1-bedroom flat · BN44 3FY
Listing removedReduced £10k (−14.3%) on 8 JulListed 140 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
First Floor Retirement Apartment with Lift Access & South Downs Views – No Onward Chain Situated within a popular and well-maintained retirement development on the southern side of Steyning, this beautifully presented first-floor apartment offers comfortable, secure and independent living for the over 60s.
Available with no onward chain, the property enjoys pleasant South Downs views and access to an excellent range of communal facilities.
Accessed via a secure entry phone system, the development benefits from lift access to all floors.
The apartment itself comprises a welcoming entrance hall with useful storage, a bright and spacious sitting room with attractive outlook and an open archway leading to a modern fitted kitchen.
The generous double bedroom features a built-in wardrobe, while the contemporary wet room is fitted with a walk-in shower, wash basin and WC.
The apartment is well presented throughout and further benefits from double glazing and an emergency alarm system, providing additional peace of mind.
Residents enjoy use of beautifully maintained communal gardens, a welcoming residents' lounge, laundry facilities and a guest suite for visiting family and friends.
There is also parking available for both residents and visitors.
Conveniently located within easy walking distance of Steyning High Street, the development offers excellent access to a variety of shops, cafés and everyday amenities.
A nearby bus stop provides regular services to Shoreham-by-Sea, Brighton and surrounding areas, while the South Downs National Park is close at hand for scenic walks and outdoor leisure activities.
This is an excellent opportunity to acquire a well-appointed retirement apartment within a friendly and established community in one of Sussex's most sought-after market towns.
Lease Information Lease - 99 years from 01/06/1985 - 59 remaining Ground Rent - £150pa Maintenance - £395.96 per month Property Ownership Information Tenure Leasehold Council Tax Band B Annual Ground Rent £150.00 Ground Rent Review Period No review period Annual Service Charge £4,751.00 Service Charge Review Period Every 1 year Lease End Date 29/05/2084 Property Description Disclaimer This is a general description of the property only, and is not intended to constitute part of an offer or contract.
It has been verified by the seller(s), unless marked as "draft".
Purplebricks conducts some valuations online and some of our customers prepare their own property descriptions, so if you decide to proceed with a viewing or an offer, please note this information may have been provided solely by the vendor, and we may not have been able to visit the property to confirm it.
If you require clarification on any point then please contact us, especially if you’re traveling some distance to view.
All information should be checked by your solicitor prior to exchange of contracts. Successful buyers will be required to complete anti-money laundering and proof of funds checks.
Our partner, Lifetime Legal Limited, will carry out the initial checks on our behalf. The current non-refundable cost is £80 inc. VAT per offer.
You’ll need to pay this to Lifetime Legal and complete all checks before we can issue a memorandum of sale.
The cost includes obtaining relevant data and any manual checks and monitoring which might be required, and includes a range of benefits.
Purplebricks will receive some of the fee taken by Lifetime Legal to compensate for its role in providing these checks.
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.
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FAQ
About 16 Primrose Court, Goring Road, Steyning
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