2-bedroom flat · NR26 8JT
For saleListed 98 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Forming part of a Victorian Town House is this beautifully proportioned ground floor apartment just a stone's throw from the promenade and beach.
Equally suitable for both permanent or holiday use, the property is also a level walking distance from the Town Centre which offers a wide range of shops and restaurants.
The light and airy accommodation has the benefit of gas fired central heating and sealed unit glazing in UPVC frames.
The accommodation is well-presented throughout offering two bedrooms and a contemporary kitchen and bathroom.
An added bonus is the west facing courtyard which forms an attractive sun trap during the summer months. A wonderful opportunity for those seeking a home by the sea.
Communal Entrance Hall - With securely locked door. Stairs to first and second floors.
Private Entrance Hall - Glass panelled entrance door, wood laminate flooring, radiator, two built in storage cupboards, one cupboard housing pressurised water cylinder with immersion heater.
Lounge/Dining Room - A beautifully proportioned room with wide bay window to the front aspect with fitted wooden blinds, period fire surround with open fire recess, two radiators, provision for TV, 4 wall light points.
Bedroom 1 - A light room with glazed casement door and windows to west facing aspect, polished wood floor, range of fitted wardrobe cupboards with store cupboards above, radiator.
Kitchen - A contemporary range of shaker style base and wall cabinets with laminated work surfaces and tiled splashbacks, inset electric hob with oven beneath and filter hood above, inset stainless steel sink unit, integrated dishwasher, integrated refrigerator, vertical radiator, part glazed door and window to rear aspect, extractor fan.
Bedroom 2 - Radiator, window to courtyard.
Bathroom - Panelled bath with mixer shower and glass shower screen, concealed cistern w.c., vanity wash basin with cupboards beneath, illuminated mirror, metro tiling to walls, chrome heated towel rail.
Outside - West facing courtyard with paving and shingled area, raised flower bed and timber GARDEN SHED. Pedestrian access to rear.
Agents Note - The property is offered with the balance of a 999 year lease and a 1/4 share of the freehold. Current Service Charge is £1500 pa. The property has a Council Tax Rating of Band C.
The property was subject to a recent survey report which identified some areas of dampness.
A report is available, with costings, which have been taken into account with the pricing strategy of the property.
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.
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