2 Bed Flat, Single Let, Polegate, BN26 5AF, £159,950

Walnut Walk, Polegate, BN26 5AF - 1 views - 3 months ago

Sold STC
Leasehold
BTL
ROI: 10%
~90 m²
+7 photos

ValuationUndervalued

Sold Prices£149.9K - £295K
Sold Prices/m²£2.5K/m² - £3.8K/m²

 

 

Square Metres

~90 m²
Price/m²£1.8K/m²

Value Estimate

£195,139
BMV22%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£39,988

Stamp Duty & Legal Fees

£9,897

Total Cash In

£49,884

 

 

Cash Out

 

Rent Range

£975 - £1,530

Rent Estimate

£1,163

Running Costs/mo

£752

Cashflow/mo

£411

Cashflow/yr

£4,927

ROI

10%

Gross Yield

9%

Local Sold Prices

28 sold prices from £149.9K to £295K, average is £184.9K. £2.5K/m² to £3.8K/m², average is £2.9K/m².

PriceDateDistanceAddressBeds 
£183K02/230.06 miFlat 15, Hawthorn Court, Black Path, Polegate, East Sussex BN26 5BB2
£185K12/230.06 miFlat 5, Hawthorn Court, Black Path, Polegate, East Sussex BN26 5BB2
£170.5K10/220.06 miFlat 2, Hawthorn Court, Black Path, Polegate, East Sussex BN26 5BB2
£165K05/220.09 mi8a, Gilda Crescent, Polegate, East Sussex BN26 6AN2
£190K06/230.19 mi47, Brook Street, Polegate, East Sussex BN26 6BH2
£157K04/220.2 miFlat 8, Chiltern Court, Albert Road, Polegate, East Sussex BN26 6BS2
£200K09/230.26 miFlat 6, Chiltern Court, Albert Road, Polegate, East Sussex BN26 6BS2
£268K01/210.31 mi12, Spurway Park, Polegate, East Sussex BN26 5DQ2
£155K02/230.4 miFlat 52, Guardian Court, Brookside Avenue, Polegate, East Sussex BN26 6DW2
£149.9K04/210.4 miFlat 50, Guardian Court, Brookside Avenue, Polegate, East Sussex BN26 6DW2
£159.3K11/220.44 miFlat 4, Guardian Court, Brookside Avenue, Polegate, East Sussex BN26 6DW2
£187K10/220.49 mi3, Lynholm Road, Polegate, East Sussex BN26 6JW2
£155K04/230.49 mi1a, Lynholm Road, Polegate, East Sussex BN26 6JW2
£184.9K12/200.49 mi34, The Millrace, Polegate, East Sussex BN26 5LP2
£184.9K12/200.49 mi34, The Millrace, Polegate, East Sussex BN26 5LP2
£184.9K12/200.49 mi34, The Millrace, Polegate, East Sussex BN26 5LP2
£295K07/210.51 mi7, Croft Close, Polegate, East Sussex BN26 5LE2
£190K05/210.76 mi8, Kensington Way, Polegate, East Sussex BN26 6FJ2
£190K04/210.76 mi88, Kensington Way, Polegate, East Sussex BN26 6FJ2
£183K06/210.76 mi32, Kensington Way, Polegate, East Sussex BN26 6FJ2
£188K09/210.76 mi30, Kensington Way, Polegate, East Sussex BN26 6FJ2
£200K04/220.76 mi104, Kensington Way, Polegate, East Sussex BN26 6FJ2
£235K02/230.84 mi21, Willingdon Court, Willingdon, Eastbourne, East Sussex BN20 9NH2
£178K07/230.84 mi22, Willingdon Court, Willingdon, Eastbourne, East Sussex BN20 9NH2
£175K11/200.84 mi18, Willingdon Court, Willingdon, Eastbourne, East Sussex BN20 9NH2
£182.5K07/230.84 mi14, Willingdon Court, Willingdon, Eastbourne, East Sussex BN20 9NH2
£185K01/210.94 mi44d, Wannock Lane, Eastbourne, East Sussex BN20 9SD2
£205K03/230.97 mi44a, Wannock Lane, Eastbourne, East Sussex BN20 9SD2

Local Rents

14 rents from £975/mo to £1.5K/mo, average is £1.2K/mo.

RentDateDistanceAddressBeds 
£1,20009/240.07 mi-2
£1,30012/240.18 mi-2
£1,20003/250.21 mi-2
£1,10012/240.24 miPorters Way, Polegate2
£1,35003/250.25 mi-2
£1,39512/240.26 miWestfield Close, Polegate, East Sussex2
£1,30003/250.32 mi-2
£1,20012/240.32 miVictoria Road, Polegate2
£1,25012/240.33 mi-2
£1,30012/240.36 miEastern Avenue, Polegate2
£1,20009/240.37 mi-2
£97501/250.41 mi-2
£1,53012/240.49 mi-2
£1,20012/240.52 miFarmlands Close, Polegate, East Sussex, BN262

Local Area Statistics

Population in BN26

11,451

Town centre distance

0.21 miles away

Nearest school

0.30 miles away

Nearest train station

0.05 miles away

 

 

Rental growth (12m)

+38%

Sales demand

Balanced market

Capital growth (5yrs)

+19%

Property History

Listed for £159,950

February 4, 2025

Floor Plans

Description

  • 3D VIRTUAL TOUR +
  • First Floor Flat +
  • Close To High Street +
  • Double Aspect Lounge +
  • Kitchen +
  • 2 Bedrooms +
  • Bathroom +
  • Gas c/h & Dbl glz +
  • Communal Gardens +
  • Long Lease Term +

SEE OUR 360 VIRTUAL TOUR - Close to High Street - Long Lease Term - Lounge - Kitchen - 2 Bedrooms - Bathroom - Gas Central Heating - Double Glazing - Communal Gardens

A 2-bedroomed first floor flat conveniently located within walking distance of the High Street and railway station. The flat provides a double aspect lounge, kitchen to include oven, hob and extractor, entrance hall with storage cupboard and the main bedroom, which enjoys a double aspect overlooking the rear communal gardens, also has a fitted wardrobe. Other features consist of a gas fired central heating system (boiler last serviced 28/11/2024), double glazing, entryphone system and the flat also has a long lease term. NO ONGOING CHAIN.

Rowan Court forms part of a residential development comprising of four other blocks of flats located at the end of Walnut Walk. Polegate High Street is within walking distance having various shops, bus services, medical centres and a mainline railway station. Eastbourne Town Centre is approximately 6 miles and access to the A27 and A22 is nearby.

Communal Entrance with entryphone system, into Communal Entrance Hall. Staircase to the First Floor and private front door -

Entrance Hall - Built-in shelved airing cupboard housing the hot water cylinder with fitted immersion as well as the programmer for central heating & hot water, entryphone, fitted double cupboard with cupboards above.

Lounge - 4.41m x 3.02m (14'5" x 9'10") -

Kitchen - 2.79m x 1.80m (9'1" x 5'10") -

Bedroom 1 - 3.74m x 3.02m (12'3" x 9'10") -

Bedroom 2 - 3.38m x 2.40m (11'1" x 7'10") -

Bathroom - 1.97m x 1.68m (6'5" x 5'6") -

Rowan Court is within Communal Gardens bordered by a stream behind.

The property is in Band B. The amount payable for 2024-2025 is £1,939.54. This information is taken from voa.gov.uk

Approximately 49 square metres or 527 square feet.

Agent Details

Archer & Partners, Polegate

01323 409774

Next Steps?

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