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See how verdicts work2-bedroom flat · BN16 2RE
Sold STCReduced £10k (−6.7%) on 26 OctListed 229 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Located in the heart of Rustington, West Sussex, this modernised and redecorated two-bedroom ground floor retirement flat offers the perfect blend of comfort and convenience.
Set within a well-maintained development, residents benefit from a secure entry phone system, a dedicated development manager, a passenger lift, and modern electric heating throughout.
The property boasts a double aspect lounge with access to the gardens, two well-proportioned bedrooms, modern refitted kitchen with built in oven and hob and a modern refitted shower room w/c.
The lease with 108 years remaining ensures long-term peace of mind, while being sold with no onward chain streamlines the purchase process for prospective buyers.
Emergency pull cords are thoughtfully installed throughout, offering added reassurance.
Surrounded by communal landscaped gardens and benefitting from residents' parking, the flat is Ideally situated close to the vibrant village centre and the picturesque seafront, the location offers outstanding access to local shops and convenient bus routes-making day-to-day errands and seaside strolls a pleasure.
Perfect for those seeking an independent yet supportive lifestyle close to both amenities and the coast, this inviting flat pairs modern luxuries with a sought-after coastal position.
Viewing is strongly advised to appreciate all that this charming property and its prime location have to offer. Arrange your visit today.
Service Charge - Approximately £4,100 per annum Ground Rent - £500 per annum Lease - 125 years from 11/5/2009 - 108 year remaining Residents Parking on a first come, first served basis There is currently a waiting list to store a mobility scooter Age Restriction - Minimum of State Retirement Age SECURITY ENTRYPHONE SYSTEM COMMUNAL ENTRANCE HALL ENTRANCE HALL LOUNGE 13' 11" x 13' 6" (4.24m x 4.11m) KITCHEN 9' 2" x 8' 8" (2.79m x 2.64m) BEDROOM 1 13' 6" x 8' 8" (4.11m x 2.64m) BEDROOM 2 9' 1" x 8' 7" (2.77m x 2.62m) SHOWER ROOM/WC RESIDENTS PARKING COMMUNAL SUN LOUNGE COMMUNAL GARDENS
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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About Sea Lane, Rustington
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