1-bedroom flat · TN31 7AY
Sold STCListed 232 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Barnaby Osborne in Partnership with Nested welcome to the market, offered For Sale CHAIN FREE, this one bedroom, second floor, retirement apartment located in Central Rye.
Found directly opposite the lift on the second floor, the accommodation comprises, entrance hall with storage cupboard, bedroom, shower room, lounge with space for dining table and a kitchen directly off the lounge.
Communal facilities are available including a communal lounge, laundry room, courtyard garden and a guest suite is available for guests.
EPC Rating: B Communal Entrance & Hallway Carpeted, stairs to all floors, lift rising to all floors, house manager office.
Entrance Hall Carpeted, emergency pull cord system, storage cupboard housing fuseboard and meters. Doors to lounge, bedroom and shower room.
Lounge 3.22m x 5.24m Carpeted, double glazed bay window to front with views to Mermaid Street & The Strand, fireplace with potential for electric fire, space for dining table.
Access to: Kitchen 1.64m x 2.23m Lino flooring, range of matching wall and base units with in-built Hotpoint oven, worktop over with stainless steel sink with side drainer, in-built Zanussi induction hob, space for undercounter fridge, space for undercounter freezer.
Bedroom 2.64m x 4.25m Carpeted, double glazed window with views towards Strand Quay, electric radiator, fitted wardrobe with mirrored doors.
Shower Room 1.62m x 2.05m Tiled floors and fully tiled walls, large corner shower unit, wash hand basin with storage below, low level WC, heated towel rail, extractor fan.
Communal Lounge Located on the ground floor with access to garden and kitchenette. Communal Laundry Room Well equipped with a range of washing machines and dryers.
Ironing facility and outside drying area. Communal Garden/Courtyard There are well kept communal gardens and a walled courtyard. Guest Suite A bookable guest suite is available.
Please contact the house manager for details. Agents Note Strand Court was constructed by McCarthy & Stone Ltd and comprises 49 apartments arranged over four floors each served by a lift.
The house manager can be contacted from various points within each property in a case of emergency.
For periods when the house manager is off duty there is a 24 hour emergency Care Line response system.
There is a condition of purchase that residents be over the age of 60 years or in the event of a couple, one must be over 60 and the other over 55.
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
Agent & docs
FAQ
About Strand Quay, Strand Court Strand Quay, TN31
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