139 St. Philips Avenue, Eastbourne, East Sussex, BN22 8NB

Description

A semi-detached freehold property benefiting from gardens to the front and rear in need of modernisation. The property is conveniently located in the Roselands area of Eastbourne, within easy reach of local shops, supermarkets and everyday amenities. Nearby schools include Roselands Infants' School and Stafford Junior School. Eastbourne railway station is approximately 0.8 to 1 mile away, providing services to London Victoria, Brighton and Hastings. Local bus services are also available nearby, with Eastbourne town centre and seafront within easy reach.

Accommodation

Ground Floor: Entrance hallway, living room with bay window overlooking the front garden, kitchen with access to the side alley leading to the rear garden, separate dining room with patio doors opening onto the rear garden and a W.C. located beneath the stairs. First Floor: Landing, three bedrooms (all with built-in storage) and main bathroom with a bath, W.C. and wash basin. Outside: Gardens to the front and rear, with a storage shed located in the rear garden.

Location

Located in the Roselands area of Eastbourne, within easy reach of local shops, supermarkets and everyday amenities. Nearby schools include Roselands Infants' School and Stafford Junior School. Eastbourne railway station is approximately 0.8 to 1 mile away, providing services to London Victoria, Brighton and Hastings. Local bus services are also available nearby, with Eastbourne town centre and seafront within easy reach.

Tenure / Property Information

Investment Analysis

Same-street completed sales range from £287,500 at 151 St. Philips Avenue in September 2024 to £367,000 at 149 St. Philips Avenue in November 2024. Older same-street sales were £235,000–£260,000. Allowing for the subject property's stated need for modernisation, a broad evidence-based GDV range of £287,500–£367,000 is used, with a midpoint estimate of £327,250. This is not a formal valuation and condition differences between the properties are unknown.

Investment Snapshot

Strategy Recommendation

Potential BTL or BRRR candidate subject to a satisfactory survey, confirmed modernisation budget, achievable rent and full auction-cost review. Do not rely on the headline yield or midpoint GDV without validating these items.

Works Required

Survey-led modernisation is required. The supplied description does not specify which rooms, services or external elements require work, so no reliable refurbishment allowance can be calculated.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

At the midpoint GDV estimate of £327,250, 75% refinancing equates to approximately £245,438. Cash left in cannot be calculated because refurbishment costs, buyer costs and non-optional auction charges are not quantified. The strategy therefore depends on a survey, confirmed works budget and achievable refinance valuation.

Buy-to-Let Analysis

The advertised asking rent is £1,425 pcm, equivalent to £17,100 annually. Against the £200,000–£210,000 guide range, the indicative gross yield is approximately 8.1%–8.6%, or 8.3% at the £205,000 midpoint. This uses an asking rent rather than achieved rent and excludes unknown modernisation, purchase, finance and other costs. Net yield cannot be established.

Flip Analysis

A resale analysis cannot produce a reliable surplus because refurbishment costs, purchase-related charges, selling costs and the property's post-works condition are not supplied. The evidence supports a broad GDV range of £287,500–£367,000, creating material valuation uncertainty.

Investor Risks & Due Diligence

• The property is stated to need modernisation, but the scope and cost of works are unknown.

• The £1,425 pcm figure is an advertised asking rent, not an achieved or passing rent.

• Administration and other non-optional auction fees are not quantified.

• EPC information is to be confirmed.

• Comparable sale prices range materially from £287,500 to £367,000, and condition differences are not provided.

• Stamp Duty, Land Registry fees and VAT may apply but cannot be calculated from the supplied evidence.

Recommendation

Potential BTL or BRRR candidate subject to a satisfactory survey, confirmed modernisation budget, achievable rent and full auction-cost review. Do not rely on the headline yield or midpoint GDV without validating these items.

Strategy Rating

Analysis Confidence

There are several relevant completed same-street sales and one advertised 3-bedroom rent, but the property's condition, EPC, works cost, fees, achieved rent and post-works value are not confirmed.