2 Bed Flat, Single Let, Polegate, BN26 6JH, £160,000

Aberdale Road, Polegate, BN26 6JH - 1 views - 5 months ago

Sold STC
Leasehold
BTL
ROI: 9%
~68 m²
+3 photos

ValuationUndervalued

Sold Prices£149.9K - £295K
Sold Prices/m²£2.5K/m² - £3.8K/m²

 

 

Square Metres

~68.11 m²
Price/m²£2.3K/m²

Value Estimate

£194,013
BMV21%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£40,000

Stamp Duty & Legal Fees

£9,200

Total Cash In

£49,200

 

 

Cash Out

 

Rent Range

£975 - £1,530

Rent Estimate

£1,100

Running Costs/mo

£740

Cashflow/mo

£360

Cashflow/yr

£4,320

ROI

9%

Gross Yield

8%

Local Sold Prices

26 sold prices from £149.9K to £295K, average is £184.9K. £2.5K/m² to £3.8K/m², average is £2.8K/m².

PriceDateDistanceAddressBeds 
£187K10/220.18 mi3, Lynholm Road, Polegate, East Sussex BN26 6JW2
£155K04/230.18 mi1a, Lynholm Road, Polegate, East Sussex BN26 6JW2
£200K04/220.21 mi104, Kensington Way, Polegate, East Sussex BN26 6FJ2
£190K05/210.21 mi8, Kensington Way, Polegate, East Sussex BN26 6FJ2
£190K04/210.21 mi88, Kensington Way, Polegate, East Sussex BN26 6FJ2
£183K06/210.21 mi32, Kensington Way, Polegate, East Sussex BN26 6FJ2
£188K09/210.21 mi30, Kensington Way, Polegate, East Sussex BN26 6FJ2
£268K01/210.51 mi12, Spurway Park, Polegate, East Sussex BN26 5DQ2
£170.5K10/220.6 miFlat 2, Hawthorn Court, Black Path, Polegate, East Sussex BN26 5BB2
£183K02/230.6 miFlat 15, Hawthorn Court, Black Path, Polegate, East Sussex BN26 5BB2
£185K12/230.6 miFlat 5, Hawthorn Court, Black Path, Polegate, East Sussex BN26 5BB2
£165K05/220.66 mi8a, Gilda Crescent, Polegate, East Sussex BN26 6AN2
£157K04/220.76 miFlat 8, Chiltern Court, Albert Road, Polegate, East Sussex BN26 6BS2
£190K06/230.82 mi47, Brook Street, Polegate, East Sussex BN26 6BH2
£200K09/230.83 miFlat 6, Chiltern Court, Albert Road, Polegate, East Sussex BN26 6BS2
£155K02/230.95 miFlat 52, Guardian Court, Brookside Avenue, Polegate, East Sussex BN26 6DW2
£149.9K04/210.95 miFlat 50, Guardian Court, Brookside Avenue, Polegate, East Sussex BN26 6DW2
£159.3K11/220.96 miFlat 4, Guardian Court, Brookside Avenue, Polegate, East Sussex BN26 6DW2
£295K07/210.98 mi7, Croft Close, Polegate, East Sussex BN26 5LE2
£184.9K12/200.99 mi34, The Millrace, Polegate, East Sussex BN26 5LP2
£184.9K12/200.99 mi34, The Millrace, Polegate, East Sussex BN26 5LP2
£184.9K12/200.99 mi34, The Millrace, Polegate, East Sussex BN26 5LP2
£235K02/231 mi21, Willingdon Court, Willingdon, Eastbourne, East Sussex BN20 9NH2
£178K07/231 mi22, Willingdon Court, Willingdon, Eastbourne, East Sussex BN20 9NH2
£175K11/201 mi18, Willingdon Court, Willingdon, Eastbourne, East Sussex BN20 9NH2
£182.5K07/231 mi14, Willingdon Court, Willingdon, Eastbourne, East Sussex BN20 9NH2

Local Rents

25 rents from £975/mo to £1.5K/mo, average is £1.3K/mo.

RentDateDistanceAddressBeds 
£1,12512/240.21 miKensington Way, Polegate, East Sussex, BN262
£1,30012/240.4 miEastern Avenue, Polegate2
£1,25012/240.4 mi-2
£1,30003/250.42 mi-2
£1,10012/240.42 miPorters Way, Polegate2
£1,20003/250.49 mi-2
£1,39512/240.58 miWestfield Close, Polegate, East Sussex2
£1,20009/240.65 mi-2
£1,30012/240.68 mi-2
£1,25003/240.81 miSeven Sisters Road, Eastbourne, East Sussex, BN222
£1,30005/240.84 miHawksbridge Close, EASTBOURNE2
£1,35003/250.87 mi-2
£1,20012/240.89 miVictoria Road, Polegate2
£1,20009/240.9 mi-2
£97501/250.9 mi-2
£1,20012/240.9 miFarmlands Close, Polegate, East Sussex, BN262
£1,53012/240.96 mi-2
£1,05008/230.98 mi-2
£1,30012/230.99 mi-2
£1,10003/241 miWillingdon court2
£1,19502/251.03 mi-2
£1,40012/241.17 mi-2
£1,30003/241.19 miCatsfield Close, Eastbourne2
£1,30004/241.19 miSt. Marys Close, Eastbourne2
£1,20003/241.23 miThe Lawns, St. Marys Close, Willingdon, Eastbourne2

Local Area Statistics

Population in BN26

11,451

Town centre distance

0.53 miles away

Nearest school

0.70 miles away

Nearest train station

0.64 miles away

 

 

Rental growth (12m)

+38%

Sales demand

Balanced market

Capital growth (5yrs)

+19%

Property History

Price changed to £160,000

December 31, 2024

Listed for £165,000

November 16, 2024

Description

  • Needs modernising +
  • No heating and no hot water -- boiler is broken +
  • 2 bedrooms +
  • Share of freehold +
  • No chain +

SUMMARY
Ground floor two bedroom flat with own front door to side, needs some work and updating, no chain, Polegate location with mainline station. Note -- gas fired boiler does not work.

DESCRIPTION
This is a ground floor two bedroom flat, it does require new heating and hot water system as current boiler no longer works and additonal updating to the flat, there is no onward chain. Share of Freehold.

We currently hold lease details as displayed above, should you require further information please contact the branch. Please note additional fees could be incurred for items such as leasehold packs.

1. MONEY LAUNDERING REGULATIONS: Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2. General: While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.
3. The measurements indicated are supplied for guidance only and as such must be considered incorrect.
4. Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.
5. THESE PARTICULARS ARE ISSUED IN GOOD FAITH BUT DO NOT CONSTITUTE REPRESENTATIONS OF FACT OR FORM PART OF ANY OFFER OR CONTRACT. THE MATTERS REFERRED TO IN THESE PARTICULARS SHOULD BE INDEPENDENTLY VERIFIED BY PROSPECTIVE BUYERS OR TENANTS. NEITHER SEQUENCE (UK) LIMITED NOR ANY OF ITS EMPLOYEES OR AGENTS HAS ANY AUTHORITY TO MAKE OR GIVE ANY REPRESENTATION OR WARRANTY WHATEVER IN RELATION TO THIS PROPERTY.

Agent Details

Fox & Sons, Polegate

01323 403301

Next Steps?

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