2 Bed Bungalow, Single Let, Peacehaven, BN10 8SE, £350,000

59, Cornwall Avenue, Peacehaven, BN10 8SE - 2 views - 6 months ago

BTL
~96 m²
+18 photos

ValuationUndervalued

Sold Prices£220K - £455K
Sold Prices/m²£3.2K/m² - £7.4K/m²

 

 

Square Metres

~95.80 m²
Price/m²£3.7K/m²

Value Estimate

£414,027
BMV18%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£87,500

Stamp Duty & Legal Fees

£16,700

Total Cash In

£104,200

 

 

Cash Out

 

Rent Range

£975 - £1,650

Rent Estimate

£1,125

Running Costs/mo

£1,339

Cashflow/mo

£-214

Cashflow/yr

£-2,565

Gross Yield

4%

Local Sold Prices

50 sold prices from £220K to £455K, average is £307.8K. £3.2K/m² to £7.4K/m², average is £4.5K/m².

PriceDateDistanceAddressBeds 
£310K10/210.03 mi11, Cissbury Avenue, Peacehaven, East Sussex BN10 8TJ2
£260K09/210.07 mi21, Roundhay Avenue, Peacehaven, East Sussex BN10 8TG2
£364.5K03/230.09 mi20, Searle Avenue, Peacehaven, East Sussex BN10 8TB2
£280K10/220.1 mi45, Cornwall Avenue, Peacehaven, East Sussex BN10 8SG2
£349.9K08/230.11 mi37, Cornwall Avenue, Peacehaven, East Sussex BN10 8SG2
£320K04/210.11 mi32a, Cissbury Avenue, Peacehaven, East Sussex BN10 8TN2
£220K06/210.12 mi6, Montreal Close, Peacehaven, East Sussex BN10 8FG2
£262K10/220.12 mi12, Montreal Close, Peacehaven, East Sussex BN10 8FG2
£275K06/210.17 mi48, South Coast Road, Peacehaven, East Sussex BN10 8SH2
£275K08/220.2 mi8, Cliff Park Close, Peacehaven, East Sussex BN10 8TR2
£295K02/210.23 mi41, Arundel Road, Peacehaven, East Sussex BN10 8RS2
£380K07/230.24 mi39, Vernon Avenue, Peacehaven, East Sussex BN10 8RT2
£346K03/230.26 mi5, Cornwall Avenue, Peacehaven, East Sussex BN10 8PT2
£350K05/210.26 mi15, Cornwall Avenue, Peacehaven, East Sussex BN10 8PT2
£286K04/210.26 mi12, Cornwall Avenue, Peacehaven, East Sussex BN10 8PT2
£349.9K06/210.27 mi30, Sunview Avenue, Peacehaven, East Sussex BN10 8RR2
£340K08/210.29 mi21, Seaview Avenue, Peacehaven, East Sussex BN10 8PP2
£360K06/210.31 mi5, Southdown Avenue, Peacehaven, East Sussex BN10 8PN2
£268K03/210.32 mi7, Piddinghoe Close, Peacehaven, East Sussex BN10 8RH2
£372.5K11/210.32 mi34, Gladys Avenue, Peacehaven, East Sussex BN10 8RN2
£351K09/230.33 mi6, Vernon Avenue, Peacehaven, East Sussex BN10 8PL2
£355K11/220.34 mi22, Sunview Avenue, Peacehaven, East Sussex BN10 8PJ2
£365K03/230.35 mi107, South Coast Road, Peacehaven, East Sussex BN10 8QU2
£455K01/230.37 mi48, Piddinghoe Avenue, Peacehaven, East Sussex BN10 8RJ2
£330K03/210.37 mi107, South Coast Road, Peacehaven, East Sussex BN10 8QU2
£319K05/210.38 mi102, Arundel Road, Peacehaven, East Sussex BN10 8RG2
£232.5K03/210.39 mi54, Flint Way, Peacehaven, East Sussex BN10 8GN2
£256K06/210.39 mi26, Flint Way, Peacehaven, East Sussex BN10 8GN2
£325K04/210.39 mi10, Gladys Avenue, Peacehaven, East Sussex BN10 8PG2
£273K06/210.46 mi54, Slindon Avenue, Peacehaven, East Sussex BN10 8ET2
£310K06/210.46 mi20, Mayfield Avenue, Peacehaven, East Sussex BN10 8PB2
£305K12/230.48 mi91, Arundel Road, Peacehaven, East Sussex BN10 8EY2
£340K12/220.52 mi20, Slindon Avenue, Peacehaven, East Sussex BN10 8NJ2
£320K03/210.52 mi41, Capel Avenue, Peacehaven, East Sussex BN10 8HB2
£267.5K11/200.53 mi56, Capel Avenue, Peacehaven, East Sussex BN10 8HD2
£316K11/210.66 mi21, Victoria Avenue, Peacehaven, East Sussex BN10 8LX2
£280K06/210.7 mi9, Bramber Close, Peacehaven, East Sussex BN10 8DH2
£244.5K01/210.73 mi31a, The Fairway, Newhaven, East Sussex BN9 9XX2
£305K02/230.74 mi7, Jason Close, Peacehaven, East Sussex BN10 8JZ2
£305.5K09/230.75 mi9, Brazen Close, Newhaven, East Sussex BN9 9XZ2
£300K06/230.75 mi5, Brazen Close, Newhaven, East Sussex BN9 9XZ2
£282K07/210.75 mi45a, Dorothy Avenue, Peacehaven, East Sussex BN10 8HT2
£276K08/230.81 mi7, The Bricky, Peacehaven, East Sussex BN10 8PQ2
£325K11/220.81 mi27, Horsham Avenue, Peacehaven, East Sussex BN10 8HX2
£284.9K10/200.81 mi32, Horsham Avenue, Peacehaven, East Sussex BN10 8HX2
£336K07/230.83 mi24, Firle Road, Peacehaven, East Sussex BN10 8DB2
£347K10/230.84 mi15a, Edith Avenue, Peacehaven, East Sussex BN10 8JB2
£272.5K10/220.87 mi5, Southdown Close, Newhaven, East Sussex BN9 9JQ2
£275K12/220.9 mi3, Hazel Close, Newhaven, East Sussex BN9 9XU2
£258K10/220.9 mi74, Northdown Road, Newhaven, East Sussex BN9 9JE2

Local Rents

14 rents from £975/mo to £1.6K/mo, average is £1.4K/mo.

RentDateDistanceAddressBeds 
£1,20012/240.15 miWestview Close, Peacehaven2
£97512/240.16 mi-2
£1,35012/240.16 mi-2
£1,30012/240.19 mi16 South Coast Road, Peacehaven, BN102
£1,65012/240.21 miSouth Coast Road, Telscombe Cliffs, Peacehaven2
£1,40009/240.23 mi-2
£1,05012/240.25 miSouth Coast Road, Peacehaven2
£1,20012/240.27 miSouth Coast Road, BN102
£1,30002/250.35 mi-2
£1,39502/250.42 mi-2
£1,40012/240.45 mi-2
£1,40001/250.45 mi-2
£1,35012/240.47 miKeymer Avenue, Peacehaven, BN10 8EX2
£1,45012/240.48 miSouth Coast Road, Peacehaven2

Local Area Statistics

Population in BN10

18,563

Population in Peacehaven

18,566

Town centre distance

0.95 miles away

Nearest school

0.80 miles away

Nearest train station

1.62 miles away

 

 

Rental growth (12m)

+12%

Sales demand

Seller's market

Capital growth (5yrs)

+20%

Property History

Listed for £350,000

October 15, 2024

Floor Plans

Description

  • Very Well Presented +
  • Convenient Location +
  • Far Reaching Views from the Front +
  • West Facing Lounge/Dining Room +
  • Fitted Kitchen +
  • Full Width Conservatory +
  • Two Double Bedrooms +
  • Bathroom and Separate WC +
  • Off Road Parking and Integral Garage +
  • Front and Rear Gardens +

If you are looking for a very well presented property, which is situated in this sought after position, then this may be the perfect property for you to purchase. Located within easy walking distance of regular bus services to Brighton, the newly created Centenary Park, clifftop walks and access to the beach - it is the perfect position. A front door welcomes you into the spacious entrance hall where you will find a built-in storage cupboard, as well as access to the loft space. The hallway in turn offers access to all the principal rooms. The lounge/dining room is located at the front of the property and here you will find space for all your soft furnishings, dining table and other furnishings. Facing west, this is a bright space with a large window which overlooks the pleasant and well kept front garden and the allotments beyond. The fitted kitchen lies nearby and has a good range of work surfaces, drawers, and cupboards alongside some integrated appliances and space for others. A window and door overlook the side of the property and access both the front and rear gardens. Two spacious double bedrooms are on offer here with both offering plenty of space for all your associated furniture alongside windows that overlook the rear. A large conservatory is accessed from the master bedroom and is a lovely addition with windows and a door overlooking and affording access into the rear garden. The shower room consists of a shower and wash hand basin and a separate wc is located adjacent. Externally the sunny, low maintenance rear garden offers a lawn area alongside flower and mature shrub borders which is enclosed by high fencing which in turn provides a good degree of privacy and seclusion. The front garden is also low maintenance and offers a lawn area and flower bed alongside a private drive which leads to the integral garage. The garage is ideal for the car, just for storage or also offers the ability to provide habitable accommodation should it be required.

Agent Details

Phillip Mann Estate Agents, Peacehaven

01273 109732

Next Steps?

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