Cornfield Terrace, Eastbourne, BN21
Eastbourne · BN21
£500,000Asking price
£57,000 paPassing rent
11.4%Gross yield
Overview
A licensed eight-bedroom house in multiple occupation in central Eastbourne, let and producing a passing rent of £57,000 per annum, an 11.4% gross yield at the £500,000 asking price. The building is Grade II listed and carries a lawful development certificate granted in August 2026, certifying its established use as shared housing since 2009.
Investment highlights
- Eight letting rooms in a single building, licensed as a house in multiple occupation by the local authority.
- Lawful development certificate granted 3 August 2026, certifying the established sui generis HMO use.
- Passing rent of £57,000 per annum, 11.4% gross at the asking price.
- Grade II listed, 214 sq m of floor area, EPC band D.
- Central BN21 position in Eastbourne town centre, a year-round shared-housing market on the south coast.
The numbers
| Asking price | £500,000 |
|---|---|
| Passing rent | £57,000 per annum |
| Gross yield at asking | 11.4% |
| Letting rooms | 8 |
| Floor area | 214 sq m |
| EPC | Band D |
| Planning use | Sui generis HMO, lawful development certificate granted August 2026 |
The licence does not transfer on a sale and a fresh application in the buyer’s name is required. Full rent schedule, tenancy agreements, the licence and the certificate are in the investment pack.
