Nicholas James says ..
A substantial freehold mixed-use investment currently producing £58,400pa. The property comprises a ground floor shop unit fronting Beach Road which is currently let at £8,000pa on a lease expiring 31st September 2029 with 3 x 2 bedroom flats and 1 x 1 bedroom flat which produce £50,400pa collect...
Property Oracle says ..
This property in Littlehampton, West Sussex, presents itself as a mixed-use investment opportunity. Situated on Beach Road, it benefits from a high-street location close to Littlehampton Train Station, making it convenient for commuting. The building comprises several residential apartments and a commercial unit, a mix that can provide diverse income streams. The external presentation is decent, though not overly impressive. Internally, the state of the apartments appears mixed; some areas seem well-maintained, others could benefit from modernisation and thorough cleaning. The lack of explicit square footage data makes it challenging to accurately assess the value, however the overall price of £500,000 must be considered against similar properties in the vicinity. The absence of any significant outdoor space or parking for residents will be a significant drawback for prospective tenants and purchasers. Further investigation, including a detailed breakdown of the current rental income from each apartment, is necessary to reach a definitive conclusion on its value and viability as an investment. Given the limitations in information, it is difficult to give a concrete appraisal, but prospective buyers should consider the potential rental yield against refurbishment costs and the inherent challenges of a mixed-use building management.
Therefore, we give this property 4 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *
- Price
- 6
- Condition
- 5
- Location
- 7
- Land
- 1
- Bedrooms
- 7
- Bathrooms
- 0
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Metrics Year-on-Year
- Average area value
- 348,276.00 £Increased by 7.74 %
- Average area rental value
- 1,393.00 £/moDecreased by 3.26 %
- Est rental Yield
- 4.80 %Decreased by 10.28 %
- Crime Rate
- 23.00 %Unchanged by 0.00 %
Agent Activity
Nicholas James created the listing.
Nearby Schools
| Name | Type | Ofsted | Distance |
|---|---|---|---|
| River Beach Primary School | Academy Converter | Good | 0.48 KM |
| The Littlehampton Academy | Academy Sponsor Led | Requires improvement | 0.85 KM |
| St Catherine'S Catholic Primary School, Littlehampton | Voluntary Aided School | Requires improvement | 0.95 KM |
| Littlehampton Children And Family Centre | Children's Centre | 0.98 KM | |
| White Meadows Primary Academy | Academy Converter | Good | 1.17 KM |
Images
Nearby Streets
| Name | Average Price | Average Sqft | Distance |
|---|---|---|---|
| High Street | £ 237,375 | 0 | 0.00 KM |
| Britannia Walk | £ 0 | 0 | 0.00 KM |
| Netley Court | £ 265,000 | 0 | 0.00 KM |
| Madehurst Court | £ 0 | 0 | 0.00 KM |
| Merton Drive | £ 0 | 0 | 0.00 KM |
Nearby Transport
| Name | NLC | TLC | Distance |
|---|---|---|---|
| Littlehampton | 5260 | LIT | 0.68 KM |
| Arundel | 5251 | ARU | 4.45 KM |
| Ford | 5258 | FOD | 4.83 KM |
| Angmering | 5267 | ANG | 5.66 KM |
| Amberley | 5250 | AMY | 9.79 KM |
Nearby Listings
| Address | Price | Type | Score | Distance |
|---|---|---|---|---|
| Beach Road, Littlehampton | £ 500,000 | BUY | 4 / 10 | 0.00 KM |
| Beach Road, Littlehampton | £ 99,950 | BUY | 5 / 10 | 0.01 KM |
| Beach Road, Littlehampton, West Sussex | £ 110,000 | BUY | 4 / 10 | 0.04 KM |
| Church Street, Littlehampton, West Sussex, BN17 | £ 165,000 | BUY | 4 / 10 | 0.09 KM |
| New Road, Littlehampton, West Sussex | £ 175,000 | BUY | Unknown | 0.10 KM |
Nearby Properties
| Address | Price | Distance |
|---|---|---|
| 33b Beach Road | £ 95,000 | 0.03 KM |
| 35c Beach Road | £ 120,000 | 0.03 KM |
| 35a Beach Road | £ 88,800 | 0.03 KM |
| 33c Beach Road | £ 115,000 | 0.03 KM |
| 21b Beach Road | £ 128,500 | 0.03 KM |