2-bedroom terraced house · BN18 9DG
Sold STCListed 256 days
Opportunity summary
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About
VACANT. An end of terrace two bed APARTMENT AND A SHOP situated in the HEART OF OLD ARUNDEL available as an owner occupier or INVESTMENT opportunity.
The building is divided into commercial and residential and brings in a potential combined rental income of £27,550 per annum. The Shop will be offered WITH VACANT POSSESSION.
A well-sized ground floor retail unit, currently occupied by a family-run business selling ladies’ clothing and handbags.
The shop includes a cloakroom with WC and wash basin, a storage area, and steps leading to a cellar at the rear.
The shop will be offered with vacant possession, allowing flexibility for a new owner or tenant.
The potential combined rental income has approximately £27,550 per annum - comprising most recently £15,610 p/a for the shop and £11,940 p/a for the apartment.
On the first and second floor is the two bedroom apartment which has most recently achieved a monthly rental income of £1,195.
The first floor comprises a bright living room with a bay window, feature fireplace, and some built-in cupboards.
The kitchen is fitted with neutral units with a wash basin and space for washing machine/dryer, gas cooker and fridge-freezer.
The family bathroom is also located on the first floor featuring tiled flooring and fitted with a white suite comprising bath with wall shower, hand wash basin, heated towel rail & WC.
On the second floor, the master bedroom benefits from built-in cupboards and a feature fireplace and the second double bedroom is dual-aspect, also with a feature fireplace.
We have been advised that the lease on the building is 999 years from approx. 1979.
Disclaimer - As the seller's agent we are not surveyors or conveyancing experts and as such we cannot and do not comment on the condition of the property or issues that may affect this property, unless we have been made aware of such matters.
Interested parties should employ their own professionals to make such enquiries before making any transactional decisions.
Directions - From our offices in the High Street turn left into Tarrant Street where number 6 can be found on the right-hand side.
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
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FAQ
About Tarrant Street, Arundel
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