Coastal Opportunity
About this property
Coastal Opportunity – 27% BMV!
Bexhill-on-Sea, East Sussex, TN39 4TF
2 Bed Ground Floor Flat | Leasehold
Currently Tenanted at £900pcm
966 Years Remaining on Lease
Excellent Transport Links
10 Minutes to the Beach
**Purchase Price:** £140,000
**Hometrack Value:** £192,000
**Approx. 27.1% Below Market Value**
**Ground Rent:** £50 per annum
**Service Charge:** £3,000 per annum
**Refinance Example:**
Estimated Value: £192,000
75% LTV Refinance: £144,000
Estimated Money Left In Deal: Approx. £8,300
**Key Selling Points:**
• Tenant in situ producing immediate income
• 966-year lease remaining
• Ground floor apartment
• Standard construction
• Public transport within walking distance
• Local amenities, pubs & restaurants nearby
• Only 10 minutes from the beach
• Excellent turnkey buy-to-let investment
Cash or bridging
Investment calculators
Need finance? Sourced Financial Services specialise in HMO mortgages and can secure same-day decisions in principle.
Speak to a brokerAssumes English SDLT rates and 3% additional property surcharge. Welsh LTT and Scottish LBTT differ. Always confirm with your solicitor.
Ltd company (SPV) purchases pay the same additional-property SDLT rates, but mortgage interest is fully deductible against rental profits.