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See how verdicts work2-bedroom flat · RH19 1QR
For saleReduced £5k (−2.9%) on 2 OctListed 118 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
'Felwater Court' is a purpose built development for buyers over 60 years of age looking to enjoy life into retirement.
The property that we have for sale has been improved in recent years with a new modern kitchen & modern shower room, and replacement double glazed windows and doors, aswell as a new gas fired boiler.
Upon entering the property the hallway gives you access to the living room, both bedrooms, the shower room and there are two useful storage cupboards.
The good sized living room has space for sofas and a small dining table, and the room enjoys double glazed French doors out to the communal gardens, and a doorway through to the kitchen.
The kitchen has built in appliances to include a electric hob, oven, fridge and freezer, with a space for a washing machine (the current washing machine could be included).
There are two bedrooms, one is a double with built in wardrobes, and the other is a single. The modern shower room has a large walk-in shower cubicle, with a wash hand basin and low flush WC.
As mentioned there is a central communal garden with a raised fish pond and patio area to socialise with other residents.
There is also a residents 'lounge' with kitchen area which can be used by residents to have a larger family gathering, once agreed with the Manager.
For day to day groceries there is a small Marks & Spencer food hall aswell as a parade of other shops which includes a Fish & Chip shop.
For journeys further afield it is a short walk to the bus stops with regular buses to East Grinstead town centre, and in turn East Grinstead Train Station.
Please Note - Virtual staging has been used to showcase the bedroom images Living Room (14'10" x 11'4", 4.52m x 3.45m) Kitchen (10'4" x 8'0", 3.15m x 2.44m) Bedroom 1 (10'10" x 8'11", 3.3m x 2.72m) Bedroom 2 (9'11" x 8'5", 3.02m x 2.57m) Shower Room (9'2" x 6'4", 2.79m x 1.93m)
Value & comps
No previous sales on record.
Returns
Set an offer; the calculator follows it.
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
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FAQ
About 11 Felwater Court, London Road, East Grinstead
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