Auction sale with renovation potential for cash or experienced investors.
Central location; walking distance to seafront and town centre
A vacant two-bedroom ground-and-first-floor maisonette in central Worthing, offered at auction with a guide price of £130,000. The property sits within easy walking distance of the seafront, town centre amenities and Worthing mainline station, making it well placed for rental demand or a refurbishment resale. Period features such as a bay window and original brickwork give the apartment character, while double glazing and an EPC C indicate reasonable thermal performance.
Important practical points: the lease has approximately 60 years remaining and ground rent steps up periodically; mortgage lenders will likely refuse standard mortgages on this tenure. The lot will be sold at auction on 23 October 2025 and the legal pack highlights a buyer’s premium (£1,560 inc. VAT) and additional charges — prospective purchasers must read the special conditions carefully.
The property requires modernisation throughout: dated decor, small bedrooms with worn finishes, and assumed solid brick walls with no insulation. For an investor or experienced DIY buyer, this presents potential to add value through renovation or to operate as a short-term let; for mortgage-dependent buyers the limited lease length and auction sale route are material constraints. High local crime levels should be considered when assessing rental yields and insurance costs.
Practical extras include vacant possession, mains gas boiler and radiators, council tax Band A (low), excellent mobile signal and fast broadband — useful for tenants or owners working from home. Buyers should factor in refurbishment costs, lease extension options or cash purchase capability before bidding.
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