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Terrace Road, St Leonards-on-Sea TN37

South East

£160,000
Listed on 03/10/2025

Property Details

Bedrooms
2
Type
Flat

Description

This two-bedroom flat, situated on the first floor of a charming period building, presents an exciting opportunity for those looking to invest in a property with renovation potential. Located in the desirable Warrior's Square area, this unit is being sold vacant, allowing for immediate possession without any onward chain. The interior layout includes an entrance hall that leads from a grand communal space equipped with a telephone intercom system. A spacious lounge area features a loft hatch, while the kitchen/diner is fitted with modern amenities including an integrated electric oven, hob, and extractor fan, as well as a fridge-freezer. There’s ample room for additional appliances and dining furniture, catering to both cooking and entertaining needs. The flat offers two generously sized bedrooms and a contemporary bathroom featuring a shower over the bath. One of the standout aspects of this property is its proximity to the seafront promenade and local amenities, which include shops and public transport links. A nearby mainline train station provides convenient access into London, making it appealing for commuters and enhancing its rental potential. With its need for refurbishment and modernization, this flat is particularly suited for first-time buyers eager to imprint their own style or investors interested in capitalizing on the local rental market. Given its promising location and renovation potential, early viewings are advisable for those looking to make an informed investment decision. ADDITIONAL INFORMATION: - Council Tax Band: A - Local Authority: Hastings - Lease Term: 198 years from 25 September 1986 - Possession: Vacant upon completion Please contact us to schedule a viewing appointment.

Investment Analysis

(TN37 area)
Area Average
£314/sq ft
Avg Rent (weekly)
£233
Avg Yield
4.0%

Renovation Potential

Est. Renovation Cost
£16,000 - £40,000
10-25% of property value
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

Terrace Road, St Leonards-on-Sea TN37
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