3 Bed Bungalow, Refurb/BRRR, Peacehaven, BN10 8JB, £385,000

48, Edith Avenue, Peacehaven, BN10 8JB - 2 months ago

Sold STC
Refurb/BRRR
~161 m²
+18 photos

ValuationUndervalued

Sold Prices£215K - £460K
Sold Prices/m²£2.3K/m² - £5.2K/m²

 

 

Square Metres

~161.01 m²
Price/m²£2.4K/m²

Value Estimate

£396,550
BMV3%

 

 

End Value (After Refurb)

£591,465

Uplift in Value

+54%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£96,250

Stamp Duty & Legal Fees

£27,200

Refurb Costs

£76,177

Bridging Loan Interest

£10,106

Total Cash In

£211,483

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Estimated Sale Price

£591,465

Agent Fees (1%)

£5,915

Bridging Loan

£288,750

Bridging Loan Interest

£10,106

Flip Profit

£85,318

Local Sold Prices

50 sold prices from £215K to £460K, average is £351K. £2.3K/m² to £5.2K/m², average is £3.7K/m².

PriceDateDistanceAddressBeds 
£366K07/230.07 mi185, Arundel Road Central, Peacehaven, East Sussex BN10 7NT3
£400K10/220.08 mi37, Edith Avenue, Peacehaven, East Sussex BN10 8JB3
£370K06/210.08 mi38, Horsham Avenue, Peacehaven, East Sussex BN10 8HX3
£399.9K03/210.08 mi51, Horsham Avenue, Peacehaven, East Sussex BN10 8HX3
£418.5K04/230.1 mi25, Roderick Avenue, Peacehaven, East Sussex BN10 8JT3
£262.5K04/210.1 mi17, Roderick Avenue, Peacehaven, East Sussex BN10 8JT3
£305K03/210.1 mi13a, Roderick Avenue, Peacehaven, East Sussex BN10 8JT3
£325K03/210.11 mi44, Cavell Avenue, Peacehaven, East Sussex BN10 7NS3
£420K06/210.11 mi41, Cavell Avenue, Peacehaven, East Sussex BN10 7NR3
£330K10/230.11 mi51, Cavell Avenue, Peacehaven, East Sussex BN10 7NR3
£375K08/210.14 mi147a, Arundel Road, Peacehaven, East Sussex BN10 8HP3
£340K03/210.16 mi22, Bramber Avenue, Peacehaven, East Sussex BN10 8HR3
£360K06/230.2 mi30, Rowe Avenue, Peacehaven, East Sussex BN10 7PF3
£387.5K02/210.21 mi23a, Rowe Avenue, Peacehaven, East Sussex BN10 7PE3
£442.5K08/230.23 mi2b, Horsham Avenue, Peacehaven, East Sussex BN10 8LL3
£412K03/230.24 mi46, Hoddern Avenue, Peacehaven, East Sussex BN10 7PH3
£302.5K11/210.26 mi99, Roderick Avenue, Peacehaven, East Sussex BN10 8BN3
£335K05/210.26 mi109, Horsham Avenue North, Peacehaven, East Sussex BN10 8DU3
£340K01/230.27 mi74, Hoddern Avenue, Peacehaven, East Sussex BN10 7QY3
£265K11/200.27 mi279, South Coast Road, Peacehaven, East Sussex BN10 7JE3
£335K10/220.27 mi275a, South Coast Road, Peacehaven, East Sussex BN10 7JE3
£322K12/200.27 mi11, Damon Close, Peacehaven, East Sussex BN10 8JW3
£377.5K07/230.28 mi10, Steyning Avenue, Peacehaven, East Sussex BN10 8LT3
£281K08/210.28 mi10d, Rowe Avenue, Peacehaven, East Sussex BN10 7JD3
£370K02/210.3 mi136, Arundel Road, Peacehaven, East Sussex BN10 8HE3
£435K03/210.3 mi134, Arundel Road, Peacehaven, East Sussex BN10 8HE3
£400K09/230.31 mi21, Malines Avenue, Peacehaven, East Sussex BN10 7PR3
£355K07/230.31 mi51, Southview Road, Peacehaven, East Sussex BN10 7QE3
£342.5K03/210.31 mi58, Southview Road, Peacehaven, East Sussex BN10 7QE3
£335.1K05/210.31 mi26, Southview Road, Peacehaven, East Sussex BN10 8DR3
£375K03/230.32 mi67a, Capel Avenue, Peacehaven, East Sussex BN10 8HD3
£410K09/220.32 mi75, Capel Avenue, Peacehaven, East Sussex BN10 8HD3
£335K10/220.34 mi48a, Capel Avenue, Peacehaven, East Sussex BN10 8HB3
£425K01/230.34 mi21, Bolney Avenue, Peacehaven, East Sussex BN10 8NA3
£383K03/210.34 mi7, Bolney Avenue, Peacehaven, East Sussex BN10 8NA3
£292K02/210.35 mi135, Rowe Avenue North, Peacehaven, East Sussex BN10 7QP3
£308K11/200.36 mi24, Keymer Avenue, Peacehaven, East Sussex BN10 8HA3
£347K02/210.36 mi123, Edith Avenue North, Peacehaven, East Sussex BN10 8EB3
£400K06/210.36 mi125, Edith Avenue North, Peacehaven, East Sussex BN10 8EB3
£355K06/210.37 mi114, Horsham Avenue North, Peacehaven, East Sussex BN10 8DT3
£340K06/230.37 mi126, Rowe Avenue North, Peacehaven, East Sussex BN10 7QR3
£302K10/200.38 mi110, Roderick Avenue, Peacehaven, East Sussex BN10 8BS3
£300K04/210.38 mi127a, Cavell Avenue North, Peacehaven, East Sussex BN10 7QQ3
£452K03/230.38 mi122, Bramber Avenue North, Peacehaven, East Sussex BN10 8DG3
£325K10/200.39 mi81, Keymer Avenue, Peacehaven, East Sussex BN10 8EX3
£297.5K01/210.39 mi50, Keymer Avenue, Peacehaven, East Sussex BN10 8EX3
£345K11/200.39 mi86, Cairo Avenue, Peacehaven, East Sussex BN10 7LA3
£215K08/210.39 mi69, Cairo Avenue, Peacehaven, East Sussex BN10 7LA3
£384.3K05/230.39 mi89, Cairo Avenue, Peacehaven, East Sussex BN10 7LA3
£460K10/220.39 mi67, Cairo Avenue, Peacehaven, East Sussex BN10 7LA3

Local Rents

24 rents from £700/mo to £2K/mo, average is £1.7K/mo.

RentDateDistanceAddressBeds 
£1,80012/240.12 miEdith Avenue, Peacehaven3
£1,40012/240.25 mi-3
£1,55005/240.31 mi-3
£1,85012/240.36 miKeymer Avenue, PEACEHAVEN3
£1,75012/240.41 mi-3
£1,60012/240.42 miBee Road, BN103
£1,55012/240.59 mi-3
£1,50012/240.61 miDowns Walk, BN103
£1,60012/240.62 miCollingwood Close, PEACEHAVEN3
£1,75012/240.62 miSouth Coast Road, Telscombe Cliffs, Peacehaven3
£1,95012/240.64 mi-3
£2,00003/250.64 mi-3
£2,00012/240.65 mi-3
£1,95012/240.65 mi-3
£1,35012/240.68 mi-3
£70009/240.69 mi-3
£1,15006/240.77 mi-3
£1,85012/240.83 miCornwall Avenue Peacehaven BN103
£1,60012/240.84 miBarley Close, Telscombe Cliffs, PEACEHAVEN3
£1,50012/240.87 miSpringfield Avenue Telscombe Cliffs BN103
£1,69501/250.89 mi-3
£1,69501/250.89 mi-3
£1,70012/241 miCliff Avenue, Peacehaven3
£1,95012/241.02 miFriars Close, Peacehaven3

Local Area Statistics

Population in BN10

18,563

Population in Peacehaven

18,566

Town centre distance

0.31 miles away

Nearest school

0.20 miles away

Nearest train station

2.42 miles away

 

 

Rental growth (12m)

+12%

Sales demand

Seller's market

Capital growth (5yrs)

+20%

Property History

Listed for £385,000

February 12, 2025

Floor Plans

Description

  • PROBATE GRANTED +
  • NO CHAIN +
  • 55ft Plot Semi Detached Bungalow +
  • 3 Double Bedrooms +
  • Original Stables +
  • Open Planned Living Accomodation +
  • Off Road Parking +
  • Garage +
  • Central Location +
  • In Need of Modernisation +

Phillipmann estate agents are delighted to offer for sale this three bedroom semi detached bungalow situated on a LARGE PLOT in a popular, central residential area of Peacehaven within a short walk to close by amenities, local schools and main bus routes to Brighton/Eastbourne. NO CHAIN

As you approach the property, benefits driveway providing off road parking and garage with up and over door featuring power and lighting. The entrance hall comprises; inner porch, hatch to loft space and recess storage.

Bedroom one is a good size double room with exposed floorboards and fitted wardrobes overlooking the front. Bedroom two is also a double room to the front also with space for free standing furniture. The bathroom features; bath with twin taps and overhead electric shower, tiled floor and walls, sink vanity unit and w/c.

The opened planned living area has been extended to the rear. The accommodation comprises; dining area with brick fireplace with surround store and airing cupboard, ample space for all furniture and bay window overlooking the rear garden. There is an archway through to the living area which has space for all soft furnishings, sliding door to rear garden, integral door to garage door to bedroom 3. Bed 3 is also a double room overlooking the fron featuring an ensuite shower room.

The kitchen is fitted with a range of wall and base cupboards with complementing working surface. Features include; inset sink drainer, space for white goods, oven with gas hob, breakfast bar, dining area with large window and door to rear.

The west facing 55x55ft garden provides a blank canvas and currently features; a good sized patio area, large lawn covering with mature stocked borders and animal outbuilding. A particular feature is the further outbuilding originally built as stables - with ample of potential, this could be transformed into a modern garden studio.

NO CHAIN
VIEWINGS ADVISED
LARGE PLOT

Agent Details

Phillip Mann Estate Agents, Peacehaven

01273 109732

Next Steps?

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