2-bedroom flat · TN39 4FA
Sold STCListed 294 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Abbott & Abbott Estate Agents offer for sale, with no onward chain, 70% shared ownership in this modern and well presented purpose built retirement flat, specifically for the over-55's, situated around the corner from local shops and buses.
Built in 2016, and set in attractive communal grounds, the property forms part of a contemporary development that also provides a resident's lounge, a cafe, on-site hairdresser, mobility scooter store, plus the assurance of an on-site care team.
The property itself features a good size open-plan lounge/kitchen with integrated appliances, leading to a south-east facing balcony, two bedrooms, and a 'jack & jill' wet room, serving both the main bedroom and the entrance hall.
Electric heating is installed and there are double glazed windows, with most rooms having a sunny, south-easterly aspect. The property would also suit wheelchair use.
This is a lovely property, part of an excellent community and in a most convenient location. Viewing is highly recommended.
Bright, Spacious Communal Hallway - Entryphone-controlled, with wide, light corridors leading to front door.
Spacious Entrance Hall - 3.73m max x 3.35m max (12'3 max x 11' max) - Built-in store cupboards, entryphone.
Open-Plan Lounge/Kitchen - 7.01m x 3.56m (23' x 11'8) - Lounge area with electric heater, television point, telephone point, uPVC double glazed door to balcony.
The lounge opens directly into the kitchen area, well equipped with a range of base storage units comprising cupboards, drawers and work surfaces, plus matching wall-mounted store cupboards.
Stainless steel sink with half bowl, mixer tap and drainer, range of integrated appliances including electric hob with extractor hood, electric eye-level oven, washing machine, fridge and freezer.
South-East Balcony - 3.28m x 1.52m (10'9 x 5') - Overlooking the communal gardens Bedroom One - 4.88m x 3.43m (16' x 11'3) - A good size room with television point, telephone point and electric heater.
Door to: 'Jack & Jill' Wet Room - With doors from the main bedroom and the entrance hall.
Equipped with a most attractive contemporary suite comprising walk-in shower with tiled walls and plumbed shower unit, pedestal wash basin, and WC. Strip light, chrome heated towel rail.
Bedroom Two - 3.96m x 2.34m (13' x 7'8) - Electric heater. Communal Facilities - The block features an on-site care team, on constant call.
There is also a resident's lounge, a resident's cafe (providing five meals a week included in the service charge), mobility scooter store, on-site hairdresser (at additional cost).
Permit-Controlled, Resident's Parking Area - Communal Gardens - Lease: 125 Years From November 2016 - Service Charge: Currently £461 Per Month - Council Tax Band: C (Rother District Council) - Epc Rating: B -
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.
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