2 Bed Flat, Single Let, Peacehaven, BN10 8SX, £250,000

South Coast Road, Peacehaven, East Sussex, BN10 8SX - 3 months ago

Leasehold
BTL
ROI: 2%
~68 m²
+5 photos

ValuationOvervalued

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

 

 

Square Metres

~68.11 m²
Price/m²£3.7K/m²

Value Estimate

£235,118

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£62,500

Stamp Duty & Legal Fees

£8,700

Total Cash In

£71,200

 

 

Cash Out

 

Rent Range

£975 - £1,650

Rent Estimate

£1,144

Running Costs/mo

£1,030

Cashflow/mo

£114

Cashflow/yr

£1,367

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 
£225K04/210.17 mi41, Friars Avenue, Peacehaven, East Sussex BN10 8SB2
£235K05/210.32 mi62, Westview Close, Peacehaven, East Sussex BN10 8GA2
£345K05/210.42 mi43, Gladys Avenue, Peacehaven, East Sussex BN10 8RN2
£317K01/210.46 mi29, Piddinghoe Avenue, Peacehaven, East Sussex BN10 8RJ2
£217.9K05/230.54 mi56, Roundhouse Crescent, Peacehaven, East Sussex BN10 8GL2
£217.9K06/230.54 mi41, Roundhouse Crescent, Peacehaven, East Sussex BN10 8GL2
£200K11/201.04 miFlat 6, St Lukes Court, Church Hill, Newhaven, East Sussex BN9 9HZ2
£217.9K09/231.04 miFlat 5, St Lukes Court, Church Hill, Newhaven, East Sussex BN9 9HZ2
£186K11/211.05 mi97a, Roderick Avenue, Peacehaven, East Sussex BN10 8BN2
£229.9K04/221.06 mi7a, Rose Walk Close, Newhaven, East Sussex BN9 9NL2
£218K04/221.06 mi6, Rose Walk Close, Newhaven, East Sussex BN9 9NL2
£218K09/211.09 mi19, Rectory Close, Newhaven, East Sussex BN9 9HL2
£130K05/211.12 miFlat 3, Duncan House, Collingwood Close, Peacehaven, East Sussex BN10 8BA2
£185K07/211.15 mi55, Brighton Road, Newhaven, East Sussex BN9 9NG2
£200K01/211.16 mi195, Hillcrest Road, Newhaven, East Sussex BN9 9EZ2
£200K01/211.16 mi195, Hillcrest Road, Newhaven, East Sussex BN9 9EZ2
£210K04/211.16 mi203, Hillcrest Road, Newhaven, East Sussex BN9 9EZ2
£215K03/221.16 mi195, Hillcrest Road, Newhaven, East Sussex BN9 9EZ2
£163.5K03/221.29 mi16a, South Way, Newhaven, East Sussex BN9 9LL2
£185K05/221.37 miGround Floor Flat, 47, Meeching Road, Newhaven, East Sussex BN9 9RL2
£175K01/221.46 miFlat 1, Bridge Mews, Bridge Street, Newhaven, East Sussex BN9 9PJ2
£203.5K06/211.5 miFlat 2, Greenacres, Central Avenue, Telscombe Cliffs, Peacehaven, East Sussex BN10 7LY2
£260K09/221.5 miFlat 9, Central House, Central Avenue, Telscombe Cliffs, Peacehaven, East Sussex BN10 7LJ2
£235K07/211.51 miFlat 2, Central House, Central Avenue, Telscombe Cliffs, Peacehaven, East Sussex BN10 7LJ2
£214K06/211.51 miFlat 9, Central House, Central Avenue, Telscombe Cliffs, Peacehaven, East Sussex BN10 7LJ2
£270K07/231.51 miFlat 2, Central House, Central Avenue, Telscombe Cliffs, Peacehaven, East Sussex BN10 7LJ2
£224K11/211.51 miFlat 5, Central House, Central Avenue, Telscombe Cliffs, Peacehaven, East Sussex BN10 7LJ2
£230K05/231.54 mi111d, Central Avenue, Telscombe Cliffs, Peacehaven, East Sussex BN10 7NE2
£300K11/221.56 mi2, Tuscan Court, Telscombe Cliffs, Peacehaven, East Sussex BN10 7HF2
£191K04/211.95 mi87, Powell Gardens, Newhaven, East Sussex BN9 0PS2

Local Rents

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

RentDateDistanceAddressBeds 
£1,30012/240.04 mi16 South Coast Road, Peacehaven, BN102
£1,20012/240.11 miSouth Coast Road, BN102
£97512/240.16 mi-2
£1,65012/240.19 miSouth Coast Road, Telscombe Cliffs, Peacehaven2
£1,05012/240.24 miSouth Coast Road, Peacehaven2
£1,20012/240.31 miWestview Close, Peacehaven2
£1,35012/240.33 mi-2
£1,40009/240.38 mi-2
£1,40012/240.52 mi-2
£1,40001/250.52 mi-2
£1,30002/250.55 mi-2
£1,39502/250.56 mi-2
£1,45012/240.56 miSouth Coast Road, Peacehaven2
£1,35012/240.62 miKeymer Avenue, Peacehaven, BN10 8EX2

Local Area Statistics

Population in BN10

18,563

Population in Peacehaven

18,566

Town centre distance

1.11 miles away

Nearest school

0.90 miles away

Nearest train station

1.58 miles away

 

 

Rental growth (12m)

+12%

Sales demand

Seller's market

Capital growth (5yrs)

+20%

Property History

Listed for £250,000

January 20, 2025

Floor Plans

Description

  • Two Double Bedrooms +
  • Modern +
  • Purpose Built Block +
  • Peacehaven +
  • Open Plan Living +
  • Juliette Balconies +
  • Allocated Parking +
  • Easy Access To Newhaven +
  • Must View! +
  • Ensuite Shower Room +

Harringtons Sales are thrilled to present this stylish two-double-bedroom flat in a modern, purpose-built building. Ideally located for easy access to Newhaven, Brighton, and surrounding areas, this property offers a fantastic blend of comfort and convenience.

PROPERTY Enjoy the spacious open-plan kitchen and living area, perfect for entertaining or simply relaxing. The modern kitchen boasts integrated appliances, while the living area provides ample space for dining.

Both double bedrooms feature Juliette balconies offering pleasant views to the rear. One bedroom boasts built-in wardrobes and an ensuite shower room for added luxury. The main bathroom includes a shower over bath for your convenience.

This modern flat is impeccably presented and will suit a variety of lifestyles.

LOCATION Situated on the picturesque South Coast Road, this property enjoys a prime location. This vibrant coastal road boasts a wealth of amenities, including a range of shops, restaurants, and cafes. With stunning views of the English Channel and the iconic chalk cliffs, South Coast Road is a highly sought-after location.

Offers in excess of £250,000.

Room Sizes:
Hallway: 6'10" x 8'9" (2.10 x 2.67M)
Kitchen/Lounge: 11'7" x 23'1" (3.56 x 7.05M)
Bedroom 1: 7'4" x 13'10" (2.24 x 4.24M)
Bathroom: 8'1" x 5'0" (2.48 x 1.53M)
Bedroom 2: 8'11" x 17'7" (2.72 x 5.37M)
Ensuite: 5'8" x 4'2" (1.73 x 1.27M)

EPC: B82
COUNCIL TAX BAND: Band B
PARKING: Allocated Parking Space

LEASE TERM: 125 Years From 29th September 2017 (117 Years Remaining)
GROUND RENT: £200 Per Annum
SERVICE CHARGE: £1,242.06 Per Annum

Capitals 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 for no delay in agreeing the sale.

General: while we endeavour to make ourselves particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which a particular is imported to you please contact us and we are pleased to check the position for you.

The measurements are indicated with guidance only and must considered incorrect.

Services: please note we have not tested the services or any equipment or appliances in this property. Accordingly we strongly advise prospective purchasers to commission their own survey or service reports before finalising their purchase.

These particulars are issues in good faith but do not contribute representations of fact or form part of any offer or contract. The matter is referred in these particulars should be independently verified by prospective buyers or tenants, neither Harringtons Lettings or any of its employees or agents as any authority to make or give any representation or warranty whatever in relation to this property.

Agent Details

Harringtons Sales, Hove

01273 724000

Next Steps?

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