2-bedroom property · BN14 8AJ
Sold STCReduced £10k (−11.1%) on 7 FebListed 343 days
Opportunity summary
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About
We are delighted to offer for sale this well presented top floor two double bedroom retirement apartment for over 60's, which has the added benefit of no chain & being lift serviced.
In brief the property benefits from two spacious double bedrooms both having built in wardrobe & storage space, a modern fitted shower room, an open plan living room with built in storage units which opens into a fitted kitchen with space for appliances.
There is also the option to access the communal lounge area, laundry room which is fully equipped & there is a guest suite available to book for visitors & guests, there is also residents parking available to the rear of the building.
Call now to arrange your viewing! Communal Entrance - Stairs & Lift to top floor, private front door opening into Hallway.
Entrance Hallway - 15’10 x 6’8 - Carpeted floor, wall mounted electric heater, smoke detector, three fitted storage cupboards, textured ceiling with coving.
Lounge - 16 x 11’4 - Carpeted floor, a range of fitted storage cupboards, wall mounted electric heater, three wall mounted light fittings, double glazed window, security telephone entry system, textured ceiling with coving.
Fitted Kitchen - 7’4 x 6’9 - Vinyl flooring, roll edge laminate work surfaces with cupboards below & matching eye level cupboards, space for fridge freezer, space for washing machine, integrated stainless steel single drainer sink unit with mixer tap, tiled walls, extractor fan, textured ceiling with coving.
Bedroom One - 14’9 x 8’11 - Carpeted floor, wall mounted electric heater, two double glazed windows, fitted wardrobes with various hanging rails & shelving, textured & coved ceiling.
Bedroom Two - 14’9 x 8’8 - Carpeted floor, wall mounted electric heater, double glazed window, a range of fitted wardrobes with various hanging rails & shelving, built in dressing table having a range of cupboards & drawers, textured ceiling with coving.
Shower Room - 6’7 x 5’8 - Vinyl flooring, low flush WC, hand wash basin with mixer tap having cupboards below, wall mounted vanity unit with mirrored front, fitted double width shower cubicle having an integrated power shower, extractor fan, wall mounted electric heater, textured ceiling with coving.
Residents Laundry Room - Fully equipped for residents use. Guest Suite - Available for visiting friends and family. Externally - Communal Gardens - Well maintained gardens surround the development.
Lease Information - Lease: 87 Years Remaining Maintenance: £5,628pa Ground Rent: £554pa There is a 1% sell on fee which is payable upon completion to First Port 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.
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FAQ
About Homesteyne House, Broadwater, Worthing, BN14 8AJ
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