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Alexandra Road, St. Leonards-On-Sea

South East

£485,000
Listed on 09/11/2024

Property Details

Bedrooms
4
Type
Semi-detached house
Area
1496 sqft

Description

This Victorian semi-detached property offers a compelling opportunity for renovation and investment, situated in a highly desirable area that boasts both character and convenience. With four spacious bedrooms spread over four storeys, this home presents a versatile living space that can be tailored to suit various needs. The interior features include modern amenities such as UPVC double-glazed windows and gas-fired central heating, ensuring comfort throughout the year. The ground floor accommodates two generously sized double bedrooms alongside a well-appointed bathroom. The first floor mirrors this layout with two additional double bedrooms, providing ample space for families or potential rental opportunities. On the lower levels, the layout is particularly appealing for reconfiguration or expansion. Access to a small front courtyard leads into a welcoming living room and a separate dining room, both benefiting from natural light through large windows. The kitchen is efficiently designed with ample storage and preparation space, while the utility room offers practical features like plumbing for appliances. A shower room with WC adds to the functionality of this area. A standout feature is the beautifully landscaped rear garden that includes a large stone patio, ideal for outdoor entertaining, complemented by a section of lawn for relaxation. Gated side access ensures ease of movement around the property, while an insulated timber-framed cabin currently serves as a cinema and games room but holds potential as an office or studio. The location further enhances this property's appeal; it lies within walking distance of Warrior Square railway station, independent shops on Kings Road and Norman Road, as well as St Leonards' seafront promenade. With possibilities for extending into loft spaces or adding complementing structures (subject to planning permissions), this property not only offers immediate liveability but also significant renovation potential to increase value over time. Overall, this Victorian family home requires viewing to fully appreciate its layout and possibilities in an increasingly sought-after neighborhood. The combination of spacious living areas, outdoor amenities, and investment potential makes it an intriguing option for both homeowners and investors alike.

Investment Analysis

(TN37 area)

Above Market Value

This property is priced +3.1% above area average per sq ft

+3.1%
This Property
£324/sq ft
Area Average
£314/sq ft
Avg Rent (weekly)
£233
Avg Yield
4.0%

Renovation Potential

Est. Renovation Cost
£48,500 - £121,250
10-25% of property value
Target Value
£517,459
10% above area average per sq ft
Potential ROI
-14.6%
After renovation
Monthly Sales
13
Average per month
Market Turnover
15%
Properties sold annually

Local Market Trend (TN37)

Area prices are falling by +2.6% over the last 12 months
3 year growth: 7.7%
5 year growth: 21.9%
Investment Disclaimer: Analysis based on TN37 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

Alexandra Road, St. Leonards-On-Sea
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