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 work1-bedroom flat · BN12 4FB
Listing removedReduced £5k (−2.5%) on 3 SepListed 361 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
The accommodation briefly comprises: A communal front door with security entryphone allows access to the communal hallway with passenger lift and stairs to the first floor.
The private front door leads to a spacious entrance hall with a storage/airing cupboard. The lounge/dining room has double glazed doors opening inwards to provide a Juliet balcony.
The modern kitchen offers a sleak and sophisticated design and is fitted with a range of wall and floor standing units with under unit lighting.
The integrated appliances include an electric hob with cooker hood above, electric oven, microwave, fridge/freezer, slimline dishwasher and washing machine.
The double bedroom is light and airy with a built in double wardrobe.
The bathroom has partly tiled walls and has been fitted with a modern white suite with a shaped panelled bath with shower over, wash basin and low level WC.
Outside the property benefits from an allocated parking space in the secure car park.
The communal grounds and gardens are a particular feature of the development with seating areas and flowering raised beds providing an envied vista to the Sea.
Secure gated access leads directly to the Promenade and beach. Internal viewing of the property is highly recommended and the property is being offered with the benefit of no ongoing chain.
Lease - 113 Years Remaining Approx. Maintenance - £2522.46 per annum Ground Rent - tbc Council Tax Band B
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
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FAQ
About Flat 20 Chichester House, 1, The Waterfront, Worthing
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