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 flat · BN15 9HX
Listing removedListed 230 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
***NO ONWARD CHAIN*** We are delighted to present this spacious and well presented, TWO BEDROOM GROUND FLOOR FLAT ideally located within walking distance of Lancing village centre and mainline railway station.
The generous accommodation comprises: Entrance hall, Southerly aspect living room with patio door opening onto well maintained communal gardens, fitted kitchen, primary bedroom with built in wardrobes, further bedroom and bathroom.
The property further benefits from allocated parking and NO ONWARD CHAIN!
70 years remaining on the lease - the seller is willing to renew the lease at an additional cost Entrance Hall - Large storage cupboard. Door entry phone system.
Lounge - 3.99m x 3.66m (13'1 x 12) - Double glazed patio door opening on to communal gardens. Television point. Kitchen/Breakfast Room - 3.78m x 2.54m (12'5 x 8'4) - Double glazed window to front.
Range of fitted wall and base level units. Fitted roll edge work surfaces integrating stainless steel sink unit. Electric cooker point. Space and plumbing for washing machine. Space for tumble dryer.
Space for further appliances. Tiled splash back. Extractor fan. Space for breakfast table. Bedroom One - 4.01m x 3.66m (13'2 x 12') - Double glazed window to rear. Electric heater. Built in wardrobes.
Bedroom Two - 2.57m x 2.51m (8'5 x 8'3 ) - Double glazed window to front. Bathroom - Fitted suite comprising tiled enclosed bath with electric shower over. Wash hand basin. WC.
Wall mounted electric heater. Tiled floor. Extractor fan. Outside - Extensive communal Southerly aspect gardens. Residents Parking - One parking space. Lease & Maintenance - Ground Rent: £125p.a.
Management Fee: £1,232.20 half yearly. 70 years remaining on the lease
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
FAQ
About Carnforth Road, Sompting, Lancing
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