2-bedroom flat · TN37 7RS
For saleReduced £10k (−5.3%) on 22 AugListed 204 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
PCM Estate Agents are delighted to present to the market this opportunity to acquire a top floor purpose built two double bedroom flat, benefitting from an allocated parking space.
Ideally positioned in this sought-after area of St Leonards, within easy reach of local amenities in Little Ridge and the Conquest Hospital.
Accommodation comprises a spacious entrance hall with useful storage, a bright lounge-diner, modern kitchen, two well-proportioned double bedrooms and a modern bathroom.
The property also benefits from gas central heating and double glazing throughout. Viewing comes highly recommended to fully appreciate what this property has to offer.
Please contact the owners sole agent today to arrange your viewing.
Communal Entrance With entry phone system, stairs rising to the second (Top) floor, private front door to: Entrance Hall Entry phone system, wall mounted thermostat, radiator, loft hatch with ladder, storage cupboard housing the condensing tumble dryer and providing space for coats and shoes with additional shelving for storage, door opening to: Lounge-Kitchen (7.77m x 3.81m (25'6 x 12'6)) Lounge area having television point, radiator, double glazed window to front aspect with views over nearby rooftops and out to sea.
The kitchen area is fitted with a range of eye and base level units comprising a four ring gas hob with electric oven beneath and extractor above, ample countertop space, inset one & 1⁄2 bowl stainless steel sink with mixer tap, space and plumbing for washing machine, space for tall fridge freezer, cupboard housing the wall mounted gas boiler, radiator, double glazed window to front aspect also providing views over rooftops and out to sea.
Bedroom (3.94m x 3.18m (12'11 x 10'5)) Built in wardrobe with hanging space either side and shelving above, radiator, double glazed window to rear aspect.
Bedroom (3.53m x 2.46m (11'7 x 8'1)) Radiator, double glazed window to rear aspect.
Bathroom Panelled bath with mixer tap, mains pressure shower over, low level dual flush wc, wash hand basin, shaver point, part tiled walls, extractor fan, radiator, frosted double glazed window to rear aspect.
Tenure We have been advised of the following by the vendor: Lease: Approximately 100 years remaining. Service Charge: Approximately £1800 per annum. Ground Rent: Approximately £150 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 Flat 6 Alpine House, Welton Rise, St. Leonards-On-Sea
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