Modern Method of Auction
Auction date not yet published
1-bedroom flat · BN20 7QT
For saleListed 82 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Summary A 2nd floor (top floor) conversion with one large double bedroom and views to the Downs.
With no onward chain to worry about, Location: The property enjoys a highly sought after location in the heart of Meads Village High Street with its excellent range of nearby shopping facilities, amenities and bus routes.
Meads seafront is less than a mile away.
Eastbourne town centre with its extensive shopping facilities, theatres, seafront promenade with famous Victorian pier and the mainline railway station (London, Victoria approx.
80 minutes) is approximately one mile away. Accommodation: Communal main front entrance door with security entry-phone system leads to the communal hall.
Stairs lead up to the 2nd floor (top floor) galleried landing with feature skylight. Private door with spyhole to: Entrance hall: L-shaped. Built-in storage cupboard. Trip switches. Tiled floor.
Security entry-phone handset. Lounge / dining room: (rear) Approximately 13'10 max x 11'7. Coved ceiling. Picture rail. Alcove with fitted shelving and storage cupboard. BT point.
Ceiling light and wall lights. Wall mounted slim-line electric heater. Feature UPVC double glazed corner bay window. Door to the shower room / WC.
Open plan to: Fitted kitchen: (side) Approximately 7'4 x 5'8.
Modern contoured marble effect high gloss worksurface with inset single draining stainless steel sink unit with mixer tap, having a cupboard and a washing machine under.
Adjoining worksurface with four drawers under. Fitted electric cooker. Worksurface with cupboard and storage space under. Upright fridge / freezer.
Range of wall cupboards including a glass fronted display unit. Cornice and plinth work to wall units. Stainless steel cooker extractor canopy. Attractive partly tiled walls. Tiled flooring.
Two recessed ceiling spotlights. Two feature windows. Double bedroom: (rear) Approximately 15'3 x 12'11. Wall mounted slim-line electric heater.
Large UPVC double glazed window with lovely views to the Downs.
Shower room / WC: Stylish modern white suite comprising a dual flush WC, glass bowl sink with mixer tap, having storage cupboard under and a walk-in shower cubicle with marble effect panelled walls and a fitted Triton Enrich electric shower unit.
Heated towel rail. Attractive partly tiled walls. Wood effect vinyl type flooring. Extractor. Lease: Approximately 147 years remaining. Ground rent: Nil.
Maintenance: Approximately 1,545.09 per half year. Please Note: Appliances, heating and hot water systems have not been tested.
All Purchasers must seek confirmation from their own solicitor with regards to the exact terms of the lease and the exact charges for any ground rent and maintenance.
Council Tax Band: A Tenure: Leasehold Length of Lease: 147 Annual Service Charge Amount: 3,005.00 Auctioneers Additional Comments Pattinson Auction are referred to as The Auctioneer.
This auction lot is being sold by either conditional (Modern) or unconditional (Traditional) auction terms and overseen by The Auctioneer.
The method of auction sale and the applicable terms and conditions are found on the lot page of this property on The Auctioneers website.
The property is available to view strictly by appointment only via any Marketing Agent or The Auctioneer.
Please be aware that any enquiry, bid or viewing of the subject property will require your details to be shared between any marketing agent and The Auctioneer so that matters can be dealt with effectively.
The property is being sold via a transparent online auction. To submit a bid, all bidders must adhere to a verification of identity process in line with Anti Money Laundering procedures.
Bids can be submitted at any time and from anywhere.
Auctioneers Additional Comments The advertised price is commonly referred to as a Starting Bid or Guide Price and is accompanied by a Reserve Price.
The Reserve Price is confidential to the seller and The Auctioneer and will typically be within a range above or below 10% of the Guide Price or Starting Bid. These prices are subject to change.
An auction can be closed at any time, with The Auctioneer permitting the property (the lot) to be sold prior to the end of the auction.
A Legal Pack associated with this property is available to view upon request and contains details relevant to the legal documentation, enabling all interested parties to make an informed decision prior to bidding.
The Legal Pack will also outline the buyers obligations and sellers commitments.
It is strongly advised that you seek the counsel of a solicitor prior to proceeding with any property and/or Land Title purchase.
Auctioneers Additional Comments In order to secure the property and ensure commitment from the seller, upon exchange of contracts the successful bidder will be expected to pay a non-refundable deposit equivalent to 5% of the purchase price.
The deposit will form part of the purchase price.
A non-refundable reservation fee of up to 6% inc VAT (subject to a minimum fee which could be up to 7,200 inc VAT) is also payable upon agreement of sale.
The Reservation Fee is in addition to the agreed purchase price, and consideration should be given by the purchaser to any Stamp Duty Land Tax liability associated with the overall purchase costs.
Both the Marketing Agent and The Auctioneer may consider it necessary or beneficial to pass customer details to third-party service suppliers, from whom a referral fee may be received.
There is no requirement or obligation to use any recommended suppliers or services.
Value & comps
No previous sales on record.
See the independent valuation, upside vs guide, and per-strategy max bid for this lot. Sign in to see it.
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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All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisors before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
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
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FAQ
About 7, 16, Mead Street, Eastbourne
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