3-bedroom bungalow · RH6 0AG
Listing removedListed 295 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Guide Price £600,000 - £650,000.
A beautifully updated and extended three bedroom detached bungalow offering generous, flexible accommodation, a high quality loft conversion, and excellent scope for multi-purpose use, positioned on the outskirts of the charming village of Charlwood and Horley town.
The tandem garage offers great potential for conversion to ancillary accommodation, subject to obtaining the usual planning and building consents.
The property has been thoughtfully improved over time, with a substantial rear ground floor extension and a high standard loft conversion added by the current owners.
These improvements have transformed the home into a spacious and versatile property ideal for modern living.
The ground floor now offers a generous lounge with vaulted ceiling and French doors opening onto the rear garden, alongside an impressive open plan kitchen/dining room designed for everyday living and entertaining.
The kitchen is well equipped with ample storage, integrated appliances, and space for an American-style fridge/freezer.
Also on the ground floor is a refitted shower room and two well proportioned bedrooms, one of which is currently used as a study, offering flexibility for home working or guest accommodation.
The loft conversion provides an excellent principal bedroom suite, complete with en-suite bathroom and built-in storage, creating a private retreat separate from the main living space.
While there is some restricted head height typical of loft rooms, the space has been finished to a high standard and has been in comfortable use for several years.
Outside: Externally, the property benefits from a generous rear garden with a combination of decking and lawn, ideal for outdoor entertaining, along with a summer house and shed, both with power and lighting.
To the front, a brick-paved driveway provides parking for four to five vehicles and leads to a tandem-length garage with power, lighting and side access.
The garage offers excellent potential to be converted into an annexe, home office or workshop (subject to any necessary consents), with a further workshop area to the rear.
Value & comps
No previous sales on record.
Returns
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Archie refurb estimate: a Pro feature
0.0% below asking
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Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
Agent & docs
FAQ
About 23, Povey Cross Road, Horley
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