Flat 13 Hampton Court, Brighton Road, Worthing, BN11 2EF

Description

Third floor leasehold flat within a purpose built block of apartments. The property comprises an open plan lounge/kitchen/diner, 2 bedrooms and a bathroom. The property benefits from lift access to all floors.

Accommodation

Hallway; Living Room - 5.38 x 5.34; Kitchen - 3.34 x 1.42; Bedroom 1 - 4.05 x 3.00; Bedroom 2 - 2.75 x 2.22; Bath/WC - 1.80 x 1.42; Total Floor Area - 68.2 sq.m.

Location

Situated a short walk from Worthing seafront. Worthing town centre and mainline railway station are approximately 1 mile from the property. Location Pin (What3Words): slurs.jazz.thus

Tenure / Property Information

Investment Analysis

Same-building sold evidence ranges from £154,050 to £225,000, with most sales between £170,000 and £177,300. These sales are dated 2020–2022 and lack unit-specific details. A base GDV of £177,300 is used, with £154,050–£225,000 as the evidence-supported range.

Investment Snapshot

Strategy Recommendation

Potential BTL or BRRR purchase only after legal-pack review, inspection and confirmation of leasehold costs, rentability and financeability.

Works Required

No defects or refurbishment requirements are evidenced. Budget cannot be estimated without inspection and the legal pack; verify condition, service charge, ground rent and lease terms.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

At the £177,300 base GDV, 75% refinancing indicates £132,975 gross borrowing. This exceeds the guide price and known £3,430 minimum buyer/admin charges, but works, service charges, ground rent, legal disbursements and finance costs are unknown, so cash extraction cannot be confirmed.

Buy-to-Let Analysis

The only rental evidence is a £730 pcm asking rent for a nearby two-bedroom property, not confirmed for this flat. At the £110,000 guide, this indicates a gross yield of approximately 7.96% before finance, service charge, ground rent, maintenance and vacancy. Net yield cannot be established.

Flip Analysis

The evidence suggests a potential margin between the £110,000 guide and the £177,300 base GDV, but refurbishment costs, selling costs and full acquisition costs are unsupported. A reliable flip surplus cannot therefore be calculated.

Investor Risks & Due Diligence

• Approximately 89 years remain on the lease.

• Ground rent is not confirmed.

• Service charge and other leasehold costs are not supplied.

• Rental evidence is an advertised asking rent for a nearby property, not achieved rent for this flat.

• Auction disbursements and legal fees may be payable but are not quantified.

• Property condition and refurbishment requirements are not evidenced.

• EPC is rated D.

Recommendation

Potential BTL or BRRR purchase only after legal-pack review, inspection and confirmation of leasehold costs, rentability and financeability.

Strategy Rating

Analysis Confidence

Same-building sold evidence supports a value range, but comparables are dated and not unit-specific; rent is nearby asking evidence only, while condition and leasehold charges are incomplete.