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Richland Close, Hastings

South East

£229,950
Listed on 20/10/2025

Property Details

Bedrooms
2
Type
Detached house
Area
621 sqft

Description

This two-bedroom semi-detached bungalow presents a noteworthy opportunity for those looking to invest in a property with significant renovation potential. The home is currently in need of a comprehensive update, allowing buyers the chance to transform it according to their personal vision and specifications. The layout includes a spacious living room, two generously sized bedrooms, a kitchen that can be reconfigured to better suit modern living, and a shower room. The property's structure provides a solid base for renovation projects. There is also off-road parking available at the front, alongside a private rear garden that holds promise for outdoor enhancements or landscaping to create an inviting space. Located in a well-regarded residential area, this bungalow benefits from close proximity to local amenities, public transport options, and educational institutions. These factors not only enhance daily living but also contribute to the property’s long-term investment potential. With possibilities for both refurbishment and expansion (subject to necessary permissions), this bungalow offers an excellent canvas for those willing to invest time and resources into creating a stylish and comfortable home. This property stands out as an ideal choice for investors or individuals eager to embark on a rewarding renovation journey.

Investment Analysis

(TN35 area)

Above Market Value

This property is priced +10.0% above area average per sq ft

+10.0%
This Property
£370/sq ft
Area Average
£337/sq ft
Avg Rent (weekly)
£305
Avg Yield
4.3%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£229,966
10% above area average per sq ft
Potential ROI
-14.8%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
10
Average per month
Market Turnover
6%
Properties sold annually

Local Market Trend (TN35)

Area prices are rising by +2.7% over the last 12 months
3 year growth: -4.5%
5 year growth: 17.2%
Investment Disclaimer: Analysis based on TN35 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. 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

Richland Close, Hastings
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£842
Based on a loan of £172,462 over 30 years at 4.19% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE