1-bedroom house · BN11 4TH
For saleListed 50 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
This well presented retirement flat features a spacious bedroom and juliette balcony, situated on the first floor, located in the heart of Worthing Town, close to the popular Worthing Seafront.
Situated in a highly sought-after area, this beautifully presented retirement apartment offers a spacious double bedroom and a Juliette balcony, conveniently located close to local shops, restaurants, and amenities in Worthing Town.
Upon entering the property, a welcoming hallway includes a built-in cupboard providing ample storage space for personal belongings.
The open-plan living and dining area is bright and generously proportioned, with double doors leading to the Juliette balcony, creating a light and airy atmosphere.
There is plenty of space for a comfortable sofa, dining table, and chairs.
Adjacent to the living area is a modern fitted kitchen, equipped with a range of wall and base units offering plentiful storage, as well as integrated appliances for convenience.
The spacious double bedroom benefits from abundant natural light and includes a built-in wardrobe, providing excellent storage and space for additional bedroom furniture.
The contemporary shower room comprises a walk-in shower, integrated storage, a wash basin, and a WC. Externally, the property benefits from unallocated residents’ parking.
Built in 2000 by Pegasus Retirement Homes, Pegasus Court is a superb development of retirement apartments situated in a convenient location within reach of Worthing's main Town Centre and Seafront.
The property benefits from having numerous features including night storage heating, double glazing and communal facilities including residents lounge.
Leasehold Unexpired Years: 99 Annual Ground Rent: £399 Ground Rent Increase: Tbc Ground Rent Review Period: Tbc Annual Service: £4,049 These details are to be confirmed by the vendor's solicitor and must be verified by a buyer's solicitor.
Additional information Materials used in construction: Ask agent For further information on broadband and mobile coverage, please refer to the Ofcom Checker online Should a purchaser(s) have an offer accepted on a property marketed by Charters Estate Agents, they will need to undertake an identification check.
This is done to meet our obligation under Anti Money Laundering Regulations (aml) and is a legal requirement. We use a specialist third party service to verify your identity.
The cost of these checks is £60 inc. VAT per purchaser, which is paid in advance, when an offer is agreed and prior to a sales memorandum being issued.
This charge is non-refundable under any circumstances.
Situated in a highly convenient location and within half a kilometre of Worthing seafront and promenade and within a short distance of Montague Street with its comprehensive shopping facilities.
The property is served by Worthing mainline railway station and bus routes pass along the A259 and Worthing Seafront.
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
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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
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FAQ
About 8 Pegasus Court,, Shelley Road, West Sussex
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