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 bungalow · BN15 8BT
Sold STCListed 59 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
***guide price £425,000 - £450,000*** Robert Luff & Co are delighted to market this spacious and very well presented detached bungalow, occupying a generous corner plot just a short walk from Lancing Village centre, mainline railway station & beach.
The generous accommodation comprises: Entrance porch, entrance hall, dual aspect living room, modern kitchen/diner, two double bedrooms and shower room.
Outside, there are attractive gardens to four sides, off street parking and a garage. Viewing essential! Entrance Porch Double glazed windows & front door.
Entrance Hall Double glazed windows & door, coving, loft access, large storage cupboard, airing cupboard, radiator.
Dual Aspect Lounge (4.27m x 4.27m (14' x 14')) Dual aspect double glazed windows to front & side, coving, feature fireplace surround, radiator.
Kitchen/Breakfast Room (3.25m x 3.05m (10'8" x 10')) Dual aspect double glazed windows to rear & side.
Range of fitted wall & base level units, fitted roll edged worksurfaces incorporating stainless steel single drainer sink unit with mixer tap, electric cooker point, electric extractor hood, space & plumbing for washing machine, space for appliances, cupboard housing combination boiler, space for dining table, radiator, double glazed back door.
Bedroom One (4.22m x 3.05m (13'10" x 10')) Dual aspect double glazed windows to front & side, coving, radiator.
Bedroom Two (3.25m x 2.74m (10'8" x 9')) Double glazed window to side, coving, radiator. Shower Room Coving, double glazed window to rear.
Fitted suite comprising: Shower enclosure with wall mounted electric shower, close coupled WC, wash hand basin, part tiled walls, heated towel rail. Outside Rear Garden South & West aspect.
Patio seating areas, lawn, flower beds with various plants, shrubs & trees, outside tap, wall & fence enclosed, gates to front & side.
Front Gardens Laid to lawn, flower beds with various plants & shrubs, wall enclosed. Private Driveway Off street parking.
Garage (5.89m x 2.57m (19'4" x 8'5")) Up & over door, personnel door to side.
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 5, Russells Drive, Lancing
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