2-bedroom property · BN15 8NU
Sold STCListed 158 days
Opportunity summary
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About
Robert Luff & Co are delighted to present this two bedroom Park Home, requiring complete modernisation, located on the popular Broadway Park for the over 50's.
Local shops and bus services are close by and Widewater Nature Reserve & beach are just a short walk away. The accommodation comprises: Entrance hall, living room, kitchen, two bedrooms & bathroom.
NO ONWARD CHAIN.
Entrance Hall - Living Room - 3.18m x 2.95m (10'5" x 9'8") - Kitchen - 3.40m x 2.97m (11'2" x 9'9") - Bedroom - 2.97m x 2.13m (9'9" x 7') - Bedroom Two - 2.44m x 2.13m (8' x 7') - Bathroom - 1.91m x 1.68m (6'3" x 5'6") - Pitch Fees & Park Rules - PARK OFFICE HOURS: Monday - Thursday, 9am - 1pm.
Other times by appointment. PITCH FEES: Due on the first day of each month at the park office or by Direct Debit/Standing Order. Reviewed on 1 January yearly. New homes currently £273 per month.
COUNCIL TAX: Band A. WATER/SEWERAGE: Payable direct to supplier or to the Park Office (Plot Dependant). GAS: Mains charged direct by supplier.
ELECTRICITY: Payable at the Park Office, or by monthly Direct Debit/Standing Order. Plot Dependant, Mains Electricity charged direct by supplier.
For a full list of rules, please contact Robert Luff & Co or visit: HOME INSURANCE: All homes must be insured. PETS: One cat only per home.
REFUSE COLLECTION: Dust bins and garden waste are collected every Tuesday. Recycling Centre available on the park.
Value & comps
No previous sales on record.
Returns
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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 The Broadway, Lancing
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