6 Bed HMO, Eastbourne, BN21 3TH £370,000

Susans Road, Eastbourne, BN21 3TH - a year ago
Sold STC
HMO
Inside Article 4
ROI: 9%
~127 m²
Property image
Property image

ValuationUndervalued

Sold Prices£425K - £1.8M
Sold Prices/m²£2.1K/m² - £4.6K/m²

 

 

Square Metres

~126.60 m²
Price/m²£2.9K/m²

Value Estimate

£409,942
BMV11%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£92,500

Stamp Duty & Legal Fees

£28,200

Total Cash In

£120,700

 

 

Cash Out

 

Room Rate

£589

Gross Rent

£3,534

Running Costs/mo

£2,579

Cashflow/mo

£955

Cashflow/yr

£11,456

ROI

9%

Gross Yield

11%

Local Sold Prices

18 sold prices from £425K to £1.8M, average is £700K. £2.1K/m² to £4.6K/m², average is £3.2K/m².

Price
Date
Distance
Address
Beds
 
£760K09/210.51 mi31, Enys Road, Eastbourne, East Sussex BN21 2DH6
£810K01/250.77 mi27 Ashmead, Michel Grove, Eastbourne BN21 1JU6
£810K01/250.77 mi27 Ashmead, Michel Grove, Eastbourne BN21 1JU6
£725K08/230.79 mi17, South Cliff Avenue, Eastbourne, East Sussex BN20 7AH6
£641.5K10/221 mi45, Vicarage Road, Eastbourne, East Sussex BN20 8AL6
£510K09/211 mi39, Vicarage Road, Eastbourne, East Sussex BN20 8AL6
£425K06/211.05 mi48, Mill Road, Eastbourne, East Sussex BN21 2PG6
£720K07/231.06 mi9, Hurst Road, Eastbourne, East Sussex BN21 2PJ6
£1.2M06/211.12 miBishop Carey, 7, Gaudick Road, Eastbourne, East Sussex BN20 7RF6
£489.9K08/211.2 mi41, Willingdon Road, Eastbourne, East Sussex BN21 1TN6
£950K08/221.29 mi73, Willingdon Road, Eastbourne, East Sussex BN21 1TR6
£680K07/231.29 mi63, Willingdon Road, Eastbourne, East Sussex BN21 1TR6
£1.8M11/241.54 mi8, Baslow Road, Eastbourne BN20 7UJ6
£650K05/211.85 mi56, Downs Avenue, Eastbourne, East Sussex BN20 8TW6
£577.5K01/231.97 mi38, Brassey Avenue, Eastbourne, East Sussex BN22 9QG6
£568K12/222.12 mi23, Antigua Close, Eastbourne, East Sussex BN23 5SZ6
£1.1M08/232.47 mi87, Wish Hill, Eastbourne, East Sussex BN20 9HQ6
£560K11/232.64 mi3, Mendip Avenue, Eastbourne, East Sussex BN23 8HP6

Local Area Statistics

Population in BN21

24,783

Population in Eastbourne

107,152

Town centre distance

0.42 miles away

Nearest school

0.30 miles away

Nearest train station

0.29 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+13%

Sales demand

Buyer's market

Capital growth (5yrs)

+15%

Property History

Price changed to £370,000

February 20, 2025

Listed for £380,000

June 24, 2024

Floor Plans

Property image

Description

  • INVESTMENT OPPORTUNITY +
  • HOUSE OF MULTIPLE OCCUPANCY +
  • SIX BEDROOMS +
  • TWO BATHROOMS +
  • TOWN CENTRE LOCATION +
  • CHAIN FREE +
  • WELL-PRESENTED +
  • REAR COURTYARD GARDEN +

SUMMARY
INVESTMENT OPPORTUNITY* This SIX BEDROOM, TWO BATHROOM HMO is located within the heart of Eastbourne town centre and makes for an ideal purchase for investors looking to expand their portfolio. Viewing by appointment only with Fox & Sons.

DESCRIPTION
INVESTMENT OPPORTUNITY
Fox & Sons present to the market the opportunity to purchase this great investment property. Situated within the town centre location, this property falls conveniently located close to a wealth of different amenities such as; 'The Beacon' shopping centre which is ever-growing and offers numerous retail outlets such as shops, cafes, restaurants, jewellers, cinema, sports bar, sports facility, barbers, salons and more. You can also find theatres, 'Towner art gallery', famous Devonshire Park tennis courts which host televised tennis competitions, Eastbourne's award winning seafront with annual 'Airbourne' air shows, Eastbourne Pier, hotels, train station with direct links to London, Brighton and more plus frequent bus routes. The property comprises of; communal lounge, kitchen, SIX BEDROOMS, TWO BATHROOMS and rear courtyard garden. Call today to arrange a viewing!

Entrance Hall 

Lounge 11' 6" x 12' 3" plus recess ( 3.51m x 3.73m plus recess )
Double glazed window to the rear aspect. Radiator.

Kitchen 12' 2" x 10' 3" ( 3.71m x 3.12m )
A range of wall and base units with work top over incorporating a stainless steel sink and drainer unit. Electric oven and hob with cooker hood above. Space and plumbing for dish washer. Under stairs cupboard. Cupboard containing boiler. Radiator. Double glazed door to the side aspect. Double glazed window to the rear and side aspect.

Bedroom 1 9' 1" max x 10' 3" max ( 2.77m max x 3.12m max )
Double glazed window to the rear aspect. Radiator.

First Floor Landing 

Bedroom 2 10' 2" into recess x 11' 6" ( 3.10m into recess x 3.51m )
Double glazed window to the rear aspect. Radiator.

Bedroom 3 12' 5" max x 6' 5" plus recess ( 3.78m max x 1.96m plus recess )
Double glazed window to the front aspect. Radiator.

Bedroom 4 9' max x 9' 1" max ( 2.74m max x 2.77m max )
Double glazed window to the front aspect. Radiator.

Bedroom 5 18' 6" x 8' 3" into recess ( 5.64m x 2.51m into recess )
Double glazed window to the rear aspect. Radiator.

Shower Room 
Comprising a shower cubicle with over head shower attachment. Wash hand basin. Heated towel rail. Double glazed window to the side aspect.

Second Floor Landing 
Double glazed window to the rear aspect.

Bedroom 6 12' 2" max x 11' 5" into bay ( 3.71m max x 3.48m into bay )
Double glazed bay window to the front aspect. Radiator. Restricted head height.

Bathroom 
Comprising a shower cubicle with over head shower attachment. Low level W.C. Wash hand basin. Extractor fan. Heated towel rail.

1. MONEY LAUNDERING REGULATIONS: Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2. General: While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.
3. The measurements indicated are supplied for guidance only and as such must be considered incorrect.
4. Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.
5. THESE PARTICULARS ARE ISSUED IN GOOD FAITH BUT DO NOT CONSTITUTE REPRESENTATIONS OF FACT OR FORM PART OF ANY OFFER OR CONTRACT. THE MATTERS REFERRED TO IN THESE PARTICULARS SHOULD BE INDEPENDENTLY VERIFIED BY PROSPECTIVE BUYERS OR TENANTS. NEITHER SEQUENCE (UK) LIMITED NOR ANY OF ITS EMPLOYEES OR AGENTS HAS ANY AUTHORITY TO MAKE OR GIVE ANY REPRESENTATION OR WARRANTY WHATEVER IN RELATION TO THIS PROPERTY.

Agent Details

Fox & Sons, Eastbourne

01323 921085

Next Steps?

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