3 Bed Bungalow, Refurb/BRRR, Peacehaven, BN10 8RN, £340,000

42, Gladys Avenue, Peacehaven, BN10 8RN - 1 views - 5 months ago

Refurb/BRRR
~93 m²
+7 photos

ValuationFair Value

Sold Prices£257K - £657.5K
Sold Prices/m²£2.3K/m² - £6.5K/m²

 

 

Square Metres

~93 m²
Price/m²£3.7K/m²

Value Estimate

£336,383

 

 

End Value (After Refurb)

£420,918

Uplift in Value

+24%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£85,000

Stamp Duty & Legal Fees

£22,700

Refurb Costs

£44,000

Bridging Loan Interest

£8,925

Total Cash In

£162,375

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£420,918

Mortgage (After Refinance)

£315,689

Mortgage LTV

75%

Cash Released

£60,689

Cash Left In

£101,686

Equity

£105,230

Rent Range

£700 - £1,950

Rent Estimate

£1,595

Running Costs/mo

£1,654

Cashflow/mo

£-59

Cashflow/yr

£-712

Gross Yield

6%

Local Sold Prices

50 sold prices from £257K to £657.5K, average is £345K. £2.3K/m² to £6.5K/m², average is £3.7K/m².

PriceDateDistanceAddressBeds 
£425K10/230.03 mi52, Piddinghoe Avenue, Peacehaven, East Sussex BN10 8RJ3
£360K11/200.06 mi21, Sunview Avenue, Peacehaven, East Sussex BN10 8RR3
£500K02/230.07 mi37a, Mayfield Avenue, Peacehaven, East Sussex BN10 8RE3
£430K11/220.08 mi69, Arundel Road, Peacehaven, East Sussex BN10 8RL3
£375K07/220.11 mi25a, Vernon Avenue, Peacehaven, East Sussex BN10 8RT3
£427.5K02/230.12 mi39, Arundel Road, Peacehaven, East Sussex BN10 8RS3
£310K03/230.13 mi106a, Arundel Road, Peacehaven, East Sussex BN10 8RG3
£280K01/210.14 mi45, Slindon Avenue, Peacehaven, East Sussex BN10 8ET3
£425K10/200.15 mi2, Mayfield Avenue, Peacehaven, East Sussex BN10 8PB3
£380K09/230.16 mi68, South Coast Road, Peacehaven, East Sussex BN10 8SJ3
£345K08/230.17 mi114, Arundel Road, Peacehaven, East Sussex BN10 8EU3
£657.5K06/230.18 mi11, Neville Road, Peacehaven, East Sussex BN10 8PH3
£318K02/210.18 mi6a, Neville Road, Peacehaven, East Sussex BN10 8PH3
£308K11/200.19 mi24, Keymer Avenue, Peacehaven, East Sussex BN10 8HA3
£320K08/230.19 mi28, Westview Close, Peacehaven, East Sussex BN10 8GA3
£315K08/230.19 mi22, Westview Close, Peacehaven, East Sussex BN10 8GA3
£371K01/210.2 mi29, Neville Road, Peacehaven, East Sussex BN10 8PE3
£455K02/210.2 mi6, Southdown Avenue, Peacehaven, East Sussex BN10 8PN3
£317.5K12/220.21 mi15, Roundhouse Crescent, Peacehaven, East Sussex BN10 8GL3
£335K10/220.21 mi48a, Capel Avenue, Peacehaven, East Sussex BN10 8HB3
£500K12/230.23 mi16, Keymer Avenue, Peacehaven, East Sussex BN10 8NG3
£325K10/200.25 mi81, Keymer Avenue, Peacehaven, East Sussex BN10 8EX3
£297.5K01/210.25 mi50, Keymer Avenue, Peacehaven, East Sussex BN10 8EX3
£335K06/210.25 mi15, Capel Avenue, Peacehaven, East Sussex BN10 8NB3
£291.5K05/210.26 mi96, Seaview Avenue, Peacehaven, East Sussex BN10 8FD3
£370K02/210.26 mi136, Arundel Road, Peacehaven, East Sussex BN10 8HE3
£435K03/210.26 mi134, Arundel Road, Peacehaven, East Sussex BN10 8HE3
£410K09/220.27 mi75, Capel Avenue, Peacehaven, East Sussex BN10 8HD3
£375K03/230.27 mi67a, Capel Avenue, Peacehaven, East Sussex BN10 8HD3
£345K12/220.28 mi20, Friars Avenue, Peacehaven, East Sussex BN10 8PS3
£340K01/230.31 mi3, Jay Road, Peacehaven, East Sussex BN10 8QA3
£290K04/210.31 mi6, Jay Road, Peacehaven, East Sussex BN10 8QA3
£302.5K04/210.31 mi3, Jay Road, Peacehaven, East Sussex BN10 8QA3
£322K12/200.31 mi11, Damon Close, Peacehaven, East Sussex BN10 8JW3
£425K01/230.31 mi21, Bolney Avenue, Peacehaven, East Sussex BN10 8NA3
£383K03/210.31 mi7, Bolney Avenue, Peacehaven, East Sussex BN10 8NA3
£500K12/200.33 mi78, The Promenade, Peacehaven, East Sussex BN10 8LY3
£280K12/200.33 mi37, South Coast Road, Peacehaven, East Sussex BN10 8QN3
£375K12/200.35 mi8a, Cissbury Avenue, Peacehaven, East Sussex BN10 8TJ3
£375K05/230.36 mi21, Seaview Road, Peacehaven, East Sussex BN10 8PX3
£545K03/230.39 mi5, York Road, Peacehaven, East Sussex BN10 8QB3
£300K10/230.39 mi9, York Road, Peacehaven, East Sussex BN10 8QB3
£290K02/230.39 mi18, Downland Avenue, Peacehaven, East Sussex BN10 8TH3
£340K03/210.39 mi22, Bramber Avenue, Peacehaven, East Sussex BN10 8HR3
£377.5K07/230.4 mi10, Steyning Avenue, Peacehaven, East Sussex BN10 8LT3
£257K03/210.41 mi24, Headland Close, Peacehaven, East Sussex BN10 8TL3
£375K08/210.42 mi147a, Arundel Road, Peacehaven, East Sussex BN10 8HP3
£270K06/230.45 mi72, Downland Avenue, Peacehaven, East Sussex BN10 8TT3
£295K12/200.45 mi52, Downland Avenue, Peacehaven, East Sussex BN10 8TY3
£310K10/220.46 mi50, Downland Avenue, Peacehaven, East Sussex BN10 8TY3

Local Rents

12 rents from £700/mo to £1.9K/mo, average is £1.7K/mo.

RentDateDistanceAddressBeds 
£70009/240.15 mi-3
£1,35012/240.16 mi-3
£1,85012/240.19 miKeymer Avenue, PEACEHAVEN3
£1,85012/240.29 miCornwall Avenue Peacehaven BN103
£1,40012/240.33 mi-3
£1,69501/250.35 mi-3
£1,69501/250.35 mi-3
£1,70012/240.45 miCliff Avenue, Peacehaven3
£1,55005/240.47 mi-3
£1,95012/240.48 miFriars Close, Peacehaven3
£1,60012/240.5 miBee Road, BN103
£1,80012/240.58 miEdith Avenue, Peacehaven3

Local Area Statistics

Population in BN10

18,563

Population in Peacehaven

18,566

Town centre distance

0.72 miles away

Nearest school

0.50 miles away

Nearest train station

1.95 miles away

 

 

Rental growth (12m)

+12%

Sales demand

Seller's market

Capital growth (5yrs)

+20%

Property History

Price changed to £340,000

February 8, 2025

Listed for £365,000

November 5, 2024

Description

  • Probate Granted +
  • Three Double Bedrooms +
  • Large West Facing Garden +
  • Good Size Plot +
  • Potential to Improve +
  • VIEWINGS ADVISED +
  • Bathroom +
  • Fitted Kitchen +
  • Large Lounge +
  • Off Road parking +

Phillipmann Estate Agents are pleased to offer for sale this three bedroom detached bungalow in a central location in need of modernisation. Providing a blank canvas within a short walk to all amenities, viewings are a must to appreciate the potential this property has to offer.

As you approach the property, benefits include off road parking with front garden. The tiled entrance porch leads into the spacious inner hall featuring; hatch to loft space and airing cupboard housing combination boiler.

All bedrooms are good sized double rooms with ample space for free standing furniture. The bathroom comprises; bath with twin taps and shower attachment, pedestal wash basin, tiled walls and separate adjacent w/c.

Overlooking the rear garden, the lounge is a lovely room with ample space for all soft furnishings. The kitchen is fitted with a range of wall and base units with complementing working surface. Further features include; 1 1/2 inset sink drainer with window to side, space for white goods and cooker, larder cupboard and window/door to rear garden.

The west facing rear gardens boasts potential with a large lawn covering, patio area and mature stocked borders.

PROBATE GRANTED

Lounge: 11'9 x 10'0 (3.58m x 3.05m)
Bedroom 1: 13'8 x 12'0 (4.17m x 3.66m)
Bedroom 2: 10'5 x 10'0 (3.18m x 3.05m)
Bedroom 3: 14'9 x 7'9 (4.50m x 2.36m)

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 💪