2-bedroom flat · TN34 2RD
For saleListed 21 days
Opportunity summary
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About
FANTASTIC CHAIN FREE EXECUTIVE APARTMENT! This modern purpose built first floor apartment is both spacious and light.
The well proportioned rooms comprise two double bedrooms with built in wardrobes, Open plan Lounge/Diner leading to modern Kitchen, Bathroom, En-suite shower room and utility.
Externally there is an allocated parking space within the grounds and a large mostly lawned well kept communal garden area. Being sold with a long lease of over 119 years.
Please contact us to arrange an appointment to view. EPC a good grade B.
IMPORTANT NOTE TO POTENTIAL PURCHASERS & TENANTS: We endeavour to make our particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact.
The services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given.
All photographs and measurements have been taken as a guide only and are not precise. Floor plans where included are not to scale and accuracy is not guaranteed.
If you require clarification or further information on any points, please contact us, especially if you are traveling some distance to view.
POTENTIAL PURCHASERS: Fixtures and fittings other than those mentioned are to be agreed with the seller.
POTENTIAL TENANTS: All properties are available for a minimum length of time, with the exception of short term accommodation. Please contact the branch for details.
A security deposit of at least one month’s rent is required. Rent is to be paid one month in advance. It is the tenant’s responsibility to insure any personal possessions.
Payment of all utilities including water rates or metered supply and Council Tax is the responsibility of the tenant in most cases.
HAS260603/2 FIRST FLOOR Entrance Hall Carpeted flooring. Double radiator. Built in cupboard. Doors leading to Lounge/Diner, Utility Room, Bathroom and Bedrooms.
Lounge/Diner 6.06m into bay window x 3.98m - Carpeted flooring. Double radiator. UPVC Double glazed bay window to front aspect. Uplighters to walls. Open plan to Kitchen.
Kitchen 4.32m x 1.8m Vinyl flooring. UPVC Double glazed window to front aspect.
The kitchen comprises a range of modern high gloss wall and base units with a square edge work surface over with stainless steel splashback. Built in one and a half bowl sink and drainer inset.
Fitted oven, hob, extractor, fridge/freezer and dish washer. Matching island with built in wine cooler. Utility Room 2.07m x 1.48m Vinyl flooring.
Base unit with rolled edge work surface over and a stainless steel sink and drainer inset. Space for washing machine. Bedroom 1 3.83m x 3.68m Carpeted flooring. Double radiator.
Built in double wardrobe. Double UPVC Double glazed doors to front aspect to Juliet balcony. Door leading to En-Suite Shower room. En-Suite Shower Room 2.31m x 1.6m Vinyl flooring.
Part tiled walls. Heated towel rail. UPVC Opaque Double glazed window to front aspect.
The white suite comprises a low level flush w/c, pedestal wash hand basin and corner shower cubicle with glass retracting door and a wall mounted shower attachment fitted over.
Spot lighting to ceiling. Bedroom 2 3.58m x 3.4m Carpeted flooring. Double radiator. Built in double wardrobe. UPVC Double glazed window to side aspect.
Bathroom 2.3m x 1.88m Vinyl flooring. Part tiled walls. Heated towel rail.
The white suite comprises a low level flush w/c, pedestal wash hand basin and panel enclosed bath with a wall mounted shower attachment fitted over. Spot lighting to ceiling.
OUTSIDE Allocated car parking space An allocated wide parking space located to the front of the property. Communal Gardens A range of fence enclosed mostly laid to lawn gardens.
LEASE INFORMATION Lease Term: 119 years unexpired Ground Rent: £150 per annum Service Charge: currently £2,100 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
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FAQ
About The Ridge, Hastings, East Sussex, TN34
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