Enys Road, Eastbourne

Under Offer
£630,000
  • Ref: 1000_RS0176
  • Type: Terraced House
  • Availability: Under Offer
  • Bedrooms: 10
  • Bathrooms: 3
  • Reception Rooms: 1
  • Tenure: Freehold
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Property Features

  • 10 bed HMO
  • Close to Local Amenities
  • Close To Station
  • Sought After Location

Property Summary

Exceptional 10-Bedroom HMO Investment Opportunity in Eastbourne

Milestone Sales proudly presents a remarkable investment opportunity - a sprawling 10-bedroom House in Multiple Occupation (HMO) with unique features that set it apart in the vibrant

Full Details

Exceptional 10-Bedroom HMO Investment Opportunity in Eastbourne

Milestone Sales proudly presents a remarkable investment opportunity - a sprawling 10-bedroom House in Multiple Occupation (HMO) with unique features that set it apart in the vibrant real estate landscape of Eastbourne.

Property Highlights:

10 Bedrooms (9 Rooms with 1 Studio Flat)
Kitchenettes in Each Room
Two En-suite Rooms
Two Additional Shower Rooms and W/C's
Electricity-Only
Currently Generating £57,840 Per Annum
Investment Potential:
Situated over four floors, this substantial property generates an impressive £60,000 per annum, showcasing its lucrative investment potential. With meticulous planning, the projected income is expected to rise to an outstanding £72,000 per annum.

Occupancy and Tenant Comfort:
All ten rooms are currently fully occupied, reflecting the property's desirability. Each tenant enjoys the convenience of their own kitchenette, adding an extra layer of independence and comfort to their living space.

Shower Facilities:
Ensuring tenant convenience, the property features two en-suite rooms, complemented by two additional communal shower rooms and W/C's. The potential for additional en-suites in other rooms exists, providing an opportunity to maximize rental income further.

Period Charm Meets Modern Convenience:
This property seamlessly blends old-world charm with modern comfort. Original period features, spacious accommodation, and high ceilings evoke a sense of character and uniqueness, making it an attractive investment in the historic Eastbourne area.

Potential for Individual Electricity Meters:
While currently serviced by a single electricity supply, the property presents an exciting opportunity to reintroduce individual electricity meters. The infrastructure is in place, offering potential for enhanced flexibility in utility management.

Fees:
A 1% + VAT fee is applicable, providing comprehensive support and services throughout the investment process.

Contact Us:
For detailed information, property viewings, or to discuss this exceptional investment opportunity further, please contact Milestone Sales today. Seize this chance to be part of an investment that seamlessly marries history with modernity!

Tenure: Freehold