2-bedroom flat · PO21 4RL
Sold STCReduced £15k (−7%) on 21 JunListed 258 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
This well presented ground floor flat offers an excellent opportunity for buyers seeking a comfortable home in a desirable coastal location.
The front door opens to a small lobby with a built-in storage cupboard. The bright reception overlooks communal gardens and features a large triple window.
This opens to an interior hallway, leading to all other rooms and has a built-in cupboard.
The kitchen has a range of white wall base units, a casement window and part glazed door opening to the communal gardens.
The shower room features a large double shower with wash hand basin, WC and casement window. Both bedrooms have large casement windows overlooking the gardens.
Additional benefits include a private garage (perfect for secure parking or extra storage), as well as the rare advantage of a share of freehold, offering greater control and peace of mind for the future owner.
This flat is offered to the market with no onward chain, providing a straightforward and stress-free purchase process for prospective buyers.
The building is surrounded by well-maintained communal gardens (offering a pleasant outlook from the flat), and the overall development is known for its quiet, friendly atmosphere and sense of community.
Tenure: We understand there is 187 year lease on the flat and the garage from 22/09/1962. Maintenance Charge: We understand the maintenance charge is currently £1,300 p.a. And for the garage £105 p.a.
Ground Rent: We understand the ground rent is currently £13 p.a. And for the garage £2 p.a.
EPC Rating: C Location The property is situated just 0.2 miles from Pagham beach, allowing easy access to the seafront and its scenic surroundings.
Local village shops are conveniently close by, ensuring day-to-day essentials and services are within easy reach. What3Words ///customers.oxidation.lake
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
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FAQ
About 16 St. Thomas Court, Bognor Regis
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