6 Bed HMO, Eastbourne, BN21 4SY £400,000

8 Hyde Road, Eastbourne, East Sussex, BN21 4SY - 23 views - a year ago
HMO
ROI: 10%
132 m²
Property image

ValuationOvervalued

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

 

 

Square Metres

132 m²
Price/m²£3K/m²

Value Estimate

£390,859

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£100,000

Stamp Duty & Legal Fees

£20,700

Total Cash In

£120,700

 

 

Cash Out

 

Room Rate

£614

Gross Rent

£3,684

Running Costs/mo

£2,715

Cashflow/mo

£969

Cashflow/yr

£11,622

ROI

10%

Gross Yield

11%

Local Sold Prices

17 sold prices from £425K to £1.8M, average is £720K. £2.1K/m² to £4.6K/m², average is £3.1K/m².

Price
Date
Distance
Address
Beds
 
£760K09/210.42 mi31, Enys Road, Eastbourne, East Sussex BN21 2DH6
£810K01/250.56 mi27 Ashmead, Michel Grove, Eastbourne BN21 1JU6
£810K01/250.56 mi27 Ashmead, Michel Grove, Eastbourne BN21 1JU6
£725K08/230.56 mi17, South Cliff Avenue, Eastbourne, East Sussex BN20 7AH6
£641.5K10/220.71 mi45, Vicarage Road, Eastbourne, East Sussex BN20 8AL6
£510K09/210.71 mi39, Vicarage Road, Eastbourne, East Sussex BN20 8AL6
£1.2M06/210.77 miBishop Carey, 7, Gaudick Road, Eastbourne, East Sussex BN20 7RF6
£720K07/230.91 mi9, Hurst Road, Eastbourne, East Sussex BN21 2PJ6
£425K06/210.92 mi48, Mill Road, Eastbourne, East Sussex BN21 2PG6
£489.9K08/211.06 mi41, Willingdon Road, Eastbourne, East Sussex BN21 1TN6
£950K08/221.17 mi73, Willingdon Road, Eastbourne, East Sussex BN21 1TR6
£680K07/231.17 mi63, Willingdon Road, Eastbourne, East Sussex BN21 1TR6
£1.8M11/241.18 mi8, Baslow Road, Eastbourne BN20 7UJ6
£577.5K01/232.08 mi38, Brassey Avenue, Eastbourne, East Sussex BN22 9QG6
£1.1M08/232.42 mi87, Wish Hill, Eastbourne, East Sussex BN20 9HQ6
£568K12/222.48 mi23, Antigua Close, Eastbourne, East Sussex BN23 5SZ6
£560K11/232.92 mi3, Mendip Avenue, Eastbourne, East Sussex BN23 8HP6

Local Area Statistics

Population in BN21

24,783

Population in Eastbourne

107,152

Town centre distance

0.63 miles away

Nearest school

0.30 miles away

Nearest train station

0.11 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+13%

Sales demand

Buyer's market

Capital growth (5yrs)

+15%

Property History

Listed for £400,000

August 15, 2024

Sold for £270,000

2016

Floor Plans

Property image

Description

  • Freehold terraced property with HMO and self-contained flat. +
  • Generating £44,220 annual rental income. +
  • Popular Little Chelsea area. +
  • High rental yield due to HMO and prime location. +
  • Fully let. +
  • Close to amenities and train station. +

This is a freehold terraced property incorporating five HMO rooms and a self-contained one-bedroom flat. Each HMO room has cooking facilities with two shared shower rooms and two shared WCs. The flat has a bedroom, kitchen, shower room, WC and private access to the rear courtyard.

It is located in the popular Little Chelsea area of the town centre, close to the shops and restaurants of Grove Road and within 100 metres of the train station.

Flat - Bedroom - 12'10" (3.91m) x 8'8" (2.64m)
The self-contained flat produces £850 per month rent and includes a shower room, separate WC, kitchen and access to a private courtyard.

Flat - Kitchen - 8'8" (2.64m) x 6'4" (1.93m)
With a door leading to the rear courtyard.

Room 1 - 14'8" (4.47m) x 11'3" (3.43m)
Producing £595 per month.

Room 2 - 12'11" (3.94m) x 8'11" (2.72m)
Producing £440 per month

Room 3 - 14'10" (4.52m) x 11'9" (3.58m)
Producing £550 per month.

Room 4 - 12'11" (3.94m) x 8'10" (2.69m)
Producing £650 per month.

Room 5 - 13'10" (4.22m) x 11'9" (3.58m)
Producing £600 per month.

Shower Room - 8'1" (2.46m) x 5'8" (1.73m)
With shower, WC and washing machine.

Separate Shower - 3'0" (0.91m) x 3'0" (0.91m)

Notice
Please note we have not tested any apparatus, fixtures, fittings, or services. Interested parties must undertake their own investigation into the working order of these items. All measurements are approximate and photographs provided for guidance only.

Agent Details

Reid & Dean, Eastbourne

01323 921844

Next Steps?

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