4 Bed Detached House, Planning Permission, Eastbourne, BN23 8JE, £400,000

Grasmere Close, Eastbourne, BN23 8JE - 3 months ago

Planning
~129 m²
+13 photos

ValuationUndervalued

Sold Prices£250K - £666K
Sold Prices/m²£2.2K/m² - £4.9K/m²

 

 

Square Metres

~129.26 m²
Price/m²£3.1K/m²

Value Estimate

£478,730
BMV20%

Investment Opportunity

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£100,000

Stamp Duty & Legal Fees

£20,700

Total Cash In

£120,700

 

 

Cash Out

 

Rent Range

£1,250 - £2,700

Rent Estimate

£1,425

Running Costs/mo

£1,555

Cashflow/mo

£-130

Cashflow/yr

£-1,560

Gross Yield

4%

Local Sold Prices

50 sold prices from £250K to £666K, average is £397.5K. £2.2K/m² to £4.9K/m², average is £3.7K/m².

PriceDateDistanceAddressBeds 
£375K09/210.04 mi33, Grasmere Close, Eastbourne, East Sussex BN23 8JE4
£490K11/220.04 mi29, Grasmere Close, Eastbourne, East Sussex BN23 8JE4
£375K03/210.05 mi1, Grasmere Close, Eastbourne, East Sussex BN23 8JE4
£510K11/220.07 miFairway, Friday Street, Eastbourne, East Sussex BN23 8AY4
£440K05/210.09 mi9, Bartley Mill Close, Stone Cross, Pevensey, East Sussex BN24 5PE4
£375K06/210.09 mi5, Bartley Mill Close, Stone Cross, Pevensey, East Sussex BN24 5PE4
£510K10/210.1 mi2, Patcham Mill Road, Stone Cross, Pevensey, East Sussex BN24 5PA4
£375K06/210.1 mi38, Patcham Mill Road, Stone Cross, Pevensey, East Sussex BN24 5PA4
£355K01/210.1 mi2, Ifield Mill Close, Stone Cross, Pevensey, East Sussex BN24 5PF4
£465K01/230.1 mi4, Ifield Mill Close, Stone Cross, Pevensey, East Sussex BN24 5PF4
£469.9K03/210.12 mi14, Singleton Mill Road, Stone Cross, Pevensey, East Sussex BN24 5PX4
£270K01/210.13 mi16, Cornish Close, Eastbourne, East Sussex BN23 8HE4
£487.5K03/210.14 mi6, Blatchington Mill Drive, Stone Cross, Pevensey, East Sussex BN24 5QA4
£460K09/210.14 mi28, Patcham Mill Road, Stone Cross, Pevensey, East Sussex BN24 5PA4
£375K11/220.14 mi17, Culver Close, Eastbourne, East Sussex BN23 8EA4
£365K02/210.14 mi20, Culver Close, Eastbourne, East Sussex BN23 8EA4
£277.5K06/210.16 mi3, Oak Tree Lane, Eastbourne, East Sussex BN23 8BB4
£310K04/210.17 mi12, Ventnor Close, Eastbourne, East Sussex BN23 8EB4
£510K11/220.17 mi3, Clayton Mill Road, Stone Cross, Pevensey, East Sussex BN24 5PB4
£420K07/230.17 mi4, Clayton Mill Road, Stone Cross, Pevensey, East Sussex BN24 5PB4
£485K10/220.17 mi9, Nutley Mill Road, Stone Cross, Pevensey, East Sussex BN24 5PD4
£385K03/230.25 mi25, Lavant Road, Stone Cross, Pevensey, East Sussex BN24 5EZ4
£277K02/210.25 mi15, Brading Close, Eastbourne, East Sussex BN23 8DY4
£392.5K12/200.25 mi38, Penrith Way, Eastbourne, East Sussex BN23 8NS4
£372K03/210.27 mi24, Carnforth Crescent, Eastbourne, East Sussex BN23 8NJ4
£420K06/210.27 mi32, Medina Drive, Stone Cross, Pevensey, East Sussex BN24 5EY4
£666K09/210.28 miHillside, Rattle Road, Stone Cross, Pevensey, East Sussex BN24 5DX4
£410K12/200.31 mi2, Geering Road, Stone Cross, Pevensey, East Sussex BN24 5FF4
£460K06/210.31 mi26, Castle Bolton, Eastbourne, East Sussex BN23 8NU4
£477K08/230.32 mi6, Beechfield Close, Stone Cross, Pevensey, East Sussex BN24 5FH4
£375K12/220.33 mi18, Orwell Close, Stone Cross, Pevensey, East Sussex BN24 5QW4
£367K12/200.33 mi14, Cotswold Close, Eastbourne, East Sussex BN23 8HH4
£497.5K06/210.33 mi12, Cotswold Close, Eastbourne, East Sussex BN23 8HH4
£485K01/210.33 mi6, Cotswold Close, Eastbourne, East Sussex BN23 8HH4
£565K08/230.33 mi12, Cotswold Close, Eastbourne, East Sussex BN23 8HH4
£395K01/210.34 mi18, Eden Close, Stone Cross, Pevensey, East Sussex BN24 5EX4
£510K12/220.35 mi41, Castle Bolton, Eastbourne, East Sussex BN23 8NU4
£409.9K11/220.37 mi3, Bracken Grove, Stone Cross, Pevensey, East Sussex BN24 5GE4
£400K03/210.38 mi11, Purbeck Close, Eastbourne, East Sussex BN23 8EX4
£379K02/230.39 mi158, Sorrel Drive, Eastbourne, East Sussex BN23 8BJ4
£456K12/220.39 mi31, Cuckmere Drive, Stone Cross, Pevensey, East Sussex BN24 5PT4
£485K12/220.4 mi7, Cuckmere Drive, Stone Cross, Pevensey, East Sussex BN24 5PT4
£375K03/210.41 mi26, Grampian Close, Eastbourne, East Sussex BN23 8EP4
£290K06/210.41 mi8, Bembridge Road, Eastbourne, East Sussex BN23 8DX4
£420K03/210.42 miCob Cottage, Rattle Road, Westham, Pevensey, East Sussex BN24 5DS4
£250K03/210.42 mi32, Shalfleet Close, Eastbourne, East Sussex BN23 8DU4
£372.5K01/210.43 mi4, Tamar Close, Stone Cross, Pevensey, East Sussex BN24 5QZ4
£317.5K07/230.43 mi22, Orchid Close, Eastbourne, East Sussex BN23 8DE4
£347.5K02/210.46 mi6, Cleveland Close, Eastbourne, East Sussex BN23 8ES4
£380K06/210.46 mi11, Cleveland Close, Eastbourne, East Sussex BN23 8ES4

Local Rents

14 rents from £1.3K/mo to £2.7K/mo, average is £1.7K/mo.

RentDateDistanceAddressBeds 
£1,80004/250.13 mi-3
£1,60012/240.17 miStone Cross3
£1,85012/240.28 miRattle Road, Stone Cross, Pevensey4
£1,45012/240.3 miMedina Drive, Stone Cross3
£1,60007/240.33 mi-3
£2,50003/240.36 mi-4
£1,55012/240.42 miWellsbourne Road, Stone Cross, Pevensey3
£2,70012/240.44 miRattle Road, Westham, Pevensey, BN244
£2,70003/250.44 mi-4
£1,60012/240.5 miBeaulieu Drive3
£1,40005/240.52 miTweedsmuir Close3
£1,25003/240.53 miFoxglove Road, Eastbourne3
£2,10012/240.54 miMole Close4
£1,85004/240.62 miCatsfield Close, Eastbourne4

Local Area Statistics

Population in BN23

28,225

Population in Eastbourne

107,152

Town centre distance

2.60 miles away

Nearest school

0.20 miles away

Nearest train station

1.19 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+6%

Sales demand

Balanced market

Capital growth (5yrs)

+21%

Property History

Listed for £400,000

January 31, 2025

Floor Plans

Description

  • FOUR / FIVE BEDROOM DETACHED HOUSE +
  • GROUND FLOOR BEDEROOM 5 / STUDY WITH EN SUITE +
  • TWO / THREE RECEPTION ROOMS +
  • KITCHEN BREAKFAST ROOM +
  • DRIVEWAY PARKING FOR TWO/THREE CARS +
  • DOUBLE GLAZING +
  • GAS CENTRAL HEATING +
  • CONSIDERED EXTREMELY WELL PRESENTED +
  • OFFERS OVER £400,000 +

A SUPERB DETACHED FAMILY HOME, offering versatile accommodation with THREE RECEPTION ROOMS and a FITTED KITCHEN/BREAKFAST ROOM to the ground floor with the STUDY having an EN-SUITE SHOWER ROOM, thus potentially BEDROOM FIVE. The first floor comprises FOUR FURTHER BEDROOMS, another en-suite, and a main BATHROOM. Occupying a CUL-DE-SAC LOCATION in popular North Langney with DRIVEWAY PARKING for two/three cars.

DETAILED ‘KEY FACTS FOR BUYERS’ ARE AVAILABLE IN THE LINK BELOW

Entrust Hunt Frame’s experienced property professionals with the sale of your property, delivering the highest standards of service and communication.

Entrance Hall - Wood effect laminate flooring extending into lounge and dining room. Radiator. Stairs rising to first floor landing.

Lounge - 5.00m x 3.99m (16'5 x 13'1) - Double glazed bay window to front. Television point. Double radiator. Gas 'coal flame' effect fire with slate hearth and inset mantel surround. Archway leading to:

Dining Room - 2.95m x 2.74m (9'8 x 9) - Double glazed patio door to rear garden. Radiator.

Kitchen/Breakfast Room - 4.62m x 2.92m (15'2 x 9'7) - Double aspect with double glazed windows to rear and side. Door to rear. One and a half bowl single drainer sink unit. Fitted in a range of farmhouse style wall and base level units and and drawers with complementary work surfaces and tile splashbacks. Fitted induction hob and electric oven with extractor hood, integrated refrigerator and freezer, plumbing points for washing machine and dish washer, space for tumble dryer.

Study/Bedroom Five - 2.95m x 2.21m (9'8 x 7'3) - Double glazed window to front. Radiator.

En Suite Shower Room/Wc - Double glazed window to side, Heated towel rail. Low level wc. Shower enclosure. Hand basin with vanity unit. Tiled walls and flooring.

First Floor Landing - Airing cupboard. Loft access.

Bedroom One - 4.01m x 2.97m (13'2 x 9'9) - Two double glazed windows to front. Radiator. Built in double wardrobe.

En-Suite Shower Room W/C - Double glazed window to side. Low level wc. Hand basin. Shower enclosure. Shaver point. Heated towel rail. Tiled walls and flooring.

Bedroom Two - 2.84m x 2.82m (9'4 x 9'3) - Double glazed window to rear. Radiator. Built in double wardrobe.

Bedroom Three - 2.72m x 2.44m (8'11 x 8') - Double glazed window to front. Radiator.

Bedroom Four - 2.79m narrowing to 1.88m x 2.41m (9'2 narrowing to - Double glazed window to rear. Radiator.

Bathroom - Double glazed window to rear. 'P' shaped bath with shower and screen. Low level wc. Hand basin. Tiled walls and flooring. Heated towel rail.

Externally -

Front Garden - Driveway providing parking for two/three cars.

Rear Garden - Block paved patio to rear and sides, extending the full width of the plot. Further shigled area. Two timber sheds. Enclosed by fencing and conifers.

Lapsed Planning Permission - We understand there is lapsed planning permission (070596) for the construction of a garage to the front of the property.

Council Tax Band E -

Disclaimer: Whilst every care has been taken preparing these particulars their accuracy
cannot be guaranteed and you should satisfy yourself as to their correctness. We have not been able to check outgoings, tenure, or that the services and equipment function properly, nor have we checked any planning or building regulations. They do not form part of any contract. We recommend that these matters and the title be checked by someone qualified to do so.

Agent Details

Hunt Frame, Eastbourne

01323 921865

Next Steps?

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