1-bedroom flat · BN16 3NS
Listing removedListed 135 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Property located in The Street, Rustington Situated in the vibrant heart of Rustington, West Sussex, this delightful one double bedroom retirement flat offers both comfort and convenience in a sought-after coastal village location.
Set on the second and top floor of this purpose-built development, residents enjoy the benefits of a lift and a secure, gated car parking for both residents and visitors, as well as an additional secure entry system for peace of mind.
The flat itself boasts lovely views over the well-maintained communal gardens, creating a peaceful setting to relax and unwind.
Inside, you will find a spacious double bedroom, a modern shower room with WC, and electric heating throughout.
The development offers an array of thoughtfully designed communal facilities, including a welcoming residents' lounge, a laundry room, and the reassuring presence of a visiting manager.
Just steps away, the comprehensive shopping parades of Rustington village centre provide a wealth of shops, cafes, and essential amenities, making every day errands effortlessly convenient.
For those who relish seaside living, the picturesque Rustington seafront awaits approximately half a mile from your doorstep, perfect for leisurely strolls or simply soaking up the fresh sea air.
This lovely property is an ideal choice for those seeking an active yet tranquil retirement lifestyle close to local attractions and community amenities.
Arrange a viewing today to fully appreciate all that this welcoming home and its prime village location have to offer.
Maintenance/Service Charge for year ending 31/3/2024 £3,724.47 per annum or £71.62 per week, (includes water and sewage) Lease - 125 years from 2005 Ground Rent - £469 per annum Council Tax - Band 'C' gated entrance security entryphone system passenger lift & stairs to second floor entrance hall lounge 15' x 11' 4" (4.57m x 3.45m) juliet balcony kitchen 7' 5" x 6' 4" (2.26m x 1.93m) double bedroom 13' 10" x 8' 9" (4.22m x 2.67m) shower room/WC residents lounge & kitchen guest suite laundry room hobby room resident parking communal garden & patio
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 32 Pegasus Court, The Street, Rustington
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