Summary - First Floor Flat, 2, Marine Parade BN11 3PN
1 bed 1 bath Flat
Compact seafront apartment with balcony and strong holiday-let potential.
Chain free first-floor flat with private balcony and direct sea views
Open-plan living/dining room with modern fitted kitchen
Spacious double bedroom with built-in wardrobes
519 sq ft (48.2 sq m) — compact one-bedroom layout
Sold at auction; cash buyers only — consider lender limits
Buyer pays 4.5% reservation fee (min £6,600) and £300 buyer pack
Leasehold tenure; historic solid brick building, likely no cavity insulation
Area shows higher crime and local deprivation — affects lettings/management
This first-floor seafront flat on Marine Parade offers direct sea and pier views from a private balcony — a clear location-led asset for short-term rental or buy-to-let. The open-plan living/dining room, modern fitted kitchen and a spacious double bedroom make the 519 sq ft layout practical and easy to let to holidaymakers or single/couple tenants.
Buyers should note this sale is by auction and marketed to cash purchasers. Completion is required within 56 days and the successful buyer pays a non-refundable Reservation Fee equal to 4.5% of the purchase price (minimum £6,600), plus a £300 Buyer Information Pack. The leasehold tenure, auction terms and buyer costs will reduce the buyer pool and are crucial to factor into purchase calculations.
The building is Victorian/Edwardian solid brick stock with evidence of weathering to the exterior; façade maintenance and periodic repair will be required. Internally the flat appears tidy with modern fittings, double glazing and mains gas heating, but the structure likely has no insulation in the original solid walls — budget for energy improvement works if upgrading comfort or EPC rating.
This property suits investors seeking seafront stock with strong rental or holiday-let appeal, or cash buyers wanting a compact coastal base. Offsetting the premium coastal position are the auction restrictions, leasehold status and a higher-crime, deprived local context — all factors that affect management costs, yield and long-term capital growth.
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