Flat 2, 11 Westcourt Road, Worthing, West Sussex, BN14 7DQ

Description

A Vacant Ground Floor One Bedroom Flat in Need of Refurbishment. The property comprises a ground floor one bedroom flat situated within a end of terrace building arranged over ground and first floors. By Order of the Executors.

Accommodation

Ground Floor: Reception Room, Kitchen, Bedroom, Bathroom.

Location

The property is situated on a residential road close to local shops and amenities. The open spaces of Victoria Park are within easy reach. Transport links are provided by Worthing rail station.

Tenure / Property Information

Investment Analysis

Recent supplied leasehold flat comparables on Westcourt Road range from £148,000 in February 2026 to £170,000 for 11 Westcourt Road in March 2024. A reasonable evidence-based scenario range is £148,000–£170,000, with £158,000 used as the base GDV. The comparison is limited because floor area, condition and specification are not supplied. The approximately 78-year lease and stated refurbishment requirement may affect value. The £135,000+ guide is £13,000 below the lowest supplied recent comparable, before the £1,800 administration fee and any disbursements.

Investment Snapshot

Strategy Recommendation

Proceed only after reviewing the legal pack, confirming lease terms and obtaining a full refurbishment quotation. The available evidence does not support a confident BTL, BRRR or flip purchase at the guide.

Works Required

General refurbishment is stated, but no itemised scope or condition report is supplied. Obtain a survey and contractor quotations before bidding; the required works, including any kitchen, bathroom, decoration or flooring works, cannot be confirmed from the evidence.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

Using the £158,000 base GDV, 75% refinancing is £118,500. The guide plus the known administration fee is £136,800 before refurbishment and other costs, leaving a minimum £18,300 gap before those unknown costs. BRRR viability therefore cannot be confirmed, particularly with approximately 78 years remaining on the lease and no refurbishment budget supplied.

Buy-to-Let Analysis

The only rental evidence is a £600 pcm advertised asking rent for a one-bedroom house in Aldwick Crescent, BN14, rather than an achieved rent for this flat. Using it indicatively gives £7,200 annual rent and a 5.33% gross yield against the £135,000 guide, before the £1,800 administration fee, refurbishment, lease-related costs and other expenses. A reliable net yield or fully costed BTL return cannot be established.

Flip Analysis

At the guide, the purchase plus the known administration fee is £136,800 before refurbishment and selling costs. Against the £158,000 base GDV this indicates only £21,200 of gross headroom before unknown works, legal costs, finance, taxation and sale costs. A reliable flip surplus cannot be calculated from the supplied evidence.

Investor Risks & Due Diligence

• Refurbishment is stated but its scope and cost are unknown.

• Approximately 78 years remain on the lease, and lease terms, ground rent and service charges are not supplied.

• Rental evidence is a single advertised asking rent for a one-bedroom house rather than this flat, so it is weak evidence of achievable rent.

• The £1,800 administration fee is payable and further disbursements may apply.

• EPC, council tax, parking and heating information are not supplied.

• The sold comparables do not include sufficient size, condition or specification detail to establish a formal valuation.

Recommendation

Proceed only after reviewing the legal pack, confirming lease terms and obtaining a full refurbishment quotation. The available evidence does not support a confident BTL, BRRR or flip purchase at the guide.

Strategy Rating

Analysis Confidence

There are several relevant sold comparables, including one at the subject address, but floor area, condition detail, refurbishment costs, lease terms beyond the approximate term, rental comparability and most purchase costs are unavailable.