1-bedroom house · TN40 1PZ
Sold STCReduced £5k (−7.2%) on 2 AprListed 263 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
**CHAIN FREE** Burgess & Co are delighted to bring to the market this well presented one bedroom first floor purpose built retirement flat, ideally located within walking distance of bus services, mainline railway station and all the amenities in Bexhill Town Centre, as well as the seafront.
The accommodation comprises a 19'8 living room with rooftop views, a fitted kitchen, a large double bedroom and a shower room/w.c.
Further benefits include electric heating, double glazing and an entry phone system.
Homehill House itself offers a number of additional facilities such as a communal residence lounge, laundry room, guest suite, 24hrs emergency pull cord system, on site manager and being set within well kept communal grounds.
The property has the added benefit of residents parking requiring a yearly permit, subject to availability. Cash Buyers Only. Viewing is highly recommended.
Communal Entrance - With stairs and lift leading to all floors.
First Floor - With private front door to Entrance Hall - With 24hr emergency pull cord, entry-phone system, large storage cupboard housing consumer unit, electric meter & cylinder.
Living Room - 5.99m x 3.20m (19'8 x 10'6) - With 24hr emergency pull cord, two wall lights, electric heater, double glazed tilt & turn window to the side with rooftop views.
Archway to Kitchen - 2.24m x 1.65m (7'4 x 5'5) - Comprising matching range of wall & base units, worksurface, inset sink unit, tiled splashbacks, space for cooker, space for fridge/freezer, 24hr emergency pull cord.
Bedroom - 4.57m x 2.64m (15'0 x 8'8) - With electric heater, 24hr emergency pull cord, fitted wardrobes, double glazed tilt & turn window with rooftop views.
Shower Room - Comprising heated towel radiator, double shower cubicle with seat & Mira electric shower, low level w.c, vanity unit with inset wash hand basin, vanity mirror, electric heater, extractor fan, 24hr emergency pull cord.
Nb - There is the remainder of a 99 year Lease from 1 September 1982. We have been advised that the service charge is £2,803.82 per annum and the ground rent is £449.25 half yearly.
All residents have to be 60 years old or over. Homehill House benefits from communal facilities including a guest suite, communal lounge with access to patio garden and laundry room.
Council tax band: B
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
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FAQ
About Cranfield Road, Bexhill-On-Sea
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