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Block of flats
Vicarage Lane, Felpham PO22
£1,350,000
Vicarage Lane, Felpham PO22
£1,350,000
Price History
| Initial price | £1,450,000 |
| 18/12/25 | £1,350,000 |
| Price Change | -6.90% |
Description
This is an investment/development opportunity in Bognor Regis, a popular seaside resort town on the South Coast of England. The property, sold freehold, currently comprises 11 one-bedroom flats and has planning permission for an additional 3 units. It produces £122,400 per annum and sits on a 0.44-acre site, not listed but within a local conservation area. The property is situated near the town center, with easy access to the A259 and A27, and has a railway station with regular services to London, Brighton, and Chichester. The property requires some refurbishment, but there is potential to increase the value of the lets by allocating gardens and parking to some of the flats. With a total floor area of 555 square meters, this property offers a unique investment or development opportunity in a desirable location.