2-bedroom house · BN11 4TH
Sold STCListed 7 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A well presented two double bedroom second floor retirement flat located 600 yards from Worthing's seafront.
Briefly the accommodation comprises: Communal entrance with stairs or passenger lift to all floors, entrance hall, triple aspect lounge with feature bay turret, fitted kitchen with integrated appliances, two double bedrooms with built in wardrobes and shower room/wc.
Externally the property benefits from attractive communal gardens and visitors parking. Other benefits include double glazing, electric heating and emergency pull cords.
Communal benefits include: onsite house manager, communal gardens, communal residents lounge and kitchen, visitors guest suite, buggy storage room, laundry room.
CHAIN FREE EPC Rating: D Communal Entrance Secure door with passenger lift or stairs to: Second Floor Private door to: Entrance Hall Two recessed storage cupboards.
Electric radiator. Access hatch to loft. Care assistance intercom. Lounge and Feature Dining Room Dimensions: 5.82m x 4.75m (19'1 x 15'7).
Lounge Area: Double glazed French doors opening to JULIETTE BALCONY. Electric radiator. Levelled and coved ceiling. Door to Kitchen. Emergency pull cord.
Dining Area: Located within the Turrett of the building and a unique feature of this retirement property. Five double glazed windows with East, South and West aspects. Electrical radiator.
Kitchen Dimensions: 2.31m x 1.93m (7'7 x 6'4). Roll edge work surface with inset single drainer stainless steel sink with mixer tap and draining board.
Four ring 'Bosch' hob with extractor over. Fitted oven. Fitted microwave. Integrated 'Bosch' fridge/freezer. Matching range of cupboards, drawers and eye level wall units. Two double glazed windows.
Tiled splashback. Bedroom One Dimensions: 5.05m into wardrobe x 3.05m (16'7 into wardrobe x . Two double glazed windows. Electric radiator. Emergency pull cord.
Built in storage cupboard with shelving. Matching fitted wardrobes with shelving and hanging rail space and over head cupboards. Bedroom Two Dimensions: 3.10m x 2.64m (10'2 x 8'8).
Two double glazed windows. Electric radiator. Emergency pull cord. Fitted wardrobe with shelve and hanging rail. Shower Room/wc Step in shower tray with glazed screen and wall mounted controls.
Close coupled wc. Vanity unit with wash hand basin. Electric radiator. Extractor fan. Mirrored medicine cabinet. Emergency pull cord.
Communal Facilities -Onsite house manager -Communal gardens -Communal residents lounge and kitchen -Visitors guest suite -Buggy storage room -Laundry room Residents Parking Located to the rear of the block.
Unallocated spaces based on a first come, first serve basis.
Tenure and Lease Information Length of lease: 101 years remaining Annual service charge: £4,961 per annum Service charge review period: TBC by vendor Annual ground rent: £449 per annum Ground rent review period: TBC by vendor Council tax band: Band C Draft version: 1 Note: These details have been provided by the vendor.
Any potential purchaser should instruct their conveyancer to confirm the accuracy.
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
Agent & docs
FAQ
About Shelley Road, Pegasus Court Shelley Road, BN11
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