1-bedroom house · BN13 1NT
Listing removedListed 347 days
Opportunity summary
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About
A chain free, ground floor retirement patio apartment positioned on the southerly side of this luxury development and situated in this convenient residential location close to transport links, shopping facilities and amenities.
Catherine Lodge is a modern purpose-built development of 39 one and two bedroom retirement apartments built in 2012 with a range of conveniences and features to include communal lounge, adjacent kitchen, guest suite, house manager, emergency pull-cords/call system, covered mobility scooter charging point, residents & visitors parking and communal laundry room.
Situated on the favoured southerly side of the development, Flat 3 is a very well-presented, south facing, chain free southerly ground floor patio apartment offering modern conveniences.
The accommodation comprises: Secure communal entrance accessed by entry-phone or key fob and reception area which leads to a personal front door.
There is a spacious entrance area with access to large walk-in airing/storage cupboard.
A door opens in to the very spacious southerly living dining room with, french doors which open to the southerly sun patio and access to the modern fitted southerly kitchen with window and range of matching light oak-effect fronted units fitted high level oven and grill, fitted electric hob, extractor hood, integrated fridge, freezer and finished with ceramic tiled splashbacks.
Adjacent to the kitchen and living area is the spacious southerly double bedroom with a dressing area and fitted mirror-fronted wardrobe.
Completing the internal accommodation is the refitted shower room/WC with modern white suite and walk-in shower.
Externally, there are very well-maintained communal areas and gardens that surround the development with adjacent residents and visitors parking.
Lease & Maintenance: There is the remainder of a 125 year lease from 1/09/2011. Service Charge: £2673 per annum. Ground Rent: £591 per annum. Council tax Band B
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.
Area
Agent & docs
FAQ
About Flat 3, Catherine Lodge, 52, Bolsover Road, West Sussex
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