Ground Floor Flat, 67 Norman Road, St. Leonards-on-Sea, East Sussex

Description

Leasehold ground floor flat.

Accommodation

One bedroom, reception room, kitchen, bathroom/WC.

Location

Located on Norman Road. Shopping amenities are available locally within St. Leonards-on-Sea Town Centre. Public transport links are available at St Leonards Warrior Square and Hastings Train Station, with local bus services serving the surrounding areas. Road links include the A2102. Recreational pursuits can be found at Saint Leonard’s Gardens.

Tenure / Property Information

Investment Analysis

The £105,000 guide is below the supplied Land Registry sale range of £180,000–£487,500 for leasehold flats on Norman Road. However, the comparables do not provide bedroom count, floor, size, condition, lease terms or other details, so they cannot support a reliable GDV for this one-bedroom ground floor flat. The £1,800 buyer administration charge is known; seller fees may also apply.

Investment Snapshot

Strategy Recommendation

Do not bid on current evidence alone. First verify the legal pack, lease economics, condition, service charges, seller fees and a reliable rental or comparable-sales basis.

Works Required

No refurbishment works can be specified from the evidence. Obtain the legal pack, inspect the flat and confirm condition, lease terms, service charges, ground rent, parking and heating before budgeting works.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

A BRRR assessment cannot be completed without a supported GDV, rent, refurbishment budget and full lease/service-charge information. The known guide plus £1,800 administration charge is £106,800 before any seller fees, works, finance and other acquisition costs.

Buy-to-Let Analysis

BTL analysis cannot be completed because no sufficiently specific rental evidence or auctioneer rent estimate is supplied. Rental income, operating costs and service charges are also unknown.

Flip Analysis

A flip calculation cannot be supported. Although supplied Norman Road sales range from £180,000 to £487,500, the comparables are insufficiently specific to establish a resale value for this flat, and works and selling costs are unknown.

Investor Risks & Due Diligence

• Lease information is awaited and must be checked in the legal pack.

• Additional seller fees may be payable on completion.

• No sufficiently specific rental evidence is available.

• The supplied sales comparables lack bedroom, size, floor, condition and lease-detail information.

• Parking and heating arrangements are unconfirmed.

• Refurbishment requirements and costs are unknown.

Recommendation

Do not bid on current evidence alone. First verify the legal pack, lease economics, condition, service charges, seller fees and a reliable rental or comparable-sales basis.

Strategy Rating

Analysis Confidence

The property description and guide are supplied, but lease information, condition, rental evidence, refurbishment costs, service charges, seller fees and sufficiently comparable sales data are missing.