10 Walberton Park & Garage, The Street, Arundel, West Sussex

Description

Leasehold ground floor flat with two bedrooms, both with ensuites, reception room, kitchen, WC and garage.

Accommodation

Two bedrooms both with ensuites, reception room, kitchen, WC; garage.

Location

The property is located on The Street. Shopping amenities can be found locally within Walberton Village, with Bognor Regis Town Centre to the south. Public transport links are available at Barnham Train Station to the south and Arundel Train Station to the east, along with local bus services. Road links include the A27 to the north and A259 to the west. Recreational pursuits can be found at Slindon Park to the north west.

Tenure / Property Information

Investment Analysis

The latest supplied comparable is 2 Walberton Park at £282,000 on 27 May 2026, versus the £256,500 guide. Older same-development sales range from £383,000 to £550,000, but those transactions are from 2017 and 2021 and may not represent current value. A base GDV of £282,000 is therefore used, with a wide evidence-based range of £256,500 to £383,000. The property’s service charge, ground rent and any seller fees are not supplied.

Investment Snapshot

Strategy Recommendation

Proceed only after reviewing the legal pack, service-charge and ground-rent details, condition, EPC implications and evidence of achievable flat rents. The guide appears below the latest same-development sale, but the limited rental and cost evidence makes a cautious, price-disciplined approach appropriate.

Works Required

No specific defects or required works are evidenced. Allow for inspection and confirmation of the condition of the flat, kitchen, reception room, two ensuite bedrooms, WC and garage. Review the EPC rating E and obtain full service-charge, ground-rent and lease documentation before bidding.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

At the guide, the latest same-development comparable suggests potential value above purchase price, but the uplift is only indicative and older comparables are materially higher. A 75% refinance of the £282,000 base GDV is £211,500. Total project cost and cash left in cannot be calculated because refurbishment costs, service charges, ground rent and any seller fees are unknown.

Buy-to-Let Analysis

The supplied rental evidence is £1,150–£1,400 pcm asking rent for two-bedroom houses, not achieved rents and not specifically flats. This indicates a gross rent range of £13,800–£16,800 per year, equivalent to approximately 5.38%–6.55% against the £256,500 guide, but the subject-flat rent cannot be established reliably. Net yield cannot be assessed because service charge, ground rent, management, maintenance, finance and other costs are unavailable.

Flip Analysis

A flip assessment cannot be completed reliably. The latest comparable supports a base GDV of £282,000 against the £256,500 guide, but refurbishment costs, selling costs, finance costs and potentially applicable seller fees are not supplied. The older £383,000–£550,000 sales are not treated as current resale evidence without further support.

Investor Risks & Due Diligence

• Service charge and ground rent are unknown.

• Additional seller fees may be payable under the Special Conditions of Sale.

• Rental evidence relates to advertised two-bedroom houses rather than the subject flat and is not achieved rent.

• The EPC is rated E.

• The comparable evidence is widely dispersed and much of it is from 2017 and 2021.

• Refurbishment, maintenance, finance and selling costs are not supplied.

Recommendation

Proceed only after reviewing the legal pack, service-charge and ground-rent details, condition, EPC implications and evidence of achievable flat rents. The guide appears below the latest same-development sale, but the limited rental and cost evidence makes a cautious, price-disciplined approach appropriate.

Strategy Rating

Analysis Confidence

There is one recent same-development sale and several older comparables, but no subject-specific rental evidence, condition report, refurbishment budget, service-charge or ground-rent figures, and seller fees may apply.