Summary - Flat B, 10 Edward Road, St. Leonards-on-Sea TN37 6ES
1 bed 1 bath Flat
Perfect coastal project near Warrior Square station, ideal for renovation buyers..
Large double bedroom and separate living room
A lower-ground one-bedroom flat with a private rear garden and share of freehold, offered by modern auction. The flat has a notably large bedroom and separate living room, set within a Victorian mid-terrace close to Warrior Square station and the seafront. It is sold with no onward chain, giving an opportunity to move quickly or to renovate and let.
This property requires cosmetic and likely more substantial updating: fixtures and decor are dated, the building has solid brick walls with assumed no insulation, and internal finishes will need attention. The lease has about 47 years remaining, which may limit mortgage options—some lenders could refuse to lend. The sale is by auction and attracts buyer fees, a reservation fee and additional costs; bidders must review the buyer information pack and reservation terms carefully.
Location strengths include excellent mobile signal, close local services, good access to public transport and cheap council tax. Notable local negatives are a high crime index, slow broadband speeds and the wider area’s high deprivation — factors that affect rental demand and resale values and that investors or buyers should weigh against the low purchase price and renovation potential.
Overall this is a budget-priced, value-led opportunity for a cash buyer, investor experienced with auction purchases, or a buyer able to manage a refurbishment and short lease situation. Before bidding or offering, obtain independent surveys, confirm lender acceptability given the lease length, and calculate auction-related fees into total purchase costs.
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