Studio flat · BN15 8PZ
Sold STCListed 91 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Cash Buyers Only Summary A rarely available studio apartment with the added benefit of a private balcony, situated on the popular Old Salts Farm Road in Lancing.
Requiring complete modernisation throughout, this property presents an excellent opportunity for cash buyers, investors or those looking for a refurbishment project.
Cash buyers only due to a low lease of approximately 58 years Internal The accommodation comprises an entrance hall leading to a spacious studio room with ample space for both living and sleeping areas, enjoying direct access onto the private balcony.
There is a separate fitted kitchen and a bathroom fitted with a bath, wash hand basin and WC.
The property now requires full refurbishment throughout, offering buyers the opportunity to create a home to their own specification.
External A particular feature of the property is the private balcony, an uncommon addition for a studio apartment, providing an outdoor seating area.
The development is set within communal grounds with residents’ pathways and lawned areas. There is also residents parking available.
Situated Located on the popular Old Salts Farm Road in Lancing, the property is conveniently positioned close to local shops, bus routes and amenities.
Lancing village centre, with its mainline railway station offering links to Brighton and London Victoria, is within easy reach, while the seafront, beach and Widewater Nature Reserve are also nearby.
Excellent road links via the A27 and A259 provide access to surrounding coastal towns.
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 Beech Grove, Old Salts Farm Road, Lancing, BN15 8PZ
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