2-bedroom bungalow · BN15 0LJ
Sold STCListed 260 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
*** £400,000 - £425,000 Guide Price *** Robert Luff & Co are delighted to welcome to the market this wonderful detached home benefiting from a studio office currently being used as a nail saloon and benefiting from a w/c.
Internally the property is well presented throughout and briefly comprises two bedrooms, south facing lounge with log burner, kitchen dining room and bathroom whilst outside offers a good size rear garden with patio seating area and mature shrubs and borders.
Located in North Sompting this property sits at the foot of the South Downs National Park which offers a wealth of countryside walks, also close by are local shops and easy access to the A27 whilst local bus routes are within walking distance.
This property has previously had planning permission for a loft extension which has now expired however we feel that subject to the necessary planning consents this property could be extended either to the rear or into the loft.
Front Door - Leading to: Hallway - Storage Cupboard, radiator, loft access, doors to: Kitchen - Solid oak flooring, range of eye and base level cupboards with work surfaces over, space for dishwasher & washing machine, sink drainer with mixer tap over, gas hob with extractor fan over, double eye level oven, space for fridge freezer, double glazed windows, double glazed patio doors, opening to: Lounge - Carpet, double glazed dual aspect windows, radiator, log burner Bedroom One - Carpet, radiator, double glazed window Bedroom Two - Carpet, radiator, double glazed window Bathroom - Vinyl flooring, low level flush w/c enclosed in vanity unit with wash hand basin, panelled bath with shower over, double glazed window, radiator Outside - Rear Garden - Mainly laid to lawn enclosed by fence with side access via a gate, patio seating area Studio Office Room - Studio office set up currently as a nail bar with w/c, double glazed sliding doors, power and light Front - Dropped kerb, shared drive, front garden laid to lawn with mature shrubs and trees
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 Steepdown Road, Sompting, Lancing
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