Studio flat · BN15 8HB
Sold STCListed 221 days
Opportunity summary
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About
A second (top) floor purpose built flat situated within the catchment area of Lancing, close to local shops, schools and mainline railway station.
The accommodation consists of a communal entrance, reception hall, studio room, kitchen, shower room, communal grounds and gardens.
Communal Hallway - Glazed front door with security entryphione system. Staircase to second floor landing. Private door to flat.
Entrance Hall - 2.13m’0.91m x 1.22m’3.05m (7’3 x 4’10) - Built in linen cupboard. LVT flooring. Textured ceiling.
Studio Room - 5.79m’2.74m x 3.05m’1.83m (19’9 x 10’6) - Dual aspect via South and North facing double glazed windows offering view across parts of Lancing and to the Downs beyond. Electric heater.
LVT flooring. Entryphone. Textured ceiling. Opening to kitchen.
Kitchen - 2.44m’3.05m’ x 2.13m’1.22m (8’10’ x 7’4) - New fitted suite comprising of a single drainer sink unit having mixer taps and storage cupboards below.
Area of work surfaces with Additional cupboard and drawers under. Matching shelves wall units. Space for cooker, washing machine and additional appliance. Part tiles walls. LVT flooring.
Textured ceiling. South aspect double glazed window. Shower Room - 2.13m’0.91m x 1.52m’1.83m (7’3 x 5’6) - Refitted suite comprising of a step in shower cubicle with shower unit, head and attachment.
Wash hand basin having mixer taps and storage cupboard below. Push button w.c. Levelled ceiling. Extractor fan. Communal Grounds - Communal grounds to the front and rear of the development.
Parking - There is a car park situated to the rear of the development. Permission to use is on a permit basis and details can be found on the block noticeboard.
Lease & Maintance - Lease: 189 years from 25 March 1984 (147 years unexpired) Ground Rent: £0 Per Annum Maintenance: £1,555 Per Annum Council Tax - Council Tax Band A
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.
Area
Agent & docs
FAQ
About Hazelwood Lodge, Penhill Road, Lancing
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