2-bedroom flat · PE36 6HJ
For saleListed 247 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Cruso & Wilkin are delighted to welcome to the market this third floor apartment with stunning views over Lincoln Square, the Salad Bowl Café and across the wash, all from the comfort of its own balcony.
The perfect spot to relax, watch the world go by and enjoy the sun setting over the sea. Well maintained and presented throughout. This spacious apartment has an abundant amount of storage space.
The property enjoys the remainder of a 999 year lease with the new owners becoming shareholders in the company that owns the Freehold.
Accommodation at the property briefly comprises of; entrance hall, two double bedrooms, shower room, living area and kitchen.
The windows are wooden framed double glazed units, the sliding patio doors are UPVC double glazed, the property also benefits from gas central heating. There is parking available to the rear.
The apartment is offered with no onward chain call now to arrange a viewing. COMMUNAL AREA There is a driveway to the right hand side of the building which leads to a parking area.
Owners will be granted one parking permit. However parking is on a first come first served basis.
There is a communal entrance to the rear via a secure door, the entranct to the apartment is located on the third floor.
LIVING ACCOMMODATION Entrance Hall Wooden entry door, wood effect vinyl flooring, secure entry phone, radiator, storage cupboard with furher storage over.
Doors to; Shower Room (2.68m x 1.89m 8'10" x 6'2") Mosiac tile effect vinyl floor and fully tiled walls. Enclosed shower unit with curved glass doors and boiler fed manual shower mixer.
W.C., pedestal hand wash basin with hot and cold taps over. Extractor fan and space for washing machine (plumbing would need to be added).
Bedroom Two (3.95m x 2.32m 13' x 9'1") Window to the rear aspect. Radiator. Bedroom One (3.95m x 2.77m 13' x 9'1") Window to the rear aspect.
Radiator and storage cuoboard with additional storage over. Living Room (5.30m x 3.92m 17'5" x 12'10") UPVC sliding patio doors leading out to private balcony. Two radiators and smoke alarm.
Large storage cupboard. Opening to; Kitchen (2.58m x 2.34m 8'6" x 7'8") Window to the front aspect, wood effect vinyl flooring.
Range of matching black hi-glass wall and base units with wood effect worktop over and subway tiled splashbacks. Stainless steel sink and drainer unit with hot and cold mixer over.
Integrated electric oven with four ring hob and extractor hood over. Wall mounted Worcester Bosch gas combi boiler. Agents Note Please be aware the lease for the property does not allow pets.
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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