1-bedroom flat · BN18 9FE
Listing removedReduced £25k (−20%) on 14 JulListed 325 days
Opportunity summary
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About
A beautiful one double bedroom apartment situated on the second floor with lift access.
This apartment boasts a modern kitchen with integrated appliances, south westerly aspect, spacious living area with ample room for dining and comfortable seating, bathroom and store room.
Caen Stone Court, a McCarthy Stone Retirement development is nestled in Arundel and features landscaped gardens as well as a Homeowner's lounge where social events take place.
Development Overview Caen Stone Court was built in 2009 purpose built for retirement living and consists of 24 apartments within a central location close to shops and cafes.
Communal facilities include a fully equipped laundry room a lift to all floors and a mobility scooter store with charging points.
There is a Homeowners lounge with doors leading to a small maintained courtyard garden.
The door entry system ensures peace of mind and the 24 hour emergency call system is provided by a personal pendant with a call point in the bathroom.
There is a House Manager on site and the development will link through to the 24 hour emergency call system for when they are off duty.
There is a guest suite that you can book for when friends and relatives wish to stay (charges apply). It is a condition of purchase that all Residents must be over the age of 60 years.
Entrance Hallway Front door with spy hole leads to the large entrance hall - the 24 hour Tunstall emergency response pull cord system is situated in the hall.
From the hallway there is a door to a walk-in storage cupboard/ airing cupboard. Illuminated light switches, smoke detector, apartment security door entry system, intercom and emergency pull cord.
Doors lead to the bedroom, living room and bathroom. Living/Dining Room A bright and spacious living area with ample room for comfortable seating and dining.
Double glazed window with a south westerly aspect offering a lovely view. Two ceiling light points. Fitted carpets, raised electric power sockets and TV/telephone points for convenience.
Kitchen Fully fitted kitchen with tiled floor. Stainless steel sink with chrome mixer tap.
Features include built-in oven, ceramic hob with extractor hood over and splashback, dishwasher, fridge and separate freezer. Dimplex heater.
Bedroom A well presented generously sized master bedroom with fitted double mirrored wardrobe for ample clothes storage. TV and phone point, ceiling light point.
Neutrally decorated and carpeted throughout. Bathroom A modern bathroom with overhead shower featuring marble style tiling and wall mounted grab rail. Dimplex heater and extractor fan.
Chrome heated towel rail. WC and vanity unit with mirror and feature lighting above. Emergency pull cord. Car Parking [Permit Scheme] Parking is by allocated space subject to availability.
The fee is £250 per annum. Permits are available on a first come, first served basis. Please check with the House Manager on site for availability.
Service Charge [Breakdown] • Cleaning of communal windows • Water rates for communal areas and apartments • Electricity, heating, lighting and power to communal areas • 24 hour emergency call system • Upkeep of gardens and grounds • Repairs and maintenance to the interior and exterior communal areas • Contingency fund including internal and external redecoration of communal areas • Buildings insurance Service charge: £3,464.28 per annum (for financial year ending 28/02/2027) The Service charge does not cover external costs such as your Council Tax, electricity or TV.
To find out more about service charges please contact your Property Consultant or House Manager.
Lease Information Lease length: 125 Years from the 1st January 2009 Ground Rent: £763 per annum Ground rent review: 2039 Moving Services & Additional Information Moving is a huge step, but don’t let that hold you back.
We have a range of services to help your move go smoothly, including: • free Entitlements Advice to help you find out what benefits you may be entitled to .
• Part Exchange service to help you move without the hassle of having to sell your own home. • Removal Services that can help you declutter and move you in to your new home.
• Conveyancing specialists who are experienced with sales and purchases of McCarthy Stone retirement properties.
For more information check our webpage additional services or speak with our property consultant • Fibre to the Cabinet Broadband available • Mains water and electricity • Electric room heating • Mains drainage
Value & comps
No previous sales on record.
Returns
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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 24 Caen Stone Court, Queen Street, Arundel
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