1-bedroom property · BN14 9RT
Listing removedReduced £11k (−10%) on 7 FebListed 441 days
Opportunity summary
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About
Ian Watkins Estate Agents are pleased to offer for sale this one bedroom first floor retirement flat in a popular development in Offington, close to local bus services and local shops at the Thomas A'Becket parade.
The accommodation features communal hallway, reception hall, lounge, kitchen, bedroom, shower room/WC. Outside there is attractive communal grounds and residents parking.
Further features include gas heating, double glazing and no ongoing chain. Internal viewing recommended.
* Retirement Apartment * One Double Bedroom * First Floor * Views Over Communal Garden * Gas Central Heating * Residents Parking * West Aspect Rooms * Sought After Development Accommodation comprises: * COMMUNAL HALLWAY Accessed via glazed communal doors with security entryphone system, staircase to the first floor landing, private door to - * RECEPTION HALL With radiator in decorative casing, central heating thermostat, built-in shelved storage cupboard, built-in airing cupboard, warden pull cord, dado rail, coved and textured ceiling.
* LOUNGE: 4.47m x 3.33m (14' 8" x 10' 11") West aspect via double glazed window and Juliette balcony, fireplace having raised hearth, surround and mantle over, radiator, dado rail, four wall light points, dimmer switch, entryphone, warden pull cord, coved and textured ceiling with ceiling rose, opening to - * KITCHEN: 2.49m x 1.78m (8' 2" x 5' 10") Fitted suite comprising of a single drainer sink unit having mixer taps and with storage cupboard and space for washing machine below, areas of work surfaces offering additional cupboards and drawers under, matching shelved wall units, 4-ring hob with fitted oven and grill below, integrated fridge/freezer, part tiled walls, tiled effect vinyl flooring, wall mounted boiler, coved and textured ceiling, double glazed window.
* BEDROOM: 3.51m x 3.3m (11' 6" x 10' 10") West aspect double glazed windows, fitted bedroom wardrobes, radiator in decorative casing, dado rail, warden pull cord, coved and textured ceiling.
* SHOWER ROOM/WC Comprising step-in double shower cubicle with shower unit and tiled surround, wash hand basin with storage cupboard below, low level WC, radiator, part tiled walls, extractor fan, warden pull cord, textured ceiling.
* OUTSIDE * COMMUNAL GROUNDS Attractive and well kept communal grounds and gardens surround the development with a laundry area to the rear of the block.
* RESIDENTS PARKING Residents permit parking to the front of the development.
* NB GRANGE PROPERTY MANAGEMTENT THAT THE SUB-LEASES STIPULATE THAT PURCHASERS OF THE FLATS AT THE COURTYARD MUST BE 60 PLUS YEARS OLD.
* LEASE AND MAINTENANCE - LEASE - 125 years from 1988 (88 years unexpired) GROUND RENT - Approximately £75.00 per annum MAINTENANCE - £196.95 per month, including water rates.
This property is sold on a leasehold basis. The lease length is years.
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 The Courtyard, 22/26 Offington Lane, Offington , Worthing, West Sussex, BN14 9RT
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