Lower Maisonette, 4 South Terrace, Hastings, East Sussex

Description

A Vacant Lower Ground and Ground Floor Two Bedroom Split Level Maisonette. The property comprises a lower ground and ground floor two bedroom split level maisonette situated within a mid terrace building arranged over lower ground, raised ground and two upper floors.

Accommodation

Lower Ground Floor: Two Bedrooms, Bathroom. Ground Floor: Reception Room, Kitchen. Exterior: Private rear garden.

Location

Situated on a residential road close to local shops and amenities. The open spaces of Hastings Beach are within easy reach. Transport links are provided by Hastings rail station.

Tenure / Property Information

Investment Analysis

The most relevant evidence is the same property, sold for £90,000 on 4 March 2026. Other South Terrace flat/maisonette sales range from £52,075 to £170,000, indicating substantial variation. A circa £90,000 base GDV is supportable, but the approximately 60-year lease and unknown condition, lease terms and sale circumstances reduce valuation certainty.

Investment Snapshot

Strategy Recommendation

Proceed only subject to legal-pack, lease and survey due diligence. Do not bid aggressively without confirmed costs and a supported resale or rental strategy.

Works Required

No specific defects or works are evidenced. Obtain a survey and legal-pack review before budgeting; any works allowance is currently unsupported.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

Using the £90,000 comparable as base GDV, 75% refinance is approximately £67,500. A meaningful BRRR calculation cannot be completed without supported rent, refurbishment costs, finance costs and full acquisition charges.

Buy-to-Let Analysis

Rental evidence is insufficient to establish market rent or gross yield. The approximately 60-year lease may affect mortgageability and resale; review lease provisions, ground rent and service-charge liabilities.

Flip Analysis

The £90,000 same-address sale provides a useful resale reference. Flip profit cannot be calculated because condition, works, full acquisition costs and selling costs are unsupported.

Investor Risks & Due Diligence

• Approximately 60 years remain on the lease.

• No sufficiently specific rental evidence is available.

• Property condition and refurbishment requirements are unknown.

• Disbursements and other special-condition costs may be payable.

• Comparable sale prices vary substantially.

Recommendation

Proceed only subject to legal-pack, lease and survey due diligence. Do not bid aggressively without confirmed costs and a supported resale or rental strategy.

Strategy Rating

Analysis Confidence

A recent same-address completed sale is available, but condition, rent, refurbishment costs, lease liabilities and full purchase costs are not evidenced.