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See how verdicts work1-bedroom flat · BN15 0DW
No longer listedListed 1206 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Internal The property is approached via a communal front door with entry phone system giving access into the communal hallway with door out into communal garden.
As you walk through the front door you are welcomed into the hallway with doors leading off. The kitchen has a range of base level units, space for oven and fridge freezer and two storage cupboards.
Continuing down the hall, ahead of you is the lounge which is northerly aspect, overlooking the green and features a storage cupboard housing boiler.
Off the lounge is a good sized bedroom which comprises a built in wardrobe and overlooks the communal garden. The bathroom features tiled shower, wash hand basin with storage underneath and wc.
External The property benefits from a mainly paved south facing communal garden which has allocated storage just off suitable for bike storage etc.
There is also a extra storage cupboard located underneath the stairs in the communal hallway.
Situated Millfield is located just off Busticle Lane in South Sompting and is approximately 1.2 miles from Lancing Station and just under a mile and a half from Lancing Beach.
The A27 is close at hand, so you'll have easy access to the whole of the south-east, including Heathrow and Gatwick airports.
Outgoings Lease - 97 years remaining Maintenance - £795 per year Ground Rent - £10 per year council tax band C
Value & comps
No previous sales on record.
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 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
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FAQ
About 34, Millfield, Lancing
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