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See how verdicts work4-bedroom terraced house · BN21 3JF
Sold STCReduced £25k (−7.7%) on 26 OctListed 152 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
An excellent freehold investment opportunity comprising three self contained flats all held under a single title.
Current income is £23,000 pa, but with refurbishment of the top flat this would be £28,000 pa.
The property includes a one bedroom garden flat, a one bedroom hall floor flat and a spacious two bedroom flat on the first floor, offering a diverse rental mix suited to a range of tenants.
Ideally positioned in a central location, the property benefits from close proximity to the station, town centre and seafront.
This prime setting ensures strong tenant demand and long term rental appeal, making it a highly attractive addition to any investment portfolio.
Flat 1 - Entrance - Stairs down to private entrance door to - Spacious Hallway - Spacious hallway that could be used as an office. Radiator. Inset spotlights. Amtico flooring.
Bay Windowed Lounge - 5.18m x 3.96m (17'0 x 13'0) - Radiator. Double glazed bay window to front aspect.
Fitted Kitchen - 3.94m x 2.77m (12'11 x 9'1) - Modern range of fitted high gloss wall and base units. Worktop with inset single drainer sink unit and mixer tap.
Built-in electric oven and hob with extractor cooker hood. Space for upright fridge/freezer. Plumbing and space for washing machine. Part tiled walls. Double glazed window.
Double glazed door to garden. Bedroom - 3.91m x 3.30m (12'10 x 10'10) - Radiator. Double glazed window to rear aspect.
Bathroom/Wc - White suite comprising panelled bath with chrome mixer tap, shower attachment and shower screen. Low level WC.
Vanity unit with inset wash hand basin, chrome mixer tap and cupboard below. Part tiled walls. Extractor fan. Inset spotlights. Frosted double glazed window.
Outside - The enclosed private garden is laid to patio with a raised seating area. There is also an outside tap.
Epc = D - Council Tax Band = A - Flat 2 - Communal Entrance - Stairs to communal entrance with security entry phone system. Hall floor private entrance door to - Hallway - Radiator. Built-in cupboard.
Bay Windowed Lounge - 5.00m x 3.84m (16'5 x 12'7) - Radiator. Feature fireplace with tiled surround and inset gas fire. Picture rail. Double glazed bay window to front aspect.
Fitted Kitchen - 3.12m x 3.05m (10'3 x 10'0) - Range of fitted lightwood wall and base units. Worktop with inset single drainer sink unit and mixer tap. Cooker point.
Plumbing and space for washing machine. Space for upright fridge/freezer. Wall mounted gas boiler. Part tiled walls. Radiator. Double glazed window. Bedroom - 3.89m x 2.92m (12'9 x 9'7) - Radiator.
Feature fireplace. Fitted wardrobe. Double glazed window to rear aspect. Bathroom/Wc - White suite comprising panelled bath with chrome mixer tap, shower over and shower screen. Low level WC.
Vanity unit with inset wash hand basin, mixer tap and cupboard below. Heated towel rail. Frosted double glazed window.
Epc = D - Council Tax Band = A - Flat 3 - Communal Entrance - Stairs up to communal entrance with security entry phone system.
Stairs to first floor private entrance door to - Split Level Hallway - Bay Windowed Lounge - 5.08m x 3.07m (16'8 x 10'1 ) - Radiator. Picture rail. Double glazed bay window to front aspect.
Fitted Kitchen - 3.18m x 2.82m (10'5 x 9'3 ) - Range of fitted wall and base units. Worktop with inset single drainer sink unit and mixer tap. Cooker point. Plumbing and space for washing machine.
Space for fridge/freezer. Part tiled walls. Larder cupboard housing gas boiler. Bedroom 1 - 3.96m x 2.92m (13'0 x 9'7 ) - Radiator. Built-in wardrobe. Coved ceiling.
Double glazed window to rear aspect. Bedroom 2 - 3.15m x 2.06m (10'4 x 6'9) - Radiator. Picture rail. Double glazed window to rear aspect.
Bathroom/Wc - Suite comprising panelled bath with shower over. Low level WC. Pedestal wash hand basin with mixer tap. Part tiled walls. Radiator. Frosted double glazed window.
Epc = D - Council Tax Band = A -
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.
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FAQ
About Ceylon Place, Eastbourne
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