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See how verdicts work1-bedroom flat · PO22 9EF
Sold STCReduced £15k (−8.6%) on 26 OctListed 144 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Sometimes a property stands out from the crowd for a variety of reasons. In the case of this PURPOSE BUILT FIRST FLOOR FLAT, parking is certainly one of them.
This, together with its practical layout, gas fired central heating and uPVC framed double glazing, combine to create a property that may suit a first time buyer, or perhaps the private investor looking for an income.
The accommodation includes a living room, separate kitchen, bedroom and bathroom, and is certainly worthy of an internal inspection. Contact May’s for an appointment to view.
uPVC double glazed door to stairwell: F.F. LANDING: trap hatch to roof space with ladder and part boarding; door to: LIVING ROOM: 17' 5'' x 11' 9'' (5.30m x 3.58m) radiator; T.V.
aerial point; storage cupboard; opening to: KITCHEN: 13' 2'' x 5' 5'' (4.01m x 1.65m) (maximum measurements over units) range of floor standing drawer and cupboards units having roll edge worktop; tiled splash backs and matching wall mounted cabinets over; inset stainless steel sink; electric oven; four burner gas hob with cooker hood over; space and plumbing for washing machine; cupboard housing gas fired combination boiler.
BEDROOM: 12' 0'' x 9' 2'' (3.65m x 2.79m) radiator; T.V. aerial point.
BATHROOM: fully tiled walls; matching suite comprising of "P" shaped bath with mixer tap and independent shower above; pedestal wash hand basin; close coupled W.C.; ladder style heated towel rail; extractor fan.
OUTSIDE AND GENERAL PARKING: Allocated parking space; bin store (possibility to convert to a garage subject to the necessary consents) LEASE DETAILS: Balance of 150 year lease from 2014.
No service charge or maintenance. Building insurance is required on an individual basis.
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 Ravens Way, Bognor Regis
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