2-bedroom flat · PO22 7NS
Listing removedListed 136 days
Opportunity summary
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About
This well presented retirement flat is positioned on the ground floor of this popular development at the very heart of the Felpham village and within easy reach of the shops, bus route and beach.
Now offered for sale with the advantage of being ‘chain free’. The accommodation is neutrally decorated throughout, including a modern kitchen and bathroom.
The sitting-dining room and kitchen both overlook the road to the front whilst the bedrooms are at the rear for peace and quiet, and overlook the communal gardens.
An entrance lobby and inner hall complete the accommodation.
Outside, the development is surrounded by communal, maintained gardens with central screened seating area, level pathways plus lawns and matured trees.
To the rear of the development is the resident's car park used on a 'first come first serve' basis with additional overflow parking available (free of charge) if required in the adjoining public car park.
Tenure: We understand there is 125 year lease from 25/05/1988.
Service Charge: We understand that this currently amounts to approximately £330 per month (to April 2027) and includes such items as Warden Salary, Gardening, Water Rates, Insurance, Window Cleaning, External Decoration and maintenance of Common Parts.
Ground Rent: Peppercorn. EPC Rating: C Location Gateway Lodge is located at the very heart of the pretty village of Felpham.
The village offers a wide range of local facilities including schools, a medical centre, pharmacy, sports centre with swimming pool, golf club and a range of other useful shops.
The town centre of Bognor Regis offers a full range facilities whilst the historic Arundel, the Cathedral City of Chichester and the famous Goodwood motor circuit and racecourse can all be found within approximately an eleven-mile radius.
What3Words ///quench.wasp.unit
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 Flat 28, Gateway Lodge Felpham Road, Bognor Regis
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