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68, Langney Road, Eastbourne, East Sussex

PROPERTY TYPE

House of Multiple Occupation

BEDROOMS

8

BATHROOMS

3

SIZE

1,830 sq ft

170 sq m

TENURE
Describes 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

  • Eight-room HMO licensed for eight households and 10 individuals
  • Offered with vacant possession
  • All bedrooms fitted with wash-hand basins
  • Communal living and dining area
  • Two kitchens and a separate utility room
  • Located close to Eastbourne town centre

Description

Summary
An excellent opportunity to acquire an eight-room House in Multiple Occupation (HMO), licensed for up to eight households and 10 individuals. The property is offered with vacant possession and provides well-arranged accommodation over three floors, including eight bedrooms, communal living and dining space, two kitchens, three shower rooms with WCs and a separate WC.

The property is in excellent condition and has recently been redecorated throughout, making it an attractive proposition for investors, HMO operators and organisations seeking accommodation for individuals. There is strong demand for this type of accommodation from working professionals, corporate operators, supported and sheltered accommodation providers, and local authorities requiring temporary housing.
Location
The property is situated on Langney Road, conveniently located for Eastbourne town centre and its wide range of shopping, leisure and other amenities. Eastbourne is a popular coastal town with a diverse residential population and established demand for affordable, conveniently located accommodation.

The town has a population of more than 100,000 and benefits from rail services to London, Brighton, Hastings and other destinations, together with road connections via the A22 and surrounding road network. Its combination of employment opportunities, transport links and local amenities supports demand for shared accommodation from working individuals and other occupiers.

Accommodation
The property is arranged over three floors and provides eight bedrooms; all fitted with wash-hand basins. The ground floor incorporates two double bedrooms, an open-plan living and dining area with kitchen, a utility room and a shower room with WC. The first floor provides four further bedrooms, a shower room with WC and a separate WC. The second floor comprises two additional double bedrooms, a further shower room and a second kitchen.

The layout offers flexibility for a range of HMO operating models, subject to the terms of the existing licence and all relevant regulatory requirements. The additional kitchen and communal facilities will also appeal to specialist accommodation operators.

The property is offered with vacant possession, allowing an incoming purchaser to implement their own letting and management arrangements.

Accommodation Schedule

Ground Floor

• Double bedroom – 12.9 sq m

• Double bedroom – 12.3 sq m

• Living area – 15.0 sq m

• Kitchen area – 9.5 sq m

• Utility room – 8.8 sq m

• Shower room – 4.0 sq m

First Floor

• Double bedroom – 10.1 sq m

• Double bedroom – 11.7 sq m

• Double bedroom – 12.0 sq m

• Single bedroom – 8.4 sq m

• Shower room with WC – 4.8 sq m

• Separate WC


Second Floor

• Double bedroom – 12.6 sq m

• Double bedroom – 10.6 sq m

• Shower room

• Kitchen – 6.2 sq m

Investment Potential
The property offers an opportunity to acquire an established, licensed HMO with vacant possession and scope for an incoming operator to establish their own occupation and management arrangements.

Demand for this type of accommodation comes from a range of sources, including working individuals seeking affordable rooms, corporate organisations providing accommodation for their service users, supported and sheltered accommodation operators, and local authorities sourcing temporary accommodation.

The existing eight-household, 10-individual licence, together with the provision of eight bedrooms, communal living space, two kitchens and multiple shower facilities, provides a useful foundation for a variety of potential operating strategies. Prospective purchasers should satisfy themselves as to the permitted use, licensing conditions, suitability for their intended occupiers and any additional regulatory requirements.

Brochures

Brochure 1
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.
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ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
Ground floor

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68, Langney Road, Eastbourne, East Sussex

Approximate location

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Affordability

Monthly repayments£2,765
Property: £ 550,000
Deposit: £ 55,000
Interest rate: 5.35%
Term: 30 years
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Extension potential
Recently sold & under offer
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About GPS Commercial, Eastbourne

25 The Waterfront, Sovereign Harbour, Eastbourne, BN23 5UZ

Helping You Buy and Sell Businesses, Investment Property and Commercial Premises

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Disclaimer - Property reference 31248. 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 GPS Commercial, 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.

*This is the average speed from the provider with the fastest broadband package available at this postcode. The average speed displayed is based on the download speeds of at least 50% of customers at peak time (8pm to 10pm). Fibre/cable services at the postcode are subject to availability and may differ between properties within a postcode. Speeds can be affected by a range of technical and environmental factors. The speed at the property may be lower than that listed above. You can check the estimated speed and confirm availability to a property prior to purchasing on the broadband provider's website. Providers may increase charges. The information is provided and maintained by Decision Technologies Limited.
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