1-bedroom flat · BN20 7PZ
For saleReduced £10k (−14.3%) on 29 AugListed 124 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A well presented one bedroom second floor apartment forming part of this popular retirement development situated in the Meads.
Within comfortable walking distance of Meads village the flat benefits from a double bedroom, refitted kitchen & bathroom and spacious bay windowed lounge/dining room with views over communal gardens.
The development provides a residents lounge, laundry room and residents parking facilities. The flat is being sold chain free. Entrance Communal entrance with security entry phone system.
Stairs and lift to second floor private entrance door to - Hallway Coved ceiling. Airing cupboard housing hot water cylinder. Lounge (5.74m x 3.20m (18'10 x 10'6 )) Night storage heater. Wall lights.
Coved ceiling. Archway to - Fitted Kitchen (2.21m x 1.63m (7'3 x 5'4 )) Range of fitted white wall and base units. Worktop with inset single drainer sink unit and mixer tap.
Built-in electric oven and hob. Part tiled walls. Extractor fan. Coved ceiling. Double Bedroom (4.22m x 2.64m (13'10 x 8'8 )) Night storage heater. Coved ceiling. Wall lights.
Built-in wardrobe with mirrored doors. Double glazed window. Modern Bathroom/Wc White suite comprising panelled bath with shower over. Low level WC. Pedestal wash hand basin. Tiled floor.
Part tiled walls. Extractor fan. Heated towel rail. Outside The development is set in well maintained lawned communal gardens. Parking There are residents parking facilities.
Other Details The development has a residents lounge and laundry room. Council Tax Band = B
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
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FAQ
About 29, Homeglade House, St. Johns Road, Eastbourne
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