2 Bed Flat, Single Let, Newhaven, BN9 9QX, £170,000
Meeching Road, BN9 9QX - 7 months ago
Leasehold
BTL
ROI: 7%
~50 m²





+2 photos
ValuationUndervalued
Sold Prices | £163.5K - £360K |
Sold Prices/m² | £2.5K/m² - £5.6K/m² |
| |
Square Metres | ~49.60 m² |
Price/m² | £3.4K/m² |
Value Estimate | £180,726 |
BMV | 6% |
Cashflows
Cash In | |
Purchase Finance | Mortgage |
Deposit (25%) | £42,500 |
Stamp Duty & Legal Fees | £10,600 |
Total Cash In | £53,100 |
| |
Cash Out | |
Rent Range | £920 - £1,950 |
Rent Estimate | £1,050 |
Running Costs/mo | £761 |
Cashflow/mo | £289 |
Cashflow/yr | £3,465 |
ROI | 7% |
Gross Yield | 7% |
Local Sold Prices
23 sold prices from £163.5K to £360K, average is £217.9K. £2.5K/m² to £5.6K/m², average is £3.6K/m².
Local Rents
11 rents from £920/mo to £1.9K/mo, average is £1.3K/mo.
Local Area Statistics
Population in BN9 | 13,419 |
Town centre distance | 0.18 miles away |
Nearest school | 0.30 miles away |
Nearest train station | 0.25 miles away |
| |
Rental demand | Balanced market |
Rental growth (12m) | +29% |
Sales demand | Balanced market |
Capital growth (5yrs) | +24% |
Property History
Price changed to £170,000
April 6, 2025
Listed for £175,000
September 12, 2024
Floor Plans

Description
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