1-bedroom house · BN15 8HG
To rentListed 53 days · slow let
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
**single occupancy only** House share available to let from end of September.
Good quality double room available for £650 a month - conveniently located in great Lancing location, 5 mins walk from the beach with excellent bus & train transport and shops nearby.
The house would suit a sociable person looking to live in a nice property in a convenient and happy environment - with the excellent quality of being very close to the beach!
Shared with 4 other professionals, the house has a modern kitchen, quality bedroom furniture, light conservatory, 2 good quality shared shower/bathrooms and a maintained garden + a driveway with garage.
High speed wireless broadband throughout, shared TV, a weekly cleaner for communal areas and a regular gardener.
All Bills Included and council tax (Note: This property is a Council Tax - Band D property). Available now. EPC Rating: D
Value & comps
No previous sales on record.
Rental comparables are shown in the Rental section below. Sold comparables remain for area capital context only.
Returns
We're still gathering serviced-accommodation data for this area.
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Past performance does not guarantee future results. Tax implications vary by individual circumstances.
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 Room 5, 116 Penhill Road, Lancing
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