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Royal Parade, Eastbourne

South East

£850,000
Listed on 29/03/2025

Property Details

Bedrooms
10
Type
Terraced house
Area
3466 sqft

Description

This remarkable Victorian townhouse presents a compelling investment opportunity as a well-established guest house, discreetly nestled along Eastbourne's seafront. With a total of ten en-suite guest rooms and a generously sized self-contained owner’s apartment, the property exhibits a harmonious blend of period features and modern conveniences, making it an enticing prospect for both investors and renovation enthusiasts. The guest accommodation consists of ten thoughtfully designed bedrooms, each equipped with private ensuite bathrooms. Some rooms boast stunning sea views, while others offer charming vistas of the South Downs or the historic church located at the rear. Retaining its original character, the property showcases elegant coved ceilings, sash windows, and quality finishes throughout, providing a quaint yet functional atmosphere for guests. The lower-ground floor apartment is a valuable asset, featuring independent access and essential living spaces including a comfortable living room, double bedroom, bathroom, laundry area, and kitchen. The connection between this private space and the main house includes an office area that facilitates efficient management of bookings and operations. Recent renovations have enhanced the property's comfort and safety standards. Key upgrades include the installation of a new Worcester Greenstar boiler along with modern heating systems, double-glazed windows for improved energy efficiency, and an advanced fire alarm system. The well-equipped guest kitchen features high-end Neff appliances that streamline service for guests. A standout feature is the expansive southeast-facing front terrace, adorned with new paving stones and equipped with weatherproof sockets alongside a Tesla charging point. Inside, guests can enjoy meals in an inviting dining room characterized by lofty ceilings and elegant decor combined with uninterrupted sea views. Currently operating as a profitable bed-and-breakfast with a loyal customer base, this property also holds significant potential for alternative usage. Planning permission has been granted for converting part of the building into a self-contained penthouse unit—an opportunity that could generate additional rental income or provide private accommodations. Eastbourne stands out as one of the UK's premier seaside destinations year-round. Residents will appreciate easy access to local amenities such as shops, restaurants, key attractions like Towner Art Gallery and Beachy Head—as well as convenient public transport links to London in under 90 minutes. Additionally, outdoor enthusiasts will find themselves just moments away from the scenic trails of South Downs National Park. Whether you're interested in continuing its legacy as a hospitality business or looking to explore development possibilities in an idyllic coastal setting, this property offers exceptional flexibility and potential for growth. Ideal for those seeking to invest or create their unique living space by the sea.

Investment Analysis

(BN22 area)

Below Market Value

This property is priced -24.0% below area average per sq ft

-24.0%
Potential saving
This Property
£245/sq ft
Area Average
£323/sq ft
Avg Rent (weekly)
£277
Avg Yield
4.8%

Renovation Potential

Light Refurb
Est. Renovation Cost
£200,000 - £300,000
Target Value
£1,230,135
10% above area average per sq ft
Potential ROI
+7.0%
After renovation
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

Royal Parade, 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
£3,114
Based on a loan of £637,500 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