Magdalen Road, Bexhill-On-Sea

This property presents a substantial renovation and investment opportunity, currently configured as a sizable one-bedroom ground floor flat alongside multiple bedsits. The strategic layout includes approved planning permission for the development of three flats: two two-bedroom units on the ground and first floors, with a one-bedroom top-floor flat. While the existing structure retains its Victorian charm, it requires significant refurbishment to unlock its full potential. Features include gas central heating and private gardens at both the front and rear. The current rental income from the various living spaces suggests promising returns, with total estimated annual revenue around £30,000. This makes it an attractive prospect for cash buyers seeking to capitalize on a redevelopment project in a desirable area of Bexhill-on-Sea.