2 Bed Flat, Single Let, Peacehaven, BN10 7PL, £239,950

Malines Court, 302 South Coast Road, Peacehaven, BN10 7PL - 2 months ago

Leasehold
BTL
ROI: 2%
~68 m²
+9 photos

ValuationUndervalued

Sold Prices£130K - £405K
Sold Prices/m²£2.8K/m² - £7.5K/m²

 

 

Square Metres

~68.11 m²
Price/m²£3.5K/m²

Value Estimate

£248,174
BMV3%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£59,988

Stamp Duty & Legal Fees

£13,198

Total Cash In

£73,185

 

 

Cash Out

 

Rent Range

£1,050 - £2,000

Rent Estimate

£1,081

Running Costs/mo

£986

Cashflow/mo

£95

Cashflow/yr

£1,139

ROI

2%

Gross Yield

5%

Local Sold Prices

21 sold prices from £130K to £405K, average is £225K. £2.8K/m² to £7.5K/m², average is £3.6K/m².

PriceDateDistanceAddressBeds 
£260K09/220.25 miFlat 9, Central House, Central Avenue, Telscombe Cliffs, Peacehaven, East Sussex BN10 7LJ2
£203.5K06/210.25 miFlat 2, Greenacres, Central Avenue, Telscombe Cliffs, Peacehaven, East Sussex BN10 7LY2
£235K07/210.26 miFlat 2, Central House, Central Avenue, Telscombe Cliffs, Peacehaven, East Sussex BN10 7LJ2
£214K06/210.26 miFlat 9, Central House, Central Avenue, Telscombe Cliffs, Peacehaven, East Sussex BN10 7LJ2
£270K07/230.26 miFlat 2, Central House, Central Avenue, Telscombe Cliffs, Peacehaven, East Sussex BN10 7LJ2
£224K11/210.26 miFlat 5, Central House, Central Avenue, Telscombe Cliffs, Peacehaven, East Sussex BN10 7LJ2
£300K11/220.31 mi2, Tuscan Court, Telscombe Cliffs, Peacehaven, East Sussex BN10 7HF2
£186K11/210.49 mi97a, Roderick Avenue, Peacehaven, East Sussex BN10 8BN2
£230K05/230.5 mi111d, Central Avenue, Telscombe Cliffs, Peacehaven, East Sussex BN10 7NE2
£217.9K05/230.77 mi56, Roundhouse Crescent, Peacehaven, East Sussex BN10 8GL2
£217.9K06/230.77 mi41, Roundhouse Crescent, Peacehaven, East Sussex BN10 8GL2
£317K01/210.8 mi29, Piddinghoe Avenue, Peacehaven, East Sussex BN10 8RJ2
£345K05/210.84 mi43, Gladys Avenue, Peacehaven, East Sussex BN10 8RN2
£130K05/210.85 miFlat 3, Duncan House, Collingwood Close, Peacehaven, East Sussex BN10 8BA2
£235K05/211 mi62, Westview Close, Peacehaven, East Sussex BN10 8GA2
£255K08/211.07 miFlat 7, Reba Court, Tye Close, Saltdean, Brighton, East Sussex BN2 8DY2
£225K04/211.09 mi41, Friars Avenue, Peacehaven, East Sussex BN10 8SB2
£145K11/211.31 miFlat 42, Homeridge House, Longridge Avenue, Saltdean, Brighton, East Sussex BN2 8RQ2
£169K10/211.32 miFlat 2, Homeridge House, Longridge Avenue, Saltdean, Brighton, East Sussex BN2 8RQ2
£405K11/211.63 mi50, Westfield Avenue South, Saltdean, Brighton, Brighton And Hove BN2 8HT2
£215K09/211.67 mi122a, Lustrells Vale, Saltdean, Brighton, Brighton And Hove BN2 8FB2

Local Rents

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

RentDateDistanceAddressBeds 
£1,10012/240.23 mi-2
£1,30012/240.36 miSussex Way, Telscombe Cliffs, BN10 7EX2
£1,10012/240.39 miThe Esplanade, Peacehaven, BN10 7EY2
£1,20012/240.65 miSouth Coast Road, Peacehaven, BN10 7BE2
£1,30003/230.65 mi-2
£1,45012/240.69 miSouth Coast Road, Peacehaven2
£1,35012/240.73 miKeymer Avenue, Peacehaven, BN10 8EX2
£1,40012/240.73 mi-2
£1,40001/250.73 mi-2
£1,39502/250.75 mi-2
£1,20012/240.75 miFoxhill, Peacehaven2
£1,30003/250.78 mi-2
£1,45012/240.82 miTrafalgar Close, Peacehaven, BN102
£1,90203/250.95 mi-2
£1,05012/241.01 miSouth Coast Road, Peacehaven2
£1,35012/241.01 mi-2
£1,20012/241.02 miWestview Close, Peacehaven2
£1,30002/251.05 mi-2
£2,00007/231.05 mi-2
£1,70007/241.05 mi-2
£1,70003/251.05 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

0.51 miles away

Nearest school

0.30 miles away

Nearest train station

2.76 miles away

 

 

Rental growth (12m)

+12%

Sales demand

Seller's market

Capital growth (5yrs)

+20%

Property History

Price changed to £239,950

February 20, 2025

Listed for £249,950

January 23, 2025

Floor Plans

Description

  • West facing lounge/dining room +
  • Good size kitchen +
  • Communal gardens and a garage +

The property offers a bright and airy living space with it west facing lounge/dining room that enjoys views across Peace Park towards the English Channel, a good size kitchen, two bedrooms, spacious entrance hall with a large storage cupboard and a bathroom/wc that is fitted with a modern white suit. Benefits include: gas central heating, double glazing, communal gardens and a garage. The accommodation with approximate room measurements comprises: ENTRANCE HALL WEST FACING LOUNGE/DINING ROOM 19’8” x 13’10” max (5.99m x 4.21m) KITCHEN 10’10” x 8’1” (3.30m x 2.46m) BEDROOM 1 10’10” x 9’10” (3.30m x 2.99m) BEDROOM 2 8’11” x 7’8” (2.71m x 2.33m) BATHROOM/WC 6’8” x 6’2” (2.03m x 1.87m) OUTSIDE COMMUNAL GARDENS GARAGE Council tax band: B These particulars are prepared diligently and all reasonable steps are taken to ensure their accuracy. Neither the company or a seller will however be under any liability to any purchaser or prospective purchaser in respect of them. The description, Dimensions and all other information is believed to be correct, but their accuracy is no way guaranteed. The services have not been tested. Any floor plans shown are for identification purposes only and are not to scale Directors: Paul Carruthers Stephen Luck

EPC Rating: D

Agent Details

Carruthers & Luck, Peacehaven

01273 109836

Next Steps?

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