2 Bed Bungalow, Single Let, Polegate, BN26 5JB, £280,000

Bahram Road, Polegate, East Sussex, BN26 5JB - 2 views - 7 months ago

Sold STC

BTL

ROI: 1%

~68 m²

+10 photos

ValuationUndervalued

Sold Prices	£225K - £428.5K
Sold Prices/m²	£3.1K/m² - £8.5K/m²

Square Metres	~68.11 m²
Price/m²	£4.1K/m²
Value Estimate	£309,119£309,119
BMV	10%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£70,000£70,000
Stamp Duty & Legal Fees	£11,100£11,100
Total Cash In	£81,100£81,100

Cash Out
Rent Range	£975 - £1,530£975 - £1,530
Rent Estimate	£1,200
Running Costs/mo	£1,135£1,135
Cashflow/mo	£65£65
Cashflow/yr	£780£780
ROI	1%1%
Gross Yield	5%5%

Local Sold Prices

50 sold prices from £225K to £428.5K, average is £312.5K. £3.1K/m² to £8.5K/m², average is £4.5K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£275K	06/21	0.05 mi	19, Golden Miller Lane, Polegate, East Sussex BN26 5HW	-	-	2	Semi-Detached House
£380K	06/23	0.05 mi	9, Golden Miller Lane, Polegate, East Sussex BN26 5HW	-	-	2	Semi-Detached House
£275K	04/21	0.11 mi	35, Barons Way, Polegate, East Sussex BN26 5JL	£4,365	63	2	Semi-Detached House
£337K	06/23	0.11 mi	29, Barons Way, Polegate, East Sussex BN26 5JL	-	-	2	Semi-Detached House
£320K	09/23	0.11 mi	19, Barons Way, Polegate, East Sussex BN26 5JL	£5,000	64	2	Semi-Detached House
£280K	04/24	0.11 mi	14, Barons Way, Polegate, East Sussex BN26 5JL	£4,444	63	2	Bungalow
£338K	05/21	0.13 mi	4, Gainsborough Lane, Polegate, East Sussex BN26 5HY	-	-	2	Detached House
£323K	04/24	0.14 mi	2, Hilary Close, Polegate, East Sussex BN26 5JH	£3,800	85	2	Bungalow
£375K	09/23	0.14 mi	18, Hilary Close, Polegate, East Sussex BN26 5JH	-	-	2	Semi-Detached House
£310K	12/23	0.18 mi	40, Barons Way, Polegate, East Sussex BN26 5JJ	£5,167	60	2	Bungalow
£275K	11/20	0.19 mi	34, Barons Way, Polegate, East Sussex BN26 5JL	£3,986	69	2	Semi-Detached House
£425K	05/23	0.2 mi	13, Old Drive, Polegate, East Sussex BN26 5ET	£5,120	83	2	Detached House
£369K	04/24	0.2 mi	24, Old Drive, Polegate, East Sussex BN26 5ET	£5,271	70	2	Bungalow
£360K	10/23	0.2 mi	34, Old Drive, Polegate, East Sussex BN26 5ET	-	-	2	Detached House
£320K	10/23	0.22 mi	18, Sunstar Lane, Polegate, East Sussex BN26 5HS	-	-	2	Semi-Detached House
£360K	06/22	0.22 mi	8, Sunstar Lane, Polegate, East Sussex BN26 5HS	-	-	2	Terraced House
£428.5K	05/21	0.22 mi	24, Sunstar Lane, Polegate, East Sussex BN26 5HS	£7,518	57	2	Detached House
£242.5K	02/21	0.23 mi	25, Gosford Way, Polegate, East Sussex BN26 6DR	£4,181	58	2	Semi-Detached House
£340K	10/22	0.25 mi	50, Gosford Way, Polegate, East Sussex BN26 6DP	-	-	2	Detached House
£325K	04/23	0.27 mi	3, Gosford Way, Polegate, East Sussex BN26 6DS	£4,851	67	2	Detached House
£325K	03/21	0.27 mi	7, Gosford Way, Polegate, East Sussex BN26 6DS	£4,276	76	2	Detached House
£330K	05/21	0.27 mi	2, Gosford Way, Polegate, East Sussex BN26 6DS	£5,000	66	2	Detached House
£299K	12/22	0.28 mi	7, Diplock Close, Polegate, East Sussex BN26 6DN	£5,863	51	2	Semi-Detached House
£240K	07/21	0.29 mi	4, Diplock Close, Polegate, East Sussex BN26 6DN	-	-	2	Semi-Detached House
£285K	05/24	0.3 mi	30, Southfield, Polegate, East Sussex BN26 5LX	£5,377	53	2	Semi-Detached House
£240K	06/21	0.3 mi	41, Brook Street, Polegate, East Sussex BN26 6BH	-	-	2	Terraced House
£380K	06/23	0.32 mi	62, Hyperion Avenue, Polegate, East Sussex BN26 5HT	-	-	2	Semi-Detached House
£260K	03/24	0.33 mi	4, Victoria Close, Polegate, East Sussex BN26 6BZ	-	-	2	Bungalow
£305K	06/24	0.33 mi	11, Victoria Close, Polegate, East Sussex BN26 6BZ	£3,961	77	2	Bungalow
£265K	02/21	0.33 mi	10, Victoria Close, Polegate, East Sussex BN26 6BZ	£4,907	54	2	Semi-Detached House
£280K	06/22	0.33 mi	56, Victoria Road, Polegate, East Sussex BN26 6DA	£3,146	89	2	Terraced House
£262K	03/23	0.33 mi	50, Victoria Road, Polegate, East Sussex BN26 6DA	£8,452	31	2	Terraced House
£315K	02/23	0.34 mi	102, Eastbourne Road, Polegate, East Sussex BN26 5DF	-	-	2	Detached House
£325K	10/23	0.34 mi	57, Brookside Avenue, Polegate, East Sussex BN26 6DH	£5,508	59	2	Bungalow
£280K	11/20	0.34 mi	69, Brookside Avenue, Polegate, East Sussex BN26 6DH	£3,916	72	2	Detached House
£290K	10/20	0.34 mi	61, Brookside Avenue, Polegate, East Sussex BN26 6DH	£4,328	67	2	Semi-Detached House
£347K	02/21	0.35 mi	21, Church Road, Polegate, East Sussex BN26 5BU	£4,753	73	2	Detached House
£295K	08/22	0.36 mi	121, Southfield, Polegate, East Sussex BN26 5LZ	£4,538	65	2	Terraced House
£225K	06/21	0.36 mi	139, Southfield, Polegate, East Sussex BN26 5LZ	-	-	2	Semi-Detached House
£265K	11/20	0.37 mi	34, Albert Road, Polegate, East Sussex BN26 6BS	£3,272	81	2	Semi-Detached House
£300K	11/22	0.37 mi	30, Albert Road, Polegate, East Sussex BN26 6BS	£4,225	71	2	Terraced House
£325K	07/21	0.38 mi	26, Grosvenor Close, Polegate, East Sussex BN26 5LS	£4,063	80	2	Semi-Detached House
£310K	01/24	0.38 mi	25, Grosvenor Close, Polegate, East Sussex BN26 5LS	£4,189	74	2	Bungalow
£322.5K	05/21	0.4 mi	26, St Johns Road, Polegate, East Sussex BN26 5BT	£5,039	64	2	Detached House
£382K	08/23	0.4 mi	30, St Johns Road, Polegate, East Sussex BN26 5BT	£5,457	70	2	Detached House
£420K	03/23	0.42 mi	1, Clement Lane, Polegate, East Sussex BN26 5DR	£6,885	61	2	Detached House
£349K	03/23	0.42 mi	19, Paddock Gardens, Polegate, East Sussex BN26 5PN	-	-	2	Semi-Detached House
£240K	02/21	0.43 mi	25, Farmlands Way, Polegate, East Sussex BN26 5LR	-	-	2	Semi-Detached House
£310K	03/21	0.43 mi	21, Walnut Walk, Polegate, East Sussex BN26 5AJ	£4,026	77	2	Semi-Detached House
£275K	12/20	0.43 mi	12, The Millrace, Polegate, East Sussex BN26 5LP	£4,044	68	2	Semi-Detached House

Local Rents

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

Rent	Date	Distance	Address	Beds	Type
£1,350	03/25	0.29 mi	-	2	Terraced House
£1,200	12/24	0.39 mi	Victoria Road, Polegate	2	Flat
£1,200	09/24	0.42 mi	-	2	Flat
£1,200	09/24	0.43 mi	-	2	Terraced House
£1,400	12/24	0.47 mi	-	2	Bungalow
£1,530	12/24	0.47 mi	-	2	Bungalow
£1,300	12/24	0.47 mi	-	2	Bungalow
£975	01/25	0.5 mi	-	2	Flat
£1,200	12/24	0.56 mi	Farmlands Close, Polegate, East Sussex, BN26	2	Detached House
£1,200	03/25	0.59 mi	-	2	Bungalow
£1,395	12/24	0.6 mi	Westfield Close, Polegate, East Sussex	2	Flat

Local Area Statistics

Population in BN26	11,45111,451
Town centre distance	0.59 miles away0.59 miles away
Nearest school	0.60 miles away0.60 miles away
Nearest train station	0.44 miles away0.44 miles away

Rental growth (12m)	+38%+38%
Sales demand	Balanced marketBalanced market
Capital growth (5yrs)	+19%+19%

Property History

Listed for £280,000

September 30, 2024

Floor Plans

Description

TWO BEDROOM SEMI-DETACHED BUNGALOW +
SOUGHT AFTER STUD FARM AREA IN POLEGATE +
DOUBLE FRONTED PROPERTY +
LOUNGE AND BEDROOM WITH BAY WINDOWS +
DRIVEWAY +
PRIVATE GARDEN +
OFFERED TO THE MARKET CHAIN FREE +

CHAIN FREE | FANTASTIC LOCATION | PRIVATE OUTLOOK - Contact Move Sussex to arrange a viewing of this spacious semi-detached bungalow featuring 2 double bedrooms, private rear garden, large driveway and garage to front located in the sought after Stud Farm area. GUIDE PRICE £280,000 - £300,000.

This semi-detached bungalow boasts a thoughtfully designed layout, comprising entrance porch, lounge, conservatory, kitchen, two bedrooms, & Shower room. The property also benefits from double glazed windows, gas central heating system, gardens to front and rear , driveway and garage. An internal viewing is highly recommended, offered to the market CHAIN FREE.

Accommodation:

ENTRANCE PORCH
Double glazed window. to side, Shelving and double glazed door to entrance hall.

ENTRANCE HALL
Loft hatch, Airing Cupboard, Radiator.

LOUNGE
3.6 (11ft9) x 4.36 (14ft4) Max. Double glazed bay window to front, feature electric fireplace, Radiator.

KITCHEN
3.0 (9ft9) x 3.2 ( 10ft9) Double glazed window to side, double glazed window and door opening to conservatory, range of eye level and base units, one and half bowl stainless steel sink with mixer tap and drainer, built in oven, hob and extractor fan, space for fridge/freezer, space for washing machine part tiled walls.

BEDROOM 1
3.2 (10ft9) x 3.4 (11ft3) Max. Double glazed bay window to front, Radiator.

BEDROOM 2
3.2 (10ft9) x 3.12 (10ft3) . Double glazed sliding door leading to conservatory, Radiator.

SHOWER ROOM
Obscure double glazed window to rear, white suite comprising low level w.c, wash basin, shower cubicle, radiator, fully tiled.

CONSERVATORY
2.0 ( 6FT7) X 4.77 ( 15FT8)
Glazed windows and doors to side and rear opening to rear garden.

FRONT GARDEN
Large front garden comprising of flowers, trees and shrubs,

REAR GARDEN
Lawned area, patio area, green house, flowers, trees and shrubs, side access.

DRIVEWAY
Providing ample off road parking space.

GARAGE
Up and over door.

EPC - TBC
COUNCIL TAX - The property is in Band C. The amount payable for 2023-2024 is £2,216.62. This information is taken from voa.gov.uk

Agent Details

Move Sussex, Eastbourne

01323 401851

Next Steps?

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

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