2-bedroom flat · BN17 7BA
Listing removedListed 225 days
Opportunity summary
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About
Purpose Built Second Floor Apartment | 50% Shared Ownership | Two Bedrooms | Open Plan Lounge with Fitted Kitchen | Bathroom with Shower | Gas Fired Central Heating | Double Glazing | 108 Year Lease Remaining | The Property Can Be Purchased with 100% Ownership For £170,000 | EER - C Glyn-Jones and Company are delighted to offer this rare opportunity to purchase this 50% shared ownership modern apartment.
The property can be purchased with a 100% ownership for £170,000.
The accommodation comprises; an entrance lobby, a hallway, a spacious open plan living room with a kitchen area which has space for a dining table, two bedrooms and a bathroom with shower and skylight.
In our opinion, the property is presented in very good clean decorative order throughout and benefits from gas fired central heating and double glazing.
Residents of Progress House benefit from a communal garden and bike store/storage cupboard.
Progress House is situated on the corner of Arundel Road and Terminus Road which is situated less than a hundred metres from the town centre.
The mainline train station and bus links can be found within very close proximity.
The River Arun and harbour can also be found within half a mile, as well as the footbridge, which takes you towards West Beach.
The local shopping parade is within 0.5 miles where local supermarket and post office can be found. Tenure: Leasehold – We are advised that there is a 125 year lease from 25th March 2008.
You are advised to have this confirmed by your legal representative at your earliest opportunity.
Monthly Rent: £304.00 pcm Monthly Maintenance: £188.00 pcm We recommend you have this verified by your legal representative at your earliest convenience.
Outer Hallway/Lobby - Entrance Hall - Lounge/Diner - Lounge Area - 4.60m x 3.71m (15'1 x 12'2) - Kitchen Area - 3.84m x 2.64m (12'7 x 8'8) - Bedroom - 5.00m x 2.59m (16'5 x 8'6) - Bedroom - 2.77m x 2.34m (9'1 x 7'8) - Bathroom - 2.62m x 1.83m (8'7 x 6'0) -
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 Arundel Road, Littlehampton
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