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See how verdicts work3-bedroom flat · BN23 5PJ
Sold STCReduced £14.9k (−4.3%) on 25 MayListed 362 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
***GUIDE PRICE £335,000 - £345,000*** Occupying a prime position within the prestigious Sovereign Harbour development, this stunning three-bedroom duplex penthouse at Monterey Wharf offers luxurious waterside living with breathtaking panoramic views across the inner harbour.
The property features a spacious open plan living and dining area, flooded with natural light and opening onto a unique turret balcony, the perfect spot to relax and enjoy the ever changing harbour scenery.
The modern open plan kitchen is beautifully appointed, ideal for both everyday living and entertaining.
Accommodation includes two generous double bedrooms on the main level, with the principal bedroom benefiting from a stylish en-suite shower room, alongside a contemporary family bathroom.
A feature staircase leads to the upper level, where you’ll find a third double bedroom set within the turret.
Externally, the property boasts a large tandem garage with an additional store room to the rear, as well as visitor parking.
Residents also enjoy a communal paved area to the front of the block and direct access to the inner harbour, with scenic waterside walks and a short stroll to the local shops, cafés and restaurants of Sovereign Harbour.
With the property being sold CHAIN FREE a viewing is highly recommended. Entrance - Communal entrance with security entry phone system.
Stairs and lift to third floor private entrance door to - Hallway - Radiator. Airing cupboard housing water cylinder. Lounge/Dining Room - 8.18m x 4.45m (26'10 x 14'7 ) - Radiator. Carpet.
Understairs cupboard. Opening to Dining area & Kitchen.
Turret curved double glazed windows and doors with access to - Sun Balcony - With stunning views over the inner harbour and towards the South Downs. Dining Area - Radiator.
Double glazed window to rear aspect. Open Plan Fitted Kitchen - 4.62m x 2.39m (15'2 x 7'10 ) - Range of fitted wall and base units.
Worktop with inset one & a half bowl single drainer sink unit and mixer tap. Inset 5 ring gas hob and extractor cooker hood above. ‘Eye’ level double oven. Integrated washing machine and dishwasher.
Tiled floor. Double glazed window to side aspect. Master Bedroom - 4.29m x 4.19m (14'1 x 13'9) - Radiator. Built-in wardrobe. Double glazed window to side aspect.
Door to - En-Suite Shower Room/Wc - Suite comprising shower cubicle with wall mounted shower. Pedestal wash hand basin. Low level WC. Radiator. Tiled floor. Double glazed window to side aspect.
Bedroom 2 - 3.33m x 3.30m (10'11 x 10'10) - Radiator. Built-in wardrobes. Double glazed window to front aspect. Modern Bathroom/Wc - Suite comprising panelled bath. Low level WC.
Pedestal wash hand basin. Radiator. Tiled floor. Stairs To - - Turret Room/Bedroom 3 - 4.19m x 4.04m (13'9 x 13'3) - Radiator. Store room. Walk-in loft storage area.
Double glazed windows with views over the inner harbour and towards the South Downs. Outside - Communal patio & paved area adjacent to the visitors parking and garage.
Tandem Garage - 9.17m x 3.66m (30'1 x 12'0 ) - With electric up & over door. Power & light. Storage room to the rear of the garage (11'10 x 5'4). Epc = C - Council Tax Band = F -
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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