1-bedroom flat · BN20 7BJ
Sold STCListed 193 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A beautifully refurbished one bedroom apartment set on the second (top) floor of an attractive period conversion in sought after Lower Meads.
Offered chain free with a share of freehold, the property has been thoughtfully upgraded by the current owners, featuring new flooring with sound proofing, a new fuse board and a recently installed combi boiler with gas saver for improved efficiency.
The spacious layout includes a bright sitting/dining room, a newly fitted kitchen, double bedroom and a modern shower room.
Further benefits include access to well maintained communal gardens with a south westerly aspect, as well as the rare advantage of a private garage.
The lease prohibits subletting and pets, helping to ensure a well kept and carefully managed building with high quality communal areas.
Early viewing is highly recommended to fully appreciate this superb home. Entrance - Communal entrance with security entry phone system.
Stairs and lift to second floor private entrance door to- Hallway - Radiator. Entryphone handset. Lounge - 4.75m x 3.61m (15'7 x 11'10) - Column style radiator.
Two double glazed windows to rear aspect. Newly Fitted Kitchen - 3.18m x 1.80m (10'5 x 5'11) - Fitted range of base units, surrounding worktop with inset single drainer sink unit and mixer tap.
Four ring gas hob with electric oven under and extractor over. Integrated dishwasher and fridge freezer. Radiator. Double glazed window to side aspect.
Bedroom 1 - 3.38m x 3.35m (11'1 x 11'0) - Radiator. Built in and fitted wardrobe. Double glazed window to rear aspect. Modern Shower Room/Wc - Shower cubicle. Low level WC.
Wash hand basin with mixer tap and vanity unit below. Heated towel rail. Extractor fan. Cupboard with space and plumbing for washing machine.
Outside - The block is set in pleasant lawned communal gardens. Garage - There is a garage with an up & over door. Council Tax Band = A - Epc = C -
Value & comps
No previous sales on record.
Returns
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We're still gathering serviced-accommodation data for this area.
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 22 Grassington Road, Eastbourne
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