2-bedroom flat · NR26 8LJ
Sold STCListed 225 days
Opportunity summary
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About
An excellent opportunity to acquire a beautifully presented apartment in a highly favoured location just a stone's throw from the beach and Town Centre.
Gas central heating is installed throughout and the property has been fitted with high quality, sealed unit windows in UPVC frames.
The apartment is located on the second floor of this attractive building which features the highly skilled construction style of knapped flint and brick elevations.
There are three apartments in total each with a parking space at the rear. Ground Floor Porch - With composite entrance door opening to: Communal Hallway - With stairs to first and second floors.
Further, part glazed door opening to: Private Entrance Hall - Radiator, access to loft space. Lounge - Two UPVC sash windows to front aspect, radiator, provision for wall mounted TV.
Bedroom 2 - Two UPVC sash windows to front aspect, radiator, fitted storage cupboard. Bedroom 1 - Period fireplace, radiator, window to side access, fitted storage cupboard.
Kitchen/Dining Room - A beautifully proportioned and light room with windows to both side aspects. Comprehensive range of base and wall cabinets with laminated work surfaces and tiled splashbacks.
Inset electric hob, built in electric double oven, provision for dishwasher and washing machine, fitted store cupboard, further built in boiler/store with wall mounted gas boiler providing central heating and domestic hot water.
Radiator. Lobby - Window to side aspect. Separate W.C., - Window to rear, wash basin, close coupled w.c.
Bathroom - Exceptionally well-appointed with a full suite of panelled bath, wall hung wash basin, concealed cistern w.c., double width shower cubicle with mixer shower, radiator, wall tiling, heated towel rail.
Window to rear aspect. Outside - The property has the benefit of an off-road parking space at the rear, approached over a small service road.
Agents Note - The property is held on the benefit of a 125 year lease from 2008 with 107 years remaining. Current Ground Rent £100. Current Service Charge £1200 to include buildings insurance.
All mains services are connected and the property has a Council Tax Rating of Band B.
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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