1-bedroom flat · BN11 5QX
Sold STCListed 164 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
James & James Estate Agents are delighted to bring to the market this beautifully presented and spacious penthouse apartment.
The apartment boasts some delightful views over Worthing to the South Downs, whilst being approximately 1/2 mile from Worthing seafront.
The accommodation in brief comprises passenger lift to second floor, spacious entrance hall with good size storage cupboards, sitting/dining room with two dormer windows, and opening onto modern fitted kitchen with fitted appliances, newly fitted work surface, gas hob and tiling, double bedroom with pleasant outlook, and modern fitted bathroom.
Other benefits include ample eaves storage accessed via the entrance hall and sitting room, double glazing, gas central heating, communal gardens and an allocated parking space.
Situated in Wallace Avenue, the property is ideally situated between the beach and the shops in Goring Road.
The nearest mainline railway station is West Worthing giving access to London Victoria and Brighton. Bus route also serve the area providing access to Worthing town and the surrounding areas.
In our opinion internal viewing is considered essential to appreciate how beautiful this apartment is.
Lease years remaining - 106 Service charge - £1,060 approx per annum Ground rent - £75 per annum Passenger Lift To Second Floor - Entrance Hall With 3 Storage Cupboards - 4.55m x 1.63m (14'11 x 5'4) - Sitting/Dining Room With Views To The South Downs - 5.38m x 3.48m narrowing to 2.36m (17'8 x 11'5 narr - Modern Fitted Kitchen - 2.31m x 2.34m (7'7 x 7'8) - Double Bedroom - 3.15m x 3.73m narrowing to 2.84m (10'4 x 12'3 narr - Modern Bathroom - 1.91m x 1.85m (6'3 x 6'1) - Communal Gardens - Allocated Parking Space -
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 Marine House, 44 Wallace Avenue, Worthing
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