Sussex Police, Grove Road, Eastbourne
MI

Sussex Police, Grove Road, Eastbourne

By Milestone Sales & Lettings Ltd

£ 3,500,000

Reviews

2 out of 5 stars

Milestone Sales & Lettings Ltd says ..

Grove Road, Eastbourne £3,500,000 Planning Application 170819 Planning consent for the refurbishment and extension of the former Police Station in the heart of Eastbourne town centre, creating 50 new residential apartments.

Property Oracle says ..

This property presents a unique investment opportunity involving the conversion of the former Eastbourne Police Station into 50 residential apartments. The property’s location in Upperton, Eastbourne offers easy access to the town centre, railway station, and various schools. Its central location is a significant positive. However, the images clearly indicate that the property is in need of major renovation and redevelopment. The current structure appears aged and requires extensive refurbishment before it can be occupied. A key aspect missing from the information is the individual apartment sizes and the projected value after conversion to determine true value for money. The current listing price of £3,500,000 reflects the significant costs associated with this redevelopment project. The lack of detail on the plot size and additional land is also limiting the analysis. Further due diligence including planning permissions and financial projections is needed before forming any definitive investment conclusions. Without additional information, it’s difficult to offer a precise opinion on the financial viability of this proposition. The property requires substantial investment, and the success of the project hinges upon accurate market analysis, effective planning and management, and securing appropriate finance.

Therefore, we give this property 4 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

Price
6
Condition
4
Location
7
Land
1
Bedrooms
50
Bathrooms
50
Sqft (est)
1,268.10

The heatmap indicates the level of crime in the area. The color of the heatmap indicates the crime severity and recency.

Metrics Year-on-Year

Average area value
245,817.00 £
Decreased by 32.98 %
from 366,801.00 £
Est sale value
446,371.20 £
Increased by 2.03 %
from 437,494.50 £
Average area rental value
1,151.00 £/mo
Increased by 2.22 %
from 1,126.00 £/mo
Est letting value
1,268.10 £/mo
Unchanged by 0.00 %
from 1,268.10 £/mo
Est rental Yield
5.62 %
Increased by 52.72 %
from 3.68 %
Crime Rate
0.00 %
from 0.00 %

Agent Activity

  • Milestone Sales & Lettings Ltd created the listing.

Nearby Schools

NameTypeOfstedDistance
Eastbourne CollegeOther Independent School0.50 KM
Gildredge HouseFree SchoolsGood0.99 KM
St Thomas A Becket Catholic Primary SchoolVoluntary Aided SchoolGood1.37 KM
Bourne Primary SchoolCommunity SchoolGood1.73 KM
St Andrew'S PrepOther Independent School1.80 KM

Images

Nearby Streets

NameAverage PriceAverage SqftDistance
Connaught Road £ 000.00 KM
Ivy Lane £ 162,50000.00 KM
Junction Road £ 000.00 KM
Saint Anne's Road £ 313,83300.00 KM
Upper Avenue Roundabout £ 000.00 KM

Nearby Transport

NameNLCTLCDistance
Eastbourne5448EBN0.53 KM
Hampden Park (Sussex)5450HMD3.34 KM
Polegate5455PLG7.07 KM
Pevensey And Westham5461PEV7.59 KM
Pevensey Bay5462PEB9.20 KM

Nearby Listings

AddressPriceTypeScoreDistance
Sussex Police, Grove Road, Eastbourne £ 3,500,000BUY4 / 100.00 KM
Grove Road, Eastbourne, East Sussex, BN21 4UD £ 140,000BUY6 / 100.01 KM
South Street, Eastbourne £ 159,950BUY5 / 100.12 KM
Grange Gardens, Furness Road, Eastbourne £ 335,000BUY7 / 100.12 KM
Furness Road, Eastbourne £ 380,000BUY7 / 100.15 KM

Nearby Properties

AddressPriceDistance
44 Furness Road £ 225,0000.10 KM
46 Furness Road £ 205,0000.10 KM
36 Furness Road £ 199,9500.10 KM
28 Furness Road £ 325,0000.10 KM
38 Furness Road £ 340,0000.10 KM