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
BMV6%

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.

PriceDateDistanceAddressBeds 
£185K05/220.04 miGround Floor Flat, 47, Meeching Road, Newhaven, East Sussex BN9 9RL2
£163.5K03/220.12 mi16a, South Way, Newhaven, East Sussex BN9 9LL2
£175K01/220.12 miFlat 1, Bridge Mews, Bridge Street, Newhaven, East Sussex BN9 9PJ2
£185K07/210.28 mi55, Brighton Road, Newhaven, East Sussex BN9 9NG2
£218K09/210.32 mi19, Rectory Close, Newhaven, East Sussex BN9 9HL2
£229.9K04/220.35 mi7a, Rose Walk Close, Newhaven, East Sussex BN9 9NL2
£218K04/220.35 mi6, Rose Walk Close, Newhaven, East Sussex BN9 9NL2
£200K11/200.36 miFlat 6, St Lukes Court, Church Hill, Newhaven, East Sussex BN9 9HZ2
£217.9K09/230.36 miFlat 5, St Lukes Court, Church Hill, Newhaven, East Sussex BN9 9HZ2
£200K01/210.39 mi195, Hillcrest Road, Newhaven, East Sussex BN9 9EZ2
£200K01/210.39 mi195, Hillcrest Road, Newhaven, East Sussex BN9 9EZ2
£210K04/210.39 mi203, Hillcrest Road, Newhaven, East Sussex BN9 9EZ2
£215K03/220.39 mi195, Hillcrest Road, Newhaven, East Sussex BN9 9EZ2
£191K04/210.76 mi87, Powell Gardens, Newhaven, East Sussex BN9 0PS2
£340K05/210.98 mi3, Falaise Road, Newhaven, East Sussex BN9 0NR2
£225K04/211.51 mi41, Friars Avenue, Peacehaven, East Sussex BN10 8SB2
£235K05/211.56 mi62, Westview Close, Peacehaven, East Sussex BN10 8GA2
£345K05/211.73 mi43, Gladys Avenue, Peacehaven, East Sussex BN10 8RN2
£317K01/211.77 mi29, Piddinghoe Avenue, Peacehaven, East Sussex BN10 8RJ2
£217.9K05/231.78 mi56, Roundhouse Crescent, Peacehaven, East Sussex BN10 8GL2
£217.9K06/231.78 mi41, Roundhouse Crescent, Peacehaven, East Sussex BN10 8GL2
£330K08/211.98 mi4, Clementine Avenue, Seaford, East Sussex BN25 2UU2
£360K04/212 miFlat 1, High Beach House, Claremont Road, Seaford, East Sussex BN25 2QA2

Local Rents

11 rents from £920/mo to £1.9K/mo, average is £1.3K/mo.

RentDateDistanceAddressBeds 
£1,10012/240 miMeeching Road, BN92
£92006/240.04 mi-2
£1,10012/240.28 miFlat , Brighton Road, Newhaven2
£1,30012/240.32 miLewes Road, Newhaven, BN92
£1,95003/250.35 mi-2
£1,20003/250.53 mi-2
£1,20003/250.61 mi-2
£1,40012/240.86 miArundel Road, Newhaven, East Sussex, BN92
£1,40003/241.17 miHurdis Road, Seaford, East Sussex, BN252
£1,65012/241.23 miSouth Coast Road, Telscombe Cliffs, Peacehaven2
£1,40009/241.23 mi-2

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

Premier Sales are delighted to be marketing this spacious and stylish 2 bedroom first floor apartment located adjacent to Newhaven town centre forming part of one of Newhaven's historical character buildings. The property also benefits from an open-plan modern kitchen, modern shower room, double glazing throughout and gas central heating. The property is offered with a NEW 125YEAR LEASE as well as VACANT POSESSION. IDEAL INVESTOR PROPERTY or FIRST TIME BUYER HOME. Maintenance £500 per year

EPC C
Open-Plan Sitting Room/Kitchen 5.7m (18'8) x 4.6m (15'1)
Spacious room with wood laminate flooring, 2 radiators, double glazed window, wall mounted boiler.

Kitchen Area: With modern and stylish cream wall and base units with 'wood' effect work surfaces, stainless steel sink/drainer with mixer taps, built-in electric stainless steel oven with extractor fan over, built-in hob, space and plumbing for washing machine.
Bedroom 1 4m (13'1) x 2.5m (8'2)
Double bedroom, radiator, double glazed window.
Bedroom 2 2.9m (9'6) x 2.9m (9'6)
Double bedroom, radiator, double glazed window.
Bathroom 1.7m (5'7) x 1.5m (4'11)
Modern and stylish comprising fully-tiled shower cubicle, low-level WC, wash basin, 'ladder' style chrome heated towel rails, tiled floor, extractor fan.

Investor Landlord:
Current market rent achievable: £1050 pcm
Value may change according to market conditions. Yield calculator available at

Agent Details

Premier Lets & Sales, South Coast

01273 109754

Next Steps?

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