7 Bed HMO, Eastbourne, BN22 8LS £525,000

105 Whitley Road, Eastbourne, BN22 8LS - 2 years ago
HMO
Inside Article 4
ROI: 5%
~145 m²
Property image

ValuationFair Value

Sold Prices£540K - £2.1M
Sold Prices/m²£2.5K/m² - £4.8K/m²

 

 

Square Metres

~145 m²
Price/m²£3.6K/m²

Value Estimate

£528,364

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£131,250

Stamp Duty & Legal Fees

£43,700

Total Cash In

£174,950

 

 

Cash Out

 

Room Rate

£576

Gross Rent

£4,032

Running Costs/mo

£3,307

Cashflow/mo

£725

Cashflow/yr

£8,703

ROI

5%

Gross Yield

9%

Local Sold Prices

8 sold prices from £540K to £2.1M, average is £1.1M. £2.5K/m² to £4.8K/m², average is £3.6K/m².

Price
Date
Distance
Address
Beds
 
£1.1M06/210.49 mi29, Arundel Road, Eastbourne, East Sussex BN21 2EG7
£1.1M10/240.75 mi16, Arlington Road, Eastbourne BN21 1DJ7
£1.1M10/240.78 mi16, Arlington Road, Eastbourne, East Sussex BN21 1DJ7
£1.2M06/220.79 mi20, Old Orchard Road, Eastbourne, East Sussex BN21 1DD7
£775K07/221.22 mi7, South Cliff Avenue, Eastbourne, East Sussex BN20 7AH7
£540K06/211.22 mi15, South Cliff Avenue, Eastbourne, East Sussex BN20 7AH7
£1.9M12/221.68 mi11, Milnthorpe Road, Eastbourne, East Sussex BN20 7NS7
£2.1M02/232.24 mi9, Wellington Quay, Eastbourne, East Sussex BN23 5AQ7

Local Area Statistics

Population in BN22

32,808

Population in Eastbourne

107,152

Town centre distance

0.21 miles away

Nearest school

0.10 miles away

Nearest train station

0.63 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+2%

Sales demand

Balanced market

Capital growth (5yrs)

+24%

Property History

Price changed to £525,000

December 4, 2024

Listed for £550,000

February 2, 2024

Floor Plans

Property image

Description

  • INVESTORS ONLY +
  • Refurbished Terraced House +
  • 7 Bedrooms +
  • 7 Luxury En-Suite Shower Room/WC's +
  • Kitchen/Breakfast Room +
  • Landscaped Rear Garden +
  • Car Hardstanding +

Refurbished to a high standard throughout, this extended Period property is geared up for HMO style investment use with a projected gross income of approximately £57,000 pa gross. With seven en suite bedrooms individually metered and with a stylish modern fitted kitchen/dining room with integrated appliances included. In addition, there are landscaped rear gardens which are laid to lawn and patio and a newly block paved area of hardstanding to the front. The property borders Seaside and Roselands and within close walking distance of nearby shops, the seafront and the town centre where the mainline railway station and Beacon shopping centre can be found.

Entrance - Double glazed composite door to-

Entrance Hallway - Radiator. Meter cupboard. Carpet.

Bedroom 1 - 3.86m x 2.92m (12'8 x 9'7) - Radiator. Carpet. Double glazed window to front aspect.

En-Suite Shower Room/Wc - Shower cubicle with wall mounted shower. Pedestal wash hand basin. Low level WC.

Bedroom 2 - 4.17m x 3.12m (13'8 x 10'3) - Radiator. Carpet. Double glazed window to rear aspect.

En-Suite Shower Room/Wc - Shower cubicle with wall mounted shower. Pedestal wash hand basin. Low level WC.

Kitchen/Breakfast Room - 3.89m x 2.92m (12'9 x 9'7) - Range of units comprising of bowl and a half single drainer sink unit and mixer tap with surrounding work surfaces with part tiled walls and cupboards and drawers under. Space for and including range cooker and American style fridge freezer. Space and plumbing for washing machine and dishwasher. Range of wall mounted units. Extractor. Radiator. Tiled flooring. Double glazed window to side aspect. Door to-

Garden Room/Bedroom 7 - 4.09m x 3.10m (13'5 x 10'2) - Radiator. Carpet. Double glazed window to rear aspect.

En-Suite Shower Room/Wc - Shower cubicle with wall mounted shower. Pedestal wash hand basin. Low level WC.

Stairs From Ground To First Floor Landing -

Bedroom 3 - 4.34m x 2.92m (14'3 x 9'7) - Radiator. Tiled flooring. Double glazed double doors to rear aspect.

En-Suite Shower Room/Wc - Shower cubicle with wall mounted shower. Pedestal wash hand basin. Low level WC.

Bedroom 4 - 4.14m x 3.10m (13'7 x 10'2) - Radiator. Carpet. Double glazed window to rear aspect.

En-Suite Shower Room/Wc - Shower cubicle with wall mounted shower. Pedestal wash hand basin. Low level WC.

Bedroom 5 - 3.63m x 3.05m (11'11 x 10'0) - Radiator. Carpet. Double glazed window to rear aspect.

En-Suite Shower Room/Wc - Shower cubicle with wall mounted shower. Pedestal wash hand basin. Low level WC.

Staircase From First To Second (Top) Floor Landing - Access to loft housing new gas boiler (not inspected).

Bedroom 6 - 4.34m x 3.10m (14'3 x 10'2) - Radiator. Carpet. Double glazed window to front aspect.

En-Suite Shower Room/Wc - Shower cubicle with wall mounted shower. Pedestal wash hand basin. Low level WC.

Outside - The landscaped rear gardens are laid to lawn and new patio with a new garden shed also included.

Parking - A newly block paved area of hardstanding is arranged to the front.

Council Tax Band = C -

Agent Details

Town Property/Town Flats/Town Rentals, Eastbourne

01320 310211

Next Steps?

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