Summary - 155 SOUTH STREET LANCING BN15 8BD
2 bed 1 bath Flat
Chain-free, tenant in place delivering 6% yield near shops and beach.
Two bedroom first-floor flat, approx. 625 sq ft
A first-floor, two-bedroom flat offering an immediate rental income and seaside location. Sold with a tenant in situ delivering a reported 6% rental yield, this compact property suits investors seeking a turn-key addition to a portfolio. The flat is freehold and chain-free, simplifying transfer for a buyer wanting prompt completion.
Accommodation includes a bright lounge with dual-aspect windows, a fitted compact kitchen and two well-proportioned bedrooms across about 625 sq ft. Fixtures include mains gas boiler and radiators, double glazing (install date unknown) and modern laminate flooring in the living space. Broadband speeds are fast and the property sits directly across from the beach with convenient local shops and amenities nearby.
Notable practical points: the building dates from 1930–1949 and external cavity walls are assumed to have no added insulation, so thermal upgrades may be advisable. The property is in a deprived area with above-average local crime statistics, which may affect long-term capital growth and tenant demand. Sold with a sitting tenant — viewing access and vacant possession timing will depend on tenancy terms.
This flat is a straightforward, income-focused buy: close to the seafront and local transport, low council tax, and immediate rental return. Buyers should obtain independent surveys and service checks, and factor potential retrofit costs for insulation or other upgrades when assessing investment returns.
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