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Lower Maisonette, 4 South Terrace, Hastings, East Sussex
Marketed by:
Auction House London
1a, 5 Hampstead Gate, London NW3 6AL, UK
020 7625 9007
Vacant Two-Bedroom Leasehold Maisonette
Lower Maisonette, 4 South Terrace, Hastings, East Sussex
For Sale
£65,000+
• 2 Bedrooms
• Flat
• Leasehold
• Vacant
• Current Rating C
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
Tenure |
Leasehold |
Lease |
The property is held on a 99 year lease from 29th September 1988, with approximately 60 years unexpired. |
Occupancy |
Vacant |
EPC |
Current Rating C |
Services |
Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services. |
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
Guide Price |
£65,000 - £85,000 (plus fees) |
HB Estimated GDV |
£90,000 |
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
|
No sufficiently specific external rental comparable identified. |
|
Sold Comparables
The following completed sales were identified within approximately 5 miles:
|
4, South Terrace, Hastings, Hastings, Tn34 1sa |
£90,000 |
|
3, South Terrace, Hastings, Hastings, Tn34 1sa |
£52,075 |
|
3, South Terrace, Hastings, Hastings, Tn34 1sa |
£67,618 |
|
7, South Terrace, Hastings, Hastings, Tn34 1sa |
£126,000 |
|
8a, South Terrace, Hastings, Hastings, Tn34 1sa |
£170,000 |
Potential BRRR Position
Base GDV |
£90,000 |
75% Refinance |
£67,500 |
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
HB Rating |
★★☆☆☆ |
Analysis Confidence
Confidence |
Medium |
A recent same-address completed sale is available, but condition, rent, refurbishment costs, lease liabilities and full purchase costs are not evidenced.
Auction Details :
Auction House London
Auction Date :
11/11/26
Lot Number :
099
Property Location:
Lower Maisonette, 4 South Terrace, Hastings, East Sussex
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