5 Bed Detached House, Single Let, Peacehaven, BN10 8SU, £475,000

South Coast Road, Peacehaven, BN10 8SU - 8 months ago

Sold STC
BTL
~185 m²
+26 photos

ValuationUndervalued

Sold Prices£340K - £1.4M
Sold Prices/m²£2.2K/m² - £7.7K/m²

 

 

Square Metres

~184.60 m²
Price/m²£2.6K/m²

Value Estimate

£579,500
BMV22%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£118,750

Stamp Duty & Legal Fees

£26,700

Total Cash In

£145,450

 

 

Cash Out

 

Rent Range

£700 - £2,000

Rent Estimate

£1,523

Running Costs/mo

£1,809

Cashflow/mo

£-286

Cashflow/yr

£-3,432

Gross Yield

4%

Local Sold Prices

36 sold prices from £340K to £1.4M, average is £525K. £2.2K/m² to £7.7K/m², average is £3.7K/m².

PriceDateDistanceAddressBeds 
£549K09/230.12 mi21, Roundhay Avenue, Peacehaven, East Sussex BN10 8TG5
£710K03/210.19 mi20, The Promenade, Peacehaven, East Sussex BN10 8PU5
£400K08/220.52 mi89, Arundel Road, Peacehaven, East Sussex BN10 8EU5
£340K02/210.52 mi89, Arundel Road, Peacehaven, East Sussex BN10 8EU5
£400K12/200.82 mi37, Hill Top Way, Newhaven, East Sussex BN9 9TE5
£850K03/230.89 mi46, Edith Avenue, Peacehaven, East Sussex BN10 8JB5
£370K06/211.1 mi102, Court Farm Road, Newhaven, East Sussex BN9 9HB5
£350K06/211.13 mi84, Court Farm Road, Newhaven, East Sussex BN9 9DY5
£890K05/211.14 miWillowbrook, Piddinghoe Mead, Newhaven, East Sussex BN9 9RN5
£522.5K09/211.33 mi59a, Glynn Road West, Peacehaven, East Sussex BN10 7SL5
£430K06/231.44 mi24, Manor Drive, Telscombe Cliffs, Peacehaven, East Sussex BN10 7EB5
£525K01/211.45 mi86, Fort Road, Newhaven, East Sussex BN9 9EJ5
£423K06/211.46 mi33, Stanley Road, Peacehaven, East Sussex BN10 7SP5
£525K01/211.46 mi86, Fort Road, Newhaven, East Sussex BN9 9EJ5
£448K08/211.52 mi9, Telscombe Cliffs Way, Telscombe Cliffs, Peacehaven, East Sussex BN10 7DX5
£1.4M12/221.66 mi31, The Lookout, Peacehaven, East Sussex BN10 8AA5
£460K08/231.73 mi23, Broomfield Avenue, Telscombe Cliffs, Peacehaven, East Sussex BN10 7AL5
£380K02/211.75 mi6, Amhurst Road, Telscombe Cliffs, Peacehaven, East Sussex BN10 7AG5
£455K12/201.88 mi17, Gorham Way, Telscombe Cliffs, Peacehaven, East Sussex BN10 7BA5
£550K01/212.17 mi21, Rye Close, Saltdean, Brighton, East Sussex BN2 8PP5
£422K12/222.19 mi6, Denton Rise, Newhaven, East Sussex BN9 0QN5
£410K09/212.2 mi118a, Bevendean Avenue, Saltdean, Brighton, East Sussex BN2 8PE5
£415K06/212.2 mi110, Bevendean Avenue, Saltdean, Brighton, East Sussex BN2 8PE5
£425K12/222.24 mi12, Vicarage Close, Newhaven, East Sussex BN9 0RF5
£535K12/202.31 mi140, Rodmell Avenue, Saltdean, Brighton, East Sussex BN2 8PJ5
£660K02/232.33 mi46, Wicklands Avenue, Saltdean, Brighton, East Sussex BN2 8EP5
£600K02/222.33 mi86, Denton Road, Newhaven, East Sussex BN9 0QE5
£797K06/212.42 mi4, Walesbeech Road, Saltdean, Brighton, East Sussex BN2 8EF5
£520K11/232.5 mi121, Longridge Avenue, Saltdean, Brighton, Brighton And Hove BN2 8RB5
£855K01/232.53 mi115, Longridge Avenue, Saltdean, Brighton, Brighton And Hove BN2 8RB5
£610K07/232.57 mi5, Rodmell Avenue, Saltdean, Brighton, Brighton And Hove BN2 8LT5
£761.5K12/202.66 mi32, Chichester Drive East, Saltdean, Brighton, Brighton And Hove BN2 8LB5
£825K04/212.66 mi42, Chichester Drive East, Saltdean, Brighton, Brighton And Hove BN2 8LB5
£630K12/202.9 mi7, Looes Barn Close, Saltdean, Brighton, Brighton And Hove BN2 8GZ5
£795K11/232.9 mi10, Chichester Drive West, Saltdean, Brighton, Brighton And Hove BN2 8SH5
£550K12/202.97 mi33, Tumulus Road, Saltdean, Brighton, Brighton And Hove BN2 8FR5

Local Rents

13 rents from £700/mo to £2K/mo, average is £1.9K/mo.

RentDateDistanceAddressBeds 
£1,69501/250.04 mi-3
£1,69501/250.04 mi-3
£1,85012/240.09 miCornwall Avenue Peacehaven BN103
£1,70012/240.12 miCliff Avenue, Peacehaven3
£1,95012/240.12 miFriars Close, Peacehaven3
£70009/240.23 mi-3
£1,35012/240.27 mi-3
£1,80012/240.3 mi-4
£1,85002/240.35 mi-4
£2,00009/240.35 mi-4
£2,00012/240.41 miRoundhouse Crescent, BN104
£1,85012/240.55 miKeymer Avenue, Peacehaven, BN10 8HA4
£1,85012/240.55 miKeymer Avenue, PEACEHAVEN3

Local Area Statistics

Population in BN10

18,563

Population in Peacehaven

18,566

Town centre distance

1.06 miles away

Nearest school

0.90 miles away

Nearest train station

1.62 miles away

 

 

Rental growth (12m)

+12%

Sales demand

Seller's market

Capital growth (5yrs)

+20%

Property History

Price changed to £475,000

November 14, 2024

Listed for £495,000

August 31, 2024

Floor Plans

Description

  • House & Additional Apartment +
  • No Onward Chain +
  • Close to local schools and convenient transport links +
  • Close to beach +
  • Approx floor area 1987 sq.ft +

Offered with no onward chain, this fabulous property is located with close access to public transport routes, promenade beachfront and local schools. Off road parking for several vehicles. The property feels spacious throughout and the addition of the annex apartment allows for several scenarios such as multi generational families living together, guest accommodation or an additional income stream.

The main home comprises four bedrooms (one located on the ground floor, a shower room & WC (ground floor) and bathroom on the first floor. Three bedrooms on the first floor. The open plan living area is really spacious with designated kitchen, dining and living areas. The kitchen area is modern with classic pastel decor, a fabulous range oven, integrated appliances and breakfast bar. The Living area features include the decorative wall panelling, wood flooring, focal point log burner and bi-folding doors leading to the rear garden areas.

Annex apartment - The one bedroom apartment is self contained with its own front door and rear bi-folding doors leading to the rear garden. Complete with its own kitchen, shower room/toilet/basin, living room and bedroom.

Large flat rear garden with patio area, lawn area, raised pond & beds, greenhouse and large garden room currently utilised as a workshop.

Whilst there is no substitute for viewing in person please do utilise our fully immersive 360° tour to view the property inside and out.

Council Tax Band: D (Lewes District Council)
Tenure: Freehold

Agent Details

Jarlands, East Sussex

01273 109803

Next Steps?

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