2-bedroom house · TN37 6QR
For saleListed 233 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
PCM Estate Agents are delighted to welcome to the market an opportunity to secure this FIRST FLOOR TWO BEDROOM RETIREMENT FLAT located directly on Hastings seafront, providing views out towards the sea and Hastings Pier.
This property is available to residents over the age of 55.
The property is bright and spacious, featuring a GOOD SIZE LOINGE-DINER with VIEWS out toward the sea and a PRIVATE BALCONY, kitchen, SHOWER ROOM and TWO BEDROOMS also benefitting from the aforementioned views.
The property also has the additional benefit of RESIDENTS ONLY PARKING, LIFT ACCESS to all floors, COMMUNAL LOUNGE and well-maintained communal areas.
Please call the owners agents now to book your appointment and avoid disappointment.
Communal Entrance - Stair and lift access to the first floor, private front door to: Entrance Hallway - Entry phone system, wall mounted thermostat, emergency pull cord, two storage cupboards -one of which housing the hot water cylinder and the other being a large cupboard with shelving, perfect for coats, shoes and additional storage.
Door opening to: Lounge-Diner - 5.49m x 3.12m (18' x 10'3) - Television point, wall mounted thermostat, emergency pull cord, radiator, double glazed window to front aspect with electric blinds, providing stunning views out to the sea, promenade and Hastings Pier, double glazed door with electric blind opening to: Balcony - Providing space for outdoor seating, stunning views toward the sea, promenade and Hastings Pier.
Kitchen - 2.44m'2.74m (8'15'9 ) - Fitted with a range of eye and base level units, four ring electric induction hob with extractor above, eye level electric oven, stainless steel sink with mixer tap, space for under counter fridge, integrated freezer, space and plumbing for washing machine.
Bedroom - 3.53m x 2.59m (11'7 x 8'6) - Built in wardrobe with hanging space and shelving above, radiator, double glazed windows with electric blinds, providing stunning views out to the sea and of Hastings Pier.
Bedroom - 3.12m x 1.96m (10'3 x 6'5) - Built in wardrobe with hanging space and shelving above, radiator, double glazed window to front aspect with electric blind providing stunning views out to the sea and Hastings Pier.
Shower Room - Newly fitted with shower cubicle having main pressure shower with waterfall shower head, low level dual flush wc, wash hand basin with mixer tap and storage below, vanity mirror over, chrome style towel rail, extractor fan, aquaborded walls.
Tenure - We have been advised of the following by the vendor: Lease: Approximately 152 years remaining. Service Charge: Approximately £3715.08 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 Verulam Place, St. Leonards-On-Sea
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