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See how verdicts work2-bedroom flat · PO21 4TP
Sold STCReduced £10k (−7.4%) on 26 OctListed 213 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Our Comments Located directly opposite the Pagham shops and less than 300m walk to the seafront, is this unusual Freehold, purpose built, first floor apartment.
Redecorated and prepared for sale in March 2026 the accommodation comprises: entrance hall, very large lounge, inner hall, small kitchen, a substantial main bedroom, a 2nd bedroom and a bathroom.
The apartment is well served for storage with built-in wardrobes to the main bedroom and cupboards to the inner hall.
The property is double glazed, has electric heating and is ideally suited to those looking for a weekend escape-home by the sea with minimal ongoing costs, and rental investment.
Landlords should anticipate rent in the region of £1,100, representing a significant gross yield of 9.7% (and zero lease costs).
Access Arrangements When arriving at the development from the shops, go through the underpass, turn immediately left and head up the stairs.
Agents Note Freehold flats are unusual and care must be taken to understand what you are purchasing. There are two 'flying freeholds' on the same area of ground.
This means that there are no shared maintenance obligations and therefore no fixed-annual costs payable.
While this is an attractive feature of the property, it also means the property will not support main-steam mortgage lending. Specialist lenders are required for non-cash purchasers.
A 'Flying Freehold' indemnity policy is already in place for the property.
Entrance Hall - 0.94m x 2.15m (3'1" x 7'0") Lounge - 4.06m x 5.33m (13'3" x 17'5") Kitchen - 2.14m x 2.14m (7'0" x 7'0") Bathroom - 1.8m x 2.14m (5'10" x 7'0") Bedroom 1 - 3.49m x 4.11m (11'5" x 13'5") Bedroom 2 - 2.4m x 3.08m (7'10" x 10'1") Material Information Council Tax: Arun District Council Band B Property Type: Purpose built apartment Property Construction: Standard Electricity, Water, Drainage Supply: Mains Heating: Electric storage heaters On 26/03/2026 information from the Ofcom Website shows: Broadband Availability Max Down Max Up Standard 12 mbps 1 mbps Superfast 80 mbps 20 mbps Ultrafast X Mobile Indoor Outdoor Voice Data Voice Data EE Limited Limited Good Good Three Variable Variable Good Good O2 Variable Variable Good Good Vodafone Good Good Good Good Anti Money Laundering Checks The Government requires estate agents to carry out Anti Money Laundering checks on all purchasers.
Before we can send out a Memorandum of Sale to liven your purchase, Clarkes must verify and hold evidence on file for each buyer of: Identity & Address, Source of Funding , and establish whether buyers are Sanctioned Individuals (SI) or Politically Exposed Persons (PEP) .
This will be a check conducted by Coadjute, an independent third-party Company. The cost is £54 per person and is payable before a Memorandum of Sale is issued.
If you already have a copy of a PEP & SI check conducted by Verify (or a similar service) that is less than three months old, please let us know as we may be able to re-use it.
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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All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
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 Mulberry Court, Bognor Regis, PO21 4TP
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