2-bedroom flat · BN16 3SE
Listing removedListed 225 days
Opportunity summary
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About
A rarely available ground floor flat with it's own private courtyard garden, very pleasantly located within a residential development for those of state retirement age and above.
In brief the accommodation comprises:- private front door and entrance hall, inner hall, spacious lounge, conservatory, kitchen, two double bedrooms and a shower room/WC.
Outside, the flat enjoys it's own private south facing courtyard style garden.
Features include a 24 hour emergency pull cord, resident development manager, modern electric heating, double glazing and the flat is offered for sale with no onward chain.
The Leas is conveniently situated just off Station Road within close proximity of local shops at Station Parade and Angmering mainline railway station and Sainsburys, Dunelm, Halfords and Pets at Home are also nearby.
SERVICE CHARGE - £3106.60 per annum paid quarterly in advance. LEASE - 125 years from 24th June 1988.
GROUND RENT - £165 per half year AGE RESTRICTION - Purchasers and occupants must be of state retirement age or above. State retirement age is currently 66 for both men and women.
AGENTS NOTE: - A garage is available to purchase within the development by separate negotiation, if desired. The garage, number 20, is held on a 125 year Lease from 24th June 1988.
It has power, light and electric up and over door. Ground rent is £10 per annum and the service charge is £170 per annum.
PRICED AT £15,000 ENTRANCE HALL CLOAKROOM INNER HALL LOUNGE 17' 8" x 16' 3" (5.38m x 4.95m) CONSERVATORY 10' 3" x 10' 1" (3.12m x 3.07m) KITCHEN 9' 9" x 8' 3" (2.97m x 2.51m) BEDROOM 1 15' 5" x 11' 5" (4.7m x 3.48m) BEDROOM 2 11' 4" x 9' 10" (3.45m x 3m) REFITTED MODERN SHOWER ROOM/WC PRIVATE SOUTH FACING COURTYARD GARDEN GARAGE Available separately, if required.
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.
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About The Leas, Rustington
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