BUY5 / 100.00 KM
Rumbolds Hill, Midhurst, West Sussex, GU29 £ 190,000BUY5 / 100.00 KM
Rumbolds Hill, Midhurst, West Sussex, GU29 £ 175,000BUY4 / 100.00 KM
Knockhundred Row, Midhurst, West Sussex, GU29 £ 350,000BUY6 / 100.06 KM
Knockhundred Row, Midhurst £ 465,000BUY5 / 100.06 KM

Nearby Properties

AddressPriceDistance
5 Knockhundred Row £ 375,1000.06 KM
Curfew Garden Court £ 306,0000.06 KM
Knockhundred Mews £ 225,0000.06 KM
Rumbolds House £ 120,0000.07 KM
14b North Street £ 148,0000.09 KM