2-bedroom flat · BN20 7BU
For saleReduced £20k (−5.7%) on 1 OctListed 302 days
Opportunity summary
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About
Occupying a most sought after position in Lower Meads, enjoying a lovely aspect over an adjacent park - A remarkably spacious 2 bedroom first floor apartment having the benefit of a private westerly facing terrace, a further area of private garden and a double garage.
Forming part of a substantial converted former Vicarage, designed by the renowned Architect Peter Dulvey Stonham, the apartment affords generous and well planned accommodation comprising a 21'10 x 13'6 living room with adjoining conservatory and access to the large westerly facing terrace.
The 15'4 x 12'10 master bedroom features a bay window overlooking the adjacent park and a modern fitted ensuite shower room/wc.
Further benefits include a modern fitted kitchen with integrated appliances, refitted bathroom/wc, gas fired central heating and double glazing.
Offered with no onward chain, an early inspection is most highly recommended by the vendors' sole agent as above Location.
The property occupies a sought after position in Lower Meads, less than half a mile from the immediate town centre with its comprehensive range of shopping facilities, cinema and mainline railway station serving Gatwick Airport and London Victoria.
Meads Village with its further range of local shops and amenities is less than one mile.
The lovely seafront promenade together with the town's theatres and the Towner Gallery are also within close proximity.
Accommodation and Approximate Room Sizes Communal front door with security entry phone system opening into Communal Entrance Hall with staircase rising to First Floor Landing.
Private front door opening into Spacious Entrance Hall with entry phone, cornice, radiator, built in cloaks cupboard, built in shelved airing cupboard with radiator.
Living Room 21'10 x 13'6 (6.65m x 4.11m) with two radiators, two wall light points, sliding double glazed doors opening into Conservatory 11'6 x 8' (3.51m x 2.44m) enjoying a bright westerly aspect with fitted ceiling blind, double glazed doors opening to Large Westerly Facing Balcony 11'6 x 11'6 (3.51m x 3.51m).
Kitchen 11' x 7'8 (3.35m x 2.34m) enjoying a bright double aspect and lovely views over the adjacent park.
Fitted with a range of built in matching units complemented by ceramic wall tiling to half height, comprising inset one and a half bowl single drainer stainless steel sink having mixer tap with cupboards under, range of matching floor cupboards and drawers with worktops above with inset Hotpoint four ring electric hob with extractor hood above.
Adjoining matching unit housing built in Neff electric double oven, space and plumbing for washing machine, space for upright fridge/freezer with retractable larder unit to side, matching wall cupboards, further matching cupboard housing wall mounted Worcester gas fired boiler, radiator.
Bedroom 1 15'4 plus door recess x 12'10 including depth of range of built in wardrobe cupboards (4.67m x 3.91m). Enjoying a lovely aspect over the adjacent park, radiator.
Door to Ensuite Shower Room fitted with matching white suite complemented by ceramic wall tiling to three quarter height, comprising walk-in shower cubicle with overhead shower, additional handset and glazed bi-fold door, built in vanity unit with wash hand basin having mixer tap with cupboard below, close coupled wc, extractor fan, chrome ladder style heated towel rail.
Bedroom 2 12'2 x 10'6 (3.71m x 3.20m) with radiator.
Bathroom fitted with matching white suite complemented by ceramic wall tiling to half height, comprising panelled bath having mixer tap with shower attachment, built in vanity unit with wash hand basin having mixer tap with cabinet below, close coupled wc, chrome ladder style heated towel rail.
Outside In addition to the Large Westerly Facing Terrace, the apartment benefits from a Private Area of Lawned Garden arranged to the rear of the development.
Communal driveway at side provides access to a Brick Built Double Garage with up and over door, electric light and power point.
Lease - For a term of 999 years from 1977, and includes a share of the Freehold. Maintenance - Flat 4 is responsible for 22.75% of the maintenance charges including building insurance.
The maintenance payable for the 12 month period ending 2025 was £1,409. Eastbourne Council Tax Band - C EPC Rating - D
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
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FAQ
About Flat 4 The Old Vicarage, 8a , Grassington Road, Eastbourne
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