2-bedroom flat · BN24 6BT
For saleReduced £38k (−18.1%) on 21 JunListed 327 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
An exciting opportunity to acquire a Spacious Two Bedroom First Floor Flat situated just a few yards from the beach and enjoying sea views.
There are Two Double Bedrooms, a 10'5 x 8'5 Modern Fitted Kitchen with sea views, a Spacious Shower Room, and a particular feature is the 15'10 x 136 Living Room which has large double aspect windows allowing superb sea views across the delightful communal gardens.
There is also the advantage of a Garage in a separate block and the property is sold chain free and with vacant possession.
Accommodation: Entrance- communal door into communal entrance with communal stairs to first floor, flat door into Hallway - built is storage cupboard, built in airing cupboard housing hot water cylinder Living Room: 4.85m x 4.07 (15'10" x 13'4") two electric night storage heaters, wall mounted electric fire, large double aspect sealed unit double glazed windows to rear and side allowing superb sea views Kitchen: 3.18m x 2.59m (10'5" x 8'5") modern fitted floor units with complimentary work surfaces incorporating inset stainless steel sink, space and plumbing for washing machine, space and point for upright fridge/freezer, sealed unit double glazed window to front allowing sea views Bedroom 1: 4.05m x 3.07m (13'3" x 10'0") electric night storage heater, sealed unit double glazed window to rear allowing sea views Bedroom 2: 3.49m x 3.18m (max) (11'5" x 10'5" (max)) electric night storage heater, sealed unit double glazed window to front allowing sea views Shower Room: Large walk in shower cubicle with independent electric shower unit, vanity wash hand basin, low level w/c, chrome heated towel rail, sealed unit double glazed window to front Outside: Delightful communal gardens allowing direct access onto the beach Garage- in separate block approximately 100 yards from the property Lease- shared freehold with remainder of 999 years lease
Value & comps
No previous sales on record.
Returns
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Archie refurb estimate: a Pro feature
0.0% below asking
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Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
Agent & docs
FAQ
About 3 Martello Ct, Grenville Road, Pevensey Bay
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