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

Longland Road, Eastbourne, East Sussex, BN20 8JA - a year ago

Sold STC
Refurb/BRRR
~157 m²
+16 photos

ValuationFair Value

Sold Prices£265K - £550K
Sold Prices/m²£2.6K/m² - £5K/m²

 

 

Square Metres

~156.80 m²
Price/m²£2.3K/m²

Value Estimate

£365,000

 

 

End Value (After Refurb)

£597,238

Uplift in Value

+64%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£91,250

Stamp Duty & Legal Fees

£27,700

Refurb Costs

£81,603

Bridging Loan Interest

£9,581

Total Cash In

£211,885

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Estimated Sale Price

£597,238

Agent Fees (1%)

£5,972

Bridging Loan

£273,750

Bridging Loan Interest

£9,581

Flip Profit

£105,631

Local Sold Prices

50 sold prices from £265K to £550K, average is £379.5K. £2.6K/m² to £5K/m², average is £3.9K/m².

Price
Date
Distance
Address
Beds
 
£370K10/230 mi88, Longland Road, Eastbourne, East Sussex BN20 8JA3
£450K12/220.07 mi3, Crunden Road, Eastbourne, East Sussex BN20 8LW3
£357.5K10/240.08 mi12, 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
£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
£330K03/250.18 mi7, Northiam Road, Eastbourne BN21 1RP3
£370K10/240.18 mi28, Broomfield Street, Eastbourne, East Sussex BN21 1RH3
£375K08/230.18 mi42, Longland Road, Eastbourne, East Sussex BN20 8HS3
£425K10/210.19 mi5, 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
£365K04/240.21 mi4, Birling Street, Eastbourne BN21 1RL3
£295K03/210.22 mi23, Dacre Road, Eastbourne, East Sussex BN21 1RB3
£450K06/210.22 mi51, Sancroft Road, Eastbourne, East Sussex BN20 8HA3
£346.9K10/230.23 mi71, Green Street, Eastbourne, East Sussex BN21 1QZ3
£370K08/240.23 miRosewarne, Chamberlain Road, Eastbourne BN21 1RU3
£420K02/250.23 mi24, Sancroft Road, Eastbourne, East Sussex BN20 8HB3
£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
£537.5K12/240.26 mi46, Charleston Road, Eastbourne BN21 1SF3
£340K01/250.26 mi21, Salehurst Road, Eastbourne BN21 1QS3
£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
£385K12/240.28 mi15, St Leonards Place, Eastbourne, East Sussex BN20 8ND3
£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
£390K11/220.28 mi7, St Leonards Place, Eastbourne, East Sussex BN20 8ND3
£450K03/230.28 mi55, Cherry Garden Road, Eastbourne, East Sussex BN20 8HG3
£410K07/230.28 mi4, Victoria Drive, Eastbourne, East Sussex BN20 8JS3
£460K05/230.29 mi178, Victoria Drive, Eastbourne, East Sussex BN20 8QQ3
£385K04/210.29 mi168, Victoria Drive, Eastbourne, East Sussex BN20 8QQ3

Local Rents

17 rents from £875/mo to £1.9K/mo, average is £1.6K/mo.

Rent
Date
Distance
Address
Beds
 
£1,60008/250 miLongland Road3
£1,70003/240.08 miCrunden Road, Eastbourne, East Sussex, BN203
£1,75003/240.09 miCrunden Road, Eastbourne3
£1,75008/250.27 miVictoria Road, Eastbourne, BN203
£1,50008/250.28 miCherry Garden Road, Eastbourne, East Sussex, BN203
£1,50003/240.34 miCherry Garden Road, EASTBOURNE3
£1,60012/230.34 mi-3
£1,60008/250.41 miVicarage Lane, Eastbourne, East Sussex, BN203
£1,65006/250.41 miVicarage Lane, Eastbourne, BN20 8AX3
£1,85007/250.43 miOld Motcombe Mews, Motcombe Road, Eastbourne, East Sussex, BN213
£1,35007/250.43 miVicarage Drive, Eastbourne, East Sussex, BN203
£1,40008/250.45 miPalesgate Way, Eastbourne3
£1,25003/240.46 miChurch Street, Eastbourne, BN213
£1,37503/240.5 miMotcombe Lane3
£87507/250.53 miWillingdon Road, EASTBOURNE. BN21 1TN.3
£1,55005/250.58 miGreys Road, Old Town, Eastbourne, BN203
£1,25008/250.62 miUpperton Road, Eastbourne, BN213

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)

+271%

Sales demand

Balanced market

Capital growth (5yrs)

+19%

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 ground 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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