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Eastbourne, East Sussex

South East

£650,000
Listed on 05/01/2026

Property Details

Bedrooms
17
Type
Detached house
Area
4973 sqft

Description

Situated in the desirable Devonshire Park area of Eastbourne, this mid-terrace Victorian property, dating back to approximately 1880, presents a unique investment opportunity. The recent £54 million redevelopment of the local area has enhanced its cultural and sporting appeal, positioning it as an attractive option for both business and leisure visitors. The guest house overlooks a charming Garden Square and enjoys partial sea views from the front elevation. With a strategic location just ten minutes from the main shopping district and close to notable attractions such as theatres and the Towner art gallery, this property stands to benefit significantly from ongoing visitor influxes, especially during major events like the International Tennis Tournament and Airbourne airshow. The building boasts five storeys with structural integrity intact; however, many interior elements would greatly benefit from thoughtful modernization to maximize its potential as a guest accommodation facility. Currently, the layout includes 16 guest bedrooms each with en-suite facilities, a guest lounge, commercial kitchen, and former dining room that could be restored or adapted for alternative uses. Additionally, it offers owner’s quarters comprising a spacious lounge and double bedroom with en-suite. This property is equipped with a passenger lift serving all floors—an asset in enhancing accessibility. With careful renovation focusing on updating amenities while preserving its historical character, this property could be transformed into a thriving hospitality venue that capitalizes on Eastbourne's growing popularity.

Investment Analysis

(BN21 area)

Below Market Value

This property is priced -58.2% below area average per sq ft

-58.2%
Potential saving
This Property
£131/sq ft
Area Average
£313/sq ft
Avg Rent (weekly)
£251
Avg Yield
4.8%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£150,000 - £250,000
Target Value
£1,711,657
10% above area average per sq ft
Potential ROI
+90.2%
After renovation
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

Eastbourne, East Sussex
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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
£2,381
Based on a loan of £487,500 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