2-bedroom flat · RH15 0NA
For saleListed 132 days
Opportunity summary
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About
The property is currently under shared ownership of which the current vendor has a 50% share should this be an option for any potential purchaser, the property is available to buy at £140,000, subject to meeting Clarion’s criteria.
An immaculately presented and neutrally decorated 2 bedroom first floor flat, offering spacious accommodation with far reaching views.
The property was built in 2012 by Linden Homes and benefits from a long lease, gas central heating and neutral décor.
Shearing Drive is situated just off the favoured Folders Lane with views from the principle rooms over a small park/playing field. The town centre and mainline station are within a 10 minute walk.
The flat forms part of a small block of only 6 apartments with 2 per floor and the communal hallways are well presented and decorated.
The accommodation includes a particularly spacious entrance hall with an airing cupboard. The dual aspect living/dining/kitchen has views overlooking the playing fields.
A particular feature is the Juliet balcony with views over the green and park. The kitchen is well fitted with a range of high gloss cream cupboards complemented by integrated cooking appliances.
The master bedroom has built in wardrobes and the 2nd bedroom is a generous size and our current vendors use this room as a home office/study.
The bathroom, redecorated in 2026, has been fitted with a modern white suite. Outside there is an allocated parking space (No.68).
There is also a small area of communal gardens as well as a gate access into the park and open green.
Benefits include gas fired central heating (Baxi combination boiler located in the kitchen) and uPVC framed double glazed windows.
Lease term: 125 years from 1st March 2012 Rent: £376.07p/m (Shared ownership only with Clarion) Service charge: £203.13p/m RICS Full market value: £280,000 Valuation expiry date: 19/07/2026 Percentage for sale: 50% (£140,000)
Value & comps
No previous sales on record.
Returns
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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 Shearing Drive, Burgess Hill, RH15
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