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See how verdicts workProperty · BN11 4HD
Sold STCListed 320 days
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 29 April 2026** *Guide Price £17,000 Leasehold Single Garage in Worthing Description A single leasehold garage, within a block of garages to the rear of Raymeade House.
Situation The garage is situated close to West Worthing Station - with direct routes to London Victoria. Worthing Town Centre is approximately 1 mile from the property.
Location Pin (What3Words): flying.lazy.export Measurements Min Width - 1.9m Max Width - 2.5m Min Height - 1.7m Max Height - rises to 2.1m Length - 4.4m **Interested parties must rely on their own measurements** NB WE DRAW YOUR ATTENTION TO THE SPECIAL CONDITIONS IN THE LEGAL PACK, AND OTHER CHARGES IN ADDITION TO THE PURCHASE PRICE.
PLEASE ENSURE YOU HAVE READ THE LEGAL PACK AND SPECIAL CONDITIONS THOROUGHLY Tenure Leasehold Leasehold - 999 year lease from 25th March 1962 - (approximately 935 years remaining).
Ground Rent - £1 p.a.
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 Garage 4, Raymede House Tarring Road, Worthing, West Sussex, BN11 4HD
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