3-bedroom flat · BN12 4DJ
Sold STCListed 56 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Michael Jones is delighted to offer for sale this CHAIN FREE, THREE BEDROOM GROUND FLOOR APARTMENT situated in this highly sought after Waterfront development.
The development is approached via a private road and has been under the same ownership from new.
The development comprises: just 7 luxuriously appointed apartments within this stunning seafront development.
The property also has the benefit of under floor gas heating, double glazed windows, an allocated parking space, and its direct access onto the beach.
Apartment 2 is a superbly appointed three bedroom purpose built ground floor seafront apartment.
Accessed via a communal front door with secure entry phone system which leads to the stylish communal entrance providing access to just three apartments on the ground floor.
There is a spacious entrance hall with entry phone receiver and a variety of large built-in storage cuboards.
The open plan South facing lounge/kitchen/dining area is a particular feature of the property boasting views over the well-maintained communal gardens along with bi-fold doors opening onto the large southerly aspect private decking with steps down to communal gardens.
There is plenty of space on the private decking area for garden furniture and accessories and is a great social space to enjoy with family and friends in the warmer weather.
The modern fitted kitchen consists of part tiled walls, a one and a half bowl single drainer sink unit set in a large continuous work top, range of cupboards and drawers, a large central island with space for stools and integrated appliances to include dishwasher, washing machine, fridge/freezer, four ring electric hob, extractor fan, built-in microwave and oven.
There are three spacious bedrooms with the main bedroom benefitting from fitted wardrobes, a fully tiled en-suite shower room with vanity unit and wc, and bi-fold doors onto the southerly aspect large private decking.
The second bedroom also benefits from fitted wardrobes. There is also a fully tiled family bathroom with vanity unit and wc.
Externally there is an allocated parking space along with visitors parking and well maintained communal gardens with direct access onto Goring's beach. Council Tax Band E
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 Eirene Road, Goring-by-Sea, Worthing, West Sussex, BN12
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