2-bedroom flat · BN21 4PA
For saleReduced £10k (−5.9%) on 16 SepListed 49 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
***guide price £170,000 to £180,000*** An extremely well presented two bedroom first floor apartment that has undergone significant improvement by the current vendor.
Enviably situated in Eastbourne’s West town centre the flat benefits from a wonderful open plan fitted kitchen, refitted bathroom, two bedrooms and gas central heating.
Eastbourne’s town centre, seafront and mainline railway station are all within easy walking distance and with a lease term in excess of 100 years an internal inspection comes very highly recommended.
Entrance Communal entrance with security entry phone system. Stairs to first floor private entrance door to - Hallway Entryphone handset. Radiator.
Open Plan Lounge/Fitted Kitchen (4.37m x 4.24m (14'4 x 13'11 )) Feature fireplace with tiled surround. Television point. Picture rail. Corniced ceiling.
Sash window to front aspect with ornate panelling. Open Plan Fitted Kitchen Area Range of fitted high gloss wall and base units.
Worktop with inset one & a half bowl single drainer sink unit and mixer tap. Built-in gas hob and electric double oven with glass splashback and stainless steel extractor cooker hood.
Integrated fridge. Built-in microwave. Bedroom 1 (4.32m x 2.95m (14'2 x 9'8 )) Radiator. Coved ceiling. Picture rail. Sash window to front aspect. Bedroom 2 (2.41m x 2.18m (7'11 x 7'2 )) Radiator.
Coved ceiling. Sash window to side aspect. Modern Bathroom/Wc White suite comprising panelled bath with shower screen and shower over. Low level WC. Part tiled walls. Extractor fan.
Chrome heated towel rail. Wood effect flooring. Frosted window. Council Tax Band = A
Value & comps
No previous sales on record.
Returns
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We're still gathering serviced-accommodation data for this area.
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
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FAQ
About 5, Thorne Lodge, 4 Spencer Road, Eastbourne
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