2 Bed Bungalow, Refurb/BRRR, Peacehaven, BN10 7PW, £325,000

34, Phyllis Avenue, Peacehaven, BN10 7PW - 6 months ago

Sold STC
Refurb/BRRR
ROI: 1%
75 m²
+15 photos

ValuationFair Value

Sold Prices£259K - £465K
Sold Prices/m²£2.7K/m² - £7.5K/m²

 

 

Square Metres

75 m²
Price/m²£4.3K/m²

Value Estimate

£325,000

 

 

End Value (After Refurb)

£309,066

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£81,250

Stamp Duty & Legal Fees

£14,700

Refurb Costs

£35,484

Bridging Loan Interest

£8,531

Total Cash In

£141,715

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£309,066

Mortgage (After Refinance)

£231,799

Mortgage LTV

75%

Cash Left In

£141,715

Equity

£77,266

Rent Range

£1,050 - £2,000

Rent Estimate

£1,370

Running Costs/mo

£1,260

Cashflow/mo

£110

Cashflow/yr

£1,322

ROI

1%

Gross Yield

5%

Local Sold Prices

50 sold prices from £259K to £465K, average is £316.8K. £2.7K/m² to £7.5K/m², average is £4.6K/m².

PriceDateDistanceAddressBeds 
£259K12/200.04 mi54, Hoddern Avenue, Peacehaven, East Sussex BN10 7PH2
£325K12/220.05 mi42, Hoddern Avenue, Peacehaven, East Sussex BN10 7PH2
£300K04/210.05 mi36, Malines Avenue, Peacehaven, East Sussex BN10 7PS2
£399.9K01/230.1 mi38, Cairo Avenue, Peacehaven, East Sussex BN10 7PX2
£312.5K11/200.1 mi49, Cairo Avenue, Peacehaven, East Sussex BN10 7PX2
£305K02/210.11 mi211, Arundel Road West, Peacehaven, East Sussex BN10 7PG2
£375K11/220.11 mi258, Arundel Road West, Peacehaven, East Sussex BN10 7PP2
£365K10/220.14 mi48, Sutton Avenue, Peacehaven, East Sussex BN10 7NY2
£309K09/210.17 mi8, Second Road, Peacehaven, East Sussex BN10 7JP2
£272K11/220.17 mi29, Sutton Avenue, Peacehaven, East Sussex BN10 7NZ2
£290K01/210.17 mi10a, Rowe Avenue, Peacehaven, East Sussex BN10 7JD2
£400K04/230.19 mi66, Malines Avenue, Peacehaven, East Sussex BN10 7RS2
£325K08/210.19 mi86, Malines Avenue, Peacehaven, East Sussex BN10 7RS2
£335K07/210.2 mi49, Cavell Avenue, Peacehaven, East Sussex BN10 7NR2
£330K10/210.2 mi47, Cavell Avenue, Peacehaven, East Sussex BN10 7NR2
£465K09/230.22 mi2, Lincoln Avenue, Peacehaven, East Sussex BN10 7HL2
£345K10/220.23 mi53, Ambleside Avenue, Telscombe Cliffs, Peacehaven, East Sussex BN10 7LP2
£305K05/210.23 mi341, South Coast Road, Telscombe Cliffs, Peacehaven, East Sussex BN10 7HR2
£345K11/210.23 mi339, South Coast Road, Telscombe Cliffs, Peacehaven, East Sussex BN10 7HR2
£317.5K03/210.24 mi216, Arundel Road Central, Peacehaven, East Sussex BN10 8BJ2
£338K06/230.24 mi216, Arundel Road Central, Peacehaven, East Sussex BN10 8BJ2
£325K03/210.27 mi22, Central Avenue, Telscombe Cliffs, Peacehaven, East Sussex BN10 7LY2
£347K10/230.29 mi15a, Edith Avenue, Peacehaven, East Sussex BN10 8JB2
£325K11/220.32 mi27, Horsham Avenue, Peacehaven, East Sussex BN10 8HX2
£284.9K10/200.32 mi32, Horsham Avenue, Peacehaven, East Sussex BN10 8HX2
£365K11/220.32 mi45, Central Avenue, Telscombe Cliffs, Peacehaven, East Sussex BN10 7NB2
£320K03/210.32 mi76, Central Avenue, Telscombe Cliffs, Peacehaven, East Sussex BN10 7NB2
£282K07/210.38 mi45a, Dorothy Avenue, Peacehaven, East Sussex BN10 8HT2
£275K01/210.39 mi85, Hoddern Avenue, Peacehaven, East Sussex BN10 7QT2
£345K12/220.39 mi102, Rowe Avenue North, Peacehaven, East Sussex BN10 7QR2
£338K09/220.4 mi122, Rowe Avenue North, Peacehaven, East Sussex BN10 7QR2
£305K02/230.4 mi7, Jason Close, Peacehaven, East Sussex BN10 8JZ2
£329K01/210.4 mi120, Sutton Avenue North, Peacehaven, East Sussex BN10 7QL2
£315K10/200.4 mi124, Sutton Avenue North, Peacehaven, East Sussex BN10 7QL2
£284K10/200.42 mi90, Telscombe Cliffs Way, Telscombe Cliffs, Peacehaven, East Sussex BN10 7DE2
£290K10/210.43 mi4, Fairlight Avenue, Telscombe Cliffs, Peacehaven, East Sussex BN10 7BN2
£315K05/210.46 mi20, Bridle Way, Telscombe Cliffs, Peacehaven, East Sussex BN10 7DF2
£292.5K10/200.47 mi117b, Cavell Avenue North, Peacehaven, East Sussex BN10 7QQ2
£285K03/210.48 mi20, Cliff Gardens, Telscombe Cliffs, Peacehaven, East Sussex BN10 7BT2
£300K12/200.49 mi39, Cliff Gardens, Telscombe Cliffs, Peacehaven, East Sussex BN10 7BX2
£350K10/220.49 mi120a, Roderick Avenue, Peacehaven, East Sussex BN10 8BS2
£385K02/230.5 mi39, Cliff Gardens, Telscombe Cliffs, Peacehaven, East Sussex BN10 7BX2
£295K12/200.5 mi399, South Coast Road, Telscombe Cliffs, Peacehaven, East Sussex BN10 7AD2
£380K01/230.51 mi123, Firle Road, Telscombe Cliffs, Peacehaven, East Sussex BN10 7RY2
£350K12/220.52 mi122, Firle Road, Peacehaven, East Sussex BN10 7QS2
£290K12/200.52 mi12, Buckhurst Road, Telscombe Cliffs, Peacehaven, East Sussex BN10 7AH2
£316K11/210.53 mi21, Victoria Avenue, Peacehaven, East Sussex BN10 8LX2
£280K06/210.55 mi9, Bramber Close, Peacehaven, East Sussex BN10 8DH2
£265K03/210.56 mi11, Berry Close, Telscombe Cliffs, Peacehaven, East Sussex BN10 7DW2
£279.9K05/210.58 mi17, Woodlands Close, Peacehaven, East Sussex BN10 7SF2

Local Rents

22 rents from £1.1K/mo to £2K/mo, average is £1.4K/mo.

RentDateDistanceAddressBeds 
£1,10012/240.22 mi-2
£1,30012/240.41 miSussex Way, Telscombe Cliffs, BN10 7EX2
£1,10012/240.44 miThe Esplanade, Peacehaven, BN10 7EY2
£1,30003/230.56 mi-2
£1,20012/240.67 miFoxhill, Peacehaven2
£1,45012/240.67 miSouth Coast Road, Peacehaven2
£1,35012/240.68 miKeymer Avenue, Peacehaven, BN10 8EX2
£1,20012/240.68 miSouth Coast Road, Peacehaven, BN10 7BE2
£1,30003/250.7 mi-2
£1,39502/250.71 mi-2
£1,40012/240.71 mi-2
£1,40001/250.71 mi-2
£1,45012/240.73 miTrafalgar Close, Peacehaven, BN102
£1,90203/250.94 mi-2
£1,35012/240.97 mi-2
£1,20012/240.98 miWestview Close, Peacehaven2
£1,30002/250.99 mi-2
£1,05012/240.99 miSouth Coast Road, Peacehaven2
£2,00007/231.02 mi-2
£1,70007/241.02 mi-2
£1,70003/251.02 mi-2
£1,35012/241.06 miOaklands Avenue, Saltdean2

Local Area Statistics

Population in BN10

18,563

Population in Peacehaven

18,566

Town centre distance

0.43 miles away

Nearest school

0.30 miles away

Nearest train station

2.71 miles away

 

 

Rental growth (12m)

+12%

Sales demand

Seller's market

Capital growth (5yrs)

+20%

Property History

Listed for £325,000

October 16, 2024

Floor Plans

Description

  • No Chain +
  • Requiring Updating and Modernisation +
  • Excellent Location +
  • Lounge +
  • West Facing Kitchen +
  • Two Bedrooms +
  • Bathroom/WC +
  • West Rear Garden +
  • Gas Heating +
  • Double Glazing +

Phillipmann estate agents are delighted to offer for sale this two bedroom, detached bungalow which is situated in this popular and convenient residential area of Peacehaven. The property lies within short walking distance to local shops, local schools and a regular bus service running between Brighton and Eastbourne. Furthermore, clifftop walks, access to the beach and other amenities are also located close by.

The property offers the huge benefit of having no chain so if you are looking for a quick move this may be the one for you. In addition, the bungalow does now need modernising and updating but if you are looking for a project and as future home that you can personalise then this is the one.

The useful entrance porch leads into the spacious entrance hall where access to the sizable loft space is at hand. The dual aspect lounge/dining room lies to the front of the property and offers space for all of the normal furniture alongside a feature bay window which overlooks the front garden. The kitchen lies adjacent and offers a range of built in units, work surface and space for all of the normal appliances. A window to the rear overlooks the west facing rear garden and a door to the side provides access.

Two double bedrooms are on offer with one overlooking the front and the second overlooking the rear garden. These are serviced by the bathroom which offers a bath, pedestal wash basin and built-in airing cupboard which house the hot water cylinder. Adjacent lies the separate wc.

Externally, the front garden offers a lawn area which could easily be adapted to provide off road parking for a couple of vehicles. The mature west facing rear garden does require a total facelift but again is mainly laid to lawn with very mature shrubs. Underneath some of the largest you may even find a detached garage/outbuilding that could still offer potential usefulness.

Agent Details

Phillip Mann Estate Agents, Peacehaven

01273 109732

Next Steps?

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