2 Bed Flat, Single Let, Peacehaven, BN10 7PQ, £249,999

12 Margaret Court, South Coast Road, Peacehaven, BN10 7PQ - 3 months ago

Sold STC
Leasehold
BTL
ROI: 2%
~102 m²
+16 photos

ValuationUndervalued

Sold Prices£130K - £345K
Sold Prices/m²£2.5K/m² - £5.6K/m²

 

 

Square Metres

~101.77 m²
Price/m²£2.5K/m²

Value Estimate

£299,999
BMV20%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£62,500

Stamp Duty & Legal Fees

£13,700

Total Cash In

£76,200

 

 

Cash Out

 

Rent Range

£975 - £1,650

Rent Estimate

£1,125

Running Costs/mo

£1,026

Cashflow/mo

£99

Cashflow/yr

£1,185

ROI

2%

Gross Yield

5%

Local Sold Prices

30 sold prices from £130K to £345K, average is £217.9K. £2.5K/m² to £5.6K/m², average is £3.5K/m².

PriceDateDistanceAddressBeds 
£225K04/210.2 mi41, Friars Avenue, Peacehaven, East Sussex BN10 8SB2
£235K05/210.35 mi62, Westview Close, Peacehaven, East Sussex BN10 8GA2
£345K05/210.45 mi43, Gladys Avenue, Peacehaven, East Sussex BN10 8RN2
£317K01/210.5 mi29, Piddinghoe Avenue, Peacehaven, East Sussex BN10 8RJ2
£217.9K05/230.57 mi56, Roundhouse Crescent, Peacehaven, East Sussex BN10 8GL2
£217.9K06/230.57 mi41, Roundhouse Crescent, Peacehaven, East Sussex BN10 8GL2
£200K11/201 miFlat 6, St Lukes Court, Church Hill, Newhaven, East Sussex BN9 9HZ2
£217.9K09/231 miFlat 5, St Lukes Court, Church Hill, Newhaven, East Sussex BN9 9HZ2
£229.9K04/221.01 mi7a, Rose Walk Close, Newhaven, East Sussex BN9 9NL2
£218K04/221.01 mi6, Rose Walk Close, Newhaven, East Sussex BN9 9NL2
£218K09/211.04 mi19, Rectory Close, Newhaven, East Sussex BN9 9HL2
£186K11/211.08 mi97a, Roderick Avenue, Peacehaven, East Sussex BN10 8BN2
£185K07/211.1 mi55, Brighton Road, Newhaven, East Sussex BN9 9NG2
£200K01/211.11 mi195, Hillcrest Road, Newhaven, East Sussex BN9 9EZ2
£200K01/211.11 mi195, Hillcrest Road, Newhaven, East Sussex BN9 9EZ2
£210K04/211.11 mi203, Hillcrest Road, Newhaven, East Sussex BN9 9EZ2
£215K03/221.11 mi195, Hillcrest Road, Newhaven, East Sussex BN9 9EZ2
£130K05/211.13 miFlat 3, Duncan House, Collingwood Close, Peacehaven, East Sussex BN10 8BA2
£163.5K03/221.24 mi16a, South Way, Newhaven, East Sussex BN9 9LL2
£185K05/221.32 miGround Floor Flat, 47, Meeching Road, Newhaven, East Sussex BN9 9RL2
£175K01/221.41 miFlat 1, Bridge Mews, Bridge Street, Newhaven, East Sussex BN9 9PJ2
£203.5K06/211.53 miFlat 2, Greenacres, Central Avenue, Telscombe Cliffs, Peacehaven, East Sussex BN10 7LY2
£260K09/221.54 miFlat 9, Central House, Central Avenue, Telscombe Cliffs, Peacehaven, East Sussex BN10 7LJ2
£235K07/211.55 miFlat 2, Central House, Central Avenue, Telscombe Cliffs, Peacehaven, East Sussex BN10 7LJ2
£214K06/211.55 miFlat 9, Central House, Central Avenue, Telscombe Cliffs, Peacehaven, East Sussex BN10 7LJ2
£270K07/231.55 miFlat 2, Central House, Central Avenue, Telscombe Cliffs, Peacehaven, East Sussex BN10 7LJ2
£224K11/211.55 miFlat 5, Central House, Central Avenue, Telscombe Cliffs, Peacehaven, East Sussex BN10 7LJ2
£230K05/231.57 mi111d, Central Avenue, Telscombe Cliffs, Peacehaven, East Sussex BN10 7NE2
£300K11/221.6 mi2, Tuscan Court, Telscombe Cliffs, Peacehaven, East Sussex BN10 7HF2
£191K04/211.91 mi87, Powell Gardens, Newhaven, East Sussex BN9 0PS2

Local Rents

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

RentDateDistanceAddressBeds 
£1,30012/240.02 mi16 South Coast Road, Peacehaven, BN102
£1,20012/240.07 miSouth Coast Road, BN102
£97512/240.12 mi-2
£1,65012/240.15 miSouth Coast Road, Telscombe Cliffs, Peacehaven2
£1,05012/240.28 miSouth Coast Road, Peacehaven2
£1,20012/240.33 miWestview Close, Peacehaven2
£1,35012/240.35 mi-2
£1,40009/240.36 mi-2
£1,30002/250.55 mi-2
£1,40012/240.56 mi-2
£1,40001/250.56 mi-2
£1,39502/250.59 mi-2
£1,45012/240.6 miSouth Coast Road, Peacehaven2

Local Area Statistics

Population in BN10

18,563

Population in Peacehaven

18,566

Town centre distance

1.13 miles away

Nearest school

0.80 miles away

Nearest train station

1.59 miles away

 

 

Rental growth (12m)

+12%

Sales demand

Seller's market

Capital growth (5yrs)

+20%

Property History

Listed for £249,999

January 9, 2025

Floor Plans

Description

  • Fully Renovated Block Exterior +
  • 1.5 Bathrooms +
  • Substantial Size +
  • First Floor Flat +
  • Sea Views +
  • Two Double Bedrooms +
  • Lounge Dining Room with Balcony +
  • Garage +
  • Communal Parking +
  • Long Lease +

Grab this fantastic opportunity to acquire this perfectly located first floor flat with garage forming part of this recently renovated, well maintained purpose built block. The property is positioned just a stones throw from bus routes to Brighton city centre, local shops and all the amenities that Peacehaven has to offer. Furthermore cliff top walks and access to the beach are just a little further away.

The flat is offered in excellent order and has generous accommodation which includes a light and bright lounge dining room where you will find plenty of space for your soft furnishings as well as your associated furniture with access to balcony. Open planned creating a good social space, the modern kitchen is fitted with a number of cupboards, drawers and contrasting work surfaces as comprising; inset sink drainer with window to side, integral dishwasher and space for other white goods. An oven with counter hob and overhead extractor accompany.

You won't lack storage and space in this flat due to the spacious entrance hall, cloaks cupboard, meter store cupboard and additional separate cloakroom w/c

Both bedrooms are positioned to the rear and are immaculate in its presentation. Again there is plenty of space for all free standing furniture. Completing the interior accommodation is the bathroom which comprises of a modern suite to include a bath with shower above, vanity wc / wash basin unit and complimented by tiled floor and walls.

Outside you will find the flat is surrounded by well kept communal gardens with lots of off road parking to the rear too cupled with your own GARAGE. Lastly the property also benefits from a long lease, so no costly lease extensions needed here.

Service Charge - £2338 per annum (already paid up to June 25')
Ground Rent - £150 per annum
Managing Agents - Housemartins
Lease - 161 years from 1973

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 💪