Property · BN11 5BH
Sold STCListed 184 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A spacious single pitched roof leasehold garage with over head storage and up and over door. Located at the end of the garage row to the rear of Sherborne Lodge in the popular West Worthing area.
An end of row single leasehold garage at the rear of Sherborne Lodge, Grand Avenue being spacious and having an up and over door with overhead storage.
Leasehold Unexpired Years: 99 Annual Ground Rent: TBC Ground Rent Increase: TBC Ground Rent Review Period: TBC Annual Service: TBC These details are to be confirmed by the vendor's solicitor and must be verified by a buyer's solicitor.
Additional Information: Materials used in construction: ASK AGENT For further information on broadband and mobile coverage, please refer to the Ofcom Checker online Should a purchaser have an offer accepted on a property marketed by us, they will be required to complete an identification check in line with Anti Money Laundering Regulations.
This is a legal requirement and is carried out via a specialist third-party provider. The cost is £60 inc.
VAT per purchaser, payable in advance once an offer is agreed and prior to the sales memorandum being issued. This fee is non-refundable.
Located in West Worthing the garage is within 1 miles distance of Worthing Town centre with its comprehensive range of shopping facilities, bars and restaurants.
The garage is also within ½ a mile of Worthing seafront and West Worthing railway station.
Value & comps
No previous sales on record.
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 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
Agent & docs
FAQ
About Sherborne Lodge, Grand Avenue, Worthing, BN11
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