2 Bed Flat, Single Let, Peacehaven, BN10 7ES, £240,000

Palm Court, South Coast Road, Telscombe Cliffs, BN10 7ES - 1 views - 2 months ago

Sold STC
BTL
ROI: 2%
~68 m²
+11 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%)

£60,000

Stamp Duty & Legal Fees

£8,400

Total Cash In

£68,400

 

 

Cash Out

 

Rent Range

£1,100 - £2,200

Rent Estimate

£1,100

Running Costs/mo

£990

Cashflow/mo

£110

Cashflow/yr

£1,320

ROI

2%

Gross Yield

6%

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 
£235K07/210.03 miFlat 2, Central House, Central Avenue, Telscombe Cliffs, Peacehaven, East Sussex BN10 7LJ2
£214K06/210.03 miFlat 9, Central House, Central Avenue, Telscombe Cliffs, Peacehaven, East Sussex BN10 7LJ2
£270K07/230.03 miFlat 2, Central House, Central Avenue, Telscombe Cliffs, Peacehaven, East Sussex BN10 7LJ2
£224K11/210.03 miFlat 5, Central House, Central Avenue, Telscombe Cliffs, Peacehaven, East Sussex BN10 7LJ2
£260K09/220.04 miFlat 9, Central House, Central Avenue, Telscombe Cliffs, Peacehaven, East Sussex BN10 7LJ2
£300K11/220.05 mi2, Tuscan Court, Telscombe Cliffs, Peacehaven, East Sussex BN10 7HF2
£203.5K06/210.11 miFlat 2, Greenacres, Central Avenue, Telscombe Cliffs, Peacehaven, East Sussex BN10 7LY2
£230K05/230.48 mi111d, Central Avenue, Telscombe Cliffs, Peacehaven, East Sussex BN10 7NE2
£186K11/210.71 mi97a, Roderick Avenue, Peacehaven, East Sussex BN10 8BN2
£255K08/210.79 miFlat 7, Reba Court, Tye Close, Saltdean, Brighton, East Sussex BN2 8DY2
£145K11/211.03 miFlat 42, Homeridge House, Longridge Avenue, Saltdean, Brighton, East Sussex BN2 8RQ2
£130K05/211.04 miFlat 3, Duncan House, Collingwood Close, Peacehaven, East Sussex BN10 8BA2
£169K10/211.04 miFlat 2, Homeridge House, Longridge Avenue, Saltdean, Brighton, East Sussex BN2 8RQ2
£217.9K05/231.06 mi56, Roundhouse Crescent, Peacehaven, East Sussex BN10 8GL2
£217.9K06/231.06 mi41, Roundhouse Crescent, Peacehaven, East Sussex BN10 8GL2
£317K01/211.09 mi29, Piddinghoe Avenue, Peacehaven, East Sussex BN10 8RJ2
£345K05/211.13 mi43, Gladys Avenue, Peacehaven, East Sussex BN10 8RN2
£235K05/211.29 mi62, Westview Close, Peacehaven, East Sussex BN10 8GA2
£225K04/211.38 mi41, Friars Avenue, Peacehaven, East Sussex BN10 8SB2
£215K09/211.41 mi122a, Lustrells Vale, Saltdean, Brighton, Brighton And Hove BN2 8FB2
£405K11/211.42 mi50, Westfield Avenue South, Saltdean, Brighton, Brighton And Hove BN2 8HT2

Local Rents

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

RentDateDistanceAddressBeds 
£1,30012/240.08 miSussex Way, Telscombe Cliffs, BN10 7EX2
£1,10012/240.11 miThe Esplanade, Peacehaven, BN10 7EY2
£1,20012/240.36 miSouth Coast Road, Peacehaven, BN10 7BE2
£1,10012/240.51 mi-2
£1,90203/250.72 mi-2
£1,30003/230.76 mi-2
£1,35012/240.82 miOaklands Avenue, Saltdean2
£1,30003/250.83 mi-2
£2,00007/230.87 mi-2
£1,70007/240.87 mi-2
£1,70003/250.87 mi-2
£1,20012/240.87 miFoxhill, Peacehaven2
£1,45012/240.98 miSouth Coast Road, Peacehaven2
£1,45012/240.99 miTrafalgar Close, Peacehaven, BN102
£1,35012/241.01 miKeymer Avenue, Peacehaven, BN10 8EX2
£1,40012/241.02 mi-2
£1,40001/251.02 mi-2
£1,39502/251.04 mi-2
£1,40012/241.08 mi-2
£1,50012/241.09 miIonian Heights, Suez Way2
£1,50008/231.09 mi-2
£1,55002/251.09 mi-2
£1,50008/231.09 mi-2
£1,25012/241.09 miLongridge Avenue, Saltdean, BN2 8LG2
£2,20008/231.09 mi-2
£1,50009/231.09 mi-2
£1,50006/241.09 mi-2
£1,50012/241.13 miIonian Heights, Saltdean, BN2 8BQ2
£1,25012/241.13 miSuez Way, Saltdean, Brighton, BN2 8BQ2
£1,40012/241.13 miIonian Heights, Suez Way2

Local Area Statistics

Population in BN10

18,563

Population in Peacehaven

18,566

Town centre distance

0.71 miles away

Nearest school

0.40 miles away

Nearest train station

3.04 miles away

 

 

Rental growth (12m)

+12%

Sales demand

Seller's market

Capital growth (5yrs)

+20%

Property History

Listed for £240,000

February 4, 2025

Floor Plans

Description

  • Spacious First Floor Apartment +
  • Large Lounge/Diner +
  • Rear Balcony with Views +
  • Two Double Bedrooms +
  • Good Decorative Order +
  • Allocated Parking Space +
  • Lease 963 years with a Share of Freehold +

This is a great opportunity to acquire this spacious first-floor apartment, which is situated in Telscombe Cliffs which offers a delightful living experience and is being sold with a SHARE OF THE FREEHOLD.

As you enter, you are welcomed into a large hallway, here you will find two large storage cupboards plus another storage cupboard which has plumbing and space for washing machine. There is a large open-plan lounge and dining room, creating an inviting space for both entertaining guests and enjoying quiet evenings at home. The room is bathed in natural light, thanks to the patio doors that lead out onto a private balcony. From here, you can relish the distant views over the picturesque farmland, providing a serene backdrop to your daily life.
The two double bedrooms are well presented with the main bedroom having a full length window to make the most of the views to the rear.

The apartment also includes a well-appointed bathroom, ensuring convenience for residents and guests alike. Additionally, the property benefits from an allocated parking space, a valuable asset in this desirable location.

This home is ideal for those seeking a blend of comfort and style, with the added advantage of being close to local amenities and the stunning coastal scenery that Peacehaven has to offer. Whether you are a first-time buyer or looking to downsize, this property presents an excellent opportunity to enjoy a relaxed lifestyle in a beautiful setting.

Communal Hallway -

Stairs Rise To First Floor -

Apartment Entrance Hallway - 3.31 x .089 (10'10" x .291'11") -

Lounge/Dining Room - 5.14 x 3.47 (16'10" x 11'4") -

Kitchen - 3.04 x 3.05 (9'11" x 10'0") -

Bathroom - 1.55 x 2.25 (5'1" x 7'4") -

Bedroom One - 4.01 x 3.22 (13'1" x 10'6") -

Bedroom Two - 2.45 x 3.15 (8'0" x 10'4") -

Allocated Parking Space -

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 💪