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Langney Road, Eastbourne, East Sussex, BN21 - Image 1
Langney Road, Eastbourne, East Sussex, BN21 - Image 2
Langney Road, Eastbourne, East Sussex, BN21 - Image 3
Langney Road, Eastbourne, East Sussex, BN21 - Image 4
Langney Road, Eastbourne, East Sussex, BN21 - Image 5
Langney Road, Eastbourne, East Sussex, BN21 - Image 6
Langney Road, Eastbourne, East Sussex, BN21 - Image 7
Langney Road, Eastbourne, East Sussex, BN21 - Image 8
Langney Road, Eastbourne, East Sussex, BN21 - Image 9
Langney Road, Eastbourne, East Sussex, BN21 - Image 10

Langney Road, Eastbourne, East Sussex, BN21

South East

£500,000
Listed on 19/12/2024

Property Details

Bedrooms
N/A
Type
Detached house

Description

This property presents a significant renovation and investment opportunity in the heart of Eastbourne. Comprising a church hall and meeting rooms, it comes with previously approved planning permission for the development of 10 one-bedroom flats (Planning Ref: 170033). Although the adjacent place of worship will remain in operation under the current owners, the sale focuses on the versatile hall and meeting spaces, which offer considerable potential for transformation. Situated in a prominent location within Eastbourne town centre, this Grade II listed building benefits from its proximity to essential amenities. Just 500 meters from the railway station and the Beacon shopping centre, residents will appreciate easy access to shopping, dining, and transportation options. The vibrant town of Eastbourne boasts a population of approximately 100,000 and is known not only for its growing community but also as a sought-after seaside destination. With attractions like the Victorian Pier, Bandstand, expansive beaches, and easy access to The South Downs National Park, this area continues to draw both visitors and new residents alike. The property’s central location combined with its mixed-use potential makes it an attractive prospect for investors looking to capitalize on Eastbourne's ongoing development. With thoughtful renovations, there is substantial promise for generating rental income or creating desirable living spaces that cater to demand in this thriving coastal town.

Investment Analysis

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

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£600,000 - £800,000
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

Langney Road, Eastbourne, East Sussex, BN21
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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
£1,832
Based on a loan of £375,000 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