8-bedroom house · BN21 3ES
For saleListed 659 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
This HMO has a licence allowing 10 occupants and 8 households. The current owners use the property to provide temporary housing which generates around £96.000 rent per year.
The property is located close to Eastbourne town centre. Eastbourne has a population of more than 100,000 and contains a full range of shopping and leisure amenities.
Recent census information shows the average age of residents decreasing as the town has attracted student, families and those commuting to London and Brighton.
The town has good transport links with rail connections to London, Gatwick Airport, Brighton, Hastings and Ashford International. It is also served by the A22 road which gives access to the M25.
Lounge - 16'0" (4.88m) x 13'3" (4.04m) A bright lounge with bay windows Kitchen - 24'0" (7.32m) x 9'10" (3m) Fully fitted kitchen with two hobs, two ovens and two sinks Laundry Room - 10'0" (3.05m) x 6'6" (1.98m) Laundry room with washer, dryer and access to rear yard Bedroom 1 - 12'0" (3.66m) x 10'10" (3.3m) Bedroom with en suite shower room Bedroom 2 - 9'10" (3m) x 9'0" (2.74m) Bedroom with en suite shower room Bedroom 3 - 10'0" (3.05m) x 9'7" (2.92m) Bedroom with en suite shower room Bedroom 4 - 12'0" (3.66m) x 10'2" (3.1m) Bedroom with en suite shower room Bedroom 5 - 16'10" (5.13m) x 8'0" (2.44m) Bedroom with en suite shower room Bedroom 6 - 11'0" (3.35m) x 9'0" (2.74m) Bedroom with en suite shower room Bedroom 7 - 12'0" (3.66m) x 10'2" (3.1m) Bedroom with en suite shower room Bedroom 8 - 13'0" (3.96m) x 11'3" (3.43m) Bedroom with en suite shower room
Value & comps
No previous sales on record.
Returns
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Archie refurb estimate: a Pro feature
0.0% below asking
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Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
Agent & docs
FAQ
About Bourne Street, Eastbourne, East Sussex, BN21
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