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See how verdicts work1-bedroom flat · BN15 9AN
Sold STCReduced £10k (−5%) on 24 SepListed 117 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Situated on the ground floor, this beautifully presented one-bedroom apartment is an ideal purchase for first-time buyers, downsizers, or buy-to-let investors, offering stylish accommodation in a highly convenient location close to the heart of Lancing.
Situated on the ground floor, this beautifully presented one-bedroom apartment is an ideal purchase for first-time buyers, downsizers, or buy-to-let investors, offering stylish accommodation in a highly convenient location close to the heart of Lancing.
The property has been well maintained throughout and is ready to move straight into.
The spacious living/dining room provides a bright and versatile space for relaxing or entertaining, with direct access to a west-facing balcony-perfect for enjoying the afternoon and evening sun.
The modern fitted kitchen is well equipped with a range of contemporary units, offering ample storage and worktop space for everyday living.
The generous double bedroom provides comfortable accommodation, while the stylish shower room/WC has been finished with modern fittings to create a fresh and contemporary feel.
Ideally located within easy walking distance of Lancing Village, residents can enjoy a wide selection of shops, cafés, supermarkets and everyday amenities.
Lancing railway station is also nearby, providing excellent transport links along the coast and to London, making the property equally appealing to commuters.
Combining a sought-after location with well-presented accommodation throughout, this attractive apartment represents an excellent opportunity for those looking to step onto the property ladder or secure a quality investment.
** Under the 1979 Estate Agents Act, we wish to declare that the vendor of the property is associated with a Charters Estate Agents employee** Tenure Leasehold 125 Years From 25/03/2006 Unexpired Years: 105 Years Remaining Annual Ground Rent: £197.25 Ground Rent Increase: Ask Agent Ground Rent Review Period: Ask Agent Annual Service Charge: £1,500 These details are to be confirmed by the vendor's solicitor and must be verified by a buyer's solicitor.
Agents Note: Where this property is subject to estate management, service, and/or ground rent charges, an administrative fee may be payable to the management company to transfer these charges into the buyer’s name upon completion.
Additional information Materials used in construction: Ask Agent For further information on broadband and mobile coverage, please refer to the Ofcom Checker online Should a purchaser(s) have an offer accepted on a property marketed by Charters Estate Agents, they will need to undertake an identification check.
This is done to meet our obligation under Anti Money Laundering Regulations (aml) and is a legal requirement. We use a specialist third party service to verify your identity.
The cost of these checks is £60 inc. VAT per purchaser, which is paid in advance, when an offer is agreed and prior to a sales memorandum being issued.
This charge is non-refundable under any circumstances.
Situated in the highly convenient Penstone Park development, this property enjoys a sought-after position within easy reach of the heart of Lancing Village.
Residents benefit from an excellent selection of local shops, supermarkets, cafés, restaurants and everyday amenities, all within walking distance, together with Lancing's popular leisure centre and healthcare facilities.
Lancing mainline railway station is just a short stroll away, providing regular services to Brighton, Worthing, Chichester, Portsmouth and London, making the location particularly appealing to commuters.
Excellent road links via the A27 and A259 also offer convenient access along the South Coast and beyond.
The area is renowned for its excellent outdoor lifestyle, with Lancing Beach and seafront within easy reach, offering miles of coastline, scenic walks and water sports.
To the north lies the stunning South Downs National Park, providing beautiful countryside, walking trails and panoramic views, whilst nearby Lancing Ring Nature Reserve offers further opportunities for outdoor recreation.
Families are well catered for with a choice of highly regarded schools for all ages close by, together with parks, sports clubs and community facilities.
The neighbouring towns of Worthing and Shoreham-by-Sea offer an even wider selection of shopping, dining and entertainment options, ensuring Penstone Park combines peaceful residential living with exceptional convenience.
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
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FAQ
About 1 St. Nicholas Court,, Penstone Park, West Sussex
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