Summary - 149 FLAT 2 LANGNEY ROAD EASTBOURNE BN22 8AH
3 bed 2 bath Detached
Convert commercial space into a rental flat with immediate income potential.
Planning permission granted Dec 2024 for a 3-bed flat with parking
Freehold building including lock-up commercial unit (≈77.7 sqm)
First-floor two-bed flat currently let at £899 pcm
Conversion rental estimate for ground floor about £1,400 pcm
Second-floor flat lease only 78 years — may deter lenders
Dated commercial interior; refurbishment and surveys strongly advised
Centrally located near seafront and town centre; off-street parking
Area records very high crime and high deprivation — affects lettability
This detached freehold on Langney Road is offered as an investment and development opportunity, with planning permission granted in December 2024 to convert the ground-floor commercial unit into a three-bedroom residential flat with off-street parking. The building includes a self-contained ground-floor commercial unit (approx. 77.7 sqm), a two-bedroom first-floor flat currently let at £899 pcm, and a second-floor flat sold on a lease with 78 years remaining. The vendor reports a rental expectation of around £1,400 pcm for the converted ground floor.
The property is centrally located close to Eastbourne town centre and the seafront, with good transport links, fast broadband and off-street parking. The building is a Victorian red-brick structure with high ceilings on upper floors; the ground-floor commercial space is dated and described as requiring renovation. The site is small and internal rooms are compact, so the conversion and rental layout should be planned for efficient use of space.
Material considerations: the second-floor flat has only 78 years left on its lease, which is short enough to affect mortgageability and mean lenders may refuse finance without a lease extension. The area records high crime and significant deprivation indices — factors that will influence lettability, insurance, and resale values. The commercial unit and internal flats show wear consistent with a refurbishment project; buyers should budget for renovation and professional surveys.
For an investor or developer comfortable with refurbishment, lease negotiations and local-market risks, this is a rare opportunity to acquire the freehold of a multi-unit building with planning permission already approved. The package offers immediate rental income, conversion upside and potential value uplift after works, but requires clear planning for lease extension, lender acceptance, and management in a higher-risk neighbourhood.
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