2-bedroom flat · TN40 2AD
Sold STCReduced £10k (−6.3%) on 21 SepListed 69 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
The Property Cafe is delighted to offer for sale this spacious first-floor maisonette.
Accessed via its own private entrance, the property opens into a large and extensive hallway running from the front to the rear of the maisonette, providing a generous sense of space as you enter.
The spacious living room benefits from dual-aspect windows, allowing plenty of natural light to brighten the room.
There is also a useful small alcove, which provides an ideal space for storage units, or could potentially be utilised as a dining area.
Leading from the hallway is the master bedroom, which offers plenty of space for a large double bed and additional storage.
The room also benefits from a large window and, like the living room, enjoys impressive ceiling height, adding to the feeling of space and light.
A few steps down from the main hallway leads to the second section of the the left is the family bathroom, presented in neutral tones and comprising a bath with shower over, wash hand basin and WC.
Continuing along the hallway, there is a window providing additional natural light.
The modern fitted kitchen is situated to the left and offers a good range of cupboard storage, along with space for a fridge/freezer and other appliances.
Finally, the second bedroom provides a versatile and well-proportioned space, suitable as a generous children's bedroom, guest room or second double bedroom.
Originally created as part of an extension to the former conversion, the room has a practical shape that allows furniture to be arranged easily in a number of different configurations.
To conclude, the property is offered for sale with a lease length of 103 years, together with its own private allocated parking space.
Share of Freehold- Service Charge: 50% of any costs on an as & when basis : Buildings Insurance (Approx £350 Per Annum)
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 38a, Salisbury Road, Bexhill-on-Sea
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