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See how verdicts work2-bedroom semi-detached house · RH10 3YQ
Listing removedListed 54 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Shared Ownership Opportunity | Ideal First Home | Two Double Bedrooms | Private Garden | Driveway Parking Offered to the market on a shared ownership basis, this beautifully presented two-bedroom semi-detached home provides an excellent opportunity for first-time buyers and those looking to step onto the property ladder in a sought-after residential location.
The accommodation is well designed for modern living, with a welcoming entrance hall leading to a spacious 18ft living room, perfect for relaxing or entertaining guests.
To the rear, the bright and contemporary kitchen/dining room enjoys direct access to the garden, creating an ideal space for family meals and social gatherings, while a convenient ground floor cloakroom completes the downstairs accommodation.
Upstairs, the property offers two generous double bedrooms, both providing excellent proportions, together with a modern family bathroom.
Outside, the home continues to impress with a good-sized rear garden, offering plenty of space for outdoor dining, summer barbecues and entertaining family and friends.
To the front, there is the added benefit of off-road parking for two vehicles.
Situated in a popular area of Crawley, the property is well placed for local amenities, schools, transport links and access to the town centre, making it an ideal choice for professionals, couples and young families alike.
This fantastic shared ownership home combines affordable homeownership with spacious accommodation, private outdoor space and convenient parking. Early viewing is highly recommended.
Please note: The property is being sold on a shared ownership basis. Eligibility criteria, rent payable on the unowned share and other associated costs should be verified by prospective purchasers.
Location Payne Way is a popular modern development situated on the southern side of Crawley, offering an excellent balance of convenience, green spaces and commuter connectivity.
The area is particularly popular with first-time buyers, young families and professionals seeking well-connected living within easy reach of local amenities.
Residents benefit from a range of nearby facilities, including local shops, supermarkets, cafes and leisure facilities, while Crawley town centre provides an extensive selection of retail, dining and entertainment options.
The neighbouring areas of Maidenbower and Pound Hill further enhance the choice of schools, parks and everyday amenities.
For commuters, the location is exceptionally well placed, with excellent access to the M23, providing direct routes to Gatwick Airport, the M25 and London.
Three Bridges Railway Station is within easy reach and offers regular services to London Victoria, London Bridge, Brighton and the South Coast, making this an attractive choice for those travelling for work.
The area is also well served by a selection of highly regarded schools and enjoys easy access to a number of green open spaces, walking routes and recreational facilities, creating an ideal environment for families and those who enjoy an active lifestyle.
Combining modern convenience, excellent transport links and access to a wide range of amenities, Payne Way is a sought-after location that continues to attract buyers looking for a well-connected home in the heart of West Sussex.
Shared Ownership This property is available to purchase on a shared ownership basis, providing an affordable route onto the property ladder.
Shared ownership allows purchasers to buy a share of the property while paying rent on the remaining share owned by the housing association.
Prospective purchasers must meet the eligibility criteria set by the housing association and may be required to undergo a financial assessment as part of the application process.
The advertised price represents the share available for sale and not the full market value of the property.
In addition to any mortgage payments, purchasers will be required to pay a monthly rent on the unowned share together with any applicable service charges, ground rent (if applicable) and other associated costs.
Interested parties are advised to verify the percentage share available, rental payments, service charges, lease details, eligibility requirements and any restrictions directly with the housing association before proceeding with a purchase.
All information should be independently checked by your solicitor during the conveyancing process. The buyer must live in the property and not own any other homes. This must be there sole home.
It cannot be bought by a company unless they staircase to 100%.
Name of housing association - Sparrow Shared Ownership Lease expiry date - The lease is 125 years with the start date as 08/04/2021, to 08/04/2146 Monthly rent payable - £661.64 Annual service charge - £76.38 monthly x 12 = £916.56 Property Ownership Information Tenure Shared ownership Council Tax Band C Percentage Share Owned 40% Additional Monthly Rent £661.64 Annual Ground Rent No ground rent Ground Rent Review Period No review period Annual Service Charge £916.56 Service Charge Review Period Every 1 year Lease End Date 07/04/2146 Property Description Disclaimer This is a general description of the property only, and is not intended to constitute part of an offer or contract.
It has been verified by the seller(s), unless marked as "draft".
Purplebricks conducts some valuations online and some of our customers prepare their own property descriptions, so if you decide to proceed with a viewing or an offer, please note this information may have been provided solely by the vendor, and we may not have been able to visit the property to confirm it.
If you require clarification on any point then please contact us, especially if you’re traveling some distance to view.
All information should be checked by your solicitor prior to exchange of contracts. Successful buyers will be required to complete anti-money laundering and proof of funds checks.
The current non-refundable cost is £80 inc. VAT per offer. You’ll need to pay this to Purplebricks and complete all checks before we can issue a memorandum of sale.
The cost includes obtaining relevant data and any manual checks and monitoring which might be required.
Value & comps
No previous sales on record.
Returns
Set an offer; the calculator follows it.
We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below asking
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
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.
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About 8, Payne Way, Crawley
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