1-bedroom flat · TN22 5AZ
Sold STCListed 1 day
Opportunity summary
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About
A well presented modern retirement flat with communal facilities situated in a convenient location close to the High Street and railway station.
WELL PRESENTED MODERN RETIREMENT FLAT FOR THE OVER 60s | TOWN CENTRE LOCATION | COMMUNAL HALLWAY AND LANDING | ENTRANCE HALL | SITTING ROOM | KITCHEN | BEDROOM | SHOWER ROOM | COMMUNAL GARDENS | RESIDENTS LOUNGE | RESIDENTS PARKING | LAUNDRY ROOM | COUNCIL TAX BAND: A | EPC RATING: BAND D.
SITUATION: Millington Court is a purpose built complex of retirement homes built in the 1980s within a short walk of the town centre and railway station with services to London Bridge and East Croydon.
Uckfield has an excellent range of shops, bars and restaurants as well as a cinema and leisure centre/swimming pool complex.
There are regular bus services from the town to Lewes, Brighton and Tunbridge Wells. DESCRIPTION: A well planned retirement apartment with an aspect over the old mill and river.
The flat is accessed via a communal hallway and landing with a lift serving all floors.
The front door leads to the Entrance Hall with airing cupboard with hot water cylinder, further built in shelved cupboard.
A doorway leads to the Sitting Room with views over the river and the Roller Mill.
The Kitchen has a range of base cupboard and drawer units with work surfaces over, one and a half bowl stainless steel sink unit, wall cupboards, electric cooker and space for a fridge/freezer.
There is a spacious Bedroom with a range of built in wardrobe cupboards and a Shower Room with large walk-in shower, WC, wash basin, heated towel rail, fitted shelves and vinyl flooring.
Millington Court has a resident's lounge which opens onto the gardens with seating areas and lawns sloping down to the river.
There is a laundry room with washing machines and tumble dryer and two parking area for the use of the residents.
N.B: We understand that the lease is for a term of 99 years from 1987 (to be confirmed). There is a monthly service charge understood to be £330 (October 2024).
Please note that these figures are for guidance only and verification should be sought by the buyer's legal representatives.
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 Mill Lane, Uckfield, East Sussex, TN22
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