Modern Method of Auction
Auction date not yet published
Studio flat · BN20 7RG
For saleReduced £10k (−14.3%) on 6 OctListed 141 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Situated in the highly desirable Meads area of Eastbourne, this well-presented first-floor studio flat offers convenient and low-maintenance living in one of the town's most sought-after locations.
The accommodation comprises a bright and versatile living space featuring a kitchen worktop area with integrated storage, providing a practical layout that maximises the available space.
The property also benefits from a fitted bathroom with a shower over the bath.
Meads Street is renowned for its attractive surroundings and excellent local amenities, with an array of independent shops, cafés and everyday conveniences just moments away.
The property is ideally positioned for easy access to Eastbourne's seafront, town centre and mainline transport links, making it an excellent choice for commuters and those looking to enjoy all that the area has to offer.
This property would be ideally suited to a Single occupant preferred, commuter or anyone seeking a well-located home in one of Eastbourne's most desirable neighbourhoods.
Auctioneer Comments This property is for sale by Modern Method of Auction allowing the buyer and seller to complete within a 56 Day Reservation Period.
Interested parties’ personal data will be shared with the Auctioneer (iamsold Ltd). If considering a mortgage, inspect and consider the property carefully with your lender before bidding.
A Buyer Information Pack is provided, which you must view before bidding. The buyer will pay £349 inc VAT for this pack.
The buyer signs a Reservation Agreement and makes payment of a Non-Refundable Reservation Fee of 4.5% of the purchase price inc VAT, subject to a minimum of £6,600 inc VAT.
This Fee is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price. The Fee is considered within calculations for stamp duty.
Reception Room (4.60m x 3.56m (15'1" x 11'8")) Bathroom (2.18m x 1.37m (7'2" x 4'6")) Lease Information The seller advises that the property is offered with a new lease and offered as a leasehold property which will have approximately 990 years on the lease with the service charge being, pay as and when.
The agent has not had sight of confirmation documents and therefore the buyer is advised to obtain verification from their solicitor or surveyor.
Value & comps
No previous sales on record.
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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 starting price
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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 Flat 1, 38, Meads Street, Eastbourne
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