We've tightened what earns a Pursue. A home now needs a published valuation, a strategy that still makes money after real running costs and lender stress tests, and no listing problems that would stop a mortgage. You'll see fewer Pursues, and each one has been checked harder.
See how verdicts work1-bedroom property · PO22 6RP
Under offerReduced £15k (−15%) on 26 OctListed 262 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
VACANT POSSESSION - NO CHAIN.
Ideally situated within walking distance of the doctors' surgery and bus routes, this ground-floor retirement apartment benefits from the following accommodation: entrance hall with storage cupboard, stylish fitted kitchen with integrated oven, hob, extractor unit, dishwasher and washing machine; spacious living room with access door to a patio and bay area with further access door to additional patio; double bedroom with built-in wardrobe; shower-room with cupboard.
In addition, the property has the benefit of well-maintained communal gardens and parking plus laundry facilities. EPC - E. Tenure - leasehold - 99-year lease with 93 years remaining.
Service charge £2,433.75 per annum. Ground rent - nil. Council Tax Band - B.
Kitchen - 2.84 x 2.90 (9'3" x 9'6") - Living Room - 6.47 x 3.28 (21'2" x 10'9") - Bedroom - 4.49 x 2.58 (14'8" x 8'5") - Shower Room - 1.76 x 2.17 (5'9" x 7'1") -
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
Agent & docs
FAQ
About Priestley Way, Bognor Regis
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