1-bedroom house · RH13 5AA
Listing removedReduced £10k (−2.5%) on 20 JunListed 257 days
Opportunity summary
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About
Location The property is an interesting commercial & residential building conveniently positioned on Queen Street, which is a continuation of Brighton Road, on a direct route into Horsham town centre, so is in a highly visible position.
The property is set in a row of similar mixed-use buildings, with neighbouring businesses including restaurants, a travel agent, angling shop and bicycle retailer, although the current occupier of the commercial unit is on a fixed-term lease, so is unaffected.
Horsham is a vibrant market town, with a wide selection of shops, from independent retailers to major High Street brands, including John Lewis, Oliver Bonas & tk Maxx.
The property is set within a short walk of East Street, famed with its varied selection of bars, restaurants and coffee shops, so is in a highly convenient position.
Accommodation summary The property is being sold as a freehold investment, but is divided into a separate commercial office, with a first-floor flat set directly over.
Currently, the ground floor office is let to Tax Assist on a 10-year lease that started on XXXX for a current rent of £1000 pcm (£12,000 pa) and will be unaffected by the sale of the building.
The first floor features a separate flat, approached through its own front door, via an external staircase.
The flat offers potential as either an investment, to let out, or as a home for an owner-occupier, and features a living room, modern fitted kitchen, refitted white bathroom suite, separate utility area and a bedroom.
However, the property could offer further potential for enlargement by converting the loft (STPP). Gardens & parking The property benefits from its own area of garden, a rear driveway and garage.
The garden extends to in excess of 20M, with side access, a good-sized area of lawn, with a concrete patio area with a raised brick-edged bed that could be used as a flower bed or fire pit.
This leads to a large detached garage extending to 28'2 x 10'7. To the rear of the garage there is parking for approximately 2 vehicles, which is approached from a rear service road.
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
Agent & docs
FAQ
About 33 Queen Street, Horsham
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