2-bedroom flat · BN24 6BT
Listing removedListed 462 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Price guide £190,000 - £220,000 watch the film and 3D tour and view expert photography at (all provided free for all our sellers) If a life by the beach appeals to you then this flat should be on your radar.
Situated on the ground floor, this 2 bedroom flat is (almost literally) just a stone's throw from the beach.
Boasting good sized rectangular rooms and plenty of natural light, this bright and airy property makes a wonderful home.
Additionally the flat owns a small area of private garden which (subject to the necessary consents) could be a private patio or garden from your living room adding another dimension to the home.
Others have done it and it looks great! The remainder of a 999 year lease mean there's nothing to worry about there, the only question is when can you move in?
*979 Years Remaining on Lease *£115 Per Month - Maintenance Charge * Information Provided by Seller* Living/Dining Room - 15' 10" x 12' 4" 15' 10" x 12' 4" (4.83m x 3.76m) Kitchen - 10' 10" x 8' 5" 10' 10" x 8' 5" (3.30m x 2.57m) Bedroom 1 - 14' 4" x 11' 3" 14' 4" x 11' 3" (4.37m x 3.43m) Bedroom 2 - 10' 3" x 10' 1" 10' 3" x 10' 1" (3.12m x 3.07m)
Value & comps
No previous sales on record.
Returns
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We're still gathering serviced-accommodation data for this area.
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 2 Martello Court, Grenville Road, Pevensey
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