1-bedroom flat · RH15 9AE
Listing removedListed 120 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A one bedroom first floor flat conversion neutrally decorated, presented with no ongoing chain.
The flat was converted in 2014 with an 150 year lease, located in the centre of the town, ideal for all amenities and commuters with the station being within a 3 minute walk.
The accommodation includes a communal entrance with stairs to the 1st floor landing. On the first floor there is a communal bike store.
A private front door opens to the entrance hall with entry phone system and deep storage/airing cupboard.
The modern living open plan kitchen/living room features 2 picture windows, space for a table and chairs and a kitchen fitted with blue cupboards complemented by integrated cooking appliances.
There is a generous size double bedroom and a bathroom fitted with a white suite and modern ceramic tiles.
Benefits include slimline electric heating, oak panelled doors and uPVC framed double glazed windows.
Maintenance: approximately £1000 per annum Ground Rent: £200 per annum Lease: 150 years from 2014 Managing Agents: Martin & Co Haywards Heath &
Value & comps
No previous sales on record.
Returns
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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
FAQ
About Church Road, Mellish House, RH15
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