2 Bed Flat, Single Let, Polegate, BN26 6FJ, £220,000

10 Kensington Way221C, Polegate, BN26 6FJ - 6 views - 9 months ago

Leasehold
BTL
ROI: 3%
65 m²
+38 photos

ValuationOvervalued

Sold Prices£130K - £450K
Sold Prices/m²£1.8K/m² - £4.2K/m²

 

 

Square Metres

65 m²
Price/m²£3.4K/m²

Value Estimate

£190,000

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£55,000

Stamp Duty & Legal Fees

£7,800

Total Cash In

£62,800

 

 

Cash Out

 

Rent Range

£975 - £1,530

Rent Estimate

£1,100

Running Costs/mo

£928

Cashflow/mo

£173

Cashflow/yr

£2,070

ROI

3%

Gross Yield

6%

Local Sold Prices

45 sold prices from £130K to £450K, average is £184.9K. £1.8K/m² to £4.2K/m², average is £2.8K/m².

PriceDateDistanceAddressBeds 
£200K04/220.05 mi104, Kensington Way, Polegate, East Sussex BN26 6FJ2
£190K05/210.05 mi8, Kensington Way, Polegate, East Sussex BN26 6FJ2
£190K04/210.05 mi88, Kensington Way, Polegate, East Sussex BN26 6FJ2
£183K06/210.05 mi32, Kensington Way, Polegate, East Sussex BN26 6FJ2
£188K09/210.05 mi30, Kensington Way, Polegate, East Sussex BN26 6FJ2
£187K10/220.29 mi3, Lynholm Road, Polegate, East Sussex BN26 6JW2
£155K04/230.29 mi1a, Lynholm Road, Polegate, East Sussex BN26 6JW2
£268K01/210.67 mi12, Spurway Park, Polegate, East Sussex BN26 5DQ2
£170.5K10/220.7 miFlat 2, Hawthorn Court, Black Path, Polegate, East Sussex BN26 5BB2
£183K02/230.71 miFlat 15, Hawthorn Court, Black Path, Polegate, East Sussex BN26 5BB2
£185K12/230.71 miFlat 5, Hawthorn Court, Black Path, Polegate, East Sussex BN26 5BB2
£165K05/220.75 mi8a, Gilda Crescent, Polegate, East Sussex BN26 6AN2
£157K04/220.83 miFlat 8, Chiltern Court, Albert Road, Polegate, East Sussex BN26 6BS2
£200K09/230.9 miFlat 6, Chiltern Court, Albert Road, Polegate, East Sussex BN26 6BS2
£190K06/230.91 mi47, Brook Street, Polegate, East Sussex BN26 6BH2
£155K02/230.99 miFlat 52, Guardian Court, Brookside Avenue, Polegate, East Sussex BN26 6DW2
£135K10/200.99 miFlat 11, Guardian Court, Brookside Avenue, Polegate, East Sussex BN26 6DW2
£149.9K04/210.99 miFlat 50, Guardian Court, Brookside Avenue, Polegate, East Sussex BN26 6DW2
£159.3K11/221 miFlat 4, Guardian Court, Brookside Avenue, Polegate, East Sussex BN26 6DW2
£295K07/211.13 mi7, Croft Close, Polegate, East Sussex BN26 5LE2
£184.9K12/201.14 mi34, The Millrace, Polegate, East Sussex BN26 5LP2
£184.9K12/201.14 mi34, The Millrace, Polegate, East Sussex BN26 5LP2
£184.9K12/201.14 mi34, The Millrace, Polegate, East Sussex BN26 5LP2
£235K02/231.18 mi21, Willingdon Court, Willingdon, Eastbourne, East Sussex BN20 9NH2
£178K07/231.18 mi22, Willingdon Court, Willingdon, Eastbourne, East Sussex BN20 9NH2
£175K11/201.18 mi18, Willingdon Court, Willingdon, Eastbourne, East Sussex BN20 9NH2
£182.5K07/231.18 mi14, Willingdon Court, Willingdon, Eastbourne, East Sussex BN20 9NH2
£210K04/221.18 mi20, Beaulieu Drive, Stone Cross, Pevensey, East Sussex BN24 5DN2
£130K01/211.25 mi40, Holly Place, Eastbourne, East Sussex BN22 0UT2
£145K10/201.25 mi41, Holly Place, Eastbourne, East Sussex BN22 0UT2
£191K11/211.34 miFlat 8, Carmen Court, Eastbourne Road, Willingdon, Eastbourne, East Sussex BN20 9NP2
£162K05/211.34 miFlat 3, Carmen Court, Eastbourne Road, Willingdon, Eastbourne, East Sussex BN20 9NP2
£185K01/211.37 mi44d, Wannock Lane, Eastbourne, East Sussex BN20 9SD2
£205K03/231.39 mi44a, Wannock Lane, Eastbourne, East Sussex BN20 9SD2
£225K09/211.4 miFlat 23, The Lawns, St Marys Close, Willingdon, Eastbourne, East Sussex BN22 0ND2
£178.5K11/201.41 mi26, Acacia Road, Eastbourne, East Sussex BN22 0TW2
£200K10/221.42 miFlat 5, Mewetts Court, Meachants Lane, Eastbourne, East Sussex BN20 9LS2
£196K10/231.43 mi29, Chyngton Close, Eastbourne, East Sussex BN23 8HQ2
£217K11/221.44 miFlat 16, Carmen Court, Eastbourne Road, Willingdon, Eastbourne, East Sussex BN20 9NP2
£225K11/211.54 mi5, Millers Keep, Stone Cross, Pevensey, East Sussex BN24 5FA2
£160K09/231.6 miFlat 1, Martin Court, Lindfield Road, Eastbourne, East Sussex BN22 0BH2
£271K01/211.65 miFlat 3, The Hoo, Church Street, Willingdon, Eastbourne, East Sussex BN20 9HR2
£450K07/231.65 miFlat 1, The Hoo, Church Street, Willingdon, Eastbourne, East Sussex BN20 9HR2
£165K03/231.76 mi37, Oulton Close, Eastbourne, East Sussex BN23 8DH2
£178K11/221.93 mi18a, Mountfield Road, Eastbourne, East Sussex BN22 9BS2

Local Rents

22 rents from £975/mo to £1.5K/mo, average is £1.2K/mo.

RentDateDistanceAddressBeds 
£1,12512/240.05 miKensington Way, Polegate, East Sussex, BN262
£1,30012/240.45 miEastern Avenue, Polegate2
£1,25012/240.46 mi-2
£1,30003/250.47 mi-2
£1,10012/240.52 miPorters Way, Polegate2
£1,20003/250.62 mi-2
£1,39512/240.63 miWestfield Close, Polegate, East Sussex2
£1,30012/240.75 mi-2
£1,20009/240.77 mi-2
£97501/250.94 mi-2
£1,20012/240.94 miVictoria Road, Polegate2
£1,20009/240.95 mi-2
£1,35003/250.95 mi-2
£1,25003/240.98 miSeven Sisters Road, Eastbourne, East Sussex, BN222
£1,30005/241.02 miHawksbridge Close, EASTBOURNE2
£1,20012/241.07 miFarmlands Close, Polegate, East Sussex, BN262
£1,53012/241.11 mi-2
£1,05008/231.16 mi-2
£1,30012/231.16 mi-2
£1,10003/241.18 miWillingdon court2
£1,30003/241.2 miCatsfield Close, Eastbourne2
£1,19503/251.21 mi-2

Local Area Statistics

Population in BN26

11,451

Town centre distance

0.60 miles away

Nearest school

0.70 miles away

Nearest train station

0.74 miles away

 

 

Rental growth (12m)

+38%

Sales demand

Balanced market

Capital growth (5yrs)

+19%

Property History

Listed for £220,000

July 7, 2024

Floor Plans

Description

Phil Hall Estate Agents welcomes to the market this well-presented two bedroom purpose built apartment nestled in the serene and picturesque town of Polegate. Kensington Way offers a blend of modern convenience and tranquil living. This second-floor, purpose-built apartment is an ideal choice for professionals, couples, or small families seeking a comfortable and contemporary living space.

This purpose-built apartment offers modern living with the convenience of a secure entry phone system and well-maintained communal areas.

As you enter, you are greeted by a spacious entrance hall that provides access to all rooms within the apartment. The hall features two built-in storage cupboards, including a walk-in cupboard housing the combi boiler, ensuring ample storage space.

The heart of the home is undoubtedly the expansive open-plan living, dining, and kitchen area. This versatile space is bathed in natural light, thanks to large windows that create a bright and airy atmosphere. The layout is designed to offer flexibility, allowing you to arrange your furniture to suit your lifestyle needs.

The kitchen is a chef's delight, equipped with sleek, modern units and high-quality fixtures. It boasts a range of wall-mounted and base units that provide plenty of storage space. The built-in electric oven, hob, and extractor hood are perfectly complemented by the contemporary design, making meal preparation a pleasure. Additionally, there is space allocated for a freestanding washing machine, fridge freezer, and a slimline dishwasher, ensuring all your culinary and household needs are met.

Both bedrooms are generously sized, with the master bedroom benefiting from built-in wardrobes with sliding doors and an ensuite shower room. The second bedroom is also well-proportioned, and there is a separate modern bathroom for convenience.

Outside, the property includes allocated parking space for ease and convenience.

Internal viewing highly recommended by sole agents.

Location, Location, Location - Located in Polegate, this property enjoys a prime position with excellent access to local amenities, schools, and transport links. The town offers a friendly community atmosphere, with a range of shops, cafes, and services within easy reach. The nearby countryside provides a peaceful retreat, perfect for leisurely walks and outdoor activities.
The property is well-connected by road, with easy access to the A22 and A27. These major routes provide straightforward connections to nearby towns and cities, including Eastbourne, Lewes, and Brighton.
One of the significant benefits of living at Kensington Way is its proximity to Polegate Railway Station. The station offers regular services to London, Brighton, and Eastbourne, making commuting and travel convenient and efficient. London Victoria is approximately a 90-minute journey, ideal for those who work in the capital or enjoy frequent visits.

Communal Entrance Hall - Stairs leading to the second floor landing

Entrance Hall -

Walk In Storage Cupboard - 1.88m x 1.04m (6'02 x 3'05) -

Open Plan Living Room/Kitchen - 6.02m x 4.62m into bay (19'09 x 15'02 into bay) -

Bedroom One - 4.32m max x 2.54m (14'02 max x 8'04) -

Ensuite - 1.98m x 1.93m (6'06 x 6'04) -

Bedroom Two - 3.58m x 2.24m (11'09 x 7'04) -

Bathroom - 2.51m x 1.88m (8'03 x 6'02) -

Allocated Parking -

Lease Information - We have been advised that the property is leasehold and there is approx 109 years remaining on the lease, the service charge £1725 per annum and the ground rent is £365 per annum. The agent has not had sight of confirmation documents and therefore the buyer is advised to obtain verification from their solicitor or surveyor.

Agent Details

Phil Hall Estate Agents, Eastbourne

01323 679007

Next Steps?

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