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 %
- Est sale value
- 486,000.00 £Decreased by 15.33 %
- Average area rental value
- 1,200.00 £/moDecreased by 24.24 %
- Est letting value
- 1,000.00 £/moUnchanged by 0.00 %
- Est rental Yield
- 2.53 %Decreased by 18.91 %
- Crime Rate
- 66.00 %Unchanged by 0.00 %
Agent Activity
Southdown Property Solutions created the listing.
Nearby Schools
| Name | Type | Ofsted | Distance |
|---|---|---|---|
| Midhurst Rother College | Academy Sponsor Led | Outstanding | 0.26 KM |
| Midhurst Cofe Primary School | Voluntary Controlled School | Good | 0.80 KM |
| Conifers School | Other Independent School | 1.24 KM | |
| Easebourne Cofe Primary School | Voluntary Controlled School | Good | 1.62 KM |
| Stedham Primary School | Community School | Good | 4.34 KM |
Images
Nearby Streets
| Name | Average Price | Average Sqft | Distance |
|---|---|---|---|
| Wyndham Court | £ 399,950 | 0 | 0.00 KM |
| Belloc Close | £ 0 | 0 | 0.00 KM |
| Hill Top | £ 0 | 0 | 0.00 KM |
| Pretoria Road | £ 0 | 0 | 0.00 KM |
| Victoria Avenue | £ 316,667 | 0 | 0.00 KM |
Nearby Listings
| Address | Price | Type | Score | Distance |
|---|---|---|---|---|
| Rumbolds Hill, Midhurst, West Sussex, GU29 | £ 550,000 | BUY | 5 / 10 | 0.00 KM |
| Rumbolds Hill, Midhurst, West Sussex, GU29 | £ 190,000 | BUY | 5 / 10 | 0.00 KM |
| Rumbolds Hill, Midhurst, West Sussex, GU29 | £ 175,000 | BUY | 4 / 10 | 0.00 KM |
| Knockhundred Row, Midhurst, West Sussex, GU29 | £ 350,000 | BUY | 6 / 10 | 0.06 KM |
| Knockhundred Row, Midhurst | £ 465,000 | BUY | 5 / 10 | 0.06 KM |
Nearby Properties
| Address | Price | Distance |
|---|---|---|
| 5 Knockhundred Row | £ 375,100 | 0.06 KM |
| Curfew Garden Court | £ 306,000 | 0.06 KM |
| Knockhundred Mews | £ 225,000 | 0.06 KM |
| Rumbolds House | £ 120,000 | 0.07 KM |
| 14b North Street | £ 148,000 | 0.09 KM |