3 Bed Detached House, Planning Permission, Eastbourne, BN20 8TL, £400,000

Downs Avenue, Eastbourne, BN20 8TL - 1 views - 4 months ago

Planning
ROI: 1%
~93 m²
+28 photos

ValuationOvervalued

Sold Prices£211K - £600K
Sold Prices/m²£2.3K/m² - £6.2K/m²

 

 

Square Metres

~93 m²
Price/m²£4.3K/m²

Value Estimate

£336,355

 

 

End Value (After Refurb)

£338,182

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£100,000

Stamp Duty & Legal Fees

£20,700

Refurb Costs

£44,000

Bridging Loan Interest

£10,500

Total Cash In

£176,950

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£338,182

Mortgage (After Refinance)

£253,636

Mortgage LTV

75%

Cash Left In

£176,950

Equity

£84,545

Rent Range

£1,200 - £2,000

Rent Estimate

£1,605

Running Costs/mo

£1,398

Cashflow/mo

£207

Cashflow/yr

£2,486

ROI

1%

Gross Yield

5%

Local Sold Prices

50 sold prices from £211K to £600K, average is £395K. £2.3K/m² to £6.2K/m², average is £3.6K/m².

PriceDateDistanceAddressBeds 
£257K02/210.05 mi14, Avard Crescent, Eastbourne, East Sussex BN20 8TU3
£265K04/210.09 mi43, Greenway, Eastbourne, East Sussex BN20 8UG3
£325K11/220.11 mi22, Downs Avenue, Eastbourne, East Sussex BN20 8TW3
£282K03/210.12 mi30, Downs Avenue, Eastbourne, East Sussex BN20 8TW3
£259K05/210.12 mi42, Downs Avenue, Eastbourne, East Sussex BN20 8TW3
£260K08/210.12 mi28, Downs Avenue, Eastbourne, East Sussex BN20 8TW3
£400K03/210.14 mi237, Victoria Drive, Eastbourne, East Sussex BN20 8QU3
£259K08/210.15 mi61, Greenway, Eastbourne, East Sussex BN20 8UQ3
£300K08/230.15 mi48, Greenway, Eastbourne, East Sussex BN20 8UQ3
£550K06/210.17 mi100, Baldwin Avenue, Eastbourne, East Sussex BN21 1UP3
£520K03/210.17 mi72, Baldwin Avenue, Eastbourne, East Sussex BN21 1UP3
£280K04/210.17 mi19, Millbrook Gardens, Eastbourne, East Sussex BN20 8TT3
£465K03/210.17 mi15, Millbrook Gardens, Eastbourne, East Sussex BN20 8TT3
£250K05/230.18 mi32, The Crescent, Eastbourne, East Sussex BN20 8PX3
£315K08/230.18 mi48, Rockhurst Drive, Eastbourne, East Sussex BN20 8UX3
£600K09/220.19 mi67, Glendale Avenue, Eastbourne, East Sussex BN21 1UN3
£450K07/210.19 mi55, Glendale Avenue, Eastbourne, East Sussex BN21 1UN3
£465K11/220.19 mi65, Glendale Avenue, Eastbourne, East Sussex BN21 1UN3
£211K06/210.21 mi5, North Avenue, Eastbourne, East Sussex BN20 8RB3
£260K09/210.21 mi55, Rockhurst Drive, Eastbourne, East Sussex BN20 8XD3
£510K04/230.23 mi3, Farlaine Road, Eastbourne, East Sussex BN21 1XG3
£480K07/230.23 mi13, Glendale Avenue, Eastbourne, East Sussex BN21 1UT3
£425K06/210.24 mi23, Cobbold Avenue, Eastbourne, East Sussex BN21 1UY3
£500K08/230.24 mi19, Cobbold Avenue, Eastbourne, East Sussex BN21 1UY3
£490K06/230.24 mi43, Cobbold Avenue, Eastbourne, East Sussex BN21 1UY3
£400K07/220.25 mi15, Clifford Avenue, Eastbourne, East Sussex BN21 1XL3
£365K02/210.25 mi9, Clifford Avenue, Eastbourne, East Sussex BN21 1XL3
£417K03/210.26 mi44, Glendale Avenue, Eastbourne, East Sussex BN21 1UU3
£440K03/230.26 mi8, Glendale Avenue, Eastbourne, East Sussex BN21 1UU3
£525K08/220.27 mi36, Cobbold Avenue, Eastbourne, East Sussex BN21 1UZ3
£295K12/200.28 mi30, Central Avenue, Eastbourne, East Sussex BN20 8PR3
£320K05/210.28 mi20, Central Avenue, Eastbourne, East Sussex BN20 8PS3
£455K06/210.29 mi367, Victoria Drive, Eastbourne, East Sussex BN20 8XR3
£480K09/220.29 mi9, Glendale Avenue, Eastbourne, East Sussex BN21 1UT3
£370.5K08/230.31 mi31, Central Avenue, Eastbourne, East Sussex BN20 8PP3
£270K08/210.32 mi37, Cavalry Crescent, Eastbourne, East Sussex BN20 8PE3
£363.8K08/230.32 mi20, South Avenue, Eastbourne, East Sussex BN20 8PG3
£435K05/210.32 mi8, Eldon Road, Eastbourne, East Sussex BN21 1TB3
£435K11/200.33 mi8, Saxon Place, Eastbourne, East Sussex BN21 1TY3
£499.9K11/230.33 mi4, Saxon Place, Eastbourne, East Sussex BN21 1TY3
£328K03/210.34 mi26a, Filching Road, Eastbourne, East Sussex BN20 8SF3
£450K01/230.34 mi169, Victoria Drive, Eastbourne, East Sussex BN20 8QG3
£295K09/230.35 mi9, Royal Sussex Crescent, Eastbourne, East Sussex BN20 8PB3
£305K06/210.35 mi7, Royal Sussex Crescent, Eastbourne, East Sussex BN20 8PB3
£470K06/210.35 mi72, Selmeston Road, Eastbourne, East Sussex BN21 2TE3
£390K12/200.35 mi8, Cobbold Avenue, Eastbourne, East Sussex BN21 1XA3
£530K06/210.35 mi14, Cobbold Avenue, Eastbourne, East Sussex BN21 1XA3
£460K05/230.36 mi178, Victoria Drive, Eastbourne, East Sussex BN20 8QQ3
£385K04/210.36 mi168, Victoria Drive, Eastbourne, East Sussex BN20 8QQ3
£379.9K03/210.36 mi178, Victoria Drive, Eastbourne, East Sussex BN20 8QQ3

Local Rents

16 rents from £1.2K/mo to £2K/mo, average is £1.6K/mo.

RentDateDistanceAddressBeds 
£1,40001/250.04 mi-3
£1,20003/240.14 miColwood Crescent, Eastbourne3
£1,95002/240.17 mi-3
£1,60001/250.27 mi-3
£2,00011/240.5 mi-3
£1,95011/240.5 mi-3
£1,70012/230.53 mi-3
£1,75003/240.54 miCrunden Road, Eastbourne3
£1,70003/240.55 miCrunden Road, Eastbourne, East Sussex, BN203
£1,85004/250.82 mi-3
£1,37503/240.83 miMotcombe Lane3
£1,50003/240.92 miCherry Garden Road, EASTBOURNE3
£1,25003/240.92 miChurch Street, Eastbourne, BN213
£1,60012/230.92 mi-3
£1,50003/241.14 miBeechwood Crescent, Eastbourne, BN203
£1,60004/241.23 miRichmond Place, Eastbourne3

Local Area Statistics

Population in BN20

21,311

Population in Eastbourne

107,152

Town centre distance

1.48 miles away

Nearest school

0.20 miles away

Nearest train station

1.26 miles away

 

 

Rental growth (12m)

-19%

Sales demand

Balanced market

Capital growth (5yrs)

+25%

Property History

Listed for £400,000

January 9, 2025

Floor Plans

Description

  • Situated in the highly sought-after Old Town area of Eastbourne, close to excellent schools, shops, and local amenities +
  • A charming three-bedroom detached house, perfect for family living +
  • Spacious Living Room: Front-facing with a bay window and a feature fireplace +
  • Open-plan kitchen and dining with ample storage, seamlessly flowing into the family room +
  • Three well-proportioned bedrooms, including a spacious master bedroom with fitted wardrobes +
  • Family bathroom fitted in a three piece suite +
  • Enclosed South facing rear garden with a paved patio, lawn, and a summer house +
  • Driveway providing space for multiple vehicles +
  • Ample space to the side and rear for future extensions, subject to necessary consents +
  • Internal viewing highly recommended by sole agents +

Phil Hall Estate Agents has been instructed to market this delightful three-bedroom detached house located on Downs Avenue, set in the heart of Eastbourne's highly desirable Old Town. This property offers an excellent opportunity for families seeking a well-rounded home within a vibrant and historic community. With its proximity to outstanding schools, local shops, and a wealth of amenities, this home strikes the perfect balance between convenience and comfort.

As you step inside, you are welcomed by a bright and inviting entrance hall, with access to the ground floor accommodation and stairs ascending to the first floor. The front-facing living room boasts a bay window that fills the room with natural light and features a cosy fireplace, creating an ideal space for relaxation.

Moving through the hall, the kitchen is designed to cater to modern family living. Equipped with wall-mounted and base units, and a breakfast area housing the electric hob, it offers ample storage and countertop space. The kitchen is thoughtfully positioned as the heart of the home, seamlessly connecting to the dining area. An understairs cupboard, conveniently located in the kitchen, houses the washing machine and tumble dryer, keeping the space clutter-free. A side door provides additional access to the driveway, enhancing practicality.

The kitchen opens into the dining area, a versatile space ideal for family meals or entertaining. The open-plan layout flows into the family room, which is flooded with natural light from its large windows and provides direct access to the south-facing rear garden. This family room is perfect for enjoying the outdoors all year round, offering a tranquil setting for relaxation or entertaining.

Upstairs, the property comprises three well-proportioned bedrooms. Bedrooms one and three enjoy a front-facing aspect, while the family bathroom is fitted in a three piece suite comprising of a panelled enclosed bath, close coupled wc and wash hand basin.

Location, Location, Location - Situated in Eastbourne’s Old Town, the property enjoys the charm of a historic area paired with the convenience of modern living. The neighborhood is renowned for its friendly community, top-rated schools, and excellent transport links.

Schools: Within easy reach of highly regarded primary and secondary schools, including Gildredge House and Motcombe Infants.
Amenities: A short distance to local shops, cafes, and restaurants. The nearby Waitrose supermarket and other retail options ensure all essentials are within easy reach.
Transport: Eastbourne town centre and train station are just a short drive away, providing excellent connections to London, Brighton, and beyond.

Entrance Hall -

Living Room - 4.29m into bay x 3.30m max (14'01 into bay x 10'10 -

Kitchen/Dining Room - 5.13m max x 3.53m max (16'10 max x 11'07 max) -

Family Room - 3.12m x 2.72m (10'03 x 8'11) -

First Floor Landing -

Bedroom One - 4.27m into bay x 2.97m (14'00 into bay x 9'09) -

Bedroom Two - 3.30m x 3.02m (10'10 x 9'11) -

Bedroom Three - 2.69m x 2.08m (8'10 x 6'10) -

Bathroom - 1.93m x 1.65m (6'04 x 5'05) -

Front Garden And Driveway - The front garden is attractively presented and features a driveway that accommodates multiple vehicles, extending alongside the property to the rear. This provides convenient off-road parking and further development potential, subject to planning permission.

Rear Garden - The south-facing rear garden is a standout feature of the property, offering privacy and an abundance of outdoor space. A paved patio area directly adjoins the house, ideal for al fresco dining or summer barbecues. Beyond the patio lies a well-maintained lawn, bordered by mature shrubs and fencing.

To one side of the garden, a summer house offers a variety of potential uses. Whether as a home office, art studio, playroom, or simply a quiet retreat, this versatile space enhances the appeal of the property.

The garden also benefits from ample room for extensions to the rear or side of the property, subject to the necessary planning permissions, making this an excellent investment for those looking to grow into their home.

Agent Details

Phil Hall Estate Agents, Eastbourne

01323 679007

Next Steps?

This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪