1-bedroom house · BN14 9RT
Listing removedListed 653 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A one double bedroom first floor retirement flat forming part of a popular development within in the sought after catchment area of Offington.
The property is just a few hundred yards bus services and local shops at the Thomas A Becket parade and the accommodation consists of a communal hallway, reception hall, lounge/dining room, kitchen, bedroom, shower room, residents parking and attractive communal grounds.
Communal Hallway - Accessed via glazed communal doors with security entryphone system. Staircase to first floor landing. Private door to flat. Reception Hall - 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.
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. Four ring hob with fitted oven and grill below. Integrated fridge/freezer. Part tiled walls.
Tile effect vinyl flooring. Wall mounted boiler. Coved and textured ceiling. Double glazed window. Double Bedroom - 3.51m x 3.30m (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/W.C - Step in double shower cubicle with shower unit and tiled surround.
Wash hand basin with storage cupboard below. Low level w.c. Radiator. Part tiled walls. Extractor fan. Warden pull cord. Textured ceiling.
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. Lease & Maintenance - Lease: 125 years from 1988 (88 years unexpired).
Ground Rent: Approximately £250 per annum Maintenance: £196pm NB: Grange Property Management that the sub-leases stipulate that purchasers of the Flats at The Courtyard must be 60+ years old
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
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FAQ
About Offington Lane, Worthing
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