1-bedroom flat · BN14 7ED
Sold STCReduced £11.9k (−12%) on 4 SepListed 1378 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Ground floor retirement apartment in popular Gainsborough Lodge, South Farm Road, Worthing.
The property is ideally situated within close proximity to local shops, bus routes and mainline railway station.
Accommodation briefly comprises entrance hall, lounge/diner, kitchen, bedroom and bathroom. Communal facilities include house manager, communal lounge & kitchen, laundry room & guest rooms.
Internal viewing highly recommended. Communal Entrance Security entry telephone. Communal hallway. Personal front door to: Entrance Hall Airing cupboard with shelving. Emergency pull cord.
Laminate flooring. Door to: Lounge/Diner (4.98m x 2.79m (16'4 x 9'2)) Double glazed window overlooking communal gardens. Storage heater. Emergency pull cord. Entry telephone. Laminate flooring.
Kitchen (2.26m x 1.50m (7'5 x 4'11)) Work surfaces incorporating stainless steel sink with mixer tap over. Tiled splashback. Range of matching cupboards, drawers and wall units.
Space for fridge/freezer. Extractor fan. Bedroom (3.94m x 2.59m (12'11 x 8'6)) Double glazed window overlooking communal gardens. Storage heater. Emergency pull cord.
Fitted bedroom furniture including mirrored wardrobes, bedside tables & overhead storage cupboards. Built in wardrobe with shelving and hanging space.
Shower Room (1.96m x 1.68m (6'5 x 5'6)) Fully tiled suite comprising step in shower cubicle with wall mounted electric shower, sliding glass door, grab rail and fold down chair.
Pedestal wash hand basin. Low level flush w/c. Towel radiator. Wall cabinet. Wall light with shaving point. Extractor fan. Vinyl flooring. Communal Facilities House manager.
Communal lounge and kitchen. Laundry Room. Guest rooms. Communal Gardens & Grounds Well maintained communal gardens and grounds located within the development.
Residents/Visitors Parking Situated to the rear of the development. Arranged on a first come first served basis. Required Information Length of lease: 74 years.
Annual service charge: £3,322 per year Service charge review period: Per annum. Annual ground rent: Nil. Ground rent review period: Na.
Council tax band: B Version: 1 Note: These details have been provided by the vendor. Any potential purchaser should instruct their conveyancer to confirm the accuracy.
Value & comps
No previous sales on record.
Returns
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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 30 Gainsborough Lodge, 136 South Farm Road, Worthing
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