3-bedroom semi-detached house · BN13 1NY
Sold STCListed 210 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Modern Method of Auction - SEMI DETACHED BUNGALOW in sought after CUL DE SAC with SOUTHERLY REAR GARDENS.
Accommodation comprises LOUNGE/DINING ROOM, conservatory, FITTED KITCHEN, 3 BEDROOMS, part tiled bathroom DRIVEWAY and GARAGE. No onward chain.
This property is for sale by the Modern Method of Auction, meaning the buyer and seller are to Complete within 56 days (the "Reservation Period").
Interested parties personal data will be shared with the Auctioneer (iamsold). If considering buying with a mortgage, inspect and consider the property carefully with your lender before bidding.
A Buyer Information Pack is provided. The winning bidder will pay £349.00 including VAT for this pack which you must view before bidding.
The buyer signs a Reservation Agreement and makes payment of a non-refundable Reservation Fee of 4.5% of the purchase price including VAT, subject to a minimum of £6,600.00 including VAT.
This is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price. This is considered within calculations for Stamp Duty Land Tax.
Services may be recommended by the Agent or Auctioneer in which they will receive payment from the service provider if the service is taken. Payment varies but will be no more than £450.00.
These services are optional.
Situated in a quiet cul-de-sac in Worthing, this semi-detached bungalow presents an excellent opportunity for buyers seeking a property with scope for modernisation and refurbishment.
Upon arrival, you are welcomed via an entrance porch leading into a central hallway, providing access to all principal rooms.
The sitting/dining room has an electric fireplace and benefits from sliding doors opening into the conservatory, creating a bright and versatile living space with access to the garden.
The adjoining kitchen is fitted with a range of base and eye-level units, offering space for further appliances.
The property comprises two well-proportioned double bedrooms, both with fitted wardrobes, along with a further single bedroom.
A family bathroom completes the accommodation, featuring a shower over bath, wash hand basin, and WC.
Externally, the property boasts a well-established rear garden with mature planting, trees, a greenhouse, and a garden shed. There is also side access leading to the garage.
To the front, the property benefits from a driveway providing off-road parking. Offered to the market with no onward chain.
In accordance with the Estate Agents Act 1979, we would inform you that the vendor is a relative of an employee at Sims Williams Estate Agents.
Value & comps
No previous sales on record.
See the independent valuation, upside vs guide, and per-strategy max bid for this lot. Sign in to see it.
Returns
Set an offer; the calculator follows it.
We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below starting price
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All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
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
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FAQ
About Melrose Close, Worthing
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