280 Battle Road, St. Leonards-on-Sea, East Sussex, TN37 7BA

Description

Well located freehold block of flats, internally arranged to provide ten self-contained flats. Nine flats are vacant and one flat is subject to being sold off on a long lease. Vacant possession.

Accommodation

Ten self-contained flats comprising one 1-bedroom flat and nine 2-bedroom flats.

Location

The property is situated on the east side of Battle Road. Local shops and amenities are available along Battle Road, with the further facilities of Hastings and St Leonards-on-Sea also accessible to the south. Hastings station is approximately 2.5 miles to the south east. St Leonards-on-Sea station is within easy reach. The A21 and A259 are easily accessible. St Leonards-on-Sea and Hastings beaches are approximately 3 miles to the south.

Tenure / Property Information

Investment Analysis

The property is a freehold block arranged as ten self-contained flats: one 1-bedroom flat and nine 2-bedroom flats. Nine flats are vacant, while one flat has been sold off on a long lease. The £650,000+ guide is the only supplied pricing evidence; there are no completed sales, formal valuation, condition report, EPC, buyer premium, administration charge or quantified seller costs. GDV and investment value cannot therefore be reliably estimated. The only rental evidence is one advertised asking rent of £1,200 pcm for a 2-bedroom property in St Leonards-on-Sea, which is insufficient to establish total block income or a reliable rental range.

Investment Snapshot

Strategy Recommendation

Do not bid on the supplied evidence alone. First obtain the legal pack, lease and title information, inspect all accessible areas, establish achievable rents and obtain a block valuation and full cost plan. Consider income-hold or refurbishment-led resale only after these checks.

Works Required

No specific works are evidenced. Obtain a full inspection and verify the condition, compliance, services, common parts, vacant flats and car park before budgeting any refurbishment.

Rental & Market Context

Potential BRRR Position

The block has substantial vacant accommodation, which may offer a refurbishment and refinance opportunity, but no condition, works budget, completed-sale evidence or GDV is supplied. The long-lease flat also affects the freehold income and valuation. A BRRR decision should wait for inspections, lease review, rental evidence and a lender-acceptable valuation.

Buy-to-Let Analysis

A BTL appraisal cannot be completed reliably. One advertised £1,200 pcm asking rent is supplied for a 2-bedroom property, but there is no evidence for the other eight 2-bedroom flats, the 1-bedroom flat, operating costs, compliance costs, voids or the long-lease flat's income. Total annual rent and gross yield are therefore unsupported.

Flip Analysis

A flip appraisal cannot be quantified because there is no supported GDV, refurbishment allowance, resale cost allowance or comparable-sales evidence. The property comprises multiple flats rather than a single straightforward resale unit, and one flat is already sold off on a long lease.

Investor Risks & Due Diligence

• Nine flats are vacant, creating letting, void and initial operating risk.

• One flat has been sold off on a long lease, so the freehold income and control of that unit require legal review.

• No condition, EPC, heating or compliance information is supplied.

• Only one advertised asking rent is provided and it is not evidence of achieved rent or total block income.

• Buyer premium, administration charges and other seller or third-party fees are unspecified.

• No completed-sale comparables or formal GDV evidence are supplied.

Recommendation

Do not bid on the supplied evidence alone. First obtain the legal pack, lease and title information, inspect all accessible areas, establish achievable rents and obtain a block valuation and full cost plan. Consider income-hold or refurbishment-led resale only after these checks.

Strategy Rating

Analysis Confidence

The accommodation, tenure, occupancy and guide price are supplied, but there are no sold comparables, condition information, EPC, operating costs, buyer/admin fees, quantified rental evidence for the block or formal GDV.