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See how verdicts work1-bedroom property · BN15 8PA
Sold STCListed 262 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Robert Luff & Co are delighted to present this extremely well presented one double bedroom flat, forming part of this popular retirement complex in South Lancing.
Lancing village centre and beach are just a short walk away and the 700 bus service passes along Brighton Road, providing easy access to Brighton, Worthing & beyond.
The well proportioned accommodation comprises: Entrance hall with impressive storage cupboards, Southerly aspect living room, double bedroom with wardrobe, modern fitted kitchen with integrated appliances and a contemporary shower room.
The property further benefits from a communal laundry, residents lounge and a friendly community. NO CHAIN! Communal Front Door - Stairs to first floor landing.
Personal Front Door - To: Entrance Hall - Loft access, two storage cupboards, further airing cupboard with slatted shelving, night storage heater.
Lounge - 4.22m x 3.66m (13'10" x 12') - Double glazed window to front, feature fireplace, night storage heater. Kitchen - 3.28m x 2.18m (10'9" x 7'2") - Double glazed window to rear.
Fitted kitchen comprising: Range of fitted wall & base level units, fitted roll edged worksurfaces incorporating stainless steel single drainer sink unit with mixer tap, integrated electric oven, hob, extractor hood, fridge & freezer.
Bedroom - 3.18m x 2.62m (10'5" x 8'7") - Triple glazed window to rear, wardrobe and chest of drawers, night storage heater, coving. Shower Room - Velux window.
Fitted contemporary suite comprising: Full size walk in shower enclosure with wall mounted electric shower, vanity unit with inset wash hand basin and cupboard under enclosed cistern WC, heated towel rail.
Communal Gardens - Well maintained gardens with seating areas. Communal Laundry - Residents Lounge - Lease & Maintenance - We have been advised of the following: Lease: 81 Years Remaining.
Maintenance: £1,538.16 p.a. Ground Rent: £24 p.a.
Value & comps
No previous sales on record.
Returns
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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
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FAQ
About Elm Grove, Lancing
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