2-bedroom bungalow · EX1 1TA
Sold STCListed 352 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
An exceptional opportunity to purchase this two-bedroom link-detached bungalow, conveniently situated within walking distance of Magdalan Road and its extensive array of amenities.
Located in the highly desirable area of St Leonards, the property is being offered for sale with no onward chain.
The bungalow features spacious living areas and presents opportunities for further development, including the loft space, with ladder and light (currently divided into two areas), subject to obtaining any necessary consents and permissions.
The accommodation includes an entrance hall, kitchen, a dual-aspect living room, two double bedrooms, and a generously proportioned conservatory that offers charming views of the garden.
An internal door from the conservatory leads to the single garage. Externally, there is a delightful and well-maintained rear garden with a southerly aspect.
The garden is predominantly laid to lawn, complemented by a patio area and with side access to the front of the property.
Borders are planted with a variety of mature shrubs, with the lower section of the garden including two practical garden sheds.
At the front of the bungalow, there is a private block-paved driveway that provides off-road parking for multiple vehicles. A single garage with an electric roller door provides further parking.
Early internal viewing is strongly advised. Material Information - Construction notes: Awaiting information. Utilities: Awaiting information.
Broadband and Mobile Coverage: For an indication of specific speeds and supply or coverage in the area, we recommend checking with Ofcom by visiting their web site.
Viewing Arrangements - Strictly by appointment with Naomi J Ryan Estate Agents. Referral Fee Disclosure - We recommend sellers and/or potential buyers use the services of The Mortgage Quarter.
Should you decide to use the services of The Mortgage Quarter you should know that we would expect to receive a referral fee of £200 from them for recommending you to them.
You are not under any obligation to use the services and can seek alternative providers of these services. Further information is available on our web site.
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
FAQ
About 36 Spicer Road
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