Lextons Auctions initially set a guide price of £500,000 for the four-bedroom detached house in South Street, Tarring, and the sale was listed for September 25.
The agents say this is a rare opportunity to acquire a landmark residence of considerable local significance, occupying a substantial plot close to Tarring Park and West Worthing railway station.
The guide price has now been dropped to £350,000 and a new auction date has been set for October 23.
Set back from the road, the imposing double-fronted Victorian house offers grandly-proportioned accommodation and exceptional scope for restoration.
The broad entrance hall, centred on an elegant wide staircase, sets the tone for the interior. Three generous reception rooms provide flexible living and entertaining space, while the impressive kitchen and dining room opens through French doors on to the extensive garden.
A ground-floor bathroom, large pantry and utility room with side access complete the ground floor.
Upstairs, four spacious bedrooms are arranged around a central landing, together with a well-proportioned family bathroom.
The gardens are a defining feature, extending more than 40 metres and framed by mature trees and established planting.
At the far end stands the Grade II listed Tarring Folly, a striking neo-medieval flint tower with a turreted crown that holds a distinctive place in local history.
A separate outbuilding of approximately 30 sq m offers further versatility as a studio, home office, annexe or creative space, subject to any necessary consents.
Requiring comprehensive modernisation, the property presents an exceptional opportunity to preserve and reimagine a substantial period home to individual taste, say the agents.
All information and images courtesy of Zoopla, where more information about this property, and more images, can be found – along with many more homes in the Worthing area and beyond.

9. South Street, Tarring
Four spacious bedrooms are arranged around a central landing Photo: Zoopla

10. South Street, Tarring
The property requires comprehensive modernisation Photo: Zoopla

11. South Street, Tarring
There is a ground-floor bathroom Photo: Zoopla

12. South Street, Tarring
The well-proportioned family bathroom on the first floor Photo: Zoopla


