We've tightened what earns a Pursue. A home now needs a published valuation, a strategy that still makes money after real running costs and lender stress tests, and no listing problems that would stop a mortgage. You'll see fewer Pursues, and each one has been checked harder.
See how verdicts work2-bedroom flat · BN12 6NR
For saleListed 1 dayAuction 2 Dec · in 35 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
**For Sale By Auction on Wednesday 02 December 2026** *Guide Price £120,000 Vacant - Leasehold Ground Floor 2x Bedroom Flat Description Vacant leasehold ground floor flat comprising; hallway, lounge, kitchen, 2x bedrooms and a bathroom.
Externally, the property benefits from an allocated parking space and communal gardens.
Situation The property is located close to Worthing town centre with its array of local amenities, cafes, restaurants and coffee shops.
Worthing mainline railway is approximately 3.4 miles from the property.
Location Pin (What3Words): sculpture.limit.bounty Accommodation Hallway - Living Room - 4.78 x 3.48 Kitchen - 2.90 x 2.71 Bedroom 1 - 4.22 x 3.17 Bedroom 2 - 3.66 x 2.76 Bathroom - 2.15 x 1.93 Total Floor Area - 61.1 sq.m.
(taken from EPC) NB WE DRAW YOUR ATTENTION TO THE SPECIAL CONDITIONS IN THE LEGAL PACK, REFERRING TO BUYERS PREMIUM OF £1,680 (INC VAT) AND OTHER CHARGES IN ADDITION TO THE PURCHASE PRICE.
PLEASE ENSURE YOU HAVE READ THE LEGAL PACK AND SPECIAL CONDITIONS THOROUGHLY Tenure Leasehold - 189 year (less 3 days) lease, from 25 December 1974 (approximately 137 years remaining).
Ground rent - Peppercorn Council Tax - Band D EPC Rating - E
Value & comps
No previous sales on record.
See the independent valuation, upside vs guide, and per-strategy max bid for this lot. Sign in to see it.
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 starting price
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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 Rowan House, 12A The Strand, Goring-by-Sea, Worthing, BN12 6NR
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