We've tightened what earns a Pursue. A home now needs a published valuation, a strategy that still makes money after real running costs and lender stress tests, and no listing problems that would stop a mortgage. You'll see fewer Pursues, and each one has been checked harder.
See how verdicts work6-bedroom house · BN21 4LR
Listing removedListed 118 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
This mid-terrace bay fronted period property is arranged over five floors as a ground floor lock-up retail/office unit with four self-contained flats occupying the rest of the premises.
All fully let and producing £56,400 per annum.
It is situated in this busy secondary commercial thoroughfare close to Eastbourne town centre, within easy reach of comprehensive shopping facilities of Gildredge Road and Cornfield Road.
The sea front and mainland station are nearby, with excellent road links to Brighton, Hastings and all surrounding areas via the nearby A27 and A259.
Ground Floor - Retail Retail unit let to Northwoods Estate Agents with a retail/office area, kitchen, separate W.C. And communal hallway with stairs to Lower Ground Floor with large store room.
Tenancy Ground Floor and lower ground floor unit is let on a 10-year full repairing and insuring lease from 13th September 2018 at a passing rent of £12,000 per annum, with 3-yearly rent reviews.
Flat A Living room with incorporated kitchen, glazed door to rear patio and bedroom with en-suite shower room/W.C.
Tenancy Let under the terms of an Assured Periodic Tenancy at a current rental of £800 per calendar month. EPC Rating C Council Tax Band A First Floor Landing.
Flat B Hallway, living room with open plan kitchen, bedroom one, stairs down to bedroom two and bathroom/W.C.
Tenancy Let under the terms of an Assured Periodic Tenancy at a current rental of £1000 per calendar month. EPC Rating E Council Tax Band B Second Floor Landing.
Flat C Hallway, living room with open plan kitchen, bedroom one, stairs leading down to bedroom two and bathroom with W.C.
Tenancy Let under the terms of an Assured Periodic Tenancy at a current rental of £1,000 per calendar month.
EPC Rating D Council Tax Band B Third Floor Flat D Living room with open plan kitchen, double bedroom and shower room/W.C.
Tenancy Let under the terms of an Assured Periodic Tenancy at a current rental of £900 per calendar month.
EPC Rating C Council Tax Band A Residential EPC: C Important: All lots are sold subject to the Common Auction Conditions and Special Conditions of Sale (unless varied by the Sellers Solicitors), together with the Addendum, which will be available on the Auction Day.
Price Information *Guides are provided as an indication of each Seller's minimum expectation.
They are not necessarily figures at which a property will sell for and may change at any time prior to Auction.
Unless stated otherwise, each Lot will be offered subject to a reserve (a figure below which the Auctioneer cannot sell the Lot during the Auction).
We expect the reserve will be set within the guide range or no more than 10% above a single figure guide.
Please check our website regularly at , or contact us on , in order to stay fully informed with the up-to-date information.
*An Administration fee and Other non-optional fees may also be payable in addition to the bid price.
All lots are offered subject to the Common Auction Conditions and Special Conditions of Sale or Revised Special Conditions of Sale (as applicable) and may include the repayment of search and other fees and or costs payable by the buyer.
All buyers are advised to inspect all available legal documentation prior to bidding and will be deemed to fully understand what they may be liable for if they are successful in purchasing.
This should also include Stamp Duty, Land Registry fees and VAT which may become payable on completion in line with any property transaction, whether it is by auction or private treaty.
If, as a buyer, you are in doubt you should seek advice from your own professional advisors. For more information on fees please go to
Value & comps
No previous sales on record.
See the independent valuation, upside vs guide, and per-strategy max bid for this lot. Sign in to see it.
Returns
Set an offer; the calculator follows it.
We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below starting price
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
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
.png)
FAQ
About 83 South Street, Eastbourne
Explore nearby