1-bedroom flat · TN31 7UZ
For saleListed 174 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A well presented one bedroom ground and first floor maisonette with an allocated parking space The property is located on the popular residential Whitesands development in the coastal village just a few hundred yards from the vast stretch of sandy beach at Camber Sands where a variety of activities can be enjoyed including kite surfing, land yachting & horse riding.
Water sports are taught at Rye Water Sports Lake (1 mile).
Nearby road links provide access to the M20 (junction 10) Ashford which provides further links by both road and rail to London (high speed link from Ashford to London St. Pancras in 37 minutes).
Camber village offers a range of facilities for day to day needs as well as pubs and restaurants.
The nearby Ancient Town and Cinque Port of Rye affords a wider range of amenities together with a railway station offering a service from Eastbourne into Ashford, with connections for London.
Rye Citadel is famed for its historical associations cobbled streets and architecture with St Mary’s Church and the popular, Mermaid Inn.
Other activities and facilities in the area include Rye Golf Club (situated in Camber) as well as Lydd Airport providing aircraft links to Le Touquet and potentially beyond.
As mentioned the development is close to Camber Sands beach and therefore attracts a range of buyers including buy to let investors including second home/holiday let buyers.
Phillips and Stubbs Letting Department suggested a rental figure of £875.00 per calendar month on an Assured Periodic Tenancy.
Ground Floor Front door into the entrance hall with stairs rising to the first floor, built in cupboard housing the gas boiler. Laminate flooring throughout the ground floor.
Cloakroom with w.c and wash hand basin.
Main open plan living/kitchen area having a range a fitted units incorporating a 4 ring electric hob, extractor fan and oven, one and half bowl sink unit, integrated dishwasher and space for fridge freezer.
Two windows to the front both with shutters. Utility room with fitted units having space and plumbing for a washing machine and tumble dryer, window to front.
First Floor First floor landing built in storage cupboard. Double bedroom with two windows to the front having shutters, two built in double wardrobes.
En suite shower room comprising, large shower cubicle, w.c and wash hand basin. Outside: One allocated parking space to the front.
Lease details – 155 years commencing 1st November 2010 Ground rent £250 per annum. Annual service charge £1,447.56 Local Authority: Rother District Council.
Council Tax Band B Mains electricity and water. Mains drainage. Predicted mobile phone coverage: EE, Vodafone, Three and 02 Broadband speed: Superfast 1800Mbps available.
Source Ofcom River and Sea Flood risk summary: Very low risk. Source
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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FAQ
About 3, Shearers Way, Rye
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