2-bedroom flat · TN38 0QQ
For saleListed 33 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
PCM Estate Agents are delighted to present to the market an opportunity to acquire this ground floor, bay fronted, two double bedroom apartment, ideally situated in this highly sought-after central St Leonards location.
The property offers well-proportioned accommodation comprising an entrance hall with two useful storage cupboards, a bright and spacious bay fronted lounge-diner, a modern kitchen, two double bedrooms with the master benefitting from a walk-in-wardrobe, and a separate modern shower room.
Externally the property benefits from residents only parking, available on a first-come first-served basis.
Conveniently located within easy reach of the vibrant hub of central St Leonards, offering an excellent selection of boutique shops, bars, restaurants and seafront, along with Warrior Square mainline railway station.
If you are looking for a well-presented two bedroom apartment in a desirable St Leonards location, this property is not to be missed.
Please contact PCM Estate Agents today to arrange your immediate viewing and avoid disappointment.
Communal Entrance With entry telephone system, stairs rising to the first floor, private front door to: Inner Lobby Further door to: Entrance Hall Entry phone system, wall mounted thermostat, radiator, tiled flooring, two built in storage cupboards, one of which having electric consumer unit and space for coats and shoes, whilst the second has space and plumbing for washing machine and tumble dryer, door to: Lounge (5.82m x 4.17m max into bay (19'1 x 13'8 max into) Radiator, single glazed bay window to front aspect, door to: Modern Kitchen (2.67m x 1.93m (8'9 x 6'4)) Comprising a range of eye and base level units, four ring electric induction hob with electric oven beneath and extractor above, inset one & 1⁄2 bowl sink with mixer tap and instant hot water tap, integrated fridge freezer, cupboard housing the wall mounted gas boiler, radiator, single glazed window to side aspect.
Bedroom (4.72m max x 2.92m max (15'6 max x 9'7 max )) Radiator, fitted built in walk-in-wardrobe having hanging space and shelving with additional storage above, single glazed window to side aspect.
Bedroom (4.50m x 2.57m (14'9 x 8'5)) Radiator, single glazed bay window to side aspect.
Shower Room Modern and comprising a double shower unit with waterfall style shower head, low level dual flush wc, sunken storage pockets, wash hand basin with mixer tap and storage beneath, heated towel rail, vanity mirror, tiled walls, tiled flooring, extractor fan.
Outside There is use of communal parking on a first come first served basis, located at the side of the property.
Tenure We have been advised of the following by the vendor: Lease: Approximately 981 years remaining. Service Charge: 9.25% of any works on an as & when basis, approximately £1186 per annum.
Ground Rent: Approximately £50.50 per annum. Sinking Fund: Approximately £370 per annum.
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 4 Gordon Mansions, 36, Charles Road, St. Leonards-On-Sea
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