3 Bed Detached House, Refurb/BRRR, Peacehaven, BN10 7HL, £575,000

Lincoln Avenue South, Peacehaven, BN10 7HL - 2 views - 10 months ago

Refurb/BRRR
~93 m²
+17 photos

ValuationOvervalued

Sold Prices£215K - £637.5K
Sold Prices/m²£2.3K/m² - £7.7K/m²

 

 

Square Metres

~93 m²
Price/m²£6.2K/m²

Value Estimate

£352,470

 

 

End Value (After Refurb)

£419,000

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£143,750

Stamp Duty & Legal Fees

£34,700

Refurb Costs

£44,000

Bridging Loan Interest

£15,094

Total Cash In

£239,294

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£419,000

Mortgage (After Refinance)

£314,250

Mortgage LTV

75%

Cash Left In

£239,294

Equity

£104,750

Rent Range

£700 - £2,000

Rent Estimate

£1,650

Running Costs/mo

£1,659

Cashflow/mo

£-9

Cashflow/yr

£-112

Gross Yield

3%

Local Sold Prices

50 sold prices from £215K to £637.5K, average is £365.5K. £2.3K/m² to £7.7K/m², average is £4K/m².

PriceDateDistanceAddressBeds 
£637.5K01/230.05 mi1, The Esplanade, Telscombe Cliffs, Peacehaven, East Sussex BN10 7HG3
£528K07/230.05 mi144, The Promenade, Peacehaven, East Sussex BN10 7HN3
£385K03/210.15 mi15, Ambleside Avenue, Telscombe Cliffs, Peacehaven, East Sussex BN10 7LS3
£400K09/230.18 mi21, Malines Avenue, Peacehaven, East Sussex BN10 7PR3
£379.9K10/210.19 mi32a, Central Avenue, Telscombe Cliffs, Peacehaven, East Sussex BN10 7LY3
£440K06/210.19 mi26, Central Avenue, Telscombe Cliffs, Peacehaven, East Sussex BN10 7LY3
£347.5K12/200.19 mi4, Central Avenue, Telscombe Cliffs, Peacehaven, East Sussex BN10 7LY3
£265K11/200.22 mi279, South Coast Road, Peacehaven, East Sussex BN10 7JE3
£335K10/220.22 mi275a, South Coast Road, Peacehaven, East Sussex BN10 7JE3
£281K08/210.22 mi10d, Rowe Avenue, Peacehaven, East Sussex BN10 7JD3
£412K03/230.24 mi46, Hoddern Avenue, Peacehaven, East Sussex BN10 7PH3
£387.5K02/210.25 mi23a, Rowe Avenue, Peacehaven, East Sussex BN10 7PE3
£360K06/230.26 mi30, Rowe Avenue, Peacehaven, East Sussex BN10 7PF3
£354.9K10/210.27 mi384, South Coast Road, Telscombe Cliffs, Peacehaven, East Sussex BN10 7ET3
£226K11/200.28 mi22, The Esplanade, Telscombe Cliffs, Peacehaven, East Sussex BN10 7EY3
£371K06/210.31 mi16a, Fairlight Avenue, Telscombe Cliffs, Peacehaven, East Sussex BN10 7BN3
£390K10/220.32 mi61, Ambleside Avenue, Telscombe Cliffs, Peacehaven, East Sussex BN10 7LN3
£325K04/230.32 mi7, Chatsworth Close, Telscombe Cliffs, Peacehaven, East Sussex BN10 7LW3
£318.5K06/210.32 mi65, Lincoln Avenue, Peacehaven, East Sussex BN10 7JU3
£345K11/200.33 mi86, Cairo Avenue, Peacehaven, East Sussex BN10 7LA3
£215K08/210.33 mi69, Cairo Avenue, Peacehaven, East Sussex BN10 7LA3
£345K09/230.33 mi98, Cairo Avenue, Peacehaven, East Sussex BN10 7LA3
£384.3K05/230.33 mi89, Cairo Avenue, Peacehaven, East Sussex BN10 7LA3
£460K10/220.33 mi67, Cairo Avenue, Peacehaven, East Sussex BN10 7LA3
£325K03/210.36 mi44, Cavell Avenue, Peacehaven, East Sussex BN10 7NS3
£420K06/210.36 mi41, Cavell Avenue, Peacehaven, East Sussex BN10 7NR3
£330K10/230.36 mi51, Cavell Avenue, Peacehaven, East Sussex BN10 7NR3
£399.9K08/210.37 mi71, Central Avenue, Telscombe Cliffs, Peacehaven, East Sussex BN10 7NB3
£350K06/210.37 mi75, Ambleside Avenue, Telscombe Cliffs, Peacehaven, East Sussex BN10 7LN3
£427.5K03/230.37 mi73, Ambleside Avenue, Telscombe Cliffs, Peacehaven, East Sussex BN10 7LN3
£397.9K10/200.38 mi40a, Fairlight Avenue, Telscombe Cliffs, Peacehaven, East Sussex BN10 7BS3
£340K01/230.38 mi74, Hoddern Avenue, Peacehaven, East Sussex BN10 7QY3
£418.5K04/230.38 mi25, Roderick Avenue, Peacehaven, East Sussex BN10 8JT3
£262.5K04/210.38 mi17, Roderick Avenue, Peacehaven, East Sussex BN10 8JT3
£305K03/210.38 mi13a, Roderick Avenue, Peacehaven, East Sussex BN10 8JT3
£366K07/230.41 mi185, Arundel Road Central, Peacehaven, East Sussex BN10 7NT3
£275K11/220.41 mi43, Cliff Gardens, Telscombe Cliffs, Peacehaven, East Sussex BN10 7BX3
£349K11/200.42 mi9, Grassmere Avenue, Telscombe Cliffs, Peacehaven, East Sussex BN10 7BZ3
£350K12/200.42 mi22, Grassmere Avenue, Telscombe Cliffs, Peacehaven, East Sussex BN10 7BZ3
£350K06/230.42 mi31, Balcombe Road, Peacehaven, East Sussex BN10 7LD3
£442.5K08/230.44 mi2b, Horsham Avenue, Peacehaven, East Sussex BN10 8LL3
£400K10/220.45 mi37, Edith Avenue, Peacehaven, East Sussex BN10 8JB3
£457.5K03/230.46 mi40, Broomfield Avenue, Telscombe Cliffs, Peacehaven, East Sussex BN10 7AL3
£365K06/210.47 mi3, Park Avenue, Telscombe Cliffs, Peacehaven, East Sussex BN10 7ND3
£370K06/210.47 mi38, Horsham Avenue, Peacehaven, East Sussex BN10 8HX3
£399.9K03/210.47 mi51, Horsham Avenue, Peacehaven, East Sussex BN10 8HX3
£325K04/210.47 mi13, Broomfield Avenue, Telscombe Cliffs, Peacehaven, East Sussex BN10 7AL3
£380K11/210.47 mi2a, Lea Road, Peacehaven, East Sussex BN10 7RN3
£385K04/210.48 mi105, Ambleside Avenue, Telscombe Cliffs, Peacehaven, East Sussex BN10 7LE3
£320K03/230.49 mi84, Central Avenue, Telscombe Cliffs, Peacehaven, East Sussex BN10 7NE3

Local Rents

20 rents from £700/mo to £2K/mo, average is £1.6K/mo.

RentDateDistanceAddressBeds 
£1,75012/240.17 miSouth Coast Road, Telscombe Cliffs, Peacehaven3
£1,15006/240.35 mi-3
£1,80012/240.39 miEdith Avenue, Peacehaven3
£1,55012/240.49 mi-3
£1,50012/240.54 miSpringfield Avenue Telscombe Cliffs BN103
£1,75012/240.61 mi-3
£1,40012/240.7 mi-3
£1,55005/240.75 mi-3
£1,85012/240.78 miKeymer Avenue, PEACEHAVEN3
£1,50012/240.82 miDowns Walk, BN103
£1,60012/240.86 miBee Road, BN103
£1,60012/240.93 miBarley Close, Telscombe Cliffs, PEACEHAVEN3
£1,65012/240.95 miBannings Vale, Saltdean, BN23
£1,95012/240.96 mi-3
£2,00003/250.96 mi-3
£2,00012/240.97 mi-3
£1,95012/240.97 mi-3
£1,60012/240.99 miCollingwood Close, PEACEHAVEN3
£1,35012/241.06 mi-3
£70009/241.09 mi-3

Local Area Statistics

Population in BN10

18,563

Population in Peacehaven

18,566

Town centre distance

0.61 miles away

Nearest school

0.40 miles away

Nearest train station

2.88 miles away

 

 

Rental growth (12m)

+12%

Sales demand

Seller's market

Capital growth (5yrs)

+20%

Property History

Listed for £575,000

June 18, 2024

Floor Plans

Description

  • Attractive detached house. +
  • Moments from the seafront. +
  • Superb wrap around garden. +
  • Driveway & garage. +
  • Lounge, dining room and sun room. +
  • Three bedrooms, bathroom & cloakroom. +
  • Perfect for modernisation to transform in to your dream home. +
  • Within walking distance of shops, pubs, cafes. +
  • Double glazed windows & solar panels. +
  • 1149 square feet/107 square metres +

Are you on the lookout for a charming detached house in a fantastic location? Look no further! We present this fabulous three-bedroom property, situated on the preferred south side of the coast road in Peacehaven, just moments away from the beautiful seafront.

Upon entering through the front door, you will step into a welcoming porch that leads to a hallway, ideal for storing coats and shoes. The ground floor boasts a dual-aspect lounge bathed in natural light, thanks to the south-facing window and bay window overlooking the delightful front garden. The wood burning stove adds a cosy touch and creates a warm ambiance during colder evenings. Additionally, there is a convenient cloakroom located on this level.

Continuing on the ground floor, you will find a dining room featuring a south-facing bay window and a charming feature fireplace, perfect for hosting intimate dinner parties or enjoying family meals. Adjacent to the kitchen, there is a conservatory-style sunroom adorned with windows that overlook the rear garden, creating a picturesque setting. The French doors in the sunroom open onto an elevated decked terrace, providing an excellent space for outdoor relaxation or al fresco dining. The kitchen is equipped with modern amenities and offers a stable door to access the garden

Moving up to the first floor, a landing area greets you with light and leads to three bedrooms. Each bedroom boasts lovely views of the sea, allowing you to wake up to a serene and picturesque setting every morning. A tiled shower room with a frosted glass window completes the first floor.

This property presents the perfect opportunity for modernisation, allowing you to transform it into your dream home. With a lawned front garden and a driveway providing off-street parking, convenience is at your fingertips. The additional garage offers further storage space or the potential for conversion, subject to obtaining the necessary permissions.

The wrap-around rear garden is a true gem, featuring a raised decked area that invites you to bask in the sun's warmth and a sunny aspect lawned garden perfect for outdoor activities or creating a picturesque oasis. The presence of a peaceful pond adds a touch of tranquillity to the surroundings.

Peacehaven offers an array of amenities all within walking distance, including shops, pubs, cafes, and restaurants, ensuring that your daily needs are catered for. The coastal walks in the vicinity let you soak in the breath taking views of the coastline and indulge in the fresh sea air. Excellent transport links and bus routes make commuting hassle-free, providing easy access to nearby towns and cities.

With a generous space measuring approximately 1149 square feet/107 square meters, this property offers ample room for you to create your perfect property. Plus, the double-glazed windows and presence of solar panels contribute to energy efficiency, reducing your carbon footprint and lowering energy bills.

Don't miss out on the chance to secure your future in this charming detached house with sea views in Peacehaven. Contact us today to arrange a viewing and make this your new dream home!

Agent Details

Oakley Property, Brighton

01273 688881

Next Steps?

This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪