Oaklands, Penhill Road, Lancing, West Sussex, BN15
GA

Oaklands, Penhill Road, Lancing, West Sussex, BN15

By Gary Evans & Co

£ 140,000

Reviews

2 out of 5 stars

Gary Evans & Co says ..

PURPOSE BUILT FIRST FLOOR STUDIO APARTMENT - INVESTMENT OPPORTUNITY

Property Oracle says ..

This property is a studio apartment located on Penhill Road in Lancing, West Sussex. It’s situated within a short distance of Lancing train station, offering good transport links. The apartment includes one bathroom and is described as a studio, suggesting a combined living and sleeping area. The building itself appears to be a multi-unit structure, typical of purpose-built apartment blocks. The condition is generally acceptable, but the property could benefit from modernization to increase its attractiveness. The interior pictures show a functional layout, although the furniture and decor are somewhat dated. The lack of substantial private outdoor space is a limiting factor. The price reflects the current market value for similar properties in the area. Overall, it could be a viable option for a first-time buyer or an investor looking for a rental property in a convenient location. However, prospective buyers should be aware of the apartment’s size and the relatively modest amount of outdoor space available.

Therefore, we give this property 5 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

Price
7
Condition
6
Location
7
Land
2
Bedrooms
1
Bathrooms
1
Sqft (est)
350.70

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
430,833.00 £
Increased by 18.07 %
from 364,903.00 £
Est sale value
151,151.70 £
Increased by 2.86 %
from 146,943.30 £
Average area rental value
1,665.00 £/mo
Increased by 19.18 %
from 1,397.00 £/mo
Est letting value
350.70 £/mo
Unchanged by 0.00 %
from 350.70 £/mo
Est rental Yield
4.64 %
Increased by 1.09 %
from 4.59 %
Crime Rate
15.00 %
Unchanged by 0.00 %
from 15.00 %

Agent Activity

  • Gary Evans & Co created the listing.

Nearby Schools

NameTypeOfstedDistance
Springboard EducationOther Independent Special SchoolRequires improvement0.40 KM
Lancing Children & Family CentreChildren's Centre0.58 KM
Seaside Primary SchoolAcademy Converter0.73 KM
The Globe Primary AcademyAcademy Sponsor LedGood1.33 KM
Boundstone Children & Family CentreChildren's Centre1.71 KM

Images

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Nearby Streets

NameAverage PriceAverage SqftDistance
Penhill Mews £ 180,00000.00 KM
Grinstead Lane £ 168,75000.00 KM
Freshbrook Road £ 000.00 KM
Culver Road £ 000.00 KM
Beach Park £ 000.00 KM

Nearby Transport

NameNLCTLCDistance
Lancing5275LAC0.58 KM
East Worthing5283EWR3.99 KM
Shoreham-By-Sea5277SSE5.34 KM
Worthing5279WRH6.36 KM
West Worthing5278WWO8.22 KM

Nearby Listings

AddressPriceTypeScoreDistance
Oaklands, Penhill Road, Lancing, West Sussex, BN15 £ 140,000BUY5 / 100.00 KM
Penhill Lodge, Penhill Road, Lancing, West Sussex, BN15 £ 240,000BUY6 / 100.00 KM
Penhill Road, Lancing, West Sussex £ 185,000BUY5 / 100.03 KM
Hazelwood Lodge, Penhill Road, Lancing, West Sussex, BN15 £ 130,000BUY5 / 100.03 KM
Penhill Road, Lancing, West Sussex, BN15 £ 220,000BUY6 / 100.03 KM

Nearby Properties

AddressPriceDistance
93 Penhill Road £ 95,0000.01 KM
95 Penhill Road £ 249,0000.04 KM
75 Penhill Road £ 265,0000.04 KM
77 Penhill Road £ 245,0000.04 KM
61 Penhill Road £ 212,5000.04 KM