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 · TN38 8EJ
Sold STCListed 103 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 exciting opportunity to acquire this MODERN FIRST FLOOR PURPOSE BUILT TWO BEDROOM FLAT, with ALLOCATED PARKING, electric heating and double glazed windows.
Conveniently located in the outskirts of St Leonards, within easy reach of local amenities and bus routes.
This FIRST FLOOR FLST offers well-appointed accommodation comprising an entrance hall with ample storage, LOUNGE-DINER, kitchen, TWO BEDROOMS with FITTED WARDROBES and a bathroom.
The property is well-decorated. Please call the owners agents now to book your viewing.
Communal Front Door - Leading to communal entrance hall, stairs rising to the first floor with private front door to: Entrance Hall - Wood laminate flooring, storage cupboard, wall mounted entry phone system, wall mounted consumer unit for the electrics, doors to: Lounge-Diner - 5.59m x 3.23m (18'4 x 10'7) - Double glazed box bay window to rear aspect with views onto Bexhill Road, wall lighting, coving to ceiling, television point, wall mounted electric radiator, door to: Kitchen - 2.57m x 2.26m (8'5 x 7'5 ) - Double glazed window to rear aspect with views onto Bexhill Road, part tiled walls, fitted with a matching range of eye and base level cupboards and drawers with worksurfaces over, Beko electric hob with oven below and fitted cooker hood over, inset one & ½ bowl drainer-sink unit with mixer tap, space for tall fridge freezer, space and plumbing for washing machine.
Bedroom - 3.66m x 2.62m (12' x 8'7) - Double glazed tilt and turn window to a Juliette balcony, archway to dressing area with fitted wardrobes and sink, wall mounted electric heater.
Bedroom - 3.48m x 1.91m (11'5 x 6'3) - Fitted wardrobe, double glazed window to front aspect.
Bathroom - Panelled bath with mixer tap and shower attachment, pedestal wash hand basin, low level wc, further built in cupboard housing the pressurised water tank, extractor for ventilation, wood laminate flooring.
Parking - Allocated parking bay and visitors bays.
Tenure - We have been advised of the following by the vendor: Lease: Approximately 88 years remaining Service Charge: Approximately £1159 per annum Ground Rent: £0
Value & comps
No previous sales on record.
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 asking
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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.
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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 Lovat Mead, St. Leonards-On-Sea
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