1-bedroom flat · BN14 9AN
For saleReduced £20k (−16.7%) on 16 OctListed 86 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A stunning one bedroom ground floor retirement apartment, exclusively for the over 60s, situated within the popular Penrith Court development in Broadwater.
This attractive apartment offers comfortable, low maintenance living and benefits from direct access to the well maintained communal gardens, providing a pleasant outlook and outdoor space.
The accommodation comprises a welcoming entrance hall with two useful storage cupboards, a bright and spacious living room with doors opening directly onto the South facing gardens, a fitted kitchen with a range of modern white gloss units, a generous double bedroom with built in wardrobes, and a contemporary shower room.
Residents of Penrith Court benefit from a range of communal facilities, including a residents' lounge with adjoining kitchen, laundry room, guest suite, landscaped communal gardens, and non-allocated resident parking.
Further features include double glazing, electric heating, a secure entry phone system, passenger lift, an emergency pull-cord assistance system, and the advantage of no onward chain.
Conveniently located close to local shops, amenities and transport links, this retirement apartment is presented in excellent condition throughout and offers an ideal opportunity for independent living within a welcoming community.
Internal viewing is highly recommended.
Lease years remaining - 69 Service charge - £4,713.96 Communal Entrance Entrance Hall South Facing Lounge (5.54m x 3.12m (18'2 x 10'3)) Kitchen (2.44m x 2.11m (8' x 6'11)) Double Bedroom (4.37m x 2.72m (14'4 x 8'11)) Shower Room (2.24m x 1.60m (7'4 x 5'3)) Communal Gardens Residents Lounge
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.
Area
Agent & docs
FAQ
About 3 Penrith Court, Broadwater Street East, Worthing
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