1-bedroom flat · TN38 0LZ
For saleReduced £10k (−6.3%) on 3 OctListed 45 days
Opportunity summary
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About
PCM Estate Agents are delighted to present to the market this newly refurbished one bedroom lower ground floor flat, set within a characterful period property within West St Leonards and offered to the market chain free.
Accommodation comprises a lounge being open plan to a newly fitted kitchen, walk-in-wardrobe, bedroom, utility room and bathroom. We have also been advised that the property has a lengthy lease.
The property is situated a short distance from central St Leonards with its range of local amenities including shops and restaurants, as well as being within easy reach of St Leonards seafront and promenade.
The property is also within ease of access to both West St Leonards & St Leonards Warrior Square railway stations. Please call the owners agents now to avoid disappointment.
Communal Entrance Hall With private wooden front door leading to: Lounge-Kitchen (5.69m max x 4.09m max (18'8 max x 13'5 max )) Carpet to the lounge area, radiator, fire alarm and skirting boards.
The kitchen area has tiled flooring, base level cupboards, inset one & 1⁄2 bowl sink with mixer tap, space and plumbing for under counter appliance, electric cooker, four ring electric hob with extractor over, further radiator and three sash windows overlooking the front courtyard area.
Inner Hall Carpeted, radiator, sash window, skiting boards, inset spotlights.
Providing access to: Walk In Wardrobe (2.95m max x 1.83m max (9'8 max x 6' max )) Carpeted, sliding doors to wardrobe storage, skirting boards, inset spotlights.
Bedroom (4.39m max x 4.04m (14'5 max x 13'3)) Carpeted, radiator, wall lights, skirting boards, meter cupboard, cupboard housing the water tank, sash window to side aspect overlooking the courtyard.
Utility Area (1.52m max x 1.32m max (5' max x 4'4 max )) Tiled, space and plumbing for washing machine and tumble dryer, frosted window to side aspect.
Bathroom (2.95m x 1.52m (9'8 x 5')) Tiled flooring, skirting bords, part tiled surround, wash hand basin with storage beneath, wc, bath with separate shower over, heated towel rail, vanity mirror, extractor fan, frosted window to side aspect.
Tenure We have been advised of the following by the vendor: Lease: Approximately 975 years Service Charge & Insurance: £800-£1000 per annum. Ground Rent: Tbc.
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 Flat 1B Highland Mansions, 117, Pevensey Road, St Leonards-On-Sea
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