Summary - 35 LONGSTONE ROAD EASTBOURNE BN21 3SL
6 bed 3 bath Terraced
Turnkey multi-let near station with strong rental income potential at auction.
- Six-bedroom licensed HMO, currently configured for immediate tenancy
- Potential to convert reception into a seventh bedroom for higher rent
- Vacant possession; offered freehold and sold at auction
- Guide price £350,000; market value stated c. £490,000
- Buyers’ premium 2.5% + VAT; 5% deposit on exchange
- Located near mainline station; excellent mobile and fast broadband
- Very high local crime and very deprived area — consider management costs
- Some internal decoration required; compact rooms and small plot
A fully licensed six-bedroom HMO in Eastbourne town centre, offered freehold and sold by unconditional online auction. The property is currently set up for multiple occupation and is being sold with vacant possession, making it ready for immediate re-let or continued HMO operation. Guide price reflects strong rental income: advertised monthly rents of £3,600 (6-bed) or £4,200 (7-bed) suggest a healthy yield against the guide price.
Practical sale conditions are material: this is an auction lot (27th November 2025) with a 5% deposit on fall of hammer and a buyers' premium of 2.5% + VAT (minimum). Contracts exchange immediately and completion is required within 56 days. Legal pack and any special conditions must be reviewed before bidding; pre-auction offers may be considered under the same auction terms.
Location benefits include a short walk to Eastbourne mainline station with direct links to Brighton and London, local shops and bus routes close by, and excellent mobile and broadband connectivity. Off-street parking and three bathrooms help tenant demand. However, the property sits in a very deprived area with very high recorded crime — factors to weigh when setting rents, insurance and management plans.
Interior notes: living spaces are compact with standard ceiling heights; decoration work is needed in places (painting described). The building is period red-brick terraced stock and offers HMO income immediately, but buyers should check the legal pack for any additional costs, enforcement or repossession details before committing.
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