Initial price	£45,000
01/10/25	£25,000
Price Change	-44.44%

This first-floor one-bedroom flat is being sold by public auction on October 16, 2025, with a guide price of £25,000-£50,000. The property is leasehold, with approximately 59 years remaining on the 99-year lease, which started in 1986. Located on a residential road near local shops and amenities, the flat is within easy reach of Bognor Regis Beach and has transport links via the town's rail station. The property comprises a reception room, kitchen, bedroom, and bathroom, and is currently let out under an Assured Shorthold Tenancy at a rent of £685 per month, producing £8,220 per annum. Potential buyers should be aware that if they wish to extend the lease to 90+ years, they will need to pay a premium to the freeholder, and may need to negotiate the price.