2-bedroom flat · BN15 9HR
Listing removedListed 118 days · slow let
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
An extremely spacious ground floor flat which has been redecorated throughout and the benefit of new floor coverings.
The kitchen was refitted within recent years and benefits from grey high gloss units with an integrated oven and hob whilst the bathroom offers a white suite with bath and shower over.
The two bedrooms are both of a good size and the south facing lounge/dining room has a private door approached from the front of the building, as well as communal front and rear access.
All windows are double glazed and there is a full gas central heating system with a combi boiler.
In the communal hallway there is additional storage with a locked cupboard as well as an outside store shed.
Situated in a most convenient location just a short distance from Lancing's railway station and extensive range of shopping facilities. There is unallocated parking on the development. Council Tax B.
EPC C.
Value & comps
No previous sales on record.
Rental comparables are shown in the Rental section below. Sold comparables remain for area capital context only.
Returns
We're still gathering serviced-accommodation data for this area.
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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 7 Warren Court, Sompting Road, Lancing
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