No floorplan from the agent

Middle Road, Lancing, BN15 9JF

Studio flat · BN15 9JF

312 sq ftFirst Floor Studio Flat · Walking Distance To Village Centre & Railway Station · Double Glazing

Asking

£90,000

Listing removedListed 394 days

Chain FreeMotivated Seller

Investor metrics

Back on Market

Opportunity summary

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About

The property

Robert Luff & Co are delighted to present this CHAIN FREE first floor studio flat, ideally located just a short walk from Lancing village centre and mainline railway station.

The accommodation briefly comprises: Studio room, separate kitchen, inner lobby with plumbing for washing machine and bathroom. Viewing recommended - IDEAL FIRST TIME BUY OR BUY TO LET!!

Communal Entrance Hall - Stairs to first floor landing.

Personal Front Door - To: Studio Room - 5.08m x 3.45m (16'8" x 11'4") - Double glazed window to front, door entryphone system, cupboard housing fuse box, two night storage heaters.

Kitchen - 2.44m x 1.57m (8' x 5'2") - Double glazed windows to front & side.

Range of fitted wall & base level units, fitted roll edged worksurfaces incorporating stainless steel single drainer sink unit with mixer tap, electric cooker point, tiled splashbacks, cupboard.

Inner Lobby - Double glazed window to side, space & plumbing for washing machine. Bathroom - Double glazed window to side.

Fitted suite comprising: Panel enclosed bath with mixer tap & shower attachment, close coupled WC, pedestal wash hand basin, wall mounted hot water boiler, part tiled walls.

Lease & Outgoings - Our client has advised us of the following: Lease: 76 Years remaining Service Charge: £670 p.a.

Chain Free

Motivated Seller

Key information

Price per Square Foot

£288/sq ft

Based on 312 sq ft (29 sq m)

Floor Area

312 sq ft (29 sq m)

Council Tax Band

Band A

Estimated ~£1200/year

Tenure

Leasehold

Local Authority

Adur District

District

County

West Sussex County

Property features

First Floor Studio Flat
Walking Distance To Village Centre & Railway Station
Double Glazing
Electric Heating
No Onward Chain
EPC: TBC
Council Tax Band: A

Value & comps

What is it worth?

No previous sales on record.

Comparable salesNo comps yet

No comparable sales matched this property yet.

Returns

What does it return?

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Rent evidence

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Local SA Market

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Deal

Is it a deal?

Archie’s verdict

Archie has scored this property.

Deal score · weighted

Weak signals — move on

Factor breakdown

BMV discountNot calculated, and not zero — there is no value estimate for this property to discount against.

0/25

Yield potential—

0/25

Motivation signalsNot enough data

0/25

Days on market394 days · price-fatigue

25/25

—

Seller motivation

Not scored yet

Days on market394

Price reduction—

STC fall-through—

Back to marketYes

Agency change—

EPC rating—

Listing timeline

First listedListed at £90,00023-09-2025

Back on marketDay 394 on marketToday

Strategy fit

No strategy scores available yet.

Article 4No HMO Article 4 held

HMO Conversion Potential

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.

Tier, yield projection, and cost stack — Pro tier only.

PD Conversion Potential

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.

Tier, route, yield projection, and cost stack - Pro tier only.

BRRR Candidate

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.

Tier, refurb cost, ARV, and refi maths - Pro tier only.

Plot subdivision potential

Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.

Lease extension arbitrage

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.