2 Bed Flat, Single Let, Peacehaven, BN10 8FH, £239,950

Montreal Close, Peacehaven, BN10 8FH - 2 months ago

Leasehold
BTL
ROI: 2%
~68 m²
+4 photos

ValuationFair Value

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

 

 

Square Metres

~68.11 m²
Price/m²£3.5K/m²

Value Estimate

£235,632

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

£975 - £1,650

Rent Estimate

£1,144

Running Costs/mo

£999

Cashflow/mo

£145

Cashflow/yr

£1,744

ROI

2%

Gross Yield

6%

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 
£235K05/210.1 mi62, Westview Close, Peacehaven, East Sussex BN10 8GA2
£225K04/210.2 mi41, Friars Avenue, Peacehaven, East Sussex BN10 8SB2
£345K05/210.28 mi43, Gladys Avenue, Peacehaven, East Sussex BN10 8RN2
£217.9K05/230.31 mi56, Roundhouse Crescent, Peacehaven, East Sussex BN10 8GL2
£217.9K06/230.31 mi41, Roundhouse Crescent, Peacehaven, East Sussex BN10 8GL2
£317K01/210.32 mi29, Piddinghoe Avenue, Peacehaven, East Sussex BN10 8RJ2
£186K11/210.79 mi97a, Roderick Avenue, Peacehaven, East Sussex BN10 8BN2
£130K05/210.8 miFlat 3, Duncan House, Collingwood Close, Peacehaven, East Sussex BN10 8BA2
£229.9K04/221.12 mi7a, Rose Walk Close, Newhaven, East Sussex BN9 9NL2
£218K04/221.12 mi6, Rose Walk Close, Newhaven, East Sussex BN9 9NL2
£200K11/201.14 miFlat 6, St Lukes Court, Church Hill, Newhaven, East Sussex BN9 9HZ2
£217.9K09/231.14 miFlat 5, St Lukes Court, Church Hill, Newhaven, East Sussex BN9 9HZ2
£218K09/211.18 mi19, Rectory Close, Newhaven, East Sussex BN9 9HL2
£185K07/211.19 mi55, Brighton Road, Newhaven, East Sussex BN9 9NG2
£230K05/231.29 mi111d, Central Avenue, Telscombe Cliffs, Peacehaven, East Sussex BN10 7NE2
£200K01/211.3 mi195, Hillcrest Road, Newhaven, East Sussex BN9 9EZ2
£200K01/211.3 mi195, Hillcrest Road, Newhaven, East Sussex BN9 9EZ2
£210K04/211.3 mi203, Hillcrest Road, Newhaven, East Sussex BN9 9EZ2
£215K03/221.3 mi195, Hillcrest Road, Newhaven, East Sussex BN9 9EZ2
£203.5K06/211.31 miFlat 2, Greenacres, Central Avenue, Telscombe Cliffs, Peacehaven, East Sussex BN10 7LY2
£260K09/221.33 miFlat 9, Central House, Central Avenue, Telscombe Cliffs, Peacehaven, East Sussex BN10 7LJ2
£235K07/211.34 miFlat 2, Central House, Central Avenue, Telscombe Cliffs, Peacehaven, East Sussex BN10 7LJ2
£214K06/211.34 miFlat 9, Central House, Central Avenue, Telscombe Cliffs, Peacehaven, East Sussex BN10 7LJ2
£270K07/231.34 miFlat 2, Central House, Central Avenue, Telscombe Cliffs, Peacehaven, East Sussex BN10 7LJ2
£224K11/211.34 miFlat 5, Central House, Central Avenue, Telscombe Cliffs, Peacehaven, East Sussex BN10 7LJ2
£163.5K03/221.35 mi16a, South Way, Newhaven, East Sussex BN9 9LL2
£300K11/221.4 mi2, Tuscan Court, Telscombe Cliffs, Peacehaven, East Sussex BN10 7HF2
£185K05/221.44 miGround Floor Flat, 47, Meeching Road, Newhaven, East Sussex BN9 9RL2
£175K01/221.5 miFlat 1, Bridge Mews, Bridge Street, Newhaven, East Sussex BN9 9PJ2
£191K04/211.91 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 
£1,35012/240.08 mi-2
£1,20012/240.08 miWestview Close, Peacehaven2
£1,30002/250.23 mi-2
£1,40009/240.24 mi-2
£97512/240.27 mi-2
£1,05012/240.29 miSouth Coast Road, Peacehaven2
£1,30012/240.31 mi16 South Coast Road, Peacehaven, BN102
£1,65012/240.32 miSouth Coast Road, Telscombe Cliffs, Peacehaven2
£1,39502/250.33 mi-2
£1,35012/240.37 miKeymer Avenue, Peacehaven, BN10 8EX2
£1,20012/240.39 miSouth Coast Road, BN102
£1,40012/240.41 mi-2
£1,40001/250.41 mi-2
£1,45012/240.44 miSouth Coast Road, Peacehaven2

Local Area Statistics

Population in BN10

18,563

Population in Peacehaven

18,566

Town centre distance

0.84 miles away

Nearest school

0.70 miles away

Nearest train station

1.68 miles away

 

 

Rental growth (12m)

+12%

Sales demand

Seller's market

Capital growth (5yrs)

+20%

Property History

Price changed to £239,950

March 20, 2025

Listed for £245,000

February 1, 2025

Floor Plans

Description

  • Spacious Ground Floor Apartment +
  • Two Double Bedrooms +
  • Master Bedroom with Built In Wardrobes +
  • Large West Facing Living/Dining Room +
  • Good Decorative Order +
  • Allocated Parking Space +
  • NO CHAIN +

*NO CHAIN* This home is both well presented and generous in size which makes it the perfect first purchase or investment. Located on a popular, recently built development, you will find all of the towns attributes all a short distance away.
On entering the communal hall you will see that the common ways are very well maintained, this is a sign of a well run block. The private front door opens into a large entrance hall, here you will find a built in storage cupboards, perfect for your coats and shoes.
The large open plan living space is west facing and as such is a lovely light and bright room. Offering generous proportions it will easily accommodate all of your soft furnishings alongside a table and chairs too.
The thoughtfully planned kitchen has an abundance of modern matching units which are perfect for storage, these are complimented by numerous work surfaces for food preparation and not forgetting all important appliance space.
Two DOUBLE bedrooms are featured. Bedroom one is an excellent size and features a built in wardrobe. Bedroom two is equally impressive in size too. Completing the interior is family bathroom/wc which comprises of a matching white suite and part tiled walls.
Moving outside you will find well kept communal gardens which surround the block alongside a secure, fenced communal rear garden which is the perfect retreat. Lastly, parking will be of no concern as there is an allocated parking space and unrestricted on street parking.

Entrance Hallway -

Living Room - 3.93 x 4.88 (12'10" x 16'0") -

Kitchen - 3.35 x 2.11 (10'11" x 6'11") -

Bathroom - 2.30 x 1.83 (7'6" x 6'0") -

Bedroom One - 4.12 x 4.76 (13'6" x 15'7") -

Bedroom Two - 2.48 x 3.70 (8'1" x 12'1") -

Communal Garden -

Agent Details

Open House Estate Agents, Brighton

01273 109735

Next Steps?

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