2-bedroom flat · BN21 4BX
Sold STCReduced £20k (−7.1%) on 24 MayListed 337 days
Opportunity summary
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About
HUNT FRAME ESTATE AGENTS are proud to offer this CHAIN FREE APARTMENT which ENJOYS SOME OF THE FINEST SEA VIEWS IN EASTBOURNE this FRONTLINE PROPERTY, is located on the SECOND FLOOR of this PRESTIGIOUS PURPOSE BUILT BLOCK with TWO BEDROOM accommodation that includes TWO BALCONIES, a REFITTED KITCHEN and a REFITTED BATHROOM (with VIRTUAL TOUR).
Offered to the market CHAIN FREE by SOLE AGENTS HUNT FRAME and RARELY AVAILABLE. Enviably located just to the west of Eastbourne town centre and directly on Eastbourne's seafront.
Close to the town's popular theatres and Town Centre which provides a principal shopping thoroughfare and newly constructed Beacon Centre, as well as mainline rail services to London Victoria.
Sporting facilities in the area include both indoor and outdoor tennis, three golf courses and one of the largest sailing marinas in the South East.
DETAILED ‘KEY FACTS FOR BUYERS’ ARE AVAILABLE IN THE LINK BELOW Entrust Hunt Frame’s experienced property professionals with the sale or letting of your property, delivering the highest standards of service and communication.
Communal Entrance - Remote fob entrance, communal stairs and lift to the upper floors.
Hallway - Parquet flooring, storage cupboard, video entryphone system, telephone point, doors off to the sitting room, both bedrooms, bathroom and kitchen.
Sitting Room - Stunning sea and coastal views over the lawned seafront gardens, electric radiator, double glazed door to the balcony.
Refitted Kitchen - Refitted with a range of gloss fronted cupboards with a range of work surfaces, inset stainless steel sink unit with mixer, integrated appliances to include an electric fan oven with hob and extractor unit above, integrated fridge and freezer, plumbing and space for a washing machine and dishwasher, fitted larder cupboard, integral rubbish shute, airing cupboard with the hot water cylinder, double glazed window to the rear elevation, with a double glazed allowing access to the balcony 2 and service lift.
Bedroom 1 - Double glazed window to the front aspect with glorious direct views over the promenade, coast, down towards to the pier and beyond and to the west across the wish tower slopes and up to Holywell and Meads, electric radiator.
Bedroom 2 - Double glazed window to the rear elevation, electric radiator.
Refitted Bathroom - Comprising of a white suite of a panelled bath with shower attachment over, wash hand basin, low level Wc, heated towel rail, part tiling to walls, double glazed window.
Balcony 1 - Commanding lovely sea and coastal views. Balcony 2 - Overlooking the rear aspect of the building with partial views.
Outgoings - LEASE: 999 YEARS WITH A SHARE IN THE FREEHOLD DRAWN UP ON 25/12/1989 - 965 YEARS REMAINING MAINTENANCE: APPROX £4000 PER ANNUM tbc 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.
Area
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About King Edwards Parade, Eastbourne
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