2-bedroom flat · PO20 8AF
Sold STCListed 159 days
Opportunity summary
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About
Situated within a well maintained residential development, this beautifully presented two bedroom ground floor apartment has recently undergone a programme of redecoration, including new carpets throughout and a refreshed kitchen, creating a bright and inviting home ready for immediate occupation.
The property also benefits from an allocated parking space, visitor parking and a pleasant patio area accessed directly from the sitting room.
A communal entrance lobby leads through to the private entrance hall, which provides access to all principal rooms and incorporates two recessed storage cupboards, one of which offers plumbing for a washing machine, adding valuable practicality to the layout.
The sitting room is a particularly bright and spacious reception area, enhanced by double doors opening onto the patio area, allowing plenty of natural light to flood the room.
There is ample space for both seating and dining furniture, making it a versatile space for day to day living and entertaining alike.
The sitting room flows openly into the kitchen, creating a sociable arrangement whilst retaining clearly defined living areas.
The kitchen has recently been refreshed with new cupboard fronts and new vinyl flooring, giving the space a modern and well kept appearance.
Fitted with a range of matching wall and base units with roll top work surfaces over, the kitchen also benefits from an integrated eye level oven together with space for a dishwasher and fridge freezer.
Both bedrooms are comfortable double rooms, offering flexibility for occupiers whether used as bedrooms, guest accommodation or a home office.
The principal bedroom further benefits from a recessed wardrobe, providing useful built-in storage.
The bathroom is beautifully appointed with a four piece suite comprising a vanity sink unit, close coupled WC, panel enclosed bath and separate shower cubicle, creating a stylish and practical space suited to modern living.
Further benefits include gas fired central heating via radiators, an allocated parking space, visitor parking within the development and access to a communal external locked storage shed, ideal for bicycles or watersports equipment.
Location The property is located in Bracklesham Bay and is ideally positioned within close proximity of the beach as well as the popular nature reserve at Medmerry.
Here you will find a connecting footpath to Selsey where you can enjoy cycle rides and sunset walks.
A handful of local amenities are close by, including the well known seafront café - formerly Billy's, now reopened under new ownership as 'The Beach' where you can enjoy food and drinks with uninterrupted sea views Further facilities can be found at the nearby village of East Wittering which include a primary school, doctors, chemist, dentist, and a selection of quality independent shops as well as two mini supermarkets.
Additional comprehensive shopping facilities are also available in nearby Chichester some 7 miles away where the city centre offers a wide range of shops, cafes and restaurants and is steeped in rich architecture with the skyline dominating 12th century cathedral.
For those who do not drive, there is a bus service at regular intervals from the area. Tenure Leasehold with remainder of 125 year lease granted in 2008.
Service charge of £702 due twice yearly with ground rent of £150 per annum, administered by kts Estate Management Ltd.
Notice Disclaimer Notice: Astons of Sussex for themselves and the vendors or Lessors of this property, whose agents they are, give notice that 1) these particulars are produced in good faith, are set out as a guide only and do not constitute any part of a contract.
2) No person in the employment of Astons of Sussex has any authority to make or give representation or warranty in respect of this property, 3) Any prospective purchaser or tenant must independently verify the accuracy of each statement through inspection, professional survey, or other means of due diligence.
4) Photographs may include lifestyle shots and local views. There may also be photographs including chattels not included in the sale of the property.
5) Measurements, maps and illustrations given are approximate and should not be relied upon and are for guidance only.
6) The services, system and appliances have not been tested and no guarantee as to their operability or efficiency can be given by Astons of Sussex Ltd.
7) The statements contained within these particulars shall not be construed as representations of fact or relied upon as such.
8) Any information regarding the tenure and charges for the property has been supplied by the seller and is subject to change.
All leasehold information will be formally confirmed by the seller's solicitor during the conveyancing process.
Value & comps
No previous sales on record.
Returns
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Archie refurb estimate: a Pro feature
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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.
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About 1, The Paddock, Chichester
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