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See how verdicts work2-bedroom flat · TN21 8NB
Listing removedListed 123 days
Opportunity summary
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About
A superb two bedroom retirement apartment situated on the second floor boasting a south facing aspect.
A spacious lounge has a feature fireplace and a door leading to the kitchen which has integrated appliances. This apartment has two double bedrooms with a large dressing room off the master bedroom.
Ridgeway Court, a McCarthy Stone retirement living development is nestled in Heathfield and features a homeowner's lounge where social events take place, beautiful landscaped gardens and a laundry room.
*Entitlements Advice and Part Exchange available* Entrance Front door with spy hole and doors leading to the bedrooms, living room and bathroom and walk in storage cupboards.
The 24 hour Tunstall emergency response pull cord system is situated in the hall.. Illuminated light switches, smoke detector and apartment security door entry system.
Lounge A well proportioned lounge with wood effect flooring, a feature fire surround and electric fire. TV and telephone points. Two ceiling lights. Raised electric power sockets.
Underfloor heating with individual thermostats by air sourced heat pump. Part glazed door leads into a separate kitchen.
Kitchen Fully tiled and fitted kitchen with a range of modern low and eye level units and drawers with a roll top work surface. UPVC double glazed window.
Stainless steel sink with mono lever tap and drainer. Separate fridge and freezer integrated under counter appliances. Double oven, ceramic hob, cooker hood and integrated slimline dishwasher.
Bedroom One Double bedroom with a door to a spacious dressing room. Ceiling lights, TV and phone point. Window overlooking gardens.
Bedroom Two A double bedroom, window overlooking lawns, ceiling light point, raised electricity sockets.
Bathroom Fully tiled and fitted with suite comprising of bath with shower, Low level WC, vanity unit with wash basin and mirror above. Shaving point, electric towel rail and extractor fan.
There is a washing machine and a condensing tumble dryer housed in the bathroom.
Service Charges Service Charge • Cleaning of communal windows • Water rates for communal areas and apartments • Electricity, heating, lighting and power to communal areas • 24-hour emergency call system • Upkeep of gardens and grounds • Repairs and maintenance to the interior and exterior communal areas • Contingency fund including internal and external redecoration of communal areas • Buildings insurance • Including heating in the apartment.
The service charge does not cover external costs such as your Council Tax, electricity or TV, but does include the cost of your House Manager, your water rates, the 24-hour emergency call system, the heating and maintenance of all communal areas, exterior property maintenance and gardening.
Find out more about service charges please contact your Property Consultant or House Manager. Service Charge: £5,317.58 per annum (up to financial year end 31/03/2026).
Leasehold Lease 125 Years from 01/06/ 2012 Ground Rent £495 ground rent review: 01/06/2027 Ridgeway Court is a Purpose Built Retirement Living Development for the over 60s, built by McCarthy and Stone.
There is a House Manager on site and a 24-hour emergency call system provided via a personal pendant alarm and with call points in the bathrooms, bedrooms and hall.
The apartment features a fully fitted kitchen, lounge/dining room, two bedrooms, en-suite to the master bedroom and a separate bathroom.
The development includes a Homeowners' lounge and landscaped gardens. There is a guest suite for visitors who wish to stay at £25 per a night.
A car parking – permit scheme applies, check with the House Manager for availability. Permits at £250 pa Ridgeway Court is situated in an ideal location in the market town of Heathfield.
The main high street is just a few hundred meters away, with all the services, local shops and amenities you need. There are bus services to Eastbourne or Tunbridge Wells.
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.
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About 38 Ridgeway Court, Mutton Hall Hill, Heathfield
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