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See how verdicts work2-bedroom flat · RH13 9LH
For saleReduced £10k (−4.2%) on 21 AugListed 103 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
**** no on-going chain **** This first floor spacious apartment is offered with no onward chain and is conveniently located in the centre of Southwater Village.
A fantastic opportunity to buy to get on the property ladder or as a buy to let investment. This property is currently rented out.
Accessed via the entrance hall there is a large open plan kitchen / reception room with juliette balcony and large kitchen space with floor and wall mounted units, built in appliances and cooker.
There is plenty of space for living and dining space too. There is two double bedrooms, both of good proportion and one benefiting from a modern en-suite with shower and low level sink and WC.
There is then a further bathroom with a bath. There is also two storage cupboards accessed via the hall. Plus allocated parking space. There is also a lift in the block.
Agents Note: Annual Service Charge £1500 per annum estimated, 106 years remaining on the lease. Managing agent Stiles Harold Williams.
EPC Rating: C Location The village of Southwater has much to offer, including Lintot Square with a variety of local businesses including a Co-op, hairdressers, restaurant and café.
Southwater also boasts a number of public houses and a large doctors' surgery.
Regular bus services run to Horsham town centre with its great transport links to London and the South Coast plus excellent educational facilities.
Additionally, there are two very good junior schools in Southwater, Castlewood and the Southwater Academy.
There is also Southwater Country Park, featuring a lake, dinosaur theme play park and café as well as access to Downs link providing routes to Guildford and Shoreham.
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
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FAQ
About Flat 8, The Wickens Fairbank Road, Horsham
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