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See how verdicts work2-bedroom flat · BN15 8BD
For saleReduced £7k (−3.1%) on 2 SepListed 150 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A spacious and well-presented two bedroom first floor flat ideally positioned close to Lancing seafront and village centre.
Offered with bright and generously sized accommodation throughout, the property benefits from a separate kitchen, large dual aspect living/dining room, fitted bathroom suite and allocated parking within a covered car port area.
South Street is conveniently located for local shops, amenities and mainline railway station, making this an ideal first time purchase, investment or downsize opportunity.
Internal The property is accessed via a communal entrance with stairs rising to the first floor. The welcoming hallway provides access to all rooms along with useful storage.
The bright and spacious lounge/dining room offers ample space for both seating and dining furniture with a large window allowing plenty of natural light.
A fully fitted kitchen has been updated with a range of matching wall and base units, integrated oven and hob with space and plumbing for additional appliances.
There are two generously proportioned double bedrooms, both enjoying pleasant outlooks and ample space for bedroom furniture.
The bathroom comprises an enclosed shower, white suite wash hand basin and low level w.c External Externally the property benefits from covered allocated parking/car port parking beneath the building along with additional visitor parking nearby.
There is also a secure communal storage area for a bicycle. The development is well maintained and ideally situated within easy reach of the seafront and local amenities.
Situated South Street is situated in the heart of Lancing, just moments from the seafront and within close proximity of the village centre offering a range of shops, cafés and everyday amenities.
Lancing mainline railway station provides convenient links to Brighton, Worthing and London Victoria, whilst the nearby A27 and A259 offer excellent road connections along the south coast.
The property also benefits from being minutes away from the 700 bus stop with regular services throughout the day to Brighton and Worthing Outgoings/Lease Service charge - approx £1600 per year 98 years left on the lease
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 Chelmer House,Flat 1, South Street, Lancing
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