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See how verdicts work1-bedroom flat · RH12 5HH
Listing removedReduced £10k (−5.9%) on 25 AugListed 161 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Location This one bedroom apartment is set within a North Horsham cul-de-sac, approximately 2.2 miles to the north of Horsham town centre.
Horsham, just a short drive away, is a thriving historic market town with an excellent selection of national and independent retailers including a large John Lewis and Waitrose store.
There are twice weekly award winning local markets in the Carfax in the centre of Horsham for you to stock up on local produce.
East Street, or 'Eat Street' as it is known locally, has a wide choice of restaurants ranging from independent eateries such a Monte Forte and larger chains, including Wagamama, Pizza Express and Cote.
You are spoilt for choice for leisure activities as there is a leisure centre with swimming pool close to Horsham Park whilst the nearby Capitol has a cinema and theatre.
For those needing to commute, Horsham Station has a direct line to Gatwick (17 minutes) and London Victoria (56 minutes) and there is easy access to the M23 leading to the M25.
Littlehaven station (serving London Bridge & Victoria) is 1 mile from the property. Property From the communal hall, a door opens into your entrance hall, which provides access to all rooms.
The 13'7 x 9'10 living room is a lovely size, overlooking the communal grounds and offering plenty of space to relax at the end of a long day.
Opposite is the bathroom, which features a white suite with a shower over the bath.
The modern kitchen offers space for a selection of appliances and benefits from a large window, allowing plenty of natural light to flood the room.
The bedroom is a well-proportioned double with ample space for wardrobes.
In addition, the loft is fully boarded and benefits from fitted loft ladder access, providing an excellent opportunity for storage.
Outside The property is surrounded by well-presented communal gardens and has the added bonus of a residents' car park offering plenty of spaces.
Additional information Tenure: Leasehold/Share of Freehold Lease Term: 999 Years from 1985 Management Contribution: £110 per month payable to Gorringes Brook Management Company towards communal upkeep & maintenance Review Period: Reviewed annually at the agm, with any changes taking effect from 1 January the following year Agents note We strongly advise any intending purchaser to verify the above with their legal representative prior to committing to a purchase.
The above information has been supplied to us by our clients/managing agents in good faith, but we have not necessarily had sight of any formal documentation relating to the above.
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.
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FAQ
About 37 Gorringes Brook, Horsham
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