2 Bed Flat, Single Let, Peacehaven, BN10 7EP, £249,950

1 Norleen Court, 348 South Coast Road, Telscombe Cliffs, BN10 7EP - 3 months ago

Leasehold
BTL
ROI: 1%
~63 m²
+2 photos

ValuationOvervalued

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

 

 

Square Metres

~62.50 m²
Price/m²£4K/m²

Value Estimate

£227,730

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£62,488

Stamp Duty & Legal Fees

£16,197

Total Cash In

£78,684

 

 

Cash Out

 

Rent Range

£1,050 - £2,200

Rent Estimate

£1,094

Running Costs/mo

£1,020

Cashflow/mo

£74

Cashflow/yr

£889

ROI

1%

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 
£260K09/220.04 miFlat 9, Central House, Central Avenue, Telscombe Cliffs, Peacehaven, East Sussex BN10 7LJ2
£235K07/210.04 miFlat 2, Central House, Central Avenue, Telscombe Cliffs, Peacehaven, East Sussex BN10 7LJ2
£214K06/210.04 miFlat 9, Central House, Central Avenue, Telscombe Cliffs, Peacehaven, East Sussex BN10 7LJ2
£270K07/230.04 miFlat 2, Central House, Central Avenue, Telscombe Cliffs, Peacehaven, East Sussex BN10 7LJ2
£224K11/210.04 miFlat 5, Central House, Central Avenue, Telscombe Cliffs, Peacehaven, East Sussex BN10 7LJ2
£203.5K06/210.09 miFlat 2, Greenacres, Central Avenue, Telscombe Cliffs, Peacehaven, East Sussex BN10 7LY2
£300K11/220.11 mi2, Tuscan Court, Telscombe Cliffs, Peacehaven, East Sussex BN10 7HF2
£230K05/230.45 mi111d, Central Avenue, Telscombe Cliffs, Peacehaven, East Sussex BN10 7NE2
£186K11/210.64 mi97a, Roderick Avenue, Peacehaven, East Sussex BN10 8BN2
£255K08/210.86 miFlat 7, Reba Court, Tye Close, Saltdean, Brighton, East Sussex BN2 8DY2
£130K05/210.97 miFlat 3, Duncan House, Collingwood Close, Peacehaven, East Sussex BN10 8BA2
£217.9K05/230.98 mi56, Roundhouse Crescent, Peacehaven, East Sussex BN10 8GL2
£217.9K06/230.98 mi41, Roundhouse Crescent, Peacehaven, East Sussex BN10 8GL2
£317K01/211.01 mi29, Piddinghoe Avenue, Peacehaven, East Sussex BN10 8RJ2
£345K05/211.06 mi43, Gladys Avenue, Peacehaven, East Sussex BN10 8RN2
£145K11/211.1 miFlat 42, Homeridge House, Longridge Avenue, Saltdean, Brighton, East Sussex BN2 8RQ2
£169K10/211.11 miFlat 2, Homeridge House, Longridge Avenue, Saltdean, Brighton, East Sussex BN2 8RQ2
£235K05/211.21 mi62, Westview Close, Peacehaven, East Sussex BN10 8GA2
£225K04/211.31 mi41, Friars Avenue, Peacehaven, East Sussex BN10 8SB2
£405K11/211.46 mi50, Westfield Avenue South, Saltdean, Brighton, Brighton And Hove BN2 8HT2
£215K09/211.47 mi122a, Lustrells Vale, Saltdean, Brighton, Brighton And Hove BN2 8FB2

Local Rents

34 rents from £1.1K/mo to £2.2K/mo, average is £1.4K/mo.

RentDateDistanceAddressBeds 
£1,30012/240.15 miSussex Way, Telscombe Cliffs, BN10 7EX2
£1,10012/240.19 miThe Esplanade, Peacehaven, BN10 7EY2
£1,20012/240.43 miSouth Coast Road, Peacehaven, BN10 7BE2
£1,10012/240.44 mi-2
£1,30003/230.71 mi-2
£1,90203/250.77 mi-2
£1,30002/250.8 mi-2
£1,20012/240.82 miFoxhill, Peacehaven2
£1,35012/240.87 miOaklands Avenue, Saltdean2
£2,00007/230.9 mi-2
£1,70007/240.9 mi-2
£1,70004/250.9 mi-2
£1,45012/240.91 miSouth Coast Road, Peacehaven2
£1,35012/240.93 miKeymer Avenue, Peacehaven, BN10 8EX2
£1,45012/240.93 miTrafalgar Close, Peacehaven, BN102
£1,40012/240.95 mi-2
£1,40001/250.95 mi-2
£1,39502/250.96 mi-2
£1,40012/241.13 mi-2
£1,50012/241.15 miIonian Heights, Suez Way2
£1,50008/231.16 mi-2
£1,55002/251.16 mi-2
£1,50008/231.16 mi-2
£2,20008/231.16 mi-2
£1,50009/231.16 mi-2
£1,50005/241.16 mi-2
£1,25012/241.16 miLongridge Avenue, Saltdean, BN2 8LG2
£1,50012/241.19 miIonian Heights, Saltdean, BN2 8BQ2
£1,25012/241.19 miSuez Way, Saltdean, Brighton, BN2 8BQ2
£1,40012/241.19 miIonian Heights, Suez Way2
£1,35012/241.22 mi-2
£1,05012/241.23 miSouth Coast Road, Peacehaven2
£1,20012/241.23 miWestview Close, Peacehaven2
£1,30002/251.24 mi-2

Local Area Statistics

Population in BN10

18,563

Population in Peacehaven

18,566

Town centre distance

0.64 miles away

Nearest school

0.30 miles away

Nearest train station

2.96 miles away

 

 

Rental growth (12m)

+12%

Sales demand

Seller's market

Capital growth (5yrs)

+20%

Property History

Price changed to £249,950

March 16, 2025

Price changed to £259,500

February 4, 2025

Listed for £267,500

January 23, 2025

Floor Plans

Description

  • DOUBLE GLAZING +
  • GAS FIRED CENTRAL HEATING +
  • COMMUNAL GARDENS +

THE PROPERTY HAS BEEN BUILT TO A VERY HIGH STANDARD AND INCLUDES DOUBLE GLAZING THROUGHOUT GAS FIRED CENTRAL HEATING GENEROUS TWO BEDROOM ACCOMMODATION. INTERNAL VIEWING HIGHLY RECOMMENDED. UPVC FRONT DOOR TO SPACIOUS ENTRANCE HALL Double cloaks cupboard, radiator, power points, entryphone. LOUNGE 4.4m x 3.6m 13’4” x 9’Fire surround radiator power points, wooden laminate flooring, windows overlooking front. KITCHEN 3.6m x 3.6m 9’9” x 6’4” Extensive laminate work surfaces with Inset white enamel sink, and ample cupboards and drawers below, integrated dishwasher and washing machine built in oven and hob with extractor hood over, ample power points, excellent range of eye level cupboards, part fully tiled walls, , window overlooking front. BEDROOM 1 3.2m x 2.9m 13’10”’ x 9’9” Plus wardrobe recess, built in double wardrobes, radiator, power points ,window overlooking side. BEDOOM 2 3.2m x 2.9m 12’11” x 8’10” Radiator power points, window overlooking side SPACIOUS BATH/SHOWER ROOM White suite comprising panelled bath, pedestal wash basin, fully tiled shower cubicle, concealed WC, heated towel rail, fully tiled walls. OUTSIDE Communal bike store Communal gardens EPC C COUNCIL TAX BAND B Lease 199 years from 2006. Basic maintenance. £372.54 per half year. Ground Rent £100 pa Carruthers & Luck Estate Agents cannot guarantee the accuracy of these details as we have been asked to act on a sub-agent basis. 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: C

Agent Details

Carruthers & Luck, Peacehaven

01273 109836

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