2-bedroom flat · TN31 7AY
Listing removedReduced £100 (−7.4%) on 16 JulListed 153 days · slow let
Opportunity summary
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About
Rush Witt & Wilson are delighted to present to the market this Grade II listed wonderful converted grain warehouse apartment set within the heart of the ancient town of Rye.
Positioned on the third floor, this spacious two bedroom apartment offers well presented accommodation boasting original features throughout and offers views across the Quay and out to Camber Castle.
EPC rating C & Council tax band D. The Apartment is accessed via a spacious communal entrance, the property comprises large living/dining /kitchen, two bedrooms and a bathroom.
The building is located just a moments walk from the famous Mermaid Street which forms part of Rye Citadel. Terms: £1557 Deposit, 1st months rent in advance.
In order to proceed with an application a holding deposit equivalent to one weeks rent will be required to hold the property whilst references are being obtained.
This will be taken off of your first months rent on move in upon successful completion of the referencing process. For more information or to book a viewing, please call .
We are members of The Property Redress Scheme and CMP (client money protect scheme CMP002697 Communal Entrance - Stairs rising to the third floor. Inner Hallway - Walk in large storage cupboard.
Open Plan Living/Dining/Kitchen - 9.60m x 5.13m extending to 7.87m (31'6 x 16'10 ext - Triple aspect room with Juliet balcony with views across Strand Quay and over to Camber Castle.
The kitchen comprises double oven, electric hob with extractor fan over, built in dishwasher, built in fridge, built in washing machine, sink with window over, matching base and eye level units.
The large living space has exposed beams and original touches and a feature grain wheel, loft storage storage space, stairs rising to a mezzanine floor.
Mezzanine Area - 3.38m x 2.84m (11'1 x 9'4) - Gallery overlooking the living room & space providing further flexible accommodation, eaves storage space.
Bedroom One - 5.05m x 2.44m (16'7 x 8'0) - Window to side. Bedroom Two - 3.91m x 3.18m (12'10 x 10'5) - Window to side.
Bathroom - 2.51m x 2.06m (8'3 x 6'9) - Bath with shower head over, toilet, basin, extractor fan, built in double cupboard.
Agents Note - These particulars are produced in good faith, but are intended to be a general guide only.
It should also be noted that any measurements quoted are given for guidance only and are approximate and should not be relied upon for any other purpose.
None of the services or appliances mentioned in these particulars have been tested unless required.
Further information on broadband and mobile coverage and speeds can be found at Ofcom.org.uk/phones-and-broadband/coverage-and-speeds/Ofcom-checker/ .
According to the gov.uk website the property is located in an area at very low of flooding from surface water and rivers & seas. Please note this flat is on the top apartment.
Value & comps
No previous sales on record.
Rental comparables are shown in the Rental section below. Sold comparables remain for area capital context only.
Returns
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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
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