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Michelham Close, Eastbourne, East Sussex, BN23 - Image 1
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Michelham Close, Eastbourne, East Sussex, BN23

South East

£289,950
Listed on 28/12/2025

Property Details

Bedrooms
3
Type
Semi-detached house
Area
989 sqft

Description

Situated in a peaceful cul-de-sac in the sought-after area of Langney, this three-bedroom semi-detached home offers a promising investment opportunity for buyers wishing to enhance their living space. The property is conveniently located near local amenities, schools, and parks, while being just a short drive from both Eastbourne’s seafront and town centre. The house benefits from owned solar panels that contribute to energy efficiency and reduced utility bills. Off-road parking is available alongside a garage, providing ample storage and vehicle accommodation. Upon entering, guests are greeted by a bright hallway that includes a downstairs W/C for convenience. The expansive kitchen/diner occupies the width of the property, presenting an excellent chance for modernization into an open-plan design ideal for contemporary family living. Although it currently requires some updates, its spacious layout promises great potential. The inviting living room features natural light and pleasant views, perfect for evening relaxation after a busy day. On the upper floor are three generously-sized bedrooms, which have recently been fitted with laminate flooring; fresh carpeting on the stairs adds to the modern aesthetic. The bathroom stands out with tasteful decorative choices, featuring quality fittings that deliver a touch of everyday luxury. The rear garden provides a private retreat with scope for landscaping or developing seating areas tailored to your preferences. In summary, this property balances comfort and practicality with significant renovation potential within a desirable part of Eastbourne. With energy-efficient features and room for personal touches, it awaits new owners ready to invest in its future.

Investment Analysis

(BN23 area)

Below Market Value

This property is priced -13.0% below area average per sq ft

-13.0%
Potential saving
This Property
£293/sq ft
Area Average
£337/sq ft
Avg Rent (weekly)
£294
Avg Yield
5.1%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £25,000
Target Value
£366,568
10% above area average per sq ft
Potential ROI
+16.4%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
35
Average per month
Market Turnover
48%
Properties sold annually

Local Market Trend (BN23)

Area prices are falling by -5.5% over the last 12 months
3 year growth: -9.6%
5 year growth: +5.9%
Investment Disclaimer: Analysis based on BN23 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

Michelham Close, Eastbourne, East Sussex, BN23
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£1,046
Based on a loan of £217,462 over 30 years at 4.06% 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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