2-bedroom flat · BN43 5RB
Sold STCListed 146 days
Opportunity summary
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About
*** £219,950 *** WARWICK BAKER ESTATE AGENTS ARE THRILLED TO PRESENT THIS EXCEPTIONAL AND RARELY AVAILABLE APARTMENT, SITUATED ON THE FIRST FLOOR OF A PURPOSE-BUILT BLOCK.
JUST A STONE'S THROW FROM THE FORESHORE AND FOOTBRIDGE, THIS PROPERTY OFFERS A WARM WELCOME WITH AN ENTRANCE LOBBY, A SPACIOUS LANDING, TWO GENEROUS DOUBLE BEDROOMS, AND A BRIGHT DUAL ASPECT 14' LOUNGE.
THE MODERN KITCHEN WITH BREATHTAKING RIVER VIEWS IS IDEAL FOR CULINARY ENTHUSIASTS, COMPLEMENTED BY A STYLISH BATHROOM. ENJOY THE CONVENIENCE OF A GARAGE WITH A PARKING SPACE RIGHT IN FRONT.
AN INTERNAL VIEWING IS STRONGLY ENCOURAGED BY THE VENDORS' SOLE AGENT, AND THERE’S THE ADDED BENEFIT OF NO UPWARD CHAIN.
Part frosted double glazed front door leading to: Entrance Lobby - 1.17m x 0.86m (3'10" x 2'10") - Cloaks hanging area.
Stairs with handrail up from entrance lobby to: Landing - Tiled flooring, double panelled radiator, door giving access to storage cupboard housing gas meter, door giving access to storage cupboard housing electric meter, door giving access to large storage cupboard.
Door off landing to: Lounge - 4.34 x 3.56 (14'2" x 11'8") - Having a dual aspect, double glazed windows to the front having a favoured southerly aspect, double glazed windows to the side having an easterly aspect, feature open fireplace with tiled surround, wood mantle, tiled hearth, double panelled radiator.
Door off landing to: Kitchen - Comprising granite effect worktop with inset stainless steel sink unit with hot and cold taps, storage cupboards under, tiled splash back, matching adjacent worktop with inset four ring electric hob, drawers and storage cupboards under, tiled splash back, complemented by matching wall units over with under counter lighting, glass and stainless steel extractor hood, ' VAILLANT ' wall mounted gas fired combination boiler to the side, further adjacent matching worktop with electric oven under, tiled splash back, complemented by matching wall units over with under counter lighting, space for tall fridge/freezer, single panel radiator, tiled flooring, double glazed windows to the rear with direct views of The River Adur, the footbridge, central Shoreham and The South Downs.
Part double glazed door giving access to: Communal Balcony - With direct views of The River Adur, the footbridge, central Shoreham and The South Downs.
Door off landing to: Bedroom 1 - Double glazed windows to the rear with direct views of The River Adur, the footbridge, central Shoreham and The South Downs, single panel radiator.
Door off landing to: Bedroom 2 - Double glazed windows to the front having a favoured southerly aspect.
Door off landing to: Bathroom - Being fully tiled, comprising panel bath with mixer tap with separate shower attachment, twin sliding shower screens, low level wc, vanity unit with mixer tap, double doored storage cupboard under, heated hand towel rail, double doors giving access to airing cupboard with space and plumbing for washing machine, frosted double glazed windows, tiled flooring Garage In Compound - With up and over door, parking space to the front.
Outgoings - SHARE OF FREEHOLD MAINTENANCE:- £100 PER MONTH GROUND RENT:- NON-APPLICABLE LEASE:- 999 YEARS FROM 29/09/2008
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 Riverside Road, Shoreham
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