2-bedroom house · TN5 7PY
Sold STCReduced £10k (−10%) on 2 SepListed 498 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
This first floor retirement flat sits in a lovely location near the popular village of Ticehurst and Bewl Water. The master bedroom and second single bedroom both have fitted wardrobes.
There is a living room with view of the communal garden, a wet room style bathroom and a kitchen that is in need of modernisation.
Downash Court benefits from a residents lounge, communal laundry and kitchen.
The Development Manager visits the complex twice a week, and there is an option for a 24 hour emergency call system so residents can easily get assistance if required.
It is a condition of purchase that residents need to be over the age of 55. Well maintained communal garden. Residents and visitor parking.
Double glazing throughout, modern electric heating, EPC band C. Council tax band C. Good storage with two landing cupboards and access to boarded loft. Tenure: Leasehold. Pets are allowed. No Chain.
Viewing highly recommended. Living Room (13' 1'' x 11' 5'' (4m x 3.48m)) The living room has a double glazed window that overlooks the communal garden.
There is a TV point, telephone point and an electric storage heater. There is an entry phone for the front door and some fitted shelving.
Fitted Kitchen (8' 10'' x 8' 0'' (2.68m x 2.44m)) The kitchen is in need of modernisation.
There is a stainless steel sink with mixer tap, and a good range of wall and base kitchen cupboards providing plenty of storage. The room has a double glazed window with garden views.
Master Bedroom (10' 10'' x 9' 9'' (3.3m x 2.96m)) The master bedroom has a fitted wardrobe cupboard, a double glazed window with garden views, an entry phone system and an electric storage heater.
Bathroom The wet room style bathroom has a wall mounted sink, a WC, and a walk in shower.
There is a stainless heated towel rail, a mirror with shelf and shaving socket, and a wall mounted cabinet with mirror door. The room has a frosted double glazed window and an extractor fan.
Bedroom 2 (11' 5'' x 7' 1'' (3.48m x 2.16m)) The second bedroom has a fitted wardrobe cupboard and a double glazed window with a view of the communal garden.
The room has an electric storage heater, a telephone point, some fitted shelving and a desk.
Storage & Loft The flat has a surprising amount of storage with fitted cupboards in both bedrooms, two storage cupboards on the landing, and access to the loft. The loft is boarded.
There is a light, some fitted shelving and a loft ladder. Communal Garden The flat overlooks the communal garden which is well maintained.
There is a central garden area that is mainly laid to lawn with paths and seating. Location Local shopping is available in the neighbouring village of Ticehurst, 1.4 miles away.
Nearby there are bus routes to Tunbridge Wells, Wadhurst and Hawkhurst. The mainline stations at Stonegate and Wadhurst are 4.5 and 6.5 miles away respectively.
Lovely country walks are close by at Bewl Water. Parking There is parking on a first come first served basis, and visitor parking. EPC & Council Tax Energy Performance Certificate band C.
Rother council tax band C Lease, Service Charge & Ground Rent The property is being sold with a new 99 year lease on completion. The current service charge is £250 per month or £3000 pa.
There is no ground rent. Ownership Notes The purchase price represents 70% of the open market value, as per the terms of the original development.
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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FAQ
About 16 Downash Court, Rosemary Lane, Wadhurst
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