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See how verdicts work2-bedroom flat · RH13 0BQ
No longer listedListed 654 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
One of a pair of 2 bedroom apartments on the Sumners Pond development in Barns Green, built by Sigma Homes and available on the Landspeed Shared Purchase scheme. Plot 18 is on the first floor.
Total internal floor area: 753 sq ft For sale at 75% of the full market value (£243,750 is the 75% value) with no rent or interest to pay on the remaining 25%.
Purchasers must live, work or have close family connections in the Horsham District Council area and be unable to afford the full market value.
Minimum deposit required by lenders will be £16,250, please disregard the mortgage calculator below.
Each apartment comes with a fully fitted kitchen, integrated oven, hob, extractor hood and fridge freezer with space for a washing machine and removable cupboard for a dishwasher.
Kitchen and bathroom has high quality vinyl and carpet to bedroom and hallway. Plot 18 has parking to the rear of the building and Plot 15 has a parking space to the front of the building.
Total internal floor area: 753 sq ft Please contact Landspeed Homes for an application form.
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 18, Chapel Road, Horsham
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