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See how verdicts work1-bedroom flat · BN16 1SR
Listing removedListed 613 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A bright and spacious first floor retirement flat situated in a "tucked away" and quiet development in the heart of East Preston village and within walking distance of most key amenities including the 700 bus stop.
The seafront is also found within a quarter of a mile as well.
The flat itself benefits from its' own private entrance door with porch and stairs leading up to a hallway, one double bedroom with built-in wardrobe, lounge/diner, re-fitted kitchen and a recently installed bespoke wet room/w.c.
Other benefits are replacement double glazed windows and an emergency pull-cord system with care line facility. Externally there are well maintained communal gardens.
East Preston village which enjoys a range of restaurants, cafes, convenience stores and bars. The village green and seafront can be found within close proximity.
East Preston is centrally situated on the West Sussex Coast almost midway between the cathedral city of Chichester and Brighton.
The village is located just off the A259 which provides good links to the neighbouring towns of Littlehampton, Bognor Regis and Worthing.
Angmering mainline railway station is found within approximately 1.5 miles and provides a regular service to Gatwick Airport and London.
Tenure - Leasehold - 99 year lease from 1st April 1988 therefore there are currently 62 years remaining on the lease.
Ground Rent - £100 per annum Maintenance: £248.35 per month Age Restriction - Male occupants must be 65+, female occupants must be 60+ Council Tax Band - B Energy Efficiency Rating – C73
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
Agent & docs
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FAQ
About 13 Chestnut Court, Sea Road, East Preston
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