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 house · BN15 0PZ
Listing removedListed 315 daysAuction 28 Jan · ended
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Sold prior to auction, for an undisclosed amount **For Sale By Auction on Wednesday 28 January 2026** *Guide Price £280,000 Freehold Detached Bungalow Requiring Refurbishment Or Re-Development Subject To Necessary Consent Description Vacant detached bungalow located in North Lancing.
The property comprises; living room, conservatory, kitchen, dining room, shower room and utility room. To the first floor is a double bedroom and second reception room with balcony.
Externally the property benefits from a driveway, garage and good size private garden.
*Please note the property is Timber Framed* Situation The property is situated in North Lancing within walking distance of the South Downs.
Lancing Village centre with its a various shops and cafes and transport links with Lancing Railway station is just over a mile away from the property.
Accommodation Utility Room - 2.60 x 1.30 m Dining Room - 4.0 x 2.90m Kitchen - 4.80 x 2.90m Living Room - 6.0 x 2.90m Conservatory - 5.80 x 2.90m Bedroom - 4.50 x 3.10m Bedroom - 4.50 x 3.10m GARAGE Total Floor Area - 109.08 sq.m.
NB WE DRAW YOUR ATTENTION TO THE SPECIAL CONDITIONS IN THE LEGAL PACK, REFERRING TO OTHER CHARGES IN ADDITION TO THE PURCHASE PRICE.
PLEASE ENSURE YOU REVIEW THE LEGAL PACK AND READ THE SPECIAL CONDITIONS THOROUGHLY Tenure Freehold Council Tax - Band D EPC Rating - D
Value & comps
No previous sales on record.
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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 starting price
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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
Agent & docs
FAQ
About 42 Mill Road, Lancing, West Sussex, BN15 0PZ
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