3 Bed Bungalow, Refurb/BRRR, Peacehaven, BN10 7SS, £485,000

10, Rustic Road, Peacehaven, BN10 7SS - 3 views - 7 months ago

Refurb/BRRR
~161 m²
+29 photos

ValuationFair Value

Sold Prices£249.9K - £465K
Sold Prices/m²£2.7K/m² - £5.9K/m²

 

 

Square Metres

~160.90 m²
Price/m²£3K/m²

Value Estimate

£485,000

 

 

End Value (After Refurb)

£647,299

Uplift in Value

+33%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£121,250

Stamp Duty & Legal Fees

£27,500

Refurb Costs

£76,125

Bridging Loan Interest

£12,731

Total Cash In

£239,356

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Estimated Sale Price

£647,299

Agent Fees (1%)

£6,473

Bridging Loan

£363,750

Bridging Loan Interest

£12,731

Flip Profit

£37,720

Local Sold Prices

50 sold prices from £249.9K to £465K, average is £336.3K. £2.7K/m² to £5.9K/m², average is £4.1K/m².

PriceDateDistanceAddressBeds 
£348K12/200.07 mi32, Rustic Close, Peacehaven, East Sussex BN10 7SB3
£383.5K02/210.07 mi32, Downs Walk, Peacehaven, East Sussex BN10 7ST3
£375K09/220.11 mi37, Stanley Road, Peacehaven, East Sussex BN10 7SP3
£285K03/210.11 mi64, Stanley Road, Peacehaven, East Sussex BN10 7SP3
£300K02/210.11 mi36, Stanley Road, Peacehaven, East Sussex BN10 7SP3
£302K02/210.11 mi63, Stanley Road, Peacehaven, East Sussex BN10 7SP3
£350K01/210.12 mi10, Barley Close, Telscombe Cliffs, Peacehaven, East Sussex BN10 7JQ3
£392.5K02/230.16 mi42, The Ridings, Telscombe Cliffs, Peacehaven, East Sussex BN10 7EF3
£345K03/210.17 mi6, Wheatland Close, Telscombe Cliffs, Peacehaven, East Sussex BN10 7JF3
£370K06/230.18 mi4, Canada Close, Telscombe Cliffs, Peacehaven, East Sussex BN10 7JH3
£349K06/210.18 mi2, Canada Close, Telscombe Cliffs, Peacehaven, East Sussex BN10 7JH3
£375K10/210.18 mi63, Telscombe Road, Peacehaven, East Sussex BN10 7UA3
£305K07/210.18 mi18, Foxhill, Peacehaven, East Sussex BN10 7SE3
£396K12/220.18 mi1, Foxhill, Peacehaven, East Sussex BN10 7SE3
£310K11/200.18 mi5, Foxhill, Peacehaven, East Sussex BN10 7SE3
£307.5K05/230.18 mi26, Foxhill, Peacehaven, East Sussex BN10 7SE3
£435K03/230.19 mi1, Oval Close, Peacehaven, East Sussex BN10 7UW3
£295K11/200.2 mi10, Sunset Close, Telscombe Cliffs, Peacehaven, East Sussex BN10 7EG3
£395K10/220.2 mi10, Woodlands Close, Peacehaven, East Sussex BN10 7SF3
£440K12/230.21 mi30, Anzac Close, Peacehaven, East Sussex BN10 7SY3
£300K12/200.22 mi3, Woodlands Close, Peacehaven, East Sussex BN10 7SF3
£335.5K12/200.22 mi20, Carey Down, Telscombe Cliffs, Peacehaven, East Sussex BN10 7LF3
£375K01/230.22 mi26, Carey Down, Telscombe Cliffs, Peacehaven, East Sussex BN10 7LF3
£415K02/230.23 mi44, Glynn Road, Peacehaven, East Sussex BN10 7SH3
£309.9K02/210.23 mi12, Shannon Close, Telscombe Cliffs, Peacehaven, East Sussex BN10 7BQ3
£325K03/210.24 mi151a, Ambleside Avenue, Telscombe Cliffs, Peacehaven, East Sussex BN10 7LH3
£305K04/210.24 mi145, Ambleside Avenue, Telscombe Cliffs, Peacehaven, East Sussex BN10 7LH3
£280K12/200.24 mi28a, Kirby Drive, Telscombe Cliffs, Peacehaven, East Sussex BN10 7DY3
£290K05/230.24 mi42, Kirby Drive, Telscombe Cliffs, Peacehaven, East Sussex BN10 7DY3
£380K11/220.26 mi28, Chatsworth Avenue, Telscombe Cliffs, Peacehaven, East Sussex BN10 7EA3
£337K03/210.26 mi14, Chatsworth Avenue, Telscombe Cliffs, Peacehaven, East Sussex BN10 7EA3
£318K10/200.26 mi6, Chatsworth Avenue, Telscombe Cliffs, Peacehaven, East Sussex BN10 7EA3
£264.9K02/210.27 mi42, Abbey Close, Peacehaven, East Sussex BN10 7SD3
£264.9K02/210.27 mi42, Abbey Close, Peacehaven, East Sussex BN10 7SD3
£249.9K03/210.27 mi31, Abbey Close, Peacehaven, East Sussex BN10 7SD3
£308K04/210.27 mi72, Abbey Close, Peacehaven, East Sussex BN10 7SD3
£372K06/230.27 mi44, Abbey Close, Peacehaven, East Sussex BN10 7SD3
£465K12/220.29 mi154, Roderick Avenue, Peacehaven, East Sussex BN10 8BX3
£435K08/230.29 mi158, Roderick Avenue, Peacehaven, East Sussex BN10 8BX3
£385K11/220.3 mi118, Firle Road, Peacehaven, East Sussex BN10 7QS3
£305K04/210.32 mi11, Northcote Lane, Telscombe Cliffs, Peacehaven, East Sussex BN10 7ED3
£322.5K05/210.32 mi6, Cavendish Close, Telscombe Cliffs, Peacehaven, East Sussex BN10 7LQ3
£257K12/200.34 mi34, Trafalgar Close, Peacehaven, East Sussex BN10 8AX3
£298K04/210.36 mi15, Turnpike Close, Peacehaven, East Sussex BN10 8BU3
£318K02/210.36 mi5, Turnpike Close, Peacehaven, East Sussex BN10 8BU3
£350K06/210.38 mi118, Malines Avenue, Peacehaven, East Sussex BN10 7RL3
£408.5K09/220.4 mi125, Phyllis Avenue, Peacehaven, East Sussex BN10 7RG3
£300K01/210.41 mi31, Rosemary Close, Peacehaven, East Sussex BN10 8BY3
£375K08/220.41 mi2, Rosemary Close, Peacehaven, East Sussex BN10 8BY3
£430K02/230.41 mi23, Cripps Avenue, Peacehaven, East Sussex BN10 8AL3

Local Rents

18 rents from £1.1K/mo to £2.1K/mo, average is £1.7K/mo.

RentDateDistanceAddressBeds 
£1,60012/240.12 miBarley Close, Telscombe Cliffs, PEACEHAVEN3
£1,50012/240.2 miDowns Walk, BN103
£2,00012/240.37 mi-3
£1,95012/240.37 mi-3
£1,95012/240.37 mi-3
£2,00003/250.37 mi-3
£1,75012/240.39 mi-3
£1,55012/240.49 mi-3
£1,60012/240.49 miCollingwood Close, PEACEHAVEN3
£2,10003/240.63 miTelscombe, Lewes, East Sussex, BN73
£1,60012/240.69 miBee Road, BN103
£1,55004/240.7 mi-3
£1,50012/240.84 miSpringfield Avenue Telscombe Cliffs BN103
£1,40012/240.87 mi-3
£1,80012/240.89 miEdith Avenue, Peacehaven3
£1,15006/240.96 mi-3
£1,75012/240.99 miSouth Coast Road, Telscombe Cliffs, Peacehaven3
£1,85012/241.03 miKeymer Avenue, PEACEHAVEN3

Local Area Statistics

Population in BN10

18,563

Population in Peacehaven

18,566

Town centre distance

0.48 miles away

Nearest school

0.40 miles away

Nearest train station

2.26 miles away

 

 

Rental growth (12m)

+12%

Sales demand

Seller's market

Capital growth (5yrs)

+20%

Property History

Listed for £485,000

September 12, 2024

Floor Plans

Description

  • Very Large Plot +
  • Must be Viewed +
  • Fantastic Garden with Plenty of Potential and Scope to Extend +
  • South Facing Sun Room +
  • Dual Aspect Lounge +
  • Kitchen/Dining Room +
  • Conservatory +
  • Three Bedrooms +
  • Bathroom/WC +
  • Off Road Parking and Garage +

Phillipmann estate agents are proud to bring to the market this charming, older style bungalow which is situated on this extremely large level plot. Potential opportunity for renovation or development. The property which has been in the same family's tenure for many years boasts the most glorious rear garden that needs to be seen to be believed. Measuring approx. 150' in length, it has been the pride and joy of the current owners and has been landscaped to provide a beautiful mature green space for all to enjoy. It offers areas of lawn and patio, alongside layer upon layer of planting. Mature shrubs and trees offer privacy and seclusion.
Positioned in this ideal location, it lies just a short walk from open fields, countryside walks, bus routes to Brighton, local shop and school. Just a little further afield you will find Chatsworth Park and other local amenities.
The front door welcomes you into the south facing sunroom which spans nearly the whole width of the property and is the ideal space to sit and while away an afternoon whatever the weather. The dual aspect lounge lies adjacent and here you will find plenty of space for your soft furnishings and associated furniture. There are two windows to the side and a third overlooks the rear garden. The kitchen/dining room lies adjacent and here you will find plenty of units for storage, contrasting work surfaces as well as space for all of the normal appliances. This still leaves plenty of room for a good size table and chairs and a large utility/storage cupboard is a very handy addition. A window overlooks the rear garden and a door accesses a second conservatory which overlooks the rear garden. This is a smashing room to sit back, relax and enjoy the sumptuous views over the rear garden. Three bedrooms are on offer here, two doubles and one single with two offering built-in storage. Lastly a bathroom/wc offers a bath with shower over, wc and basin.

Agent Details

Phillip Mann Estate Agents, Peacehaven

01273 109732

Next Steps?

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