2-bedroom flat · BN11 5RD
For saleListed 2 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A spacious chain free purpose built ground floor flat with two double bedrooms, useable communal gardens and a garage. Convenietly located for both local shops and the seafront.
A communal entrance leads to the private front door, conveniently situated on the ground floor.
The L-shaped entrance hall benefits from a built-in cloak cupboard and a further storage cupboard housing the water tank.
The spacious lounge/dining room features an attractive double-glazed bay window overlooking the communal gardens, with the fitted kitchen enjoying the same pleasant aspect.
The kitchen comprises a range of base and wall units, together with space for appliances.
Both double bedrooms are positioned to the rear of the property, enjoying a westerly aspect and benefiting from built-in wardrobes.
The accommodation is completed by a refitted bathroom and a separate WC. Outside, residents are welcome to adopt and maintain a section of the communal gardens should they wish to do so.
The property also benefits from a garage situated within the compound to the rear of the development.
Leasehold Unexpired Years: 82 Annual Ground Rent: £150 Ground Rent Increase: TBC Ground Rent Review Period: TBC Annual Service: £2,206 These details are to be confirmed by the vendor's solicitor and must be verified by a buyer's solicitor.
ADDITIONAL INFORMATION Materials used in construction: ASK AGENT For further information on broadband and mobile coverage, please refer to the Ofcom Checker online Should a purchaser(s) have an offer accepted on a property marketed by Charters Estate Agents, they will need to undertake an identification check.
This is done to meet our obligation under Anti Money Laundering Regulations (AML) and is a legal requirement. We use a specialist third party service to verify your identity.
The cost of these checks is £60 inc. VAT per purchaser, which is paid in advance, when an offer is agreed and prior to a sales memorandum being issued.
This charge is non-refundable under any circumstances.
Situated in this desirable and highly convenient location in West Worthing on the favoured south side of Goring Road between the comprehensive shopping precinct and the seafront which is located at the bottom of the road.
West Worthing Railway Station offering its city and coastal services can be found to the north east of the property.
There is also a comprehensive bus network with stops nearby offering routes to surrounding districts. Also, there are good road links via the coastal A259 as well as the main A27 to the north.
West Worthing's popular beach and seafront promenade is located at the foot of Wallace & George V Avenue to the south with its walks and popular cafes.
Worthing's main town centre with its more comprehensive range of shopping facilities, amenities, cafés, bars, restaurants, parks, gardens, theatre, cinema and hospital with A&E dept.
can be found approximately 1.5 miles distant to the east. The immediate area is also well served with schools for all age groups.
Value & comps
No previous sales on record.
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 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 Wallace Avenue, Worthing, West Sussex, BN11
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