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See how verdicts work2-bedroom flat · BN26 6QJ
Sold STCReduced £10k (−5.4%) on 26 OctListed 379 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
NEW LEASE & GREAT POLEGATE LOCATION! A two bedroom ground floor flat located in a quiet residential location in Polegate. Within close proximity to Polegate high street and mainline railway station.
Offered to the market CHAIN FREE!
Move Sussex Estate Agents are pleased to bring to the market this two bedroom ground floor flat located in a well maintained purpose built block in Polegate close to the high street and train station.
The property is offered to the market chain free and accommodation comprises entrance hall with storage cupboards, lounge/diner, kitchen, bathroom and two double bedrooms.
There is an allocated car parking space aswell as well kept communal gardens. The property is double glazed and has electric heating.
ACCOMMODATION COMMUNAL ENTRANCE HALL Front door to: PRIVATE ENTRANCE HALL Two storage cupboards, electric heater. LOUNGE 4.86m(15'94) x 2.70m(8'85) Double aspect, electric heater.
KITCHEN 3.72m(12'20) x 1.58m(5'18) Single drainer sink with mixer tap, range of work surface with drawers and cupboards under and matching wall units above, built in cooker, four ring electric hob with extractor above, space for fridge freezer, space for dish washer, partly tiled walls.
BEDROOM ONE 3.68m(12'07) x 2.46m(8'07) Electric heater. BEDROOM TWO 3.62m(11'87) x 1.90m(6'23) Electric heater.
BATHROOM Panelled bath with shower above, pedestal wash hand basin, bowl wave wc, extractor fan, electric heater, light with shaver point, partly tiled walls.
OUTSIDE The property is set within well kept communal grounds. PARKING There is an allocated parking space to the rear as well as visitors parking spaces.
Notes from homeowner: MAINTENANCE CHARGE - Approximately £599.64 every 6 months GROUND RENT - Approximately £42.50 every 6 months LEASE - The homeowner has agreed to provide a new lease of 125 years upon completion of the sale.
EPC = E COUNCIL TAX - The property is in Band B. The amount payable for 2025 is £2042.74. This information is taken from voa.gov.uk and Wealden Council Website.
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
Agent & docs
FAQ
About Honeycrag Close, Polegate, East Sussex, BN26
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