2-bedroom flat · BN21 4LD
Sold STCListed 117 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A spacious and well presented two bedroom ground floor flat with private terrace conveniently located within Eastbourne town centre and close to a variety of shopping facilities and mainline train station.
Eastbournes picturesque seafront is within walking distance as well as a number of theatres and the famous Towner art gallery.
This delightful property is offered to the market chain free and enjoys accommodation which comprises entrance hall, sitting room, kitchen/breakfast room, two good size bedrooms, recently fitted modern shower room, and separate wc.
Additional features include large private terrace leading off the sitting room and also a second smaller terrace leading from the kitchen.
The property is set within well maintained communal gardens and there is the added benefit of a visitors parking area to the front.
The property comes with the remainder of a 999 year lease and share of the freehold. Additional benefits include gas central heating and being mostly double glazed.
COMMUNAL ENTRANCE HALL DOOR TO:- PRIVATE ENTRANCE HALL SITTING ROOM - 16'8" (5.08m) x 10'4" (3.15m) DOOR TO PRIVATE TERRACE KITCHEN/BREAKFAST ROOM - 11'4" (3.45m) x 11'1" (3.38m) BEDROOM 1 - 14'9" (4.5m) x 9'7" (2.92m) BEDROOM 2 - 8'8" (2.64m) x 8'8" (2.64m) SHOWER ROOM SEPARATE WC OUTSIDE: COMMUNAL GARDENS STORAGE SHED EPC: "D" COUNCIL TAX: "C" PETS: Allowed with permission.
LETTING: Allowed. LEASE: Remainder of 999 years. MAINTENANCE: £2,400 per annum. £200 into the sinking fund.
(All details concerning the terms of the Lease and outgoings are subject to verification) Notice Please note we have not tested any apparatus, fixtures, fittings, or services.
Interested parties must undertake their own investigation into the working order of these items. All measurements are approximate and photographs provided for guidance only.
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 South Street, Eastbourne, BN21 4LD
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