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

Grasmere Close, Eastbourne, BN23 8JE - 6 views - 3 months ago

Planning
~178 m²
+20 photos

ValuationUndervalued

Sold Prices£350K - £750K
Sold Prices/m²£624/m² - £5K/m²

 

 

Square Metres

~178.28 m²
Price/m²£2.2K/m²

Value Estimate

£488,000
BMV22%

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

20 sold prices from £350K to £750K, average is £477.5K. £624/m² to £5K/m², average is £3.3K/m².

PriceDateDistanceAddressBeds 
£358.5K12/200.04 mi43, Grasmere Close, Eastbourne, East Sussex BN23 8JE5
£499.9K03/210.34 mi27, Dallaway Drive, Stone Cross, Pevensey, East Sussex BN24 5FB5
£510K06/210.36 miLion House, Lion Hill, Stone Cross, Pevensey, East Sussex BN24 5EG5
£460K05/230.42 mi23, Wellsbourne Road, Stone Cross, Pevensey, East Sussex BN24 5QX5
£420K11/210.46 mi61, Rotherfield Avenue, Eastbourne, East Sussex BN23 8JZ5
£382K06/210.57 mi51, Trossachs Close, Eastbourne, East Sussex BN23 8HA5
£730K03/210.76 mi58, Rattle Road, Westham, Pevensey, East Sussex BN24 5DJ5
£675K01/210.99 miThe Limes, 26, Rattle Road, Westham, Pevensey, East Sussex BN24 5DQ5
£350K07/231.06 mi70, Southern Road, Eastbourne, East Sussex BN22 9LR5
£355K03/211.13 mi43, Pevensey Park Road, Westham, Pevensey, East Sussex BN24 5HW5
£445K08/211.35 mi15, St Davids Close, Eastbourne, East Sussex BN22 0UZ5
£490K09/211.35 miLangney Priory, Etchingham Road, Eastbourne, East Sussex BN23 7DT5
£410K11/201.43 mi10, Monarch Gardens, Eastbourne, East Sussex BN23 6JW5
£465K06/211.47 mi42, Rosebery Avenue, Eastbourne, East Sussex BN22 9QB5
£660K09/211.63 miBramley Lodge, Dittons Road, Polegate, East Sussex BN26 6JQ5
£465K08/211.76 mi5, Hobart Quay, Eastbourne, East Sussex BN23 5PB5
£750K09/211.77 mi25, Decoy Drive, Eastbourne, East Sussex BN22 0AD5
£605K09/211.81 mi49, Friston Avenue, Eastbourne, East Sussex BN22 0EN5
£695K12/221.87 mi21, Silver Strand West, Eastbourne, East Sussex BN23 5NP5
£690K06/211.89 mi19, Silver Strand East, Eastbourne, East Sussex BN23 5NN5

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

  • Detached House +
  • 5 Bedrooms +
  • Lounge +
  • Dining Room +
  • Double Aspect Fitted Kitchen +
  • Ground Floor Bedroom 5/Office & En-Suite Shower Room/WC +
  • En-Suite Shower Room/WC to Master Bedroom & Further Family Bathroom +
  • Secluded Gardens +
  • Driveway for 2-3 Cars +

A wonderful five bedroom detached house occupying a cul-de-sac location in North Langney. Providing versatile living accommodation with a ground floor fifth bedroom/office with en-suite, the house has well proportioned accommodation throughout. Benefits include two reception rooms, a fitted kitchen/breakfast room, four first floor bedrooms, one with en-suite shower room, and a further family bathroom. To the front there is off road parking for several vehicles and conifers provide a high level of seclusion to the enclosed rear gardens. The area is served by schools catering for all ages and local shops can be found nearby. An internal inspection comes highly recommended.

Entrance Hallway - Coved ceiling. Wood effect flooring. Stairs to first floor. Doors to ground floor bedroom/study.

Lounge - 4.80m x 3.96m (15'9 x 13'0) - Wood effect flooring. Feature fireplace. Coved ceiling. Double glazed bay window to front aspec.t Archway to-

Dining Room - 2.87m x 2.72m (9'5 x 8'11) - Coved ceiling. Radiator. Wood effect flooring. Double glazed patio doors. Door to-

Double Aspect Fitted Kitchen - 4.60m x 2.87m (15'1 x 9'5) - Range of fitted wall and base units. Worktop with inset ceramic one and a half bowl sink unit with mixer tap. Built in electric oven and hob with extractor cooker hood. Integrated fridge freezer. Plumbing and space for washing machine and dishwasher. Space for tumble dryer. Understairs cupboard with power and space for further fridge freezer. Double glazed windows to rear and side aspects. Door to garden.

Bedroom 5/Office - 2.95m x 2.21m (9'8 x 7'3) - Stripped floorboards. Coved ceiling. Inset spotlights. Double glazed window to front aspect. Door to-

En-Suite Shower Room/Wc - Shower cubicle. Low level WC with concealed cistern. Vanity unit with wash hand basin, chrome mixer tap and cupboard below. Chrome heated towel rail. Tiled flooring. Cupboard housing gas boiler. Extractor fan. Frosted double glazed window.

Stairs From Ground To First Floor Landing: - Loft hatch (not inspected). Dado rail.

Bedroom 1 - 4.27m x 2.92m (14'0 x 9'7) - Radiator. Built in double wardrobe. Double glazed windows to front aspect. Door to-

En-Suite Shower Room/Wc - Shower cubicle. Low level WC with concealed cistern. Pedestal wash hand basin. Tiled walls and flooring. Shaver point. Heated towel rail.

Bedroom 2 - 2.84m x 2.79m (9'4 x 9'2) - Radiator. Built in double wardrobe. Double glazed window to rear aspect.

Bedroom 3 - 2.69m x 2.39m (8'10 x 7'10 ) - Radiator. Coved ceiling. Stripped floorboards. Double glazed window to front aspect.

Bedroom 4 (Currently Used As Office) - 2.69m x 2.39m (8'10 x 7'10) - Radiator. Stripped floorboards. Double glazed window to rear aspect.

Bathroom/Wc - White suite comprising of P-Shaped bath with shower and shower screen. Low level WC. Wash hand basin. Tiled walls and flooring. Heated towel rail. Frosted double glazed window.

Outside - There are block paved patio areas to the side and rear, areas of shingle, two timber sheds and mature conifers providing a high level of seclusion.

Parking - There is a driveway providing off road parking for 2/3 cars.

Council Tax Band = E -

Epc = C -

Agents Note: - We understand there is lapsed planning permission (070596) for the construction of a garage to the front of the property.

Agent Details

Town Property/Town Flats/Town Rentals, Eastbourne

01320 310211

Next Steps?

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