3 × 2-bed flat · BN21 4PB
For saleListed 42 days
Opportunity summary
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About
Detached Residential Freehold Arranged As 4 x Self-Contained Flats Detached Residential Freehold Arranged As 4 x Self-Contained Flats Description - A unique opportunity to purchase this prestigious detached residential freehold property.
The accommodation is configured over 4 main floors, including lower ground, ground, first and second floors, arranged as 4 self-contained flats.
Please note, the lower ground floor flat is sold off on a 90 year long lease. The ground, first and second floor flats are deceptively large and will be sold with vacant possession.
The property also benefits from a good sized shared communal rear garden between flats 1, 2 and 3.
Situation - The property is located in Spencer Road, close to the Memorial Roundabout and within Eastbourne’s immediate town centre.
Numerous amenities are close by including The Beacon shopping centre, various cafes and restaurants and the famous Devonshire Park, home to the Lexus Eastbourne Open tennis tournament.
The mainline railway station, with direct links to London and Brighton, is within walking distance, as is the seafront.
Accommodation - The property has the following approximate Gross internal floor areas: Lower Ground Ground 116.72sqm First 107.32sqm Second 96.49sqm Total320.53sqm Epc's - Lower Ground- D Flat 1 - D Flat 2 - D Flat 3 - C Council Tax - Lower Ground- B Flat 1 - D Flat 2 - C Flat 3 - C Tenancies - Lower Ground - Sold off on a long lease for a term of 90 years from November 1977.
Current ground rent is £50pa, increasing on each 30th anniversary of the term up to £100pa.
Flat 1 - N/A & To be sold with vacant possession Flat 2 - N/A & To be sold with vacant possession Flat 3 - N/A & To be sold with vacant possession Vat & Legal Fees - We understand the property is not elected for VAT.
Each party to bear their own legal costs incurred
Value & comps
No previous sales on record.
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 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
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FAQ
About Spencer Road, Eastbourne
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