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See how verdicts work1-bedroom flat · BN14 7ED
For saleReduced £10.1k (−14.4%) on 22 SepListed 151 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Jacobs Steel are delighted to offer for sale this well-presented ground floor retirement apartment, situated within the highly regarded Gainsborough Lodge development and conveniently located close to local shops, bus routes and Worthing’s mainline railway station.
The property features a generous double bedroom with fitted wardrobes, a bright dual aspect lounge, a fitted kitchen and a shower room.
Residents benefit from a range of excellent communal facilities including a residents’ lounge, guest suite, communal gardens, laundry room, mobility scooter storage and resident parking.
Offered for sale with no ongoing chain.
Internal The apartment is situated on the ground floor of this popular retirement development and is accessed via a secure communal entrance with entry phone system.
The private front door opens into a welcoming entrance hallway providing access to all rooms and featuring a useful storage cupboard housing the hot water tank, along with an emergency pull-cord system and wall mounted electric heater.
The bright and spacious dual aspect lounge benefits from excellent natural light and offers ample space for both seating and dining furniture.
Additional features include coving, a telephone point and wall mounted intercom system.
The kitchen is fitted with a range of base and wall mounted units complemented by metro-style tiled splashbacks, rolled edge work surfaces and a stainless steel sink with mixer tap.
There is space for an electric cooker and fridge/freezer, along with laminate wood flooring.
The double bedroom measures a generous 8'5" x 12'9" and enjoys a pleasant outlook over the communal gardens.
The room further benefits from fitted wardrobes providing hanging space and shelving, a TV point and wall mounted electric heater.
The shower room is fitted with a modern suite comprising a shower cubicle with fitted Mira shower, low level WC and pedestal wash hand basin with mixer tap.
Additional features include tiled walls and a heated towel rail.
Communal Facilities Gainsborough Lodge offers an excellent range of communal facilities designed to support comfortable and independent retirement living.
Residents benefit from a 24-hour emergency alarm call system and the assistance of an on-site estate manager for additional peace of mind.
Further amenities include a communal residents’ lounge, guest suite for visiting family and friends, communal laundry room, mobility scooter storage and beautifully maintained shared gardens.
External The development is surrounded by attractive communal grounds with well-maintained lawned areas, mature planting and seating spaces for residents to enjoy throughout the year.
Resident parking is available on-site.
Situated The property is ideally situated within easy reach of local shopping facilities, bus routes and Worthing mainline railway station, providing convenient transport links to surrounding areas.
Worthing town centre, with its comprehensive range of shops, restaurants and leisure facilities, is also close by.
Council Tax Band B Tenure Leasehold Lease Length 79 Years Remaining Maintenance £288.38 per month
Value & comps
No previous sales on record.
Returns
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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 Gainsborough Lodge, 136,18, South Farm Road, Worthing
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