2-bedroom flat · RH20 4LT
Sold STCListed 173 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
DESCRIPTION A two bedroom ground floor flat situated in this extremely sought after retirement block in picturesque Church Street.
This private development was constructed by Waites in 1989 and there is an age restriction on the close to occupation of 55 years and over. Properties rarely become available on this development.
COMMUNAL ENTRANCE PORCH Door leading to: COMMUNAL ENTRANCE HALL Own private front door to: ENTRANCE HALL Built-in shelved storage cupboard, shelved linen cupboard.
SITTING ROOM 19' 0" x 14' 5" (5.79m x 4.39m) Feature Adams style wooden fire surround with marble hearth, double glazed window, wall-mounted entry phone system.
KITCHEN 8' 10" x 6' 7" (2.69m x 2.01m) Range of wall and base units, inset four ring electric hob with extractor over, built-in stainless steel fan assisted and electric grill, space and plumbing for washing machine, integrated dishwasher, stainless steel single drainer sink unit, double glazed windows, integrated fridge/freezer.
BEDROOM ONE 16' 9" x 11' 2" (5.11m x 3.4m) Wall-mounted electric heater, built-in wardrobe cupboards, double glazed windows.
BEDROOM TWO 9' 6" x 6' 11" (2.9m x 2.11m) Wall-mounted electric heater, double glazed window.
SHOWER ROOM 6' 7" x 6' 7" (2.01m x 2.01m) Walk-in shower with folding seat and fitted independent shower unit and hand rail, pedestal wash hand basin, w.c., heated chrome towel rail, part tiled walls, double glazed window, extractor fan.
COMMUNAL AREAS The parking is one space reserved for the resident and extra for visitor parking, attractive communal gardens and courtyard areas maintained to a high standard.
MAINTENANCE AND LEASE Maintenance cost are £3,920 per year. Invoiced at 50% in June and January. Ground Rent is £50 per year, not due to increase until 2031. Lease renews on sale 99 years.
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
FAQ
About Storrington - Ground Floor Flat
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