Eastbourne, BN22 8AL | Investment Property for Sale | VES-BN22-001

Opportunity to purchase a HMO property in Eastbourne generating £84,084 rent pa & 9.1% gross yield

£925,000

HMO End of Terrace House

VES-BN22-001

INITIAL INVESTMENT

£297,750

Based on

deposit: £231,250

stamp duty: £64,000

mortgage fees: £1,500

conveyancing fees: £1,000

GROSS RENT

£84,084

GROSS YIELD

9.1%

ADD TO FAVOURITES

The property

TENANCY

Tenanted

TENURE

Freehold

11 bedrooms

11 bathrooms

0

2,120

Fully Furnished

Property information

  • Fully HMO licenced
  • 6 x double bedrooms with ensuite bathrooms
  • 5 x single bedrooms with ensuite bathrooms
  • 2 x Shared kitchen/diner
  • Comes with a rear garden
  • EPC rating D
  • Council tax band C

Rental information

  • Room 1 - £637 pcm
  • Room 2 - £637 pcm
  • Room 3 - £637 pcm
  • Room 4 - £637 pcm
  • Room 5 - £637 pcm
  • Room 6 - £637 pcm
  • Room 7 - £637 pcm
  • Room 8 - £637 pcm
  • Room 9 - £637 pcm
  • Room 10 - £637 pcm
  • Room 11 - £637 pcm
  • Monthly rental income: £7,007
  • Annual rental income: £84,084

Running costs

The vendor provided us with the following running costs of the property:

  • Council tax: £150 pcm
  • Gas: £50 pcm
  • Electricity: £150 pcm
  • Water: £120 pcm
  • Wifi: £66 pcm
  • TV licence: £13 pcm
  • Cleaner: £120 pcm
  • Total cost pcm: £669
  • Total cost pa: £8,028

Location information

  • The property is located just outside Eastbourne town centre
  • Many local amenities are just a short walk from the property
  • Eastbourne railway station is 0.7 miles away and can easily be reached within a 15-minute walk
  • The promenade is a short walk away

Note

Please note that Vesta has not visited this property and that the vendor has provided all material.

Floorplans

Documents available on request, please contact for viewings or further questions.

The information relating to this property is supplied by the vendor and was the latest available information at the time of listing. Certain information may expire or become inaccurate over time.

Vesta makes no warranty as to the accuracy or completeness of the property listing or any associated information. All information should be reviewed by the purchaser and their solicitor.

About Eastbourne, East Sussex

Eastbourne is a town, seaside resort in East Sussex on the south coast of England, 19 miles (31 km) east of Brighton. Eastbourne is immediately to the east of Beachy Head, the highest chalk sea cliff in Great Britain and part of the larger Eastbourne Downland Estate.

It is a popular area for people looking to escape city life and in 2013 was voted the fourth best place to live by the sea in the UK.

As a seaside resort Eastbourne has a large and increasing income from tourism, with revenue from tourism increased by conferences, public events and cultural sightseeing. Eastbourne has a broad economic base and is home to companies in a wide range of industries in trade and retail, healthcare, education, construction, manufacturing, professional scientific and the technical sector.

Eastbourne has regeneration underway with an £85million investment to improve the town centre, develop the shopping and recreational facilities at the Arndale Centre and build the Devonshire Park sport and cultural complex. Combine this with Eastbourne’s direct trains to London Victoria, it will only attract more people to this fantastic location and property prices are likely to continue to rise.

Eastbourne is the amongst the fastest growing seaside towns in the UK. It is predicted by Savills that in the next 4 years the South East will see around a further 20-25% rise in property prices.

Willowfield Road,

Eastbourne,

East Sussex,

England,

BN22 8AL

What makes us different?

Vesta’s sole purpose is to make buying and selling rental property easy for both landlords and tenants.

Benefits include:

  • Buy tenanted property
  • Huge choice for all budgets
  • View property performance data
Learn more >

Questions?

Our sales team is standing by to help.

Important Note

All information contained in this website is provided as a guideline only, is based on estimates and assumptions, may not be accurate or complete, and is subject to change. We make no representations or warranties with regards to this information, expressed or otherwise. A buyer who relies on such information does so at their own risk. Buyers are advised to seek independent financial advice and should undertake their own due diligence.

Your capital is at risk. Property values may decline and the property might not be able to be rented at amounts sufficient to cover debt interest costs, operating expenses and liabilities, and might not result in a positive cash flow. Property is an illiquid asset and should not be viewed as a short-term investment.

In no event will we be liable for any loss or damage, including without limitation any loss or damage arising directly or indirectly out of or in connection with the use of this website and the information contained therein.

Vesta Property is a full member of the Property Ombudsman (TPO) and commits to TPO Codes of Practice

Chartered Trading Standards Institute - Approved Code

Authorised and regulated by the property ombusdman

Copyright © 2022 Vesta Global Limited. All rights reserved.