4 Bed HMO, Eastbourne, BN22 8AN £335,000

22 Grove Road, Eastbourne, East Sussex, BN21 4TR - 6 views - 8 months ago
HMO
ROI: 5%
78 m²
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+3 photos

ValuationOvervalued

Sold Prices£240K - £945K
Sold Prices/m²£307/m² - £4K/m²

 

 

Square Metres

78 m²
Price/m²£4.3K/m²

Value Estimate

£224,739

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£83,750

Stamp Duty & Legal Fees

£24,700

Total Cash In

£108,450

 

 

Cash Out

 

Room Rate

£619

Gross Rent

£2,476

Running Costs/mo

£2,056

Cashflow/mo

£420

Cashflow/yr

£5,037

ROI

5%

Gross Yield

9%

Local Sold Prices

50 sold prices from £240K to £945K, average is £422.3K. £307/m² to £4K/m², average is £3.2K/m².

Price
Date
Distance
Address
Beds
 
£375K10/230.16 mi44, Belmore Road, Eastbourne, East Sussex BN22 8BL4
£444K06/250.19 mi16, Cavendish Avenue, Eastbourne BN22 8EN4
£444K06/250.19 mi16, Cavendish Avenue, Eastbourne BN22 8EN4
£375K03/230.21 mi9, Rylstone Road, Eastbourne, East Sussex BN22 7HN4
£340K06/210.22 mi17, Cavendish Avenue, Eastbourne, East Sussex BN22 8EW4
£375K02/230.22 mi70, Latimer Road, Eastbourne, East Sussex BN22 7DE4
£275K10/210.24 mi31, Western Road, Eastbourne, East Sussex BN22 8HP4
£385K10/220.28 mi45, Langney Road, Eastbourne, East Sussex BN21 3QD4
£320K11/220.29 mi84, Longstone Road, Eastbourne, East Sussex BN21 3SL4
£322K12/240.29 miCoastguard Square, 20, Addingham Road, Eastbourne BN22 7DU4
£335K06/210.35 mi38, Clarence Road, Eastbourne, East Sussex BN22 8HG4
£466K12/220.35 mi120, Whitley Road, Eastbourne, East Sussex BN22 8LT4
£390K07/250.38 mi30, Whitley Road, Eastbourne BN22 8NJ4
£425K07/250.39 mi90, Whitley Road, Eastbourne BN22 8ND4
£460K12/220.39 mi38, Carlton Road, Eastbourne, East Sussex BN22 7HD4
£480K05/210.44 mi37, St Philips Avenue, Eastbourne, East Sussex BN22 8LU4
£446.7K06/250.44 mi15, Ringwood Road, Eastbourne BN22 8TA4
£480K12/220.47 mi58, Ringwood Road, Eastbourne, East Sussex BN22 8TB4
£370K09/210.47 mi68, Ringwood Road, Eastbourne, East Sussex BN22 8TB4
£340K06/210.47 mi66, Ringwood Road, Eastbourne, East Sussex BN22 8TB4
£320K02/230.5 mi7, Commercial Road, Eastbourne, East Sussex BN21 3XE4
£430K06/210.52 mi67, Beach Road, Eastbourne, East Sussex BN22 7HA4
£244K05/250.53 miArundel House, Latimer Road, Eastbourne BN22 7JD4
£492K03/230.55 mi48, Moy Avenue, Eastbourne, East Sussex BN22 8UG4
£700K06/210.56 mi1, Hyde Gardens, Eastbourne, East Sussex BN21 4PN4
£650K05/250.59 mi14, Lushington Road, Eastbourne BN21 4LL4
£650K05/250.59 mi14, Lushington Road, Eastbourne BN21 4LL4
£424.5K06/230.59 mi68, Moy Avenue, Eastbourne, East Sussex BN22 8UQ4
£575K02/230.59 mi16, Gorringe Road, Eastbourne, East Sussex BN22 8XL4
£595K09/240.6 mi35, Hartfield Road, Eastbourne, East Sussex BN21 2AR4
£344K03/250.61 mi97b Whitehouse Cottage, South Street, Eastbourne BN21 4LR4
£344K03/250.61 mi97b Whitehouse Cottage, South Street, Eastbourne BN21 4LR4
£397.5K06/210.66 mi19, Astaire Avenue, Eastbourne, East Sussex BN22 8UN4
£945K10/240.67 mi27 Little Lodge, Wish Road, Eastbourne BN21 4NX4
£420K06/250.68 mi39, Desmond Road, Eastbourne BN22 7LE4
£420K06/250.68 mi39, Desmond Road, Eastbourne BN22 7LE4
£515K05/250.68 mi5, Hardwick Road, Eastbourne BN21 4NY4
£515K05/250.68 mi5, Hardwick Road, Eastbourne BN21 4NY4
£600K02/230.68 mi29, St Annes Road, Eastbourne, East Sussex BN21 2DJ4
£480K03/230.68 mi1, Churchfield Square, Eastbourne, East Sussex BN21 2GN4
£240K08/210.71 mi179, Ringwood Road, Eastbourne, East Sussex BN22 8UW4
£480K11/220.71 mi157, Ringwood Road, Eastbourne, East Sussex BN22 8UW4
£385K06/210.72 mi3, Camden Road, Eastbourne, East Sussex BN21 4SU4
£367K11/240.73 mi149, St Philips Avenue, Eastbourne BN22 8NB4
£447K08/250.73 mi4, Marlow Avenue, Eastbourne BN22 8SJ4
£445K12/240.75 mi55, Harding Avenue, Eastbourne, East Sussex BN22 8PL4
£870K06/210.77 miBarncote, Blackwater Road, Eastbourne, East Sussex BN21 4JB4
£350K10/220.83 mi29, Badlesmere Road, Eastbourne, East Sussex BN22 8TL4
£415K06/250.83 mi15, Mortimer Road, Eastbourne BN22 8TJ4
£415K06/250.83 mi15, Mortimer Road, Eastbourne BN22 8TJ4

Local Area Statistics

Population in BN22

32,808

Population in Eastbourne

107,152

Town centre distance

0.47 miles away

Nearest school

0.10 miles away

Nearest train station

0.62 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+2%

Sales demand

Balanced market

Capital growth (5yrs)

+24%

Property History

Price changed to £335,000

April 1, 2025

Listed for £350,000

March 10, 2025

Floor Plans

Property image

Description

  • Terraced House +
  • Four Bedrooms +
  • Investment Opportunity +
  • Period Property +
  • Gas Central Heating +
  • Very Well Presented Throughout +
  • Town Center Location +
  • No Onward Chain +

Investment opportunity
New to market this spacious four/five bedroom period property currently run as an HMO ideally located close to Eastbourne Town Centre.
This property currently generates £29'700 per annum.
The property is very well presented throughout. Benefits include gas central heating and double glazing.
The property is an excellent opportunity for an investment and available with no onward chain.
Call Leaders to arrange a viewing
Agent Notes- Successful buyers will be required to complete online identity checks provided by Lifetime Legal. The cost of these checks is £80 inc. VAT per purchase which is paid in advance, directly to Lifetime Legal. This charge verifies your identity in line with our obligations as agreed with HMRC and includes mover protection insurance to protect against the cost of an abortive purchase

Agent Details

Leaders Sales, Eastbourne

01302 490634

Next Steps?

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