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Hyde Road, Eastbourne

South East

£380,000
Listed on 27/12/2024

Property Details

Bedrooms
4
Type
Semi-detached house

Description

This end-of-terrace town house in Little Chelsea presents a compelling opportunity for renovation and investment. The property features a self-contained one-bedroom flat on the ground floor, which includes access to a private walled courtyard garden. Additionally, there are two lettable rooms on the first floor, as well as a versatile split-level bedsit on the upper level, offering options for rental income or flexible living arrangements. The location is advantageous, with local shops, The Beacon Shopping Centre, and the mainline railway station just a short walk away. Furthermore, proximity to language schools and Brighton University makes it appealing for student rentals or long-term tenants seeking convenient access to educational institutions. While the interior would benefit from modernization, this leaves room for customization according to your vision or market demands. The courtyard garden has potential not only for outdoor enjoyment but could also be transformed into off-street parking with access from Camden Road (subject to necessary permissions). This property is chain-free, allowing for a potentially swift transaction in an area that continues to grow in desirability. With thoughtful updates and strategic planning, this town house could become a profitable investment or an inviting family home.

Investment Analysis

(BN21 area)
Area Average
£313/sq ft
Avg Rent (weekly)
£251
Avg Yield
4.8%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
32
Average per month
Market Turnover
9%
Properties sold annually

Local Market Trend (BN21)

Area prices are falling by +2.6% over the last 12 months
3 year growth: -3.1%
5 year growth: 3.2%
Investment Disclaimer: Analysis based on BN21 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

Hyde Road, Eastbourne
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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
£1,392
Based on a loan of £285,000 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