1-bedroom house · TN39 4TL
For saleReduced £5k (−3.2%) on 14 MayListed 175 days
Opportunity summary
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About
PCM Estate Agents are delighted to present to the market this well-presented, PURPOSE BUILT, ONE BEDROOM, FIRST FLOOR RETIREMENT APARTMENT, catered to OVER 55's with a part time warden.
Accommodation comprises a PRIVATE ENTRANCE with stairs rising to the first floor landing, a GENEROUS SIZED LOUNGE, kitchen, DOUBLE BEDROOM and bathroom.
The property benefits from ample storage, double glazing, electric heating and a JULIETTE BALCONY which can be accessed via the lounge and provides views over the WELL-MAINTAINED COMMUNAL GARDENS.
There is also the benefit of a COMMUNAL PARKING AREA and space to dry clothes.
Located in a quiet cul-de-sac in a desirable part of Cooden, viewing is essential to fully appreciate the position and accommodation on offer.
Please call the owners agents now to arrange your viewing and avoid disappointment.
Upvc Private Front Door - With frosted windows leading to: Hallway - Stairs rising to the first floor, wooden door with frosted insert leading to: Landing - Electric storage heater, loft access, doors to: Lounge - 5.54m max x 3.40m max (18'2 max x 11'2 max ) - Electric fire and electric storage heater, coving to ceiling, double glazed window overlooking the communal gardens, double glazed door leading to a Juliette balcony overlooking the communal gardens and with sea glimpse, wooden sliding door with frosted inserts opening to: Kitchen - 2.59m x 2.26m (8'6 x 7'5) - Fitted with a range of eye and base level cupboards and drawers, inset sink, part tiled surround, space for electric cooker, space and plumbing for washing machine, space for tumble dryer, space for fridge, wall mounted electric heater, double glazed window to front aspect.
Bedroom - 3.66m x 2.87m (12' x 9'5) - Built in wardrobes, electric heater, double glazed window overlooking the communal garden.
Bathroom - 2.29m x 1.83m (7'6 x 6') - Bath with shower attachment, pedestal wash hand basin, low level wc, part tile surround, frosted double glazed window.
Two attached storage cupboards, one of which housing the immersion tank and the other being a good size (8’4 x 2.9) and housing the electric meters and consumer unit.
Outside - There is use of communal gardens, offering a wide area surrounding the property and use of the car park. The communal gardens are maintained within the maintenance budget.
Tenure - We have been advised of the following by the vendor: Lease: 99 years from 1985, approximately 58 years remaining, Service Charge: Approximately £2400 per annum.
Ground Rent: Approximately £186 per annum. Letting and Air BnB: Now Allowed Pets: With permission. Cost of Extending Lease: £24,000 approximately.
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 Osbern Close, Bexhill-On-Sea
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