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 work3-bedroom flat
Listing removedListed 3 daysAuction 29 Sep · ended
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
*Offers Over £475,000* An immaculately presented three bedroom ground floor apartment providing bright, spacious and versatile accommodation, along with an top floor store room, a private patio, and an allocated garage with a parking space in front.
The property has been well-maintained and upgraded to an exceptionally high standard, and benefits from all new external doors and windows which were replaced from wood to aluminium around three years ago.
This prestigious development is made up of just five homes and sits on the tree-lined residential road on the North side, boasting around 0.4 acres of mature grounds and south-facing gardens, and having easy access to the city centre.
This property is being sold through Express Auction Alternative and marketed at an attractive Guide Price, designed to generate strong buyer interest and encourage a committed sale An undisclosed Seller Minimum Price applies within this Guide Price range.
This is not an auction. There is no auction timer, bidding deadline or public reserve price.
Benefits for the successful Buyer Once your offer is accepted, the Express Buyer Reservation Agreement is completed and the Buyer Reservation Fee is paid: • the property is reserved exclusively to you for up to 8 weeks, subject to you complying with the Agreement; • active marketing will be suspended or the property may be marked as reserved or sold subject to contract; • while you are complying with the Agreement, the Seller has agreed not to negotiate with or accept an offer from another buyer, helping reduce the risk of gazumping; • a Buyer Information Pack will be made available where applicable, which may include title and property information together with Local Authority and Water & Drainage searches, helping key information become available earlier in the transaction; and • our specialist Sales Progression team will help both parties progress the transaction towards completion.
If your offer is accepted, you will be required to sign an Express Buyer Reservation Agreement and pay a Buyer Reservation Fee of 1.5% + VAT (1.8% including VAT) of the agreed purchase price, subject to a minimum fee of £3495 + VAT (£4194 including VAT).
The Buyer Reservation Fee is payable in addition to the purchase price, is not a deposit, does not form part of the purchase price and may be retained in certain circumstances in accordance with the Agreement.
The purchase remains Subject to Contract or, in Scotland, Subject to Missives.
Full terms, including the Reservation Fee, reservation period, Buyer obligations, exclusivity and refund provisions, are set out in the Express Buyer Reservation Agreement.
Additional information: Council Tax Band: F Local Authority: Chichester Lease Term: 999 years from 29 September 1999 Ground Rent: A Peppercorn Service Charges: £2,347.73 per 6 months *This information is based on information obtained via Land Registry and/or the vendor at the point of listing and will therefore need to be confirmed by a solicitor* Anti-money laundering checks: If your offer is accepted on a property marketed by Express Estate Agency, each purchaser will be required to complete identity, Anti-Money Laundering and proof/source of funds checks.
These checks are carried out to meet our obligations under UK Anti-Money Laundering Regulations and must be completed before we can issue the Memorandum of Sale.
We use specialist third-party services together with our in-house compliance procedures to verify the information provided.
The cost is £70 including VAT per purchaser, payable in advance once an offer has been accepted.
This fee is non-refundable and covers the identity, Anti-Money Laundering, proof/source of funds and associated compliance checks.
Legal disclaimer: These particulars, whilst believed to be accurate are set out as a general guideline and do not constitute any part of an offer or contract.
Intending Purchasers should not rely on them as statements of representation of fact, but must satisfy themselves by inspection or otherwise as to their accuracy.
Please note that we have not tested any apparatus, equipment, fixtures, fittings or services including heating and so cannot verify they are in working order or fit for their purpose.
Furthermore, Solicitors should confirm moveable items described in the sales particulars and, in fact, included in the sale since circumstances do change during the marketing or negotiations.
Although we try to ensure accuracy, if measurements are used in this listing, they may be approximate.
Therefore if intending Purchasers need accurate measurements to order carpeting or to ensure existing furniture will fit, they should take such measurements themselves.
Photographs are reproduced general information and it must not be inferred that any item is included for sale with the property.
Tenure To be confirmed by the Vendor’s Solicitors Possession Vacant possession upon completion Viewing Viewing strictly by appointment through The Express Estate Agency
Value & comps
No previous sales on record.
See the independent valuation, upside vs guide, and per-strategy max bid for this lot. Sign in to see it.
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 starting price
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
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.
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