We've tightened what earns a Pursue. A home now needs a published valuation, a strategy that still makes money after real running costs and lender stress tests, and no listing problems that would stop a mortgage. You'll see fewer Pursues, and each one has been checked harder.
See how verdicts work2-bedroom house · BN43 6BW
Sold STCListed 247 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
*** £229,850 *** *** RESIDENTS MUST BE OVER 55 YEARS OF AGE *** WARWICK BAKER ESTATE AGENTS ARE DELIGHTED TO OFFER THIS RARELY AVAILABLE GROUND FLOOR RETIREMENT APARTMENT.
LOCATED WITHIN A SHORT STROLL TO BUCKINGHAM PARK, WITH THE TOWN CENTRE AND MAINLINE RAILWAY STATION ( LONDON VICTORIA - 80 MINUTES ) WITHIN 1 MILE.
THE APARTMENT BENEFITS FROM A SECURITY DOOR ENTRY PHONE SYSTEM, LOUNGE, SOUTH FACING KITCHEN/DINER, TWO BEDROOMS AND SHOWER ROOM. NO UPWARD CHAIN.
INTERNAL VIEWING HIGLY RECOMMENDED BY THE VENDORS SOLE AGENT.
Front door leading to: Entrance Hall - 2.65 x 2.27 (8'8" x 7'5") - Being ' L ' shaped, security door entry phone system, panic alarm cord, ' DIMPLEX ' night storage heater, double doors giving access to airing cupboard housing cold water tank, pre-factory lagged hot water cylinder, slatted shelving.
Door off entrance hall to: Lounge - 4.64 x 3.82 (15'2" x 12'6") - Double glazed windows to the front, feature log effect fireplace with contemporary style fire surround and mantle, ' DIMPLEX ' night storage heater.
Opening off lounge to: Kitchen/Diner - 3.34 x 3.20 (10'11" x 10'5") - Comprising stainless steel sink unit with hot and cold taps inset into worktop, drawer and storage cupboards under, space and plumbing for washing machine to the side, tiled splash back, larder style storage cupboard to the side, storage cupboard over, matching worktop to the side with inset ' HOTPOINT ' four ring electric hob, drawers and cupboards under, tiled splash back, complemented by matching wall units over, display shelf, ' CANDY ' extractor hood to the side, built in ' HOTPOINT ' electric oven to the side, drawer under, storage cupboard over, further adjacent wood effect worktop with storage cupboard under, space to the side for fridge, complemented by matching wall units over, vinyl flooring, double glazed windows to the rear having a favoured southerly aspect.
Door off entrance hall to: Bedroom 1 - 3.33 x 3.29 (10'11" x 10'9") - Double glazed windows to the rear having a favoured southerly aspect, ' DIMPLEX ' night storage heater, built in sliding double mirrored doored wardrobe with hanging and shelving space.
Door off entrance hall to: Bedroom 2 - 3.42 x 2.04 (11'2" x 6'8") - Double glazed windows to the front, electric convector heater.
Door off entrance hall to: Bathroom - Being fully tiled, comprising sink unit with hot and cold taps, double doored storage cupboard under, low level wc, mirrored medicine cabinet, mirror, shaver light point, towel rail, frosted double glazed window, tiled flooring, step in fully tiled shower cubicle with ' MIRA ' independent shower unit with separate shower attachment, three hand grips, glass shower screen.
Outgoings - MAINTENANCE:- £2,636 PER ANNUM GROUND RENT:- PEPPERCORN LEASE:- 151 YEARS REMAINING ON-SITE WARDEN ( DURING CERTAIN HOURS `) 24 HOUR ALARM SERVICE
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.
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About Fairlawns, Shoreham-By-Sea
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