Studio flat · BN17 5LD
Listing removedReduced £5k (−7.1%) on 21 JunListed 141 days
Opportunity summary
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About
Purpose Built Ground Floor Studio Flat | Bright Studio Room with Defined Kitchenette | Bathroom | Double Glazing | Electric Heating | Requires Modernisation | 42 Year Lease Remaining | Residents Off Road Parking | No Forward Chain | EER - Glyn-Jones and Company are delighted to offer for sale this purpose-built ground floor studio flat, available to cash buyers only and offered with no forward chain.
The accommodation comprises a large entrance hallway with a useful built-in storage cupboard, leading through to a bright and spacious studio room with a defined kitchenette area.
The bathroom benefits from a large built-in airing cupboard, providing additional storage space.
Further features include double glazed tilt and turn windows, electric heating, and residents' off-road parking.
The property now requires modernisation throughout, offering an excellent opportunity for purchasers looking to renovate and add value.
The flat is held on a lease with approximately 42 years remaining and would be ideally suited to investors or buyers seeking a refurbishment project.
Just steps away from the beach front, the famous East Beach Café and Windmill Centre where residents can enjoy the latest blockbusters and performances from local amateur dramatics and dance groups.
You'll never be bored with the variety of entertainment available just moments from your doorstep.
Within a half-mile radius, you'll find Littlehampton town centre bustling with the high street shops, and eateries.
Littlehampton train station is also nearby, providing easy access to Brighton, London Victoria, and beyond.
Whether you're looking for a seaside getaway or a convenient commute to the city, this location has it all.
Tenure: Leasehold – We are advised that there are approximately 42 years remaining on the lease (99 years from 25/03/1970).
You are advised to have this confirmed by your legal representative at your earliest opportunity.
Maintenance Fee: £575.00 per annum - inc water charges Reserve Fund: £630.00 per annum Ground Rent: £43.00 Energy Efficient Rating: Tbc Council Tax Band: A
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 2A Kingmere, South Terrace, Littlehampton
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