2-bedroom flat · PO22 7UG
Sold STCListed 512 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Tenure: Leasehold Located within the popular Saxon Reach private estate, this beachfront apartment provides 924 Sq Ft of accommodation and offers a rare opportunity to indulge in seaside living.
Situated on the second floor and with the convenience of a lift, the property boasts breath-taking sea views from the principal rooms along with two separate balconies.
Now offered for sale with the advantage of no onward chain, this property would be ideal as a weekend getaway or downsizing move and provides some potential for modernisation to suit personal tastes.
Accessed via the secure communal entrance there are stairs or a lift to the second floor.
Upon entering the apartment, you are greeted by an entrance hall with two separate store cupboards and the main bathroom.
The two bedrooms both enjoy sea views, with the principal bedroom also having a range of built-in storage and the en-suite shower room.
Passing along the hallway, the sitting room features a balcony, separate dining area and is semi-open plan to the kitchen.
The property also features a recently installed gas combination boiler for heating and hot water.
Outside, the property includes a garage and parking, providing convenient storage and hassle-free parking arrangements.
The convenience of no onward chain adds to the allure of this property, making it a desirable option for those looking to make a swift and seamless move.
Tenure: We understand there is a 999 year lease from 01/01/1997. Maintenance Charge: We understand the maintenance charge is approximately £2,127 p.a. Ground Rent: Peppercorn.
Saxon Reach Estate Charge: We understand there is an annual charge of £325 p.a.
EPC Rating: C Location The Saxon Reach private estate is located in the charming village of Middleton-on-Sea and offers a wide range of local facilities including a primary school, doctors surgery, pharmacy, sports/social club, post office and a range of useful shops, café, fish and chip shop and a pub.
Nearby attractions include Bognor Regis Golf Club, a sailing club and the unspoilt beach. A regular bus service links the village to Bognor Regis which offers a more comprehensive range of amenities.
Historic Arundel, the cathedral city of Chichester and the famous Goodwood motor circuit and racecourse can all be found within an 11 mile radius. What3Words ///folds.toxic.trendy
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.
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FAQ
About 34 Thompson Road, Bognor Regis
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