3 Bed Terraced House, Refurb/BRRR, Eastbourne, BN20 8JA, £365,000

Longland Road, Eastbourne, East Sussex, BN20 8JA - 5 views - 9 months ago

Refurb/BRRR
~157 m²
+16 photos

ValuationFair Value

Sold Prices£265K - £550K
Sold Prices/m²£2.6K/m² - £4.9K/m²

 

 

Square Metres

~156.80 m²
Price/m²£2.3K/m²

Value Estimate

£365,000

 

 

End Value (After Refurb)

£576,906

Uplift in Value

+58%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£91,250

Stamp Duty & Legal Fees

£25,200

Refurb Costs

£74,185

Bridging Loan Interest

£9,581

Total Cash In

£201,966

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Estimated Sale Price

£576,906

Agent Fees (1%)

£5,769

Bridging Loan

£273,750

Bridging Loan Interest

£9,581

Flip Profit

£95,420

Local Sold Prices

50 sold prices from £265K to £550K, average is £380K. £2.6K/m² to £4.9K/m², average is £3.8K/m².

PriceDateDistanceAddressBeds 
£370K10/230 mi88, Longland Road, Eastbourne, East Sussex BN20 8JA3
£450K12/220.07 mi3, Crunden Road, Eastbourne, East Sussex BN20 8LW3
£295K10/200.08 mi18, Northiam Road, Eastbourne, East Sussex BN20 8LL3
£390K11/200.08 mi11, Crunden Road, Eastbourne, East Sussex BN20 8LW3
£381.5K03/210.09 mi72, Longland Road, Eastbourne, East Sussex BN20 8HY3
£380K07/230.1 mi53, Longland Road, Eastbourne, East Sussex BN20 8JB3
£537K04/230.11 mi47, Osborne Road, Eastbourne, East Sussex BN20 8JJ3
£550K10/220.11 mi111, Victoria Drive, Eastbourne, East Sussex BN20 8LE3
£500.3K11/220.12 mi44, Dillingburgh Road, Eastbourne, East Sussex BN20 8LU3
£437K05/210.12 mi3, Peppercombe Road, Eastbourne, East Sussex BN20 8JH3
£357K04/210.12 mi38, Peppercombe Road, Eastbourne, East Sussex BN20 8JH3
£388K12/200.13 mi50, Osborne Road, Eastbourne, East Sussex BN20 8JL3
£315K03/210.13 mi28, Osborne Road, Eastbourne, East Sussex BN20 8JL3
£265K03/210.16 mi13, Northiam Road, Eastbourne, East Sussex BN21 1RP3
£343K06/210.18 mi68, Victoria Drive, Eastbourne, East Sussex BN20 8LB3
£375K08/230.18 mi42, Longland Road, Eastbourne, East Sussex BN20 8HS3
£425K10/210.19 mi5, Dillingburgh Road, Eastbourne, East Sussex BN20 8LY3
£402.5K12/200.19 mi7, Dillingburgh Road, Eastbourne, East Sussex BN20 8LY3
£391.3K02/210.19 mi9, Dillingburgh Road, Eastbourne, East Sussex BN20 8LY3
£380K06/210.19 mi23, Dillingburgh Road, Eastbourne, East Sussex BN20 8LY3
£331.5K06/210.19 mi8, Monceux Road, Eastbourne, East Sussex BN21 1RD3
£470K08/230.21 mi48, Victoria Drive, Eastbourne, East Sussex BN20 8JY3
£290K11/200.21 mi106, Green Street, Eastbourne, East Sussex BN21 1RR3
£295K03/210.22 mi23, Dacre Road, Eastbourne, East Sussex BN21 1RB3
£417.5K02/210.22 mi15, Upwick Road, Eastbourne, East Sussex BN20 8NB3
£450K06/210.22 mi51, Sancroft Road, Eastbourne, East Sussex BN20 8HA3
£346.9K10/230.23 mi71, Green Street, Eastbourne, East Sussex BN21 1QZ3
£379K02/210.24 mi64, Sancroft Road, Eastbourne, East Sussex BN20 8HB3
£445K03/230.24 mi60, Sancroft Road, Eastbourne, East Sussex BN20 8HB3
£320K09/220.24 mi30, Beechy Avenue, Eastbourne, East Sussex BN20 8NU3
£380K08/230.25 mi25, Downside Close, Eastbourne, East Sussex BN20 8EL3
£450K03/230.25 mi32, Downside Close, Eastbourne, East Sussex BN20 8EL3
£365K07/230.26 mi1, Salehurst Road, Eastbourne, East Sussex BN21 1QS3
£430K05/210.27 mi19, Milton Crescent, Eastbourne, East Sussex BN21 1SP3
£420K12/230.27 mi63, Manvers Road, Eastbourne, East Sussex BN20 8HH3
£370K07/230.27 mi67, Manvers Road, Eastbourne, East Sussex BN20 8HH3
£380K03/210.27 mi31, Manvers Road, Eastbourne, East Sussex BN20 8HH3
£350K10/210.27 mi5, Longland Road, Eastbourne, East Sussex BN20 8HR3
£375K05/230.28 mi66, Green Street, Eastbourne, East Sussex BN21 1QX3
£299.9K02/210.28 mi28, South Avenue, Eastbourne, East Sussex BN20 8PD3
£370K02/230.28 mi16, St Leonards Place, Eastbourne, East Sussex BN20 8ND3
£320K06/210.28 mi2, St Leonards Place, Eastbourne, East Sussex BN20 8ND3
£329.9K06/210.28 mi13, St Leonards Place, Eastbourne, East Sussex BN20 8ND3
£300K03/210.28 mi15, St Leonards Place, Eastbourne, East Sussex BN20 8ND3
£390K11/220.28 mi7, St Leonards Place, Eastbourne, East Sussex BN20 8ND3
£450K03/230.28 mi55, Cherry Garden Road, Eastbourne, East Sussex BN20 8HG3
£430K02/210.28 mi125, Milton Road, Eastbourne, East Sussex BN21 1SS3
£410K07/230.28 mi4, Victoria Drive, Eastbourne, East Sussex BN20 8JS3
£397.5K10/200.29 mi46, Charleston Road, Eastbourne, East Sussex BN21 1SF3
£379.9K03/210.29 mi178, Victoria Drive, Eastbourne, East Sussex BN20 8QQ3

Local Rents

23 rents from £1.2K/mo to £2.4K/mo, average is £1.5K/mo.

RentDateDistanceAddressBeds 
£1,70003/240.08 miCrunden Road, Eastbourne, East Sussex, BN203
£1,75003/240.09 miCrunden Road, Eastbourne3
£1,50003/240.34 miCherry Garden Road, EASTBOURNE3
£1,60012/230.34 mi-3
£1,25003/240.46 miChurch Street, Eastbourne, BN213
£1,37503/240.5 miMotcombe Lane3
£1,20003/240.63 miColwood Crescent, Eastbourne3
£1,40001/250.64 mi-3
£1,50003/240.66 miBeechwood Crescent, Eastbourne, BN203
£1,95002/240.7 mi-3
£1,60002/250.9 mi-3
£1,60004/240.92 miRichmond Place, Eastbourne3
£1,50003/250.93 mi-3
£1,39503/240.99 miArlington Road,Eastbourne,BN213
£1,70012/230.99 mi-3
£1,40004/241.04 miSt Annes Road, Eastbourne3
£2,00011/241.07 mi-3
£1,95011/241.07 mi-3
£1,45003/241.14 miDenton Road, 2 Denton Road, Eastbourne3
£2,35001/241.16 mi-3
£2,05003/251.16 mi-3
£1,40012/241.22 mi-3
£1,40004/241.22 miBlackwater Rd, Eastbourne, BN203

Local Area Statistics

Population in BN20

21,311

Population in Eastbourne

107,152

Town centre distance

1.35 miles away

Nearest school

0.20 miles away

Nearest train station

1.23 miles away

 

 

Rental growth (12m)

-19%

Sales demand

Balanced market

Capital growth (5yrs)

+25%

Property History

Price changed to £365,000

December 24, 2024

Price changed to £375,000

September 25, 2024

Listed for £400,000

July 17, 2024

Floor Plans

Description

Offers Over £365,000

Whilst in need of modernisation, the potential of this property is huge. Located in the popular Old Town area of Eastbourne, at the foot of the South Downs, this beautiful family home overlooks Old Town Recreation Ground boasting its Tennis Courts, Childrens Play Area and recently opened Cafe. This property is within walking distance of local amenities which include schools (infant, junior and senior) Doctors surgeries, and local shops; as well as having easily accessible routes to Eastbourne train station and the town centre.

The spacious rooms provide great potential to create a super family home.

On the groud floor you have a large entrance hall leading onto the spacious lounge with bay window, a separate kitchen complete with double oven, gas hob and matching units. The separate dining room has an original cast iron log burner, retained thorugh the years and something of a feature of the property.

There is a large conservatory spanning the width of the property leading onto the garden. This is a great additional space leading off the kitchen and dining room. The garden is in keeping with the spaciousness of the property, providing a great outside space and benefitting from an open aspect beyond.

To the first floor there are two large double bedrooms and a further large single bedroom. The bathroom has a bath with shower over, wash hand basin and W.C.

The loft has been created as an accessible space with Velux windows and lends itself to being converted to create a possible master suite, subject to the usual T&C's.

This property has gas central heating and double glazing throughout. With so much potential this property must be viewed to appreciate the space and possibilities.

Agent Details

Freeman Forman, Eastbourne

01323 921841

Next Steps?

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