Seaside Road, Eastbourne, East Sussex, BN21 3PA
- PROPERTY TYPE
Maisonette
- BEDROOMS
5
- BATHROOMS
3
- SIZE
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Key features
- Top floor HMO maisonette (1,458 sq ft)
- Competitively priced for 28-day auction and chain free
- Gross yield = 20% (based on guide price)
- To be sold with tenants in situ
- Situated above commercial
- Service charge - £1,056 pa
- Ground rent = £50 pa
- 5 bedrooms (159.42, 138.92, 110.26, 96.90 sq ft)
- 3 Bathrooms (31.35, 30.25, 15.81 sq ft)
- Spacious living room and fitted kitchen (273.34 sq ft)
Description
Property Solvers Online Auctions is delighted to present this 1,458 sq ft top-floor HMO maisonette located on Seaside Road, Eastbourne, East Sussex. This property is perfect for an investor seeking a high-yield investment.
This substantial 5-bedroom HMO maisonette offers an exciting opportunity for investors seeking strong rental income and a property specifically suited to the highly sought-after shared accommodation market. Arranged to provide multiple bedrooms and communal living accommodation, this property is ideally positioned to appeal to professional tenants and other occupants seeking affordable, well-located accommodation in Eastbourne. The established HMO configuration provides investors with the opportunity to generate multiple rental streams from a single property, making this an attractive addition to an income-focused portfolio currently selling at a 20% gross yield.
For investors, the property's 5-bedroom HMO layout (159.42, 138.92, 110.26, 96.90 sq ft), 3 bathrooms (31.35, 30.25, 15.81 sq ft) and spacious living room and fitted kitchen (273.34 sq ft) are key attractions, offering the potential for multiple income-producing rooms and an enhanced rental return compared with a traditional single-let property. Whether you are an experienced HMO operator looking to expand your portfolio or an investor seeking an opportunity with strong income-producing potential, Seaside Road offers a compelling proposition in a well-established Eastbourne location. Buyers should satisfy themselves regarding the current HMO licence, permitted occupancy, planning position and rental arrangements.
Located on Seaside Road, the property benefits from a convenient Eastbourne location with a wide range of local shops, amenities, restaurants and transport connections close by. Eastbourne town centre and the seafront are also within easy reach, providing excellent connectivity and access to the area's employment, leisure and retail facilities. The location is well suited to HMO accommodation, with demand driven by tenants looking for practical and competitively priced housing close to the town's amenities.
More Information
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The preliminary legal pack can be viewed directly via the auction listing itself. Property Solvers Auctions will update the legal pack and inform all parties that express interest in bidding. For conveyancing searches that are not received in time for the auction, a Professional Indemnity Insurance policy can be taken out.
Notice to Bidders
Please be aware that if your bid is successful on auction day, the exchange of contracts will happen immediately after the Auction. A 10% deposit will be required.
As part of the Property Solvers Online Auction process, bidders will be required to register online and provide proof of ID documents (passport and photo driving license). For a full list of requirements, please see the legal pack documents.
Buyer Reservation Fee
A 2% + VAT (non-refundable) fee (subject to a minimum of £2,000 + VAT) plus a £125 + VAT processing fee will be due from the winning bidder.
Generally speaking, guide prices are provided as an indication of each seller's minimum expectation, i.e. 'the reserve'. They are not necessarily figures which a property will sell for and may change at any time prior to the auction.
Virtually every property will be offered subject to a reserve (a figure below which the auctioneer cannot sell the property during the auction) which we expect will be set within the guide range or no more than 10% above a single figure guide.
- 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.
- On street
- 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.
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Energy performance certificate - ask agent
Seaside Road, Eastbourne, East Sussex, BN21 3PA
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Visit our security centre to find out moreDisclaimer - Property reference 29431. 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 Property Solvers, London. 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.
Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Property Solvers, London on 0800 044 3798.
*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.
Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”
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