Development Overview.
Located on the South East coast, in the bustling seaside town of Eastbourne, The Esperance will mark a new chapter for a historical landmark building.
Comprising 45 one-, two- and three-bedroom apartments across three buildings, landscaped gardens, and a range of communal amenities, The Esperance is a unique opportunity that will retain the building’s original features while adding modern finishes.
Investors can benefit from a hassle-free investment as there is a fully managed option available from esteemed property management agent, Northbank Residential.
Alternatively, there is the option to supercharge your investment by operating the apartment on a short-term let model, capitalising on the UK’s stay-cay boom.
Key Highlights.
• Historic building with original features and modern finishes
• Earn up to 12% rental yields on a short-term
• £0 Ground Rent
• Located 100 yards from the beachfront
• Proven developer with an extensive track record
• Completion September 2025
12%
Estimated Yields.
£199,000
Starting Price.
Q3 2025
Estimated Completion.
Founded in 2010, Stonegate Homes has concentrated on the unconditional purchase of various brownfield sites with a view of adding value through extensive knowledge of the UK planning system.
Now established with financial backing from a select number of trusted private high-net-worth individuals, Stonegate Homes has built a track record that shows they are equally capable of working on small residential schemes, as well as significant urban regeneration opportunities.
“We pride ourselves on delivering quality schemes, carefully designed to be in keeping with the surrounding landscape. Our focus continues to be on creating excellent places to live in well-connected locations."
Client Testimonials.
Eastbourne housing and rental market
Eastbourne’s population is small, but its rental market is growing strongly, thanks to the overall lack of supply of property and economic growth. Figures from the Office for National Statistics show that rents in the town grew by 5.7% throughout 2024. With both the town’s population and its visitor economy growing, rents in Eastbourne will likely keep growing in the years to come. In particular because housing delivery is being put second to the construction of new commercial buildings. That means investors who buy property in Eastbourne now can maximise their returns when the property and rental markets increase over the next 15 years.
Market highlights
• 51.6% - Economic growth in the East Sussex region in the last 12 years
• 5% - House prices in Eastbourne are only 5% below their pre-pandemic peak
• 5.7% - Rents in Eastbourne grew by 5.7% in 2024
• 6,401 - New homes to be built in Eastbourne by the end of 2029