2-bedroom flat · RH20 4PR
For saleListed 86 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
DESCRIPTION COMMUNAL ENTRANCE Stairs or passenger lift leading up to second floor, front door to: ENTRANCE HALL Wall-mounted electric radiator.
DUAL ASPECT SITTING ROOM/DINING ROOM 16' 3" x 14' 6" (4.95m x 4.42m) Two wall-mounted electric heaters, double glazed windows, recessed dining area, outlook over Storrington and towards the South Downs, door accessing wrought iron balcony.
KITCHEN 7' 10" x 7' 3" (2.39m x 2.21m) Range of wood style wall and base units with laminate roll top working surfaces with stainless steel single drainer sink unit, built-in fan assisted electric oven and hob, space and plumbing for washing machine, double glazed window with outlook over communal gardens.
BEDROOM ONE 15' 0" x 9' 8" (4.57m x 2.95m) Built-in wardrobe cupboards, wall-mounted electric heater, double glazed French doors leading to balcony.
BEDROOM TWO 9' 8" x 7' 5" (2.95m x 2.26m) Built-in wardrobe cupboards, double glazed window.
SHOWER ROOM Built-in double shower with sliding glass and chrome screen and fitted independent shower unit with separate overhead soaker, fully tiled walls, laminate flooring, w.c.
OUTSIDE COMMUNAL RESIDENTS PARKING AREA COMMUNAL GARDENS Attractive communal gardens. SERVICE CHARGE & LEASE DETAILS The Lease was initially signed on 18 Sept 1972, and it is for 999 years.
Therefore, the amount remaining on the lease is 935 years. The service charge is currently £2460 per annum.
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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