2-bedroom flat · TN20 6BY
Listing removedReduced £25k (−7.7%) on 20 JunListed 215 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
This beautiful, 2-bedroom, ground floor maisonette benefits from two bathrooms and its own courtyard garden to the rear.
This property is ideal for first-time buyers, people downsizing, small families, buy-to-let investors or for those looking for village life, it is set in the historical village of Mayfield, just 9 miles South of Royal Tunbridge Wells and under 5 miles North of Heathfield.
This home is accessed via a hall, with space in which to hang coats and take of shoes, has a substantial living room, in which the current owners have made a space to the front, ideal for home working.
A door leads from the living room to a shower room and toilet. An inner hall from the living room leads to the two bedrooms, both capable of fitting double beds.
The main bedroom has a built-in wardrobe with space for another standalone wardrobe, chest of drawers or other furniture. The second bedroom has its own en-suite bathroom.
To the rear of the property is the large kitchen, with ample space for cooking and a dining table. The kitchen comes with an oven, hob and built-in fridge.
There is also a useful built-in utility or larder cupboard.
A back door from the kitchen leads to the enclosed courtyard garden, with decking perfect for a table and chairs, for morning coffees, leisurely lunches, evening dining or entertaining.
The garden has been made beautiful by the current owners using an array of potted plants. This property is also being sold with 50% share of freehold. A Lease of 999 years was put in place from 2022.
Mayfield has many beautiful and historic houses and cottages, with a selection of local shops for everyday convenience as well as pubs, restaurants and plenty of local walks.
Mayfield C of E Primary School, Mayfield School and Mayfield Pre-School are all in the village, with plenty of other good schools nearby too.
Buses run from the village High Street and Crowborough, Wadhurst and Tunbridge Wells stations all operate direct trains to London, ranging from 3.6 to 7.6 miles from this home.
Viewings are highly recommended. In accordance with the ea Code of Conduct, prospective purchasers are advised that one of the vendors of this property an employee of this agency.
The agency confirms that all dealings will be conducted with the utmost transparency and in accordance with professional standards.
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 The Old Forge,, South Street, East Sussex
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