1-bedroom flat · BN27 2PT
Sold STCListed 283 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A delightful opportunity to purchase a well-presented, first-floor apartment within a purpose-built retirement development for the over 60s.
Tucked away at the rear of the building, the flat enjoys a peaceful position with attractive, leafy views from its windows.
Inside, the accommodation has been thoughtfully arranged and includes a welcoming entrance hall leading through to a bright living room.
An open archway connects to the recently installed kitchen, finished in a modern, neutral style.
The double bedroom is generously proportioned and benefits from a fitted double wardrobe, while the adjoining shower room accessible both from the bedroom and hallway provides convenience as well as privacy.
Residents can reach the first floor via either the staircase or a fitted stair lift.
Parking is available on a first come, first served basis, and the location couldn’t be more convenient, being only a short stroll from the town centre and its excellent range of amenities.
Additional features include Economy 7 heating, a lease length of approximately 62 years, and service charges of around £400 per month.
According to the sellers, this charge covers a wide range of services such as ground rent, water, building insurance, maintenance of communal areas, stairlift servicing, window cleaning, and more.
Offered with no onward chain, this low-maintenance home is an excellent choice for those seeking comfort, security, and ease of living in retirement.
EPC Rating: C Location The property is located in the town of Hailsham in the heart of East Sussex, with local primary schools and amenities.
Hailsham is the adjoining town with a bustling high street with boutique shops and large chains and is well served by local primary and secondary schools.
The south down is within a short drive with rolling hills and countryside and the larger coastal town of Eastbourne is 8.5 miles away with mainline train station to London
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 Flat 17, Mill Lodge Mill Road, Hailsham
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