3-bedroom flat · BN22 7FG
Listing removedListed 606 days
Opportunity summary
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About
A superb penthouse apartment with glorious views over eastbourne, the coast and beyond (with virtual tour).
Superbly appointed, upgraded and refurbished to include a stunning southerly facing roof terrace, wonderful reception space, a modern kitchen and three bedrooms with a luxury en-suite and family bathroom.
Extending to approximately 1300 sq ft in size. Coming highly recommended by Hunt Frame.
The property is well placed for a range of facilities at Sovereign Harbour as well as local shopping facilities and the seafront.
Eastbourne town centre provides a range of services including the newly refurbished shopping centre and main line rail services to London Victoria and to Gatwick.
Sporting facilities include 3 principal golf courses and there is scenic downland countryside within the South Downs National Park to the west of Eastbourne.
Detailed ‘key facts for buyers’ are available in the link below Entrust Hunt Frame’s experienced property professionals with the sale of your property, delivering the highest standards of service and communication.
Communal Entrance Communal entrance with stairs and lift to the upper floors. Entrance door to hallway.
Hallway Extremely impressive entrance hall being 22 foot length with replacement wood effect laminate flooring, recessed ceiling lighting, radiator, entry phone system, large walk in boiler cupboard with Ideal boiler, second large storage/cloaks cupboard with consumer unit, doors off to the reception area, bedrooms and bathroom.
Sitting/Dining Room (9.07m max x 4.83m max (29'9 max x 15'10 max)) Of excellent proportions with significant, far reaching views which overlook the expansive terrace, Princes Park, the coast and towards the South Downs, wood effect laminate flooring, ample space for seating and dining, dual aspect with UPVC double glazed windows to both the side and rear elevations, all with stunning far reaching views.
Kitchen (3.10m x 2.06m (10'2 x 6'9)) Refitted by the current owners and comprising of contemporary floor standing and wall mounted units in contrasting colours, complementary worktop space, inset sink unit with mixer tap, plumbing and space for a washing machine, integral dishwasher, eye level double ovens with matching microwave, space for an upright fridge freezer, contemporary extractor fan above a Neff induction hob, open to the dining and seating areas.
Master Bedroom (5.13m x 3.30m (16'10 x 10'10)) Of spacious proportions with a UPVC double glazed window to the side elevation with distant sea views, radiator, doors to the walk in dressing room and en-suite facility.
Dressing Room (2.46m x 1.68m (8'1 x 5'6)) Walk in dressing room with shelving, hanging and storage space.
En-Suite Refitted by the current owners and providing a large enclosed shower cubicle with sliding door to the front with shower unit (fully tiled), large wash hand basin in a vanity unit with cupboards and drawers beneath with a complimentary tiled splashback, fitted mirror, low level WC, tile effect replacement flooring, upright ladder style radiator, extractor fan.
Bedroom 2 (3.28m x 3.10m (10'9 x 10'2)) UPVC double glazed window to the side elevation, radiator. Bedroom 3 (3.10m x 3.10m (10'2 x 10'2)) UPVC double glazed window to the side elevation, radiator.
Family Bathroom Again refitted by current owners with a panelled bath with mixer tap and shower attachment, replacement wall mounted sink unit with vanity cupboard beneath, complementary tiled splashback, mirrored cabinet, low-level WC, extractor fan, replacement flooring, upright ladder style radiator.
Roof Terrace (9.14m x 3.56m (30'0 x 11'8)) Expansive roof terrace with unrestricted views over Princess Park, the coast and towards the South Downs, considered excellent for seating and entertaining.
Parking Allocated under croft parking. Outgoings Maintenance: Approx £3700 per annum inclusive of the water supply, waste water and sewage, buildings insurance and under croft parking maintenance.
Lease: 125 years from 01/01/2009 - 108 years remaining ground rent: Fixed at £295 council tax band: D Anti Money Laundering Regulations By law, we are required to conduct anti-money laundering checks on all potential buyers and sellers, and we take this responsibility very seriously.
In line with hmrc guidelines, our trusted partner, Coadjute, will securely manage these checks on our behalf.
Once an offer is accepted (subject to contract), Coadjute will send a secure link for you to complete the biometric checks electronically.
A non-refundable fee of £45+ VAT per person will apply for these checks, and Coadjute will handle the payment for this service.
These anti-money laundering checks must be completed before we can send the memorandum of sale to the solicitors to confirm the sale.
Please contact the office if you have any questions in relation to this.
Disclaimer: Whilst every care has been taken preparing these particulars their accuracy cannot be guaranteed and you should satisfy yourself as to their correctness.
We have not been able to check outgoings, tenure, or that the services and equipment function properly, nor have we checked any planning or building regulations. They do not form part of any contract.
We recommend that these matters and the title be checked by someone qualified to do so.
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 Penshurst House, Groombridge Avenue, Eastbourne
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