2-bedroom flat · BN3 1PY
For saleListed 223 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
GUIDE PRICE: £290,000-£310,000 Spacious and Elegant 2-Bedroom Retirement Flat in The Vineries Nestled within the tranquil and sought-after development of The Vineries, this beautifully presented two-bedroom retirement flat offers a perfect blend of comfort, security, and community living for those seeking a peaceful yet well-connected lifestyle.
Designed exclusively for residents aged 60 and over, this bright and spacious property provides a low-maintenance home with all the benefits of independent living, while still enjoying the reassurance of on-site support and a welcoming community atmosphere.
Set within a well-maintained and leafy estate, the flat occupies a prime position in the development, offering both privacy and pleasant views.
Upon entering, you’re welcomed by a generous entrance hallway with built-in storage, leading into a bright and airy living/dining room, flooded with natural light from the french doors leading to the balcony.
The space is warm and inviting—perfect for both relaxation and entertaining.
The separate fitted kitchen is smartly laid out and well-equipped, featuring a range of integrated appliances, ample cupboard space, and good worktop areas, making daily tasks convenient and enjoyable.
There are two well-proportioned bedrooms, including a spacious principal bedroom with built-in wardrobes offering ample storage, and a second bedroom that can be used as a guest room, study, or hobby space depending on your needs.
The modern bathroom is fitted with a large walk in shower, complete with a wash basin, WC, and contemporary tiling, it is designed to meet everyday needs while remaining stylish and easy to maintain.
Residents of The Vineries benefit from a strong sense of community and access to a variety of shared amenities, including a welcoming residents’ lounge, beautifully maintained communal gardens, a guest suite for visiting family and friends, and private parking.
The development is fully managed with a helpful on-site house manager during the day, 24-hour emergency pull cords in each room, and a secure entry system, ensuring peace of mind at all times.
Conveniently located close to local shops, medical facilities, bus routes, and green spaces, this charming home offers everything you need for a comfortable and independent retirement in a friendly and supportive environment.
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 Nizells Avenue, Hove, East Sussex, BN3
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