2 Bed Flat, Single Let, Peacehaven, BN10 8GL, £219,950

Roundhouse Crescent, BN10 8GL - 1 views - 2 months ago

Leasehold
BTL
ROI: 3%
~68 m²
+1 photos

ValuationUndervalued

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

 

 

Square Metres

~68.11 m²
Price/m²£3.2K/m²

Value Estimate

£235,632
BMV7%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£54,988

Stamp Duty & Legal Fees

£7,799

Total Cash In

£62,786

 

 

Cash Out

 

Rent Range

£975 - £1,650

Rent Estimate

£1,088

Running Costs/mo

£925

Cashflow/mo

£163

Cashflow/yr

£1,957

ROI

3%

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 
£217.9K05/230.04 mi56, Roundhouse Crescent, Peacehaven, East Sussex BN10 8GL2
£217.9K06/230.04 mi41, Roundhouse Crescent, Peacehaven, East Sussex BN10 8GL2
£317K01/210.12 mi29, Piddinghoe Avenue, Peacehaven, East Sussex BN10 8RJ2
£345K05/210.13 mi43, Gladys Avenue, Peacehaven, East Sussex BN10 8RN2
£235K05/210.2 mi62, Westview Close, Peacehaven, East Sussex BN10 8GA2
£225K04/210.34 mi41, Friars Avenue, Peacehaven, East Sussex BN10 8SB2
£186K11/210.54 mi97a, Roderick Avenue, Peacehaven, East Sussex BN10 8BN2
£130K05/210.66 miFlat 3, Duncan House, Collingwood Close, Peacehaven, East Sussex BN10 8BA2
£203.5K06/211.03 miFlat 2, Greenacres, Central Avenue, Telscombe Cliffs, Peacehaven, East Sussex BN10 7LY2
£230K05/231.03 mi111d, Central Avenue, Telscombe Cliffs, Peacehaven, East Sussex BN10 7NE2
£260K09/221.05 miFlat 9, Central House, Central Avenue, Telscombe Cliffs, Peacehaven, East Sussex BN10 7LJ2
£235K07/211.06 miFlat 2, Central House, Central Avenue, Telscombe Cliffs, Peacehaven, East Sussex BN10 7LJ2
£214K06/211.06 miFlat 9, Central House, Central Avenue, Telscombe Cliffs, Peacehaven, East Sussex BN10 7LJ2
£270K07/231.06 miFlat 2, Central House, Central Avenue, Telscombe Cliffs, Peacehaven, East Sussex BN10 7LJ2
£224K11/211.06 miFlat 5, Central House, Central Avenue, Telscombe Cliffs, Peacehaven, East Sussex BN10 7LJ2
£300K11/221.12 mi2, Tuscan Court, Telscombe Cliffs, Peacehaven, East Sussex BN10 7HF2
£229.9K04/221.39 mi7a, Rose Walk Close, Newhaven, East Sussex BN9 9NL2
£218K04/221.39 mi6, Rose Walk Close, Newhaven, East Sussex BN9 9NL2
£200K11/201.42 miFlat 6, St Lukes Court, Church Hill, Newhaven, East Sussex BN9 9HZ2
£217.9K09/231.42 miFlat 5, St Lukes Court, Church Hill, Newhaven, East Sussex BN9 9HZ2
£218K09/211.46 mi19, Rectory Close, Newhaven, East Sussex BN9 9HL2
£185K07/211.47 mi55, Brighton Road, Newhaven, East Sussex BN9 9NG2
£200K01/211.58 mi195, Hillcrest Road, Newhaven, East Sussex BN9 9EZ2
£200K01/211.58 mi195, Hillcrest Road, Newhaven, East Sussex BN9 9EZ2
£210K04/211.58 mi203, Hillcrest Road, Newhaven, East Sussex BN9 9EZ2
£215K03/221.58 mi195, Hillcrest Road, Newhaven, East Sussex BN9 9EZ2
£163.5K03/221.62 mi16a, South Way, Newhaven, East Sussex BN9 9LL2
£185K05/221.72 miGround Floor Flat, 47, Meeching Road, Newhaven, East Sussex BN9 9RL2
£175K01/221.77 miFlat 1, Bridge Mews, Bridge Street, Newhaven, East Sussex BN9 9PJ2
£255K08/211.86 miFlat 7, Reba Court, Tye Close, Saltdean, Brighton, East Sussex BN2 8DY2

Local Rents

15 rents from £975/mo to £1.6K/mo, average is £1.4K/mo.

RentDateDistanceAddressBeds 
£1,39502/250.06 mi-2
£1,35012/240.11 miKeymer Avenue, Peacehaven, BN10 8EX2
£1,45012/240.2 miSouth Coast Road, Peacehaven2
£1,40012/240.2 mi-2
£1,40001/250.2 mi-2
£1,35012/240.21 mi-2
£1,20012/240.22 miWestview Close, Peacehaven2
£1,30002/250.3 mi-2
£1,05012/240.32 miSouth Coast Road, Peacehaven2
£1,40009/240.51 mi-2
£1,30012/240.52 mi16 South Coast Road, Peacehaven, BN102
£97512/240.52 mi-2
£1,65012/240.58 miSouth Coast Road, Telscombe Cliffs, Peacehaven2
£1,10012/240.6 mi-2
£1,20012/240.6 miSouth Coast Road, BN102

Local Area Statistics

Population in BN10

18,563

Population in Peacehaven

18,566

Town centre distance

0.60 miles away

Nearest school

0.40 miles away

Nearest train station

1.96 miles away

 

 

Rental growth (12m)

+12%

Sales demand

Seller's market

Capital growth (5yrs)

+20%

Property History

Listed for £219,950

February 14, 2025

Floor Plans

Description

  • Two Bedroom First Floor Apartment +
  • Spacious Living Room +
  • Modern Kitchen +
  • Modern Bathroom +
  • No Onward Chain +
  • Allocated Parking +
  • Low Outgoings and Long Lease +

Here is a wonderful opportunity to acquire a SPACIOUS two bedroom first floor apartment, which is situated in this HIGHLY desirable location. This well presented home is offered for sale with NO ONWARD CHAIN and has the benefit of a very LONG LEASE which is approximately 980 years with a peppercorn ground rent.

You are granted access via your own private entrance door which leads into the apartment hallway. Stairs rise from here and open out in to the bright and spacious living room. Here you have two windows which allow maximum light to come in plus a very useful storage cupboard. The modern kitchen area is open plan to the living room and overlooks the rear.

An internal hallway gives access to two double bedrooms, with the master bedroom having a built in wardrobe. Completing the accommodation is the family bathroom which is fitted with a modern suite. Lastly, to the rear of the property is an allocated parking space.

Entrance Hallway -

Living Room - 4.98m (16' 4") x 3.70m (12' 2") -

Kitchen - 3.27m (10' 9") x 1.54m (5' 1") -

Inner Hallway - 1.25m (4' 1") x 0.95m (3' 1") -

Bedroom 1 - 3.08m (10' 1") x 2.83m (9' 3") -

Bedroom 2 - 3.23m (10' 7") x 2.23m (7' 4") -

Bathroom - 2.23m (7' 4") x 2.37m (7' 9") -

Allocated Parking Space -

Outgoings - Lease approx 980 Years remaining

Service Charge Approx: £600 per Annum TBC

Peppercorn Ground Rent

Council Tax Band B

Agent Details

Open House Estate Agents, Brighton

01273 109735

Next Steps?

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