Shakespeare Road, Worthing, West Sussex, BN11
South East
£100,000
Listed on 12/09/2026
Listed on 12/09/2026
The listing
Property details
Bedrooms
1Type
FlatArea
266 sqftFeatures
- Garden
Description
This ground-floor flat has a separate kitchen, a lounge, a small bedroom area and a bathroom with WC. The kitchen opens directly onto a private garden. The property is offered with vacant possession and a new 175-year lease, with a stated annual ground rent of £150 and service charge of £900; these lease details should be checked by the buyer's solicitor. The listing notes that the flat requires updating and modernisation, giving a purchaser scope to adapt the accommodation. Gas is not connected to the building. Local shops and restaurants, Victoria Park, Worthing station, the town centre and seafront are within the distances described by the agent, with bus and road connections nearby.
WHOTS analysis
Our WHOTS verdict
An internal assessment of the opportunity to acquire, improve and create value.
34out of 100
Grade ELow opportunity
Confidence: MEDIUM
The private garden, separate living and kitchen spaces, and long new lease give this ground-floor flat some useful fundamentals, with Worthing station and Victoria Park nearby. The worn floors, marked and stained finishes across several interior areas, tired fittings and neglected garden offer a clear canvas for a substantial update, rather than just a cosmetic refresh.
The price is not a value highlight: at £376/sq ft, the £100,000 asking price is slightly above the local £366/sq ft benchmark. More importantly, adding the £35,000–£55,000 works range puts the purchase-plus-refurb spend at roughly £135,000–£155,000, stretched against the £97,250 local-average benchmark for this floor area. That comparison is not a forecast of the flat’s value after renovation, but it makes the economics difficult to support without a strong case for a higher finished value.
Key opportunities
- Rework the separate kitchen and living/bedroom spaces into a more cohesive small home, with renewed finishes throughout.
- Improve the private garden by clearing the growth and leaf litter and making better use of its paved area.
- The 175-year lease and vacant possession offer a solid basis for planning a long-term owner-occupier or investment project.
Key risks
- Worn floors, marked and stained finishes in several interior areas, and tired kitchen and bathroom fittings point to a £35,000–£55,000 full-project budget and a longer programme than a cosmetic refresh.
- The £100,000 purchase price plus the stated works range totals roughly £135,000–£155,000, well above the £97,250 local-average benchmark for this floor area; that benchmark is not a post-renovation value forecast.
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Finance
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Illustrative repayments based on the asking price, not a mortgage offer.
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Current average 2-year fixed rate is 4.45%
Current average variable rate is 6.60%
Monthly Repayments
£378
Based on a loan of £75,000 over 30 years at 4.45% interest
These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.
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