One-bedroom auction purchase near shops, seafront and station—cash or refurbishment buyer preferred.
Central location — walking distance to shopping, seafront and station
Vacant ground-floor one-bedroom apartment, approx 52 sqm (559 sq.ft)
Victorian features: bay window, high ceilings; period conversion character
EPC C, mains gas boiler and radiators; double glazed (unknown install date)
Short lease ~61 years — many lenders may refuse mortgage finance
Sold at auction; buyers' premium (£1,560 inc VAT) and extra charges apply
Very high local crime and very deprived area — impacts lettability/resale
Requires refurbishment; possible damp and no wall insulation assumed
A one-bedroom ground-floor leasehold apartment in a Victorian mid-terrace, offered vacant and sold at auction with a guide price of £70,000. The flat has period bay windows, high ceilings and a practical layout (lounge, kitchen, bedroom, bathroom) across approximately 52 sq.m. (559 sq.ft). It benefits from mains gas central heating, double glazing and an EPC rating of C.
The location is a major selling point: central Eastbourne within walking distance of The Beacon shopping centre, the seafront and Eastbourne mainline station (about 0.5 miles). Broadband speeds are fast and mobile signal is excellent, making the property suitable for rental or short-term occupation. Council Tax Band A and a modest ground rent start are cost positives for running costs.
There are important legal and practical drawbacks. The lease has approximately 61 years remaining — short enough that many mortgage lenders may refuse a loan, making cash purchase likely. The lot is sold at auction and buyers should note a buyers’ premium (£1,560 inc. VAT) and other charges in the legal pack. The property sits in a very deprived area with very high local crime rates, which will affect lettings and resale values.
Internally the flat shows signs of age and will suit someone happy to refurbish: solid brick walls with assumed no insulation, some damp potential noted in rooms, laminate flooring and likely updating required to kitchen and bathroom. This makes it a realistic renovation/refurbishment project for a cash investor or a buyer seeking a lower-entry central location but not for those requiring mortgage finance or a turnkey home.
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