3 Bed Bungalow, Planning Permission, Polegate, BN26 5DN, £495,000

Willow Dr, Polegate, East Sussex, BN26 5DN - 3 months ago

Planning
~93 m²
+28 photos

ValuationOvervalued

Sold Prices£200K - £540K
Sold Prices/m²£1.8K/m² - £7.5K/m²

 

 

Square Metres

~93 m²
Price/m²£5.3K/m²

Value Estimate

£339,335

 

 

End Value (After Refurb)

£417,475

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£123,750

Stamp Duty & Legal Fees

£38,200

Refurb Costs

£44,000

Bridging Loan Interest

£12,994

Total Cash In

£220,694

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£417,475

Mortgage (After Refinance)

£313,106

Mortgage LTV

75%

Cash Left In

£220,694

Equity

£104,369

Rent Range

£750 - £3,200

Rent Estimate

£1,403

Running Costs/mo

£1,605

Cashflow/mo

£-202

Cashflow/yr

£-2,427

Gross Yield

3%

Local Sold Prices

50 sold prices from £200K to £540K, average is £335K. £1.8K/m² to £7.5K/m², average is £3.6K/m².

PriceDateDistanceAddressBeds 
£200K10/230.02 mi8, Willow Drive, Polegate, East Sussex BN26 5DN3
£477.5K01/240.07 mi8, Clement Lane, Polegate, East Sussex BN26 5DR3
£380K11/210.09 mi8, Clement Lane, Polegate, East Sussex BN26 5DR3
£365K04/230.09 mi98, Eastbourne Road, Polegate, East Sussex BN26 5DF3
£300K05/210.12 mi1, Park Croft, Polegate, East Sussex BN26 5JT3
£365K11/220.14 mi71, St Johns Road, Polegate, East Sussex BN26 5BT3
£335K06/210.16 mi6, Bernhard Gardens, Polegate, East Sussex BN26 5JN3
£290K03/210.18 mi22, The Thatchings, Polegate, East Sussex BN26 5DT3
£307K04/210.18 mi8, The Thatchings, Polegate, East Sussex BN26 5DT3
£315.5K10/230.18 mi9, The Thatchings, Polegate, East Sussex BN26 5DT3
£320K11/210.18 mi20, Bernhard Gardens, Polegate, East Sussex BN26 5JN3
£390K09/210.18 mi30, Bernhard Gardens, Polegate, East Sussex BN26 5JN3
£250K12/200.19 mi42, Southfield, Polegate, East Sussex BN26 5LX3
£290K03/210.19 mi22, The Thatchings, Polegate, East Sussex BN26 5DT3
£415K06/230.2 mi18a, St Johns Road, Polegate, East Sussex BN26 5BP3
£335K08/220.2 mi53, Barons Way, Polegate, East Sussex BN26 5JJ3
£278K05/240.2 mi56, Barons Way, Polegate, East Sussex BN26 5JJ3
£269K02/230.2 mi135, Southfield, Polegate, East Sussex BN26 5LZ3
£225K02/210.2 mi98, Southfield, Polegate, East Sussex BN26 5LZ3
£330K10/220.21 mi21, Bernhard Gardens, Polegate, East Sussex BN26 5JN3
£320K04/210.22 mi11, Windmill Road, Polegate, East Sussex BN26 5BG3
£440K06/230.23 mi42, Brightling Road, Polegate, East Sussex BN26 5AU3
£315K03/240.23 mi12, Grosvenor Close, Polegate, East Sussex BN26 5LS3
£276K05/210.24 mi16, Northfield, Polegate, East Sussex BN26 5EE3
£365K02/230.24 mi44, Northfield, Polegate, East Sussex BN26 5EE3
£312.5K12/230.24 mi14, Walnut Walk, Polegate, East Sussex BN26 5AJ3
£450K10/220.24 mi11, St Johns Road, Polegate, East Sussex BN26 5BN3
£360K08/240.25 mi11, Walnut Walk, Polegate, East Sussex BN26 5AD3
£335K07/240.25 mi1, Southfield, Polegate, East Sussex BN26 5LU3
£428K07/230.26 mi6, Broad Road, Eastbourne, East Sussex BN20 9QS3
£390K05/210.27 mi19, Reynoldstown Lane, Polegate, East Sussex BN26 5HJ3
£316K01/230.27 mi37, Farmlands Way, Polegate, East Sussex BN26 5LR3
£300K11/200.27 mi46, Farmlands Way, Polegate, East Sussex BN26 5LR3
£380K06/210.27 mi18, Farmlands Close, Polegate, East Sussex BN26 5LH3
£394.5K10/230.27 mi36, Barons Way, Polegate, East Sussex BN26 5JL3
£305K09/230.28 mi15, Chestnut Drive, Polegate, East Sussex BN26 5AL3
£285K01/240.28 mi4, Chestnut Drive, Polegate, East Sussex BN26 5AL3
£340K04/230.29 mi3, Burnside, Polegate, East Sussex BN26 5AW3
£445K01/230.3 mi57, Broad Road, Eastbourne, East Sussex BN20 9QT3
£437.5K02/210.31 mi36, Spurway Park, Polegate, East Sussex BN26 5DQ3
£439.9K11/200.31 mi13, Spurway Park, Polegate, East Sussex BN26 5DQ3
£520K09/220.31 mi36, Spurway Park, Polegate, East Sussex BN26 5DQ3
£540K03/230.31 mi35, Spurway Park, Polegate, East Sussex BN26 5DQ3
£337.5K12/210.32 mi32, Chestnut Drive, Polegate, East Sussex BN26 5AN3
£447K01/240.32 mi101, Brightling Road, Polegate, East Sussex BN26 5AX3
£310K12/200.33 mi9, Brown Jack Avenue, Polegate, East Sussex BN26 5HN3
£335K12/200.35 mi159, Eastbourne Road, Willingdon, Eastbourne, East Sussex BN20 9NB3
£350K07/210.35 mi79, Broad Road, Eastbourne, East Sussex BN20 9QX3
£325K02/210.36 mi23, Mill Stream Gardens, Polegate, East Sussex BN26 5PU3
£263K03/210.36 mi13, Manor Way, Polegate, East Sussex BN26 5AT3

Local Rents

51 rents from £750/mo to £3.2K/mo, average is £1.3K/mo.

RentDateDistanceAddressBeds 
£1,95012/240.18 miChurch Road, Polegate, BN264
£1,95003/240.18 mi-4
£1,95003/240.18 mi-4
£1,53012/240.21 mi-2
£1,20009/240.22 mi-2
£1,20012/240.25 miFarmlands Close, Polegate, East Sussex, BN262
£1,20003/250.32 mi-2
£77512/240.33 miBlack Path, Polegate1
£1,40012/240.39 mi-2
£1,35003/250.43 mi-2
£1,30012/240.46 mi-2
£1,10012/240.46 miPorters Way, Polegate2
£3,20008/230.51 mi-5
£1,39512/240.54 miWestfield Close, Polegate, East Sussex2
£1,20012/240.54 miVictoria Road, Polegate2
£1,30003/250.57 mi-2
£2,11003/250.57 mi-4
£1,25012/240.57 mi-2
£2,05012/230.58 mi-4
£1,20009/240.58 mi-2
£1,05008/230.6 mi-2
£1,30012/240.61 miEastern Avenue, Polegate2
£1,10003/240.61 miWillingdon court2
£1,40006/240.62 mi-3
£1,19502/250.64 mi-2
£97501/250.65 mi-2
£1,45003/240.67 miWannock Lane, Eastbourne3
£1,40010/230.67 mi-3
£1,30005/240.75 miHawksbridge Close, EASTBOURNE2
£1,95011/240.8 mi-4
£1,40004/240.83 miSwinburne Avenue, Eastbourne3
£1,25003/240.85 miSeven Sisters Road, Eastbourne, East Sussex, BN222
£1,30012/230.86 mi-2
£1,50007/230.89 mi-3
£2,35003/240.93 miEastbourne Road, Willingdon, BN205
£1,30004/240.94 miSt. Marys Close, Eastbourne2
£1,12512/240.95 miKensington Way, Polegate, East Sussex, BN262
£1,20003/240.98 miThe Lawns, St. Marys Close, Willingdon, Eastbourne2
£1,90004/241.01 miConiston Avenue3
£1,75002/241.12 mi-3
£1,35004/241.16 miWillingdon Trees - Let Agreed3
£85003/241.28 miChurch Street, Eastbourne, East Sussex, BN221
£1,25003/241.28 miChurch Street2
£1,37503/241.32 miPinewood Close, Eastbourne, East Sussex, BN223
£1,30003/241.34 miCroxden Way, EASTBOURNE3
£1,40003/241.36 miCroxden Way, Hampden Park 3
£75003/241.43 miHolly Place, Eastbourne, East Sussex, BN221
£1,10004/251.46 mi-3
£1,85004/251.52 mi-3
£1,40003/241.6 miHenfield Road, Eastbourne2
£90003/241.63 miArgyll Court, Hampden Park1

Local Area Statistics

Population in BN26

11,451

Town centre distance

0.48 miles away

Nearest school

0.40 miles away

Nearest train station

0.33 miles away

 

 

Rental growth (12m)

+38%

Sales demand

Balanced market

Capital growth (5yrs)

+19%

Property History

Listed for £495,000

January 23, 2025

Floor Plans

Description

  • 2 Bathrooms +
  • Garage +
  • Impeccably Presented +
  • Southerly Facing Rear Garden +
  • Approx 24ft Living Kitchen Area +
  • Three Bedrooms +
  • Two Reception Rooms +
  • Out buildings +

3 BEDROOMS | 2 RECEPTION ROOMS | SOUTHERLY FACING REAR GARDEN | GARAGE | 2 BATHROOMS | IMPECCABLY PRESENTED | APPROX. 24FT LIVING/KITCHEN AREA | SOUGHT-AFTER LOCATION | DECEPTIVELY SPACIOUS

Milestone Sales are delighted to present this exceptionally well-appointed and spacious three-bedroom detached bungalow, nestled in the highly sought-after area of Polegate, Eastbourne.

Situated in a peaceful and semi-secluded residential cul-de-sac, the property enjoys an ideal location within close proximity to Polegate High Street, offering a variety of independent shops and convenient access to the train station. Commuters will benefit from excellent transport links, with trains reaching Eastbourne in just 3 minutes, Lewes in 20 minutes, and Brighton in 30 minutes.

The property market in Polegate continues to show strong growth, with sold prices over the past year rising by 9% compared to the previous year and an impressive 13% increase since 2018.

Over the years, this home has been thoughtfully upgraded, featuring a contemporary and stylish finish throughout. The well-proportioned living accommodation includes three generous bedrooms, with the flexibility to convert one into an additional reception room, making it an ideal space for growing families or those seeking versatile living arrangements.

For those looking to expand, there is significant potential to further enhance the property. The existing garage offers the possibility of conversion into an additional bedroom, office, or reception area. Furthermore, planning permission has been granted to create two additional rooms in the roof with a dormer at the rear and to replace the garage with hardstanding. (Planning Application Number: WD/2023/1494/F).

This impeccably presented bungalow offers an outstanding opportunity to acquire a spacious and modern home in a prime location.

For further details or to arrange a viewing, please contact Milestone Sales today.

Tenure: Freehold

Agent Details

Milestone Group, Eastbourne

01323 403369

Next Steps?

This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪

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