2 Bed Terraced House, Single Let, Polegate, BN26 5EP, £220,000

High Street, Polegate, BN26 5EP - 1 views - 3 months ago

BTL
ROI: 4%
~70 m²
+11 photos

ValuationUndervalued

Sold Prices£240K - £425K
Sold Prices/m²£3K/m² - £8.5K/m²

 

 

Square Metres

~69.70 m²
Price/m²£3.2K/m²

Value Estimate

£270,600
BMV23%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£55,000

Stamp Duty & Legal Fees

£14,100

Total Cash In

£69,100

 

 

Cash Out

 

Rent Range

£975 - £1,530

Rent Estimate

£1,175

Running Costs/mo

£943

Cashflow/mo

£233

Cashflow/yr

£2,790

ROI

4%

Gross Yield

6%

Local Sold Prices

50 sold prices from £240K to £425K, average is £310K. £3K/m² to £8.5K/m², average is £5K/m².

PriceDateDistanceAddressBeds 
£347K02/210.09 mi21, Church Road, Polegate, East Sussex BN26 5BU2
£425K05/230.13 mi13, Old Drive, Polegate, East Sussex BN26 5ET2
£369K04/240.13 mi24, Old Drive, Polegate, East Sussex BN26 5ET2
£360K10/230.13 mi34, Old Drive, Polegate, East Sussex BN26 5ET2
£325K04/230.13 mi3, Gosford Way, Polegate, East Sussex BN26 6DS2
£325K03/210.13 mi7, Gosford Way, Polegate, East Sussex BN26 6DS2
£330K05/210.13 mi2, Gosford Way, Polegate, East Sussex BN26 6DS2
£310K03/210.13 mi21, Walnut Walk, Polegate, East Sussex BN26 5AJ2
£322.5K05/210.13 mi26, St Johns Road, Polegate, East Sussex BN26 5BT2
£382K08/230.13 mi30, St Johns Road, Polegate, East Sussex BN26 5BT2
£315K02/230.13 mi102, Eastbourne Road, Polegate, East Sussex BN26 5DF2
£240K06/210.16 mi41, Brook Street, Polegate, East Sussex BN26 6BH2
£242.5K02/210.19 mi25, Gosford Way, Polegate, East Sussex BN26 6DR2
£300K11/220.22 mi26, Chestnut Drive, Polegate, East Sussex BN26 5AN2
£275K11/200.22 mi34, Barons Way, Polegate, East Sussex BN26 5JL2
£340K10/220.22 mi50, Gosford Way, Polegate, East Sussex BN26 6DP2
£290K07/230.22 mi40, Windmill Road, Polegate, East Sussex BN26 5BG2
£305K06/240.22 mi9, Windmill Road, Polegate, East Sussex BN26 5BG2
£297.5K06/230.22 mi2, Brightling Road, Polegate, East Sussex BN26 5DB2
£360K08/230.22 mi21, Brightling Road, Polegate, East Sussex BN26 5DB2
£335K05/240.22 mi14, Brightling Road, Polegate, East Sussex BN26 5DB2
£310K12/230.23 mi40, Barons Way, Polegate, East Sussex BN26 5JJ2
£240K07/210.24 mi4, Diplock Close, Polegate, East Sussex BN26 6DN2
£253K06/230.24 mi26, Station Road, Polegate, East Sussex BN26 6BE2
£287.5K12/220.24 mi20, Station Road, Polegate, East Sussex BN26 6BE2
£299K12/220.24 mi7, Diplock Close, Polegate, East Sussex BN26 6DN2
£265K11/200.25 mi34, Albert Road, Polegate, East Sussex BN26 6BS2
£300K11/220.25 mi30, Albert Road, Polegate, East Sussex BN26 6BS2
£280K06/220.25 mi56, Victoria Road, Polegate, East Sussex BN26 6DA2
£262K03/230.25 mi50, Victoria Road, Polegate, East Sussex BN26 6DA2
£355K01/230.26 mi29, Brightling Road, Polegate, East Sussex BN26 5DB2
£275K04/210.27 mi35, Barons Way, Polegate, East Sussex BN26 5JL2
£337K06/230.27 mi29, Barons Way, Polegate, East Sussex BN26 5JL2
£320K09/230.27 mi19, Barons Way, Polegate, East Sussex BN26 5JL2
£280K04/240.27 mi14, Barons Way, Polegate, East Sussex BN26 5JL2
£285K02/240.27 mi31, Station Road, Polegate, East Sussex BN26 6AY2
£322.5K08/230.29 mi53, Windmill Road, Polegate, East Sussex BN26 5BQ2
£311K05/230.29 mi63, Windmill Road, Polegate, East Sussex BN26 5BQ2
£265K02/210.29 mi10, Victoria Close, Polegate, East Sussex BN26 6BZ2
£420K03/230.3 mi1, Clement Lane, Polegate, East Sussex BN26 5DR2
£419.9K12/220.3 mi3, Courtland Road, Polegate, East Sussex BN26 5BE2
£255K11/230.31 mi63, Station Road, Polegate, East Sussex BN26 6EA2
£260K03/240.31 mi4, Victoria Close, Polegate, East Sussex BN26 6BZ2
£305K06/240.31 mi11, Victoria Close, Polegate, East Sussex BN26 6BZ2
£290K09/230.31 mi67, Brightling Road, Polegate, East Sussex BN26 5AX2
£315K05/210.31 mi81, Brightling Road, Polegate, East Sussex BN26 5AX2
£325K05/210.31 mi69, Brightling Road, Polegate, East Sussex BN26 5AX2
£308K02/210.31 mi99, Brightling Road, Polegate, East Sussex BN26 5AX2
£315K02/210.31 mi95, Brightling Road, Polegate, East Sussex BN26 5AX2
£380K09/230.31 mi78, Brightling Road, Polegate, East Sussex BN26 5AX2

Local Rents

15 rents from £975/mo to £1.5K/mo, average is £1.3K/mo.

RentDateDistanceAddressBeds 
£1,20009/240.12 mi-2
£1,35003/250.21 mi-2
£1,30012/240.24 mi-2
£1,20003/250.29 mi-2
£1,20012/240.31 miVictoria Road, Polegate2
£1,39512/240.34 miWestfield Close, Polegate, East Sussex2
£1,10012/240.35 miPorters Way, Polegate2
£1,20009/240.36 mi-2
£97501/250.42 mi-2
£1,30003/250.43 mi-2
£1,53012/240.44 mi-2
£1,25012/240.44 mi-2
£1,30012/240.46 miEastern Avenue, Polegate2
£1,20012/240.48 miFarmlands Close, Polegate, East Sussex, BN262
£1,40012/240.56 mi-2

Local Area Statistics

Population in BN26

11,451

Town centre distance

0.31 miles away

Nearest school

0.40 miles away

Nearest train station

0.15 miles away

 

 

Rental growth (12m)

+38%

Sales demand

Balanced market

Capital growth (5yrs)

+19%

Property History

Listed for £220,000

January 26, 2025

Floor Plans

Description

  • CHAIN FREE +
  • GARDEN +
  • 2 BEDROOMS +
  • ARRANGED OVER 3 FLOORS +
  • NEW KITCHEN +
  • GREAT LOCATION +
  • DOUBLE GLAZED +
  • CLOSE TO SHOPS +
  • ELECTRIC HEATING +
  • CLOSE TO POLEGATE STATION +

Home + Castle are pleased to advertise this charming 2 Bedroom mid-terrace cottage in ideal location, being within walking distance of Polegate station and the wide variety of shops and amenities available on the High Street.

Dimensions - Dimensions supplied are approximate and to be used for guidance purposes only. They do not form part of any contract. Kitchen appliances shown on the floor plan are purely for illustration purposes and only included if integrated, built-in or specifically stated. No systems or appliances have been tested.

Front Of Property - Small garden area with mature hedge. Path to front door.

Living Room - 4.22m x 3.84m (13'10" x 12'7") - Open fire place, power points, pendant light, BT point, wall mounted Rointe Kyros Low Consumption electric heater and double glazed window to front of property.

Kitchen Diner - 4.06m x 2.95m (13'4" x 9'8") - Newly fitted kitchen with wall and base units, drawers, stainless steel sink, Beko freestanding electric cooker, spaces for tall fridge freezer and washing machine. Breakfast bar and space for small table. Double glazed window and half-glazed uPVC door to rear garden. Stairs to 1st floor.

Bedroom 1 - 4.22m x 3.45m (13'10" x 11'4") - Power points, pendant light, wood flooring, Lightening Fibre point and double glazed window to front of property.

1st Floor Landing - Wood flooring, pendant light, double socket, wall mounted Rointe Kyros Low Consumption electric heater and single glazed window to rear of property. Stairs to 2nd floor.

Bathroom - 3.00m x 2.31m (9'10" x 7'7") - Bath with mixer taps, hose attachment and electric Mira Shower. WC, basin, part tiled walls, ceiling light, wall mounted electric Hyco fan heater. Cupboard housing hot water cylinder. Opaque double glazed window to rear of property.

Bedroom 2 - 4.24m max x 3.91m max (13'11" max x 12'10" max) - Wood flooring, power points, pendant light, wall mounted Rointe Kyros Low Consumption electric heater, double glazed window to front of property.

Rear Of Property - Good sized garden (requires work) with brick built shed (6' x 6') for storage.

Additional Information - There is a gas supply to the property should a new owner want to convert to Gas Central Heating.
Council Tax Band - B
Energy Performance Rating - E

Agent Details

Home & Castle, Polegate

01323 409725

Next Steps?

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