17 Cotswold Close, Eastbourne, East Sussex, BN23 8HH

Description

A vacant four bedroom detached house in need of refurbishment. The property comprises a four bedroom detached house arranged over ground and first floors.

Accommodation

Ground Floor: Through reception room, kitchen, conservatory, WC. First Floor: Four bedrooms, one with an en-suite, and bathroom. Exterior: Front and rear gardens, double garage and off-street parking.

Location

Situated on a residential road close to local shops and amenities. The open spaces of Shinewater Park are within easy reach. Transport links are provided by Pevensey Bay rail station.

Tenure / Property Information

Investment Analysis

Recent same-road detached freehold sales were £475,000 and £480,000 in 2025 and 2024. Older evidence ranges from £470,000 to £565,000. A base GDV of £480,000 is used, with a supported scenario range of £470,000–£565,000. The property requires refurbishment, but no works specification or cost evidence is supplied.

Investment Snapshot

Strategy Recommendation

Proceed only after reviewing the legal pack, inspecting the refurbishment requirement and obtaining detailed works and acquisition-cost estimates. Do not set a bid ceiling from the supplied evidence alone.

Works Required

Refurbishment of the detached house, including the accommodation described in the particulars. The scope, specification and cost require inspection and contractor quotations.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

At a £480,000 base GDV, 75% refinancing equates to £360,000. Cash left in cannot be calculated because refurbishment costs and applicable purchase/legal/disbursement costs are unavailable. The strategy requires confirmation of condition, valuation and refinance criteria.

Buy-to-Let Analysis

The advertised asking rent is £1,950 pcm, equivalent to £23,400 annually. Against the £235,000 guide, this indicates a gross yield of approximately 9.96% before refurbishment, finance, operating costs and fees. It is an asking rent rather than achieved rent, and total-cost yield cannot be established without works costs and other purchaser costs.

Flip Analysis

Same-road comparable sales support a GDV range of £470,000–£565,000, with the base case at £480,000. Flip profitability cannot be calculated because refurbishment costs, selling costs and full acquisition costs are not supplied.

Investor Risks & Due Diligence

• Refurbishment scope and cost are unknown.

• The £1,950 pcm figure is an advertised asking rent, not achieved rent.

• Special-condition fees, seller-cost reimbursements, legal fees, transfer fees and disbursements are not quantified.

• Comparable sales show a wide value range of £470,000–£565,000.

• EPC, council tax and heating information are unavailable.

Recommendation

Proceed only after reviewing the legal pack, inspecting the refurbishment requirement and obtaining detailed works and acquisition-cost estimates. Do not set a bid ceiling from the supplied evidence alone.

Strategy Rating

Analysis Confidence

There is good same-road sales evidence and one rental asking listing, but refurbishment scope, EPC, operating costs, full fees and legal-pack disbursements are unavailable.