Modern Method of Auction
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We've tightened what earns a Pursue. A home now needs a published valuation, a strategy that still makes money after real running costs and lender stress tests, and no listing problems that would stop a mortgage. You'll see fewer Pursues, and each one has been checked harder.
See how verdicts work2-bedroom flat · BN20 7RG
For saleReduced £20k (−11.1%) on 11 SepListed 159 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A spacious and well-presented two-bedroom maisonette located in a highly sought-after area of Meads, Eastbourne.
Offering generous living accommodation across the first and second floors, this property combines comfort, practicality, and style, making it an ideal home for families, professionals, or investors.
The accommodation comprises two large double bedrooms, a good sized bathroom, and a sizeable living room that flows seamlessly into a fitted kitchen, providing a practical and sociable layout.
The neutral décor throughout ensures a bright and airy atmosphere and allows for easy personalisation to suit individual tastes.
Set in Meads Street, the property enjoys a desirable location close to a variety of local shops, cafés, and amenities.
Meads Village, the seafront, and Eastbourne town centre are all within easy reach, making this an ideal base to enjoy the best of coastal living.
This maisonette presents an excellent opportunity to secure a spacious home in one of Eastbourne’s most popular residential locations.
Its size, layout, and location make it especially suitable for families, downsizers, first-time buyers, or investors seeking a strong rental property.
Auctioneer Comments This property is for sale by Modern Method of Auction allowing the buyer and seller to complete within a 56 Day Reservation Period.
Interested parties’ personal data will be shared with the Auctioneer (iamsold Ltd). If considering a mortgage, inspect and consider the property carefully with your lender before bidding.
A Buyer Information Pack is provided, which you must view before bidding. The buyer will pay £349 inc VAT for this pack.
The buyer signs a Reservation Agreement and makes payment of a Non-Refundable Reservation Fee of 4.5% of the purchase price inc VAT, subject to a minimum of £6,600 inc VAT.
This Fee is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price.
The Fee is considered within calculations for Living Room (6.48m x 3.71m (21'3" x 12'2")) Kitchen (3.71m x 2.24m (12'2" x 7'4")) Bedroom One (4.27m x 2.72m (14'0" x 8'11")) Bedroom Two (3.33m x 2.44m (10'11" x 8'0" )) Bathroom Leasehold Information The seller advises that the property is offered with a new lease and offered as a leasehold property which will have approximately 990 years on the lease with the service charge being, pay as and when.
The agent has not had sight of confirmation documents and therefore the buyer is advised to obtain verification from their solicitor or surveyor.
Value & comps
No previous sales on record.
See the independent valuation, upside vs guide, and per-strategy max bid for this lot. Sign in to see it.
Returns
Set an offer; the calculator follows it.
We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below starting price
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
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 3, 38, Meads Street, Eastbourne
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