19 & 21 Centrecourt Road, Worthing, BN14 7AQ

Description

A two-storey semi-detached property currently arranged as 2 x self-contained freehold flats. Flat 19 is a ground-floor garden flat; the layout and accommodation cannot currently be confirmed as the auctioneer has been unable to gain access. Flat 21 is located on the first floor and comprises a living room, kitchen, 2 bedrooms and bathroom. Externally, the property benefits from a private garden and parking for a vehicle.

Accommodation

Flat 19: Ground Floor Garden Flat; accommodation unconfirmed as the auctioneer was unable to gain access; total floor area 56 sq.m taken from the EPC. Flat 21: First Floor Flat comprising living room (5.10 x 3.0), kitchen (3.20 x 2.70), bedroom 1 (3.0 x 2.40), bedroom 2 (3.10 x 3.0), and bath/WC (1.90 x 1.80); total floor area 57 sq.m taken from the EPC.

Location

Situated in Worthing, with local shops and amenities close by. Worthing town centre, with shops, restaurants and a mainline railway station, is just over half a mile away. The property is also ideally situated for access to the A27, providing links along the south coast.

Tenure / Property Information

Investment Analysis

The £285,000 guide is not independently supported by the supplied evidence. The only sold comparable is the same road but dates from 2003, while the rental listing is unrelated to Worthing. Flat 19 cannot currently be inspected, and the legal, condition and compliance position of the two-flat arrangement requires verification.

Investment Snapshot

Strategy Recommendation

Consider only as an income-led purchase subject to legal-pack review, access to Flat 19, confirmation of both tenancies and satisfactory inspection. Do not underwrite a flip or BRRR exit on the supplied evidence.

Works Required

No specific works are evidenced. Obtain access to Flat 19 and inspect both flats before budgeting works; verify the two-flat arrangement and tenancy documentation.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

BRRR analysis cannot be reliably completed because no supported GDV, refurbishment budget or refinance valuation is available. The known 1% administration charge would be £2,850 at the guide price, excluding other possible disbursements.

Buy-to-Let Analysis

The stated rents total £2,300 pcm or £27,600 annually, producing a 9.68% gross yield against the £285,000 guide before fees, finance, maintenance, voids and tax. Both tenancies are holding over, so current rent continuation and possession position require verification. No total-cost yield can be established because works and other completion costs are unknown.

Flip Analysis

A flip surplus cannot be calculated because there is no supported current GDV, refurbishment allowance or selling-cost allowance. Flat 19 access and the two-flat legal and physical position are unresolved.

Investor Risks & Due Diligence

• Flat 19 accommodation and condition cannot currently be confirmed.

• Both tenancies are holding over, creating uncertainty over continuation and possession.

• The legal and compliance position of the two self-contained freehold flats requires verification.

• Works, disbursements and other acquisition costs are not quantified.

• No reliable current comparable evidence or GDV is supplied.

Recommendation

Consider only as an income-led purchase subject to legal-pack review, access to Flat 19, confirmation of both tenancies and satisfactory inspection. Do not underwrite a flip or BRRR exit on the supplied evidence.

Strategy Rating

Analysis Confidence

Passing rents and guide price are supplied, but comparable evidence is historic and limited; Flat 19 is inaccessible, condition and costs are unknown, and no GDV evidence is provided.