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Marine Parade, Eastbourne, East Sussex, BN22 - Image 1
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Marine Parade, Eastbourne, East Sussex, BN22

South East

£2,400,000
Listed on 23/08/2024

Property Details

Bedrooms
N/A
Type
Detached house

Description

This hotel features 37 en-suite guest rooms, providing comfortable accommodations with many offering picturesque views of the seafront. Conveniently located near the pier, bandstand, and town center, it attracts a steady flow of tourists and visitors looking for quality lodging and dining experiences. The property boasts a bright and spacious dining area that not only serves meals but also offers versatility for functions and formal gatherings. The layout includes two separate entrances and staircases, enhancing accessibility and potential for reconfiguration. Given its prime location and existing structure, there is significant opportunity for renovation or redevelopment. The rear section of the property could be transformed into residential units while maintaining the hotel accommodations at the front, making this an appealing investment for those looking to capitalize on the growing demand for both hospitality services and housing in this vibrant area.

Investment Analysis

(BN22 area)
Area Average
£323/sq ft
Avg Rent (weekly)
£277
Avg Yield
4.8%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£250,000 - £400,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
37
Average per month
Market Turnover
16%
Properties sold annually

Local Market Trend (BN22)

Area prices are stable by +0.7% over the last 12 months
3 year growth: -5.3%
5 year growth: 19.0%
Investment Disclaimer: Analysis based on BN22 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

Marine Parade, Eastbourne, East Sussex, BN22
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£8,792
Based on a loan of £1,800,000 over 30 years at 4.19% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE