2-bedroom flat · BN17 7JQ
Listing removedListed 44 daysAuction 25 Dec · ended
Opportunity summary
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About
FOR SALE BY AUCTION: To be sold by public auction on the owners' instruction.
A vacant, two-bedroom, top-floor, purpose-built, leasehold (125 years from 25 December 2006) apartment with an approximate internal extent of 495 SQFT and ideal for investors.
To be sold via online bidding on Friday, 2 October 2026.
Auctioneers comments: 'An ideal investment opportunity to acquire a popular rental property on the South Coast.' Auction date The property is to be sold by public auction on Friday, 2 October 2026, via a 2-hour online bidding window.
Description Two bedrooms, top floor, vacant, 495 SQFT, purpose-built, leasehold Location Wick, Littlehampton, West Sussex, 0.8 miles to Littlehampton railway station Latitude: 50.819424 Longitude: -0.544659 Accommodation Top floor: two bedrooms, living room, kitchen, bathroom EPC rating E Cert.
no.: 0310-2782-0390-2024-3471 Tenure Leasehold with vacant possession Title number: WSX306559 Service charge unknown Local authority and council tax band West Sussex County Council Arun District Council Council tax band: A Pre-auction bids To make a pre-auction bid, you must be an approved bidder.
Once you have set up your online bidding account, verified your ID and paid the security deposit, you can email the amount you would like to bid.
The common auction conditions and special conditions apply to all pre-auction bids, and no conditions will be acceptable.
Should your pre-auction bid be accepted, you will need to immediately pay the balance of the 10% deposit (min. £5,000) and all auction fees listed. The Auctioneer reserves the right to refuse any bid.
Auction fees In addition to the 10% deposit (min. £5,000) of your winning bid, you must pay an auction buying commission of 2.5% plus VAT (min.
fee of £2,100.00 plus VAT) of the purchase price and auction buying fee of £1,900.00 plus VAT.
Please be aware that additional fees may be payable on completion, including disbursements in the legal pack. Check the legal pack for each lot you are interested in before bidding.
Value & comps
No previous sales on record.
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Returns
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Archie refurb estimate: a Pro feature
0.0% below starting price
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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 7B Wick Parade, Wick, Littlehampton, West Sussex, BN17 7JQ
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