5 Dane Court, Dane Road, Seaford, East Sussex, BN25 1LN

Description

Vacant 2 x Bedroom First Floor Flat Requiring Refurbishment. Leasehold first floor flat in central Seaford requiring refurbishment. The property comprises; living room, kitchen, 2 x bedrooms and bathroom.

Accommodation

Living Room - 3.81m x 3.63m; Kitchen - 2.87m x 2.13m; Bedroom 1 - 3.63m x 3.35m; Bedroom 2 - 2.90m x 2.18m; Bathroom - 1.93m x 1.78m; Total Floor Area 45 sq.m. (taken from EPC)

Location

Dane Court is situated in Seaford town centre - within close proximity of local shops, seafront and Seaford railway station (London 2 hrs). Location Pin (What3Words): chuckle.ultra.prayers

Tenure / Property Information

Investment Analysis

Recent same-building sales range from £95,000 to £110,000, with the latest supplied sale at £95,000 in January 2025. A base GDV of £105,000 is used, subject to condition, lease terms and legal-pack review.

Investment Snapshot

Strategy Recommendation

Potentially suitable for a value-led BTL or refurbishment purchase, but bid only after confirming refurbishment scope, lease details, service charges and legal-pack disbursements.

Works Required

Refurbishment is required, but the evidence does not specify the works or their extent. Obtain a detailed inspection and contractor quotations before bidding.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

At the £105,000 base GDV, 75% refinancing is approximately £78,750. The refinance outcome and cash left in cannot be established because refurbishment costs and other acquisition costs are unsupported.

Buy-to-Let Analysis

Advertised rental evidence is £1,200–£1,400 pcm, implying approximately 19.2%–22.4% gross yield on the £75,000 guide before refurbishment, administration and other costs. Achieved rent and total project costs are unconfirmed.

Flip Analysis

The supplied same-building sales support a £95,000–£110,000 GDV range. Flip profit cannot be calculated without a refurbishment budget and supported selling-cost allowance.

Investor Risks & Due Diligence

• Refurbishment scope and cost are unknown.

• Advertised rents are not achieved rents.

• Lease has approximately 77 years remaining.

• Administration fee is £1,750 at the guide price, with possible additional legal-pack disbursements and charges.

• Service charges and other leasehold costs are not provided.

Recommendation

Potentially suitable for a value-led BTL or refurbishment purchase, but bid only after confirming refurbishment scope, lease details, service charges and legal-pack disbursements.

Strategy Rating

Analysis Confidence

Supported by same-building completed sales and advertised rents, but refurbishment costs, service charges, parking, heating and full lease/legal details are unavailable.