1-bedroom house · BN22 7JQ
Listing removedListed 172 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Brook Gamble offer to the market this well presented chain free ground floor retirement apartment in the popular Sovereign Court development.
Located close to Eastbourne Seafront, in the Redoubt area of Eastbourne, the flat benefits from electric heating and uPVC double glazing.
Sovereign Court offers communal facilities including a residents Lounge and laundry facilities as well as a communal garden and residents parking facilities.
Communal Entrance - Communal front door with entryphone system to Communal Entrance Hall.
Entrance Hall - Private front door to L-shaped Entrance Hall; with wall lights, entry phone handset, linen cupboard with insulated cylinder and slatted shelving.
Lounge - 4.47m x 3.40m (14'8 x 11'2) - Night storage heater, wall lights, UPVC double glazed window to front.
Kitchen - 2.29m x 2.29m (7'6 x 7'6) - Single drainer sink unit with mixer taps and cupboard below.
Further range of drawers and base units with working surfaces over, incorporating four ring electric hob with cooker hood above.
Space for fridge, further appliance space, built in electric oven, wall units, part tiling to walls.
Bedroom - 4.50m x 2.49m (14'9 x 8'2) - Built in mirror fronted sliding wardrobe cupboard with clothes rail and shelving. Wall lights, night storage heater, UPVC double glazed window to front.
Bathroom - Suite comprising panelled bath with mixer taps and handheld shower attachment.
Low flush WC, pedestal wash basin, heated towel rail, light and shaver point, wall mounted electric heater, part tiling to walls.
Sovereign Court benefits from a Residents Lounge and Laundry Facilities, along with a Communal Garden and Residents parking facilities.
Other Information - The vendor advises the following, though we have not seen a copy of the lease: Lease: 99 from 1998 Ground Rent: £150pa Maintenance: £719 per quarter
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.
Area
Agent & docs
FAQ
About Wannock Road, Eastbourne
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