Hunt Frame says ..
DEVELOPMENT OPPORTUNITY - PLANNING GRANTED FOR THE DEMOLITION OF THIS PERIOD BUILDING WITH 13 LUXURY APARTMENTS WITH ASSOCIATED PARKING. ARRANGED OVER FOUR FLOORS WITH AROUND 1047 SQ M2 OR 11,274 SQ FT OF ACCOMMODATION. Mill Road forms part of one of Eastbourne's most sought after ...
Property Oracle says ..
This property on Mill Road, Eastbourne, presents a development opportunity involving the demolition of an existing building and construction of 13 luxury apartments with associated parking. The plans indicate a multi-story building with a modern design, and the location in Upperton suggests a desirable area. Nearby listings show significantly lower prices for existing flats, but this development promises a higher-end product. The absence of existing property photographs and a more precise plot size limits the complete assessment. The £950,000 price requires further scrutiny considering the need for demolition, construction, and the lack of definitive information on the final size and specifications of each apartment. A detailed financial feasibility study examining build costs, potential resale values and market demand for luxury apartments in Eastbourne would be essential before reaching a final conclusion on the investment potential and reasonableness of the asking price. The development’s proximity to Eastbourne town centre, railway station and schools are positive factors. However, potential buyers should undertake thorough due diligence, including planning permissions and potential construction risks, before proceeding.
Therefore, we give this property 6 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *
- Price
- 6
- Condition
- 8
- Location
- 7
- Land
- 4
- Bedrooms
- 0
- Bathrooms
- 0
- Sqft (est)
- 11,840.30
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 %
- Est sale value
- 4,167,785.60 £Increased by 2.03 %
- Average area rental value
- 1,151.00 £/moIncreased by 2.22 %
- Est letting value
- 11,840.30 £/moUnchanged by 0.00 %
- Est rental Yield
- 5.62 %Increased by 52.72 %
- Crime Rate
- 1.00 %Unchanged by 0.00 %
Agent Activity
Hunt Frame created the listing.
Nearby Schools
| Name | Type | Ofsted | Distance |
|---|---|---|---|
| St Thomas A Becket Catholic Primary School | Voluntary Aided School | Good | 0.88 KM |
| Gildredge House | Free Schools | Good | 0.88 KM |
| Motcombe Infants' School | Community School | Good | 1.19 KM |
| The Cavendish School | Academy Converter | Good | 1.26 KM |
| East Sussex College Group | Further Education | 1.33 KM |
Images
Nearby Streets
| Name | Average Price | Average Sqft | Distance |
|---|---|---|---|
| Saint Anne's Road | £ 313,833 | 0 | 0.00 KM |
| Ivy Lane | £ 162,500 | 0 | 0.00 KM |
| Baker's Road | £ 169,950 | 0 | 0.00 KM |
| St. Mary's Corner | £ 0 | 0 | 0.00 KM |
| St. Mary's Cottages | £ 0 | 0 | 0.00 KM |
Nearby Transport
| Name | NLC | TLC | Distance |
|---|---|---|---|
| Eastbourne | 5448 | EBN | 1.37 KM |
| Hampden Park (Sussex) | 5450 | HMD | 2.33 KM |
| Polegate | 5455 | PLG | 5.72 KM |
| Pevensey And Westham | 5461 | PEV | 7.31 KM |
| Pevensey Bay | 5462 | PEB | 9.09 KM |
Nearby Listings
| Address | Price | Type | Score | Distance |
|---|---|---|---|---|
| Carew Road, Eastbourne | £ 199,500 | BUY | 5 / 10 | 0.09 KM |
| Carew Road, Eastbourne | £ 199,500 | BUY | 6 / 10 | 0.11 KM |
| Carew Road, Eastbourne | £ 200,000 | BUY | Unknown | 0.11 KM |
| The Quadrant, Eastbourne, BN21 | £ 515,000 | BUY | 7 / 10 | 0.11 KM |
| Ashburnham Gardens, Eastbourne, BN21 2NA | £ 720,000 | BUY | 7 / 10 | 0.12 KM |
Nearby Properties
| Address | Price | Distance |
|---|---|---|
| 10 The Quadrant | £ 144,241 | 0.11 KM |
| 2 The Quadrant | £ 147,995 | 0.11 KM |
| 5 The Quadrant | £ 377,000 | 0.11 KM |
| 1 The Quadrant | £ 320,000 | 0.11 KM |
| 12 The Quadrant | £ 350,000 | 0.11 KM |