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See how verdicts work1-bedroom flat · RH12 5HH
Listing removedListed 245 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A first-floor flat in a desirable part of Horsham, requiring some minor decoration and modernisation works.
With a long lease and competitive outgoings, the property would make an ideal investment/project. The Accommodation comprises: COMMUNAL ENTRANCE: Entryphone system.
Stairs to first-floor landing: Electric meter cupboard. FRONT DOOR TO RECEPTION HALL: Electric convector heater. Circuit breakers and heating timer.
SLIDING LADDER TO LOFT SPACE: Entirely boarded, providing a useful storage area. LOUNGE: 13'8 x 10' Outlook to the front. Convector/storage heater. KITCHEN: 9'3 x 9' Outlook to the rear.
Fitted Formica worktop with inset stainless-steel sink, storage cupboards and drawers below.
Space and plumbing for a washing machine, space for fridge, space and point for electric cooker with extractor hood above.
Range of eye-level cupboards, tiled splash-back to working areas, tiled floor. BEDROOM: 12'7 x 8'10 Outlook to the front. Storage heater.
BATHROOM: 7' x 5'7 Panel-enclosed bath, shower attachment and shower screen, pedestal wash-basin, low flush WC. OUTSIDE: COMMUNAL GROUNDS: Laid to lawn and shrubs. COMMUNAL PARKING AREA.
Construction materials used: Brick and block. Water source: Direct mains water. Electricity source: National Grid. Sewerage arrangements: Standard UK domestic.
Heating Supply: Central heating (electric). Parking Availability: Yes.
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 Gorringes Brook, Horsham
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