2-bedroom flat · BN21 3UP
For saleReduced £20k (−10.8%) on 13 OctListed 68 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Ideally situated within the popular Pegasus Court retirement development in Eastbourne, this spacious two bedroom first floor apartment offers comfortable and well proportioned accommodation, together with the added benefit of a large private sun terrace.
The property comprises a welcoming entrance hall leading to a generous lounge/diner, providing an excellent space for both relaxing and entertaining.
There is a separate kitchen, two well proportioned double bedrooms and a shower room.
A particular feature of the property is the large sun Terrace, providing a wonderful outdoor space to enjoy the sunshine and create an attractive seating area.
Residents also have access to excellent communal facilities, including a residence lounge, kitchen and laundry room, providing additional space and convenience within the development.
Offered to the market vacant and chain free, this property represents an excellent opportunity for those seeking comfortable retirement living within a welcoming and well established development.
Entrance Communal entrance with video security entry phone system. Stairs and lift to first floor private entrance door to - Hallway Electric radiator. Entryphone handset. 3 cupboards.
Bedroom 1 (4.75m x 2.74m (15'7 x 9'0 )) Electric radiator. Range of built-in furniture including a pull down bed. Built-in wardrobe. Double glazed window.
Bedroom 2 (4.17m x 2.77m (13'8 x 9'1 )) Electric radiator. Range of built-in furniture. Double glazed window. Spacious Lounge/Dining Room (6.12m x 3.38m (20'1 x 11'1)) 2 Electric radiators.
Feature fireplace Blackout blinds. Double glazed window. Double glazed patio doors to sun terrace. Door to - Fitted Kitchen (2.26m x 1.93m (7'5 x 6'4)) Range of fitted wall and base units.
Worktop with inset single drainer sink unit and mixer tap. Built-in electric hob and extractor cooker hood above. Eye level electric oven. Integrated fridge/freezer. Double glazed window.
Modern Shower Room/Wc Suite comprising large walk-in shower cubicle. Low level WC with concealed cistern. Wash hand basin set in vanity unit with mixer tap and cupboard under. Wall mounted cupboard.
Shaver point. Fully tiled. Heated towel rail. Extractor fan.
Other Details The development benefits from a residents lounge, kitchen, laundry room, guest room (bookable at an additional fee), communal garden and visitors parking. Council Tax Band = D
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
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FAQ
About 4 Pegasus Court, 29 St. Leonards Road, Eastbourne
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