Cornfield Terrace, Eastbourne, East Sussex, BN21
By GPS Business Sales
£ 475,000
Reviews
2 out of 5 stars
GPS Business Sales says ..
*** Guide Price £475,000 to £500,000 *** An eight-bedroom HMO in the town centre of Eastbourne, which is suitable for continued HMO use, family home or development.
Property Oracle says ..
This is a substantial terraced property currently operating as a House of Multiple Occupation (HMO) in Eastbourne. The property offers eight bedrooms and two bathrooms, spanning over 2,024 square feet. While the location is convenient, with proximity to Eastbourne train station and local amenities, the interior condition suggests a need for modernisation. The asking price of £475,000 appears reasonable when considering the size of the property and its potential for generating rental income as an HMO, especially given the lower-than-average price per square foot compared to other properties in the area. However, prospective buyers should factor in renovation costs to bring the property up to a more modern standard.
Therefore, we give this property 5 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *
- Price
- 7
- Condition
- 5
- Location
- 7
- Land
- 3
- Bedrooms
- 8
- Bathrooms
- 2
- Sqft (est)
- 2,024.00
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
- 377,300.00 £Increased by 2.31 %
- Est sale value
- 815,672.00 £Increased by 9.51 %
- Average area rental value
- 1,214.00 £/moDecreased by 5.45 %
- Est letting value
- 2,024.00 £/moUnchanged by 0.00 %
- Est rental Yield
- 3.86 %Decreased by 7.66 %
- Crime Rate
- 5.00 %Unchanged by 0.00 %
Agent Activity
GPS Business Sales created the listing.
Nearby Schools
| Name | Type | Ofsted | Distance |
|---|---|---|---|
| Eastbourne College | Other Independent School | 0.65 KM | |
| Bourne Primary School | Community School | Good | 1.11 KM |
| Devonshire Children'S Centre | Children's Centre | 1.24 KM | |
| Anderida Learning Centre | Other Independent Special School | Good | 1.35 KM |
| St Thomas A Becket Catholic Primary School | Voluntary Aided School | Good | 1.63 KM |
Images
Nearby Streets
| Name | Average Price | Average Sqft | Distance |
|---|---|---|---|
| Connaught Road | £ 0 | 0 | 0.00 KM |
| Junction Road | £ 0 | 0 | 0.00 KM |
| Upper Avenue Roundabout | £ 0 | 0 | 0.00 KM |
| Whitley Road | £ 270,000 | 0 | 0.00 KM |
| Abbotts Close | £ 250,000 | 0 | 0.00 KM |
Nearby Transport
| Name | NLC | TLC | Distance |
|---|---|---|---|
| Eastbourne | 5448 | EBN | 0.63 KM |
| Hampden Park (Sussex) | 5450 | HMD | 3.53 KM |
| Pevensey And Westham | 5461 | PEV | 7.15 KM |
| Polegate | 5455 | PLG | 7.64 KM |
| Pevensey Bay | 5462 | PEB | 8.65 KM |
Nearby Listings
| Address | Price | Type | Score | Distance |
|---|---|---|---|---|
| Cornfield Terrace, Eastbourne | £ 159,950 | BUY | 6 / 10 | 0.00 KM |
| Cornfield Terrace, Eastbourne, East Sussex, BN21 | £ 475,000 | BUY | 5 / 10 | 0.00 KM |
| Cornfield Terrace, Eastbourne | £ 525,000 | BUY | 5 / 10 | 0.03 KM |
| Cornfield Lane, Eastbourne | £ 130,000 | BUY | 5 / 10 | 0.04 KM |
| Cornfield Terrace, Eastbourne | £ 350,000 | BUY | 6 / 10 | 0.06 KM |
Nearby Properties
| Address | Price | Distance |
|---|---|---|
| 6 Cornfield Terrace | £ 155,000 | 0.01 KM |
| 1a Cornfield Terrace | £ 107,000 | 0.01 KM |
| 14 Wish Road | £ 455,000 | 0.07 KM |
| 2a Cornfield Lane | £ 136,000 | 0.08 KM |
| 14 Cornfield Terrace | £ 390,000 | 0.08 KM |