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Victoria Drive, Eastbourne

South East

£340,000

Listed on 01/06/2026

Property Details

Bedrooms
3
Type
House
Area
1333 sqft

Description

This semi-detached house in Old Town presents a noteworthy opportunity for renovation and investment. Featuring three bedrooms and two reception rooms, the property is situated conveniently near Albert Parade and Victoria Medical Centre. The interior layout includes a lounge, dining room, kitchen, and cloakroom on the ground floor, while the first floor accommodates three bedrooms, with the smallest currently configured as a kitchenette and wet room. The loft room boasts far-reaching views over the South Downs—a potential highlight once modernized. Although this home requires comprehensive refurbishment throughout, including updates to bathrooms and kitchens, it is close to respected local schools and public transport links for easy commuting. Additionally, the property benefits from a charming rear garden with a workshop space. Sold chain-free, this property is ideal for those looking to invest in a project with substantial upside potential.

Investment Analysis

(BN20 area)

Below Market Value

This property is priced -30.8% below area average per sq ft

-30.8%
Potential saving
This Property
£255/sq ft
Area Average
£369/sq ft
Avg Rent (weekly)
£312
Avg Yield
3.8%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£50,000 - £80,000
Target Value
£540,405
10% above area average per sq ft
Potential ROI
+28.7%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
21
Average per month
Market Turnover
5%
Properties sold annually

Local Market Trend (BN20)

Area prices are falling by -2.6% over the last 12 months
3 year growth: -4.0%
5 year growth: +5.8%
Investment Disclaimer: Analysis based on BN20 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

Victoria Drive, Eastbourne
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£1,284
Based on a loan of £255,000 over 30 years at 4.45% 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.

Stamp Duty Calculator

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