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Multi Storey Car Park, Junction Road, Eastbourne, East Sussex, BN21 3QZ - Image 1
Multi Storey Car Park, Junction Road, Eastbourne, East Sussex, BN21 3QZ - Image 2
Multi Storey Car Park, Junction Road, Eastbourne, East Sussex, BN21 3QZ - Image 3
Multi Storey Car Park, Junction Road, Eastbourne, East Sussex, BN21 3QZ - Image 4
Multi Storey Car Park, Junction Road, Eastbourne, East Sussex, BN21 3QZ - Image 5
Multi Storey Car Park, Junction Road, Eastbourne, East Sussex, BN21 3QZ - Image 6
Multi Storey Car Park, Junction Road, Eastbourne, East Sussex, BN21 3QZ - Image 7
Multi Storey Car Park, Junction Road, Eastbourne, East Sussex, BN21 3QZ - Image 8
Multi Storey Car Park, Junction Road, Eastbourne, East Sussex, BN21 3QZ - Image 9
Multi Storey Car Park, Junction Road, Eastbourne, East Sussex, BN21 3QZ - Image 10
Multi Storey Car Park, Junction Road, Eastbourne, East Sussex, BN21 3QZ - Image 11
Multi Storey Car Park, Junction Road, Eastbourne, East Sussex, BN21 3QZ - Image 12
Multi Storey Car Park, Junction Road, Eastbourne, East Sussex, BN21 3QZ - Image 13
Multi Storey Car Park, Junction Road, Eastbourne, East Sussex, BN21 3QZ - Image 14
Multi Storey Car Park, Junction Road, Eastbourne, East Sussex, BN21 3QZ - Image 15
Multi Storey Car Park, Junction Road, Eastbourne, East Sussex, BN21 3QZ - Image 16

Multi Storey Car Park, Junction Road, Eastbourne, East Sussex, BN21 3QZ

South East

£1,500,000
Listed on 26/03/2026

Property Details

Bedrooms
N/A
Type
Block Of Apartments

Description

This property presents a compelling development opportunity in Eastbourne, featuring approved planning permission to construct 101 residential apartments. Comprising a mix of 33 one-bedroom, 56 two-bedroom, and 12 three-bedroom units, the project will span a total Gross Internal Area of 72,069 square feet across two cores in a newly designed five-storey building. Situated conveniently just a short walk from Eastbourne Railway Station and approximately half a mile from the seafront, this prime location is ideal for attracting potential residents. Additionally, the site offers significant financial incentives, including no Community Infrastructure Levy obligations and refundable contributions on affordable housing provisions. Given its current status as a vacant car park slated for demolition, this investment not only provides immediate development potential but also allows for flexibility in terms of funding with grant opportunities available across all units.

Investment Analysis

(BN21 area)
Area Average
£311/sq ft
Avg Rent (weekly)
£242
Avg Yield
4.6%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£1,500,000 - £2,500,000
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
16%
Properties sold annually

Local Market Trend (BN21)

Area prices are falling by -6.2% over the last 12 months
3 year growth: -2.6%
5 year growth: +1.0%
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

Multi Storey Car Park, Junction Road, Eastbourne, East Sussex, BN21 3QZ
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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
£5,410
Based on a loan of £1,125,000 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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