Summary - 53A NYEWOOD LANE BOGNOR REGIS PO21 2SQ
2 bed 1 bath Flat
Cash buyers or renovators: low running costs and strong rental potential near town centre.
Top-floor two-bedroom maisonette, approx 737 sq ft
Requires full renovation; kitchen and bathroom dated
Lease 67 years remaining — likely mortgage refusal risk
Sold at Modern Auction; buyer reservation and administration fees apply
No service charges or ground rent reported
Advertised potential yield around 12% (investor figure)
On-street parking nearby; fast broadband and excellent mobile signal
Close to town centre, shops, schools and transport links
Offered at auction, this top-floor two-bedroom maisonette in Bognor Regis is a clear value play for cash buyers or experienced investors. The flat requires renovation throughout but already benefits from gas central heating, sash-style windows and a compact, practical layout across approximately 737 sq ft — making refurbishment straightforward and cost-effective.
There are no ongoing service charges or ground rent, which keeps running costs low for a buy-to-let. The vendor’s figures indicate a potential yield around 12% for a let property, supported by strong local rental demand, nearby transport links and a wide range of town-centre amenities.
Important cautions: the lease has only 67 years remaining. That level of lease term will likely prevent most mortgage lenders from lending, so the property is realistically a cash purchase or suited to a specialist lender. It is being sold via Modern Auction; additional buyer fees, a non-refundable reservation fee and completion timescales apply. Buyers must review the auction pack and carry out full due diligence before bidding.
In short, this is a low-cost entry into a popular seaside town with immediate refurbishment potential and rental upside — but it carries lease-length and auction-related costs that materially affect financing and resale. Suitable for investors comfortable with cash purchases and renovation projects.
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