South Street, Eastbourne
MI

South Street, Eastbourne

By Milestone Sales & Lettings Ltd

£ 700,000

Reviews

2 out of 5 stars

Milestone Sales & Lettings Ltd says ..

** Price £700,000 **Prime Investment Opportunity in Central Eastbourne Overview We are pleased to present an exceptional investment opportunity in one of Eastbourne's finest areas. This recently converted building

Property Oracle says ..

This property on South Street, Eastbourne, presents a mixed bag of features. Its location in the Meads area is highly desirable, being close to the town centre, seafront, and several well-regarded schools. This proximity to amenities, combined with a convenient location relative to Eastbourne railway station, increases the property’s attractiveness. However, the images clearly reveal the property is in an unfinished state, despite the completed renovation of the interior. While the structure appears sound and the internal renovations show a modern aesthetic with five bedrooms and five bathrooms, the lack of finishing touches lowers its present condition score. Furthermore, the absence of a garden, despite a quoted plot size, makes it less appealing to families looking for outdoor space. The £700,000 price tag requires further analysis of the recently completed sale prices of similar properties in the area to determine its overall value. A completed property in this desirable area, with this number of rooms, and in good condition, would likely fetch a higher price. Buyers should factor the expected cost of completion into their budget, which might influence the overall perception of value. Therefore, this property’s appeal will hinge on the potential for value appreciation post-completion and the buyer’s willingness to undertake or pay for the finishing touches.

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
6
Location
8
Land
1
Bedrooms
5
Bathrooms
5
Sqft (est)
2,234.59
Lot (est)
3,079.12

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 %
from 368,793.00 £
Est sale value
900,539.77 £
Increased by 9.51 %
from 822,329.12 £
Average area rental value
1,214.00 £/mo
Decreased by 5.45 %
from 1,284.00 £/mo
Est letting value
2,234.59 £/mo
Unchanged by 0.00 %
from 2,234.59 £/mo
Est rental Yield
3.86 %
Decreased by 7.66 %
from 4.18 %
Crime Rate
9.00 %
Unchanged by 0.00 %
from 9.00 %

Agent Activity

  • Milestone Sales & Lettings Ltd created the listing.

Nearby Schools

NameTypeOfstedDistance
Eastbourne CollegeOther Independent School0.34 KM
Gildredge HouseFree SchoolsGood1.32 KM
St Thomas A Becket Catholic Primary SchoolVoluntary Aided SchoolGood1.46 KM
Bourne Primary SchoolCommunity SchoolGood1.50 KM
Anderida Learning CentreOther Independent Special SchoolGood1.67 KM

Images

Nearby Streets

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

Nearby Transport

NameNLCTLCDistance
Eastbourne5448EBN0.43 KM
Hampden Park (Sussex)5450HMD3.43 KM
Polegate5455PLG7.31 KM
Pevensey And Westham5461PEV7.45 KM
Pevensey Bay5462PEB9.02 KM

Nearby Listings

AddressPriceTypeScoreDistance
South Street, Eastbourne £ 700,000BUY5 / 100.00 KM
Grange Gardens, Furness Road, Eastbourne £ 365,000BUY7 / 100.05 KM
College Road, Eastbourne, East Sussex, BN21 £ 314,950BUY8 / 100.06 KM
South Street, Eastbourne, BN21 £ 170,000BUY5 / 100.06 KM
South Street, Eastbourne £ 140,000BUY6 / 100.07 KM

Nearby Properties

AddressPriceDistance
3b College Road £ 162,5000.05 KM
9a College Road £ 145,0000.05 KM
9 College Road £ 220,0000.05 KM
3a College Road £ 150,0000.05 KM
52a South Street £ 60,0000.07 KM