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 %
- Est sale value
- 151,151.70 £Increased by 2.86 %
- Average area rental value
- 1,665.00 £/moIncreased by 19.18 %
- Est letting value
- 350.70 £/moUnchanged by 0.00 %
- Est rental Yield
- 4.64 %Increased by 1.09 %
- Crime Rate
- 15.00 %Unchanged by 0.00 %
Agent Activity
Gary Evans & Co created the listing.
Nearby Schools
| Name | Type | Ofsted | Distance |
|---|---|---|---|
| Springboard Education | Other Independent Special School | Requires improvement | 0.40 KM |
| Lancing Children & Family Centre | Children's Centre | 0.58 KM | |
| Seaside Primary School | Academy Converter | 0.73 KM | |
| The Globe Primary Academy | Academy Sponsor Led | Good | 1.33 KM |
| Boundstone Children & Family Centre | Children's Centre | 1.71 KM |
Images
Nearby Streets
| Name | Average Price | Average Sqft | Distance |
|---|---|---|---|
| Penhill Mews | £ 180,000 | 0 | 0.00 KM |
| Grinstead Lane | £ 168,750 | 0 | 0.00 KM |
| Freshbrook Road | £ 0 | 0 | 0.00 KM |
| Culver Road | £ 0 | 0 | 0.00 KM |
| Beach Park | £ 0 | 0 | 0.00 KM |
Nearby Transport
| Name | NLC | TLC | Distance |
|---|---|---|---|
| Lancing | 5275 | LAC | 0.58 KM |
| East Worthing | 5283 | EWR | 3.99 KM |
| Shoreham-By-Sea | 5277 | SSE | 5.34 KM |
| Worthing | 5279 | WRH | 6.36 KM |
| West Worthing | 5278 | WWO | 8.22 KM |
Nearby Listings
| Address | Price | Type | Score | Distance |
|---|---|---|---|---|
| Oaklands, Penhill Road, Lancing, West Sussex, BN15 | £ 140,000 | BUY | 5 / 10 | 0.00 KM |
| Penhill Lodge, Penhill Road, Lancing, West Sussex, BN15 | £ 240,000 | BUY | 6 / 10 | 0.00 KM |
| Penhill Road, Lancing, West Sussex | £ 185,000 | BUY | 5 / 10 | 0.03 KM |
| Hazelwood Lodge, Penhill Road, Lancing, West Sussex, BN15 | £ 130,000 | BUY | 5 / 10 | 0.03 KM |
| Penhill Road, Lancing, West Sussex, BN15 | £ 220,000 | BUY | 6 / 10 | 0.03 KM |
Nearby Properties
| Address | Price | Distance |
|---|---|---|
| 93 Penhill Road | £ 95,000 | 0.01 KM |
| 95 Penhill Road | £ 249,000 | 0.04 KM |
| 75 Penhill Road | £ 265,000 | 0.04 KM |
| 77 Penhill Road | £ 245,000 | 0.04 KM |
| 61 Penhill Road | £ 212,500 | 0.04 KM |