2-bedroom flat · RH20 3RD
Listing removedListed 238 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
***Price Range £250,000 - £270,000*** Chain free and ready to move into, this immaculately presented apartment offers about 730sq ft of well designed space, with a view over a green opposite.
Built by Bellway Homes in 2023, the property still feels fresh and new, with the balance of the developer's warranty remaining and a very long lease, almost 997 years.
The communal entrance is shared with just three other apartments and the entrance hallway features two good sized cupboards.
There's a stylish open plan kitchen/dining/living room with integrated appliances and two double bedrooms, one of which is ensuite.
Guests have their own bathroom and the fixtures and fittings throughout are all of a high standard. Set on the first floor, the property feels safe and secure, with an intercom entry system.
The allocated parking space is tucked away within a private parking area and there's ample visitor parking close by.
The Abingworth Fields development is lovely, with lots of open space, greenery and a large pond with seating area.
The "Meadow Stores and Cafe" just down the road offers a very friendly welcome and is a wonderful place to relax with family and friends.
There's a very active village hall, an independent vet and wonderful walks almost from the front door.
The "White Lion Inn" is only a few minutes walk away and further local amenities will be found at the neighbouring villages of Storrington, Ashington and West Chiltington
Value & comps
No previous sales on record.
Returns
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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
FAQ
About 10, Nursery Rise, Thakeham
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