4-bedroom flat · TN34 3EG
Sold STCListed 144 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A spacious 1,400 sqft, four bedroom maisonette set in a favoured location on cobbled george street in the heart of the old town with views towards the sea.
It's only metres from the beach and both the East and West Hills, ideally positioned to enjoy the independent stores, galleries, eateries and history that the Old Town has to offer.
Forming part of an exceptional Grade II listed georgian semi detached building, formerly "The Old Bakery" the property dates back to 1740.
Spanning the first, second and third storey, relishing a wealth of original features throughout including paned windows, floorboards and fireplaces.
Having been recently refurbished and professional styled the accommodation here is presented to an exceptional standard throughout, entering via a private entrance and welcoming hall, the accommodation offers a bright reception room on the first floor which measures 16'4 x 14’8, with a bow window and grand fireplace, giving access to an ensuite providing a versatile layout.
This level also houses the first bedroom along with an ensuite.
The main living space is found on the second floor where there is a reception room currently used as a dining space that leads into the kitchen.
The modern fitted kitchen offer high gloss units with wood worktops, offering ample storage and built in appliances.
There is a second bedroom with an ensuite on the second floor and two further bedrooms, together with a shower room on the third floor, all of the bedrooms are generous doubles.
This maisonette has been used as a high end holiday apartment, sleeping eight guests comfortably and generating a nightly income of approximately £400.
Being sold with no onward chain this seaside retreat is not to be missed.
Value & comps
No previous sales on record.
Returns
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We're still gathering serviced-accommodation data for this area.
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 Upper Maisonette, 5, George Street, Hastings
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