1-bedroom flat · BN15 9AN
For saleListed 137 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Summary A spacious and well presented one bedroom ground floor apartment situated within the popular St Nicholas Court development in Penstone Park.
Offering bright and generously proportioned accommodation throughout, the property benefits from a private balcony, modern bathroom and a spacious living room, making it an ideal first time purchase, investment opportunity or downsizing move.
Internal The accommodation is arranged via a welcoming entrance hallway with useful storage cupboards and access to all principal rooms.
The spacious living room provides ample room for both lounge and dining furniture with large windows allowing plenty of natural light throughout.
The fitted kitchen offers a range of matching wall and base units with work surfaces and appliance space. The generous double bedroom offers excellent space for wardrobes and additional furnishings.
The bathroom has been fitted with a modern white suite comprising panel enclosed bath with shower over, wash hand basin and WC.
External Externally the property benefits from a private balcony providing space for seating and enjoying the pleasant outlook.
Residents parking is available on a first come first served basis with additional on street Situated Situated within the sought-after Penstone Park area of Lancing, St Nicholas Court is conveniently located close to local shops, bus routes and everyday amenities.
Lancing village centre and mainline railway station are within easy reach, offering direct links to Brighton, Worthing and London.
The nearby seafront and South Downs National Park also provide a variety of leisure and recreational opportunities.
Outgoings: Council Tax is Band B Service Charge £1500 pa Ground Rent £150 pa 111 years lease
Value & comps
No previous sales on record.
Returns
Set an offer; the calculator follows it.
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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 St Nicholas Court,14, Penstone Park, Lancing
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