HMO, Eastbourne, BN21
- PROPERTY TYPE
Terraced
- BEDROOMS
6
- BATHROOMS
6
- SIZE
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- TENUREDescribes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.
Freehold
Key features
- Renovated Recently
- Easily Converted to 8 Beds
- 2 Rooms Could be fully self contained
- High Specification
- Net Yield = 15.504%
Description
Welcome to a residence that epitomizes sophistication and investment potential, nestled in the heart of Eastbourne, East Sussex. This newly converted 6-bedroom, 6-ensuite House of Multiple Occupancy (HMO) is a testament to meticulous design and holds the promise of a lucrative venture.
Key Features:
Brand New Conversion: This property boasts a recent transformation, ensuring modern amenities and contemporary aesthetics throughout. Every detail has been carefully curated for an elevated living experience.
Versatility at Its Core: The property offers the unique opportunity for easy conversion to 8 bedrooms, allowing for a flexible approach to meet your specific vision and maximize returns.
Exceptional Presentation: Immerse yourself in an atmosphere of refined elegance. The interiors are exceptionally well presented, marrying style with practicality for a harmonious living space.
Income Potential: In its current state, the HMO has the potential to generate an impressive £50,400 annually. With the proposed conversion to 8 bedrooms, the projected income escalates to an enticing £66,720.
Location:
Nestled in the charming locale of Eastbourne, this property enjoys proximity to essential amenities, local attractions, and excellent transport links. Residents will relish the convenience of city living while savoring the tranquility of this sought-after neighborhood.
Investment Opportunity:
Whether you're an astute investor or seeking a residence with exceptional earning potential, this HMO stands as a prime investment opportunity. The ability to generate substantial income and the prospect of expansion make it a versatile choice in the Eastbourne property landscape.
Summary:
Brand new 6 bed, 6 ensuite HMO
Easy potential for conversion to 8 bedrooms
Exceptionally well presented
Current income potential: £50,400
Projected income post-conversion: £66,720
Seize the opportunity to own a property that seamlessly blends sophistication with financial promise. Arrange a viewing today to explore the full potential of this remarkable HMO in Eastbourne.
625,000
Deposit 25% = £187,500
=£187,500 x 6% £11,250 in interest per annum
Income = £50,400
£50,400 - 20% Utilities = £40,320
£40,320 - £11,250 = total Net Income £29,070
Net Yield = 15.504%
Tenure: Freehold
Brochures
Brochure- COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
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- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
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- GARDENA property has access to an outdoor space, which could be private or shared.
- Private garden
- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
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Energy performance certificate - ask agent
HMO, Eastbourne, BN21
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Eastbourne Station0.5 miles
- Hampden Park Station1.7 miles
- Pevensey & Westham Station3.5 miles
About the agent
Milestone Group, Eastbourne
39-41 Seaside, Eastbourne, BN22 7NB
Welcome to Milestone Group - Your Gateway to Specialist Investment and Engineering Services
At Milestone Group, we pride ourselves on being industry leaders in providing specialist investment and engineering services. With a team of national specialists and a network of high-end national and international buyers, we are your trusted partner in achieving exceptional results for your investment and engineering needs.
Milestone Group work with over 10,
Industry affiliations
Notes
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Visit our security centre to find out moreDisclaimer - Property reference RS0711. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Milestone Group, Eastbourne. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
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