Elm Bank, Durrington Hill, Worthing, West Sussex, BN13 2PY

Description

Freehold detached house

Accommodation

First floor: Principal bedroom with en-suite, two further bedrooms, bathroom/wc. Ground floor: One bedroom with en-suite, two reception rooms, kitchen, shower room. Outside: Garden, drive.

Location

The property is located on Durrington Hill. Shopping amenities are available within Worthing Town Centre lying to the south east and within Chichester City Centre located to the west. Public transport links can be found at Durrrington-on-Sea Train Station lying to the south along with a network of local bus services serving the surrounding areas. The property is served by road links including the A27 located to the north and the A24 lying to the east. Recreational pursuits are available locally.

Tenure / Property Information

Investment Analysis

The supplied sold evidence comprises five detached freehold properties on Durrington Hill, ranging from £325,000 to £695,000, with the two 2024 sales at £423,500 and £490,000. However, bedroom count, floor area, condition, specification and sale comparability are not supplied, so a reliable GDV or valuation range cannot be established. The £300,000 guide is below all listed sold comparables, but this may reflect unknown condition, legal or other auction-specific factors rather than confirmed value uplift.

Investment Snapshot

Strategy Recommendation

Treat as an inspection-led opportunity only. Do not bid on a projected flip, BTL or BRRR return until condition, legal-pack obligations, rental evidence, comparable specification and all completion charges are verified.

Works Required

No specific defects or required works are evidenced. A physical inspection and review of the legal pack are required before allowing for refurbishment, compliance works or maintenance.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

A BRRR appraisal cannot be underwritten without a supported post-works GDV, refurbishment budget, achievable rent and confirmed refinance assumptions. The guide is £300,000 and the known contract documentation fee is £1,800 inclusive of VAT; possible seller charges are additional and unspecified.

Buy-to-Let Analysis

BTL appraisal cannot be established because no sufficiently specific rental comparable or auctioneer rent estimate is supplied. Operating costs, finance costs and any required works are also unknown. The property has four bedrooms, but its rental configuration and achievable rent are unverified.

Flip Analysis

The guide is below the supplied same-road detached freehold sales, including £423,500 and £490,000 in 2024, but the comparables lack bedroom, size and condition detail. A flip surplus cannot be calculated because GDV, works, selling costs and any seller charges are not sufficiently supported.

Investor Risks & Due Diligence

• Condition and required works are not described, so refurbishment costs cannot be estimated.

• No sufficiently specific rental evidence or passing rent is supplied.

• The sold comparables vary materially from £325,000 to £695,000 and lack bedroom, size and condition detail.

• The seller may charge additional completion fees under the Special Conditions of Sale; amounts are not supplied.

• Parking and heating details require confirmation from the auction centre.

• The legal pack and any special conditions have not been provided.

Recommendation

Treat as an inspection-led opportunity only. Do not bid on a projected flip, BTL or BRRR return until condition, legal-pack obligations, rental evidence, comparable specification and all completion charges are verified.

Strategy Rating

Analysis Confidence

There is useful same-road sold-price evidence and a stated guide, but no property floor area, condition assessment, rental evidence, refurbishment budget, GDV confirmation or complete fee schedule.