Royal Parade, Eastbourne
BE

Royal Parade, Eastbourne

By Bees Homes

£ 850,000

Reviews

3 out of 5 stars

Bees Homes says ..

Located along Eastbourne's picturesque promenade, this established 10-bedroom guest house offers breathtaking sea views and a wealth of potential. Originally built in 1880 as a retreat for a wealthy businessman, the property has been transformed into a thriving B&B with outstanding guest reviews.

Property Oracle says ..

The property is located on Royal Parade in Eastbourne, East Sussex. The area benefits from being close to the seafront, with views visible from the property’s windows. The proximity to the beach is a significant positive aspect of the location, enhancing its desirability. Several schools are within a reasonable distance, including Bourne Primary School (rated ‘Good’ by Ofsted), making it potentially attractive to families. Eastbourne railway station is also relatively close, providing convenient access to other areas.

The property appears to be in excellent condition based on the provided images. The rooms are well-maintained, with modern fixtures and fittings in the bathrooms and kitchen. The interior design is consistent and suggests recent renovation or refurbishment. There is no visible evidence of wear and tear or the need for major repairs.

The property includes a small patio area, offering some outdoor space. While not extensive, it provides a pleasant area to relax.

Considering the property’s size (5,045 sqft), location on the seafront, excellent condition, and the relatively high number of bedrooms and bathrooms, the list price of £850,000 may seem reasonable. The average price per sqft in the area (£330) is significantly lower than what one might expect for a property of this size and quality in a prime location such as this. However, the lack of comparable properties with similar characteristics in the provided data makes a definitive price assessment challenging. The high number of bedrooms and bathrooms suggests the property may be suitable for use as a hotel or guesthouse, which could justify the price.

Therefore, we give this property 7 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

Price
8
Condition
10
Location
10
Land
3
Bedrooms
10
Bathrooms
10
Sqft (est)
5,045.00
Lot (est)
4,427.00

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
238,995.00 £
Decreased by 14.36 %
from 279,071.00 £
Est sale value
1,452,960.00 £
Increased by 26.87 %
from 1,145,215.00 £
Average area rental value
991.00 £/mo
Decreased by 9.99 %
from 1,101.00 £/mo
Est letting value
5,045.00 £/mo
from 0.00 £/mo
Est rental Yield
4.98 %
Increased by 5.29 %
from 4.73 %
Crime Rate
12.00 %
Unchanged by 0.00 %
from 12.00 %

Agent Activity

  • Bees Homes created the listing.

Nearby Schools

NameTypeOfstedDistance
Devonshire Children'S CentreChildren's Centre0.15 KM
Bourne Primary SchoolCommunity SchoolGood0.48 KM
Anderida Learning CentreOther Independent Special SchoolGood0.69 KM
Roselands Infants' SchoolAcademy Converter0.95 KM
Stafford Junior SchoolAcademy Sponsor Led1.59 KM

Images

Nearby Streets

NameAverage PriceAverage SqftDistance
Manifold Mews £ 000.00 KM
Abbotts Close £ 250,00000.00 KM
Sovereign Court £ 126,85600.00 KM
Whitley Road £ 270,00000.00 KM
Upper Avenue Roundabout £ 000.00 KM

Nearby Transport

NameNLCTLCDistance
Eastbourne5448EBN1.66 KM
Hampden Park (Sussex)5450HMD3.37 KM
Pevensey And Westham5461PEV5.90 KM
Pevensey Bay5462PEB7.31 KM
Polegate5455PLG7.93 KM

Nearby Listings

AddressPriceTypeScoreDistance
Royal Parade, Eastbourne £ 850,000BUY7 / 100.00 KM
Royal Parade, Eastbourne, East Sussex, BN22 £ 190,000BUY4 / 100.03 KM
Royal Parade, Eastbourne £ 264,950BUY5 / 100.04 KM
1 Marine Road, Eastbourne £ 150,000BUY7 / 100.06 KM
Marine Road, Eastbourne, East Sussex, BN22 £ 325,000BUY7 / 100.07 KM

Nearby Properties

AddressPriceDistance
1 Burfield Road £ 148,0000.08 KM
10 Marine Road £ 180,0000.09 KM
12 Marine Road £ 182,0000.09 KM
15 Marine Road £ 310,0000.09 KM
10 St Aubyns Road £ 100,0000.09 KM