6 Bed Detached House, Refurb/BRRR, Peacehaven, BN10 8AA, £800,000

19 The Lookout, Peacehaven, BN10 8AA - a month ago

Refurb/BRRR
189 m²
+8 photos

ValuationOvervalued

Sold Prices£350K - £2.0M
Sold Prices/m²£2.1K/m² - £5.5K/m²

 

 

Square Metres

189 m²
Price/m²£4.2K/m²

Value Estimate

£502,282

 

 

End Value (After Refurb)

£734,114

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£200,000

Stamp Duty & Legal Fees

£52,700

Refurb Costs

£89,419

Bridging Loan Interest

£21,000

Total Cash In

£364,869

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£734,114

Mortgage (After Refinance)

£550,586

Mortgage LTV

75%

Cash Left In

£364,869

Equity

£183,529

Rent Range

£1,500 - £2,600

Rent Estimate

£1,856

Running Costs/mo

£2,685

Cashflow/mo

£-829

Cashflow/yr

£-9,952

Gross Yield

3%

Local Sold Prices

9 sold prices from £350K to £2.0M, average is £505K. £2.1K/m² to £5.5K/m², average is £2.8K/m².

PriceDateDistanceAddressBeds 
£425K03/210.64 mi70, Telscombe Road, Peacehaven, East Sussex BN10 7UB6
£485K11/221.24 mi5, Park Avenue, Telscombe Cliffs, Peacehaven, East Sussex BN10 7ND6
£505K02/211.35 mi45, Bolney Avenue, Peacehaven, East Sussex BN10 8HG6
£350K05/211.47 mi137, South Coast Road, Peacehaven, East Sussex BN10 8PA6
£760K12/221.58 mi75, The Promenade, Peacehaven, East Sussex BN10 8LY6
£560K11/212.09 mi25, Shepham Avenue, Saltdean, Brighton, Brighton And Hove BN2 8LS6
£665K05/212.11 mi5, Walesbeech Road, Saltdean, Brighton, East Sussex BN2 8EF6
£420K06/212.21 mi9, Hillcrest Road, Newhaven, East Sussex BN9 9EA6
£2.0M03/212.71 mi41, Dean Court Road, Rottingdean, Brighton, Brighton And Hove BN2 7DL6

Local Rents

16 rents from £1.5K/mo to £2.6K/mo, average is £1.9K/mo.

RentDateDistanceAddressBeds 
£2,00012/240.64 mi-3
£1,95012/240.64 mi-3
£1,95012/240.66 mi-3
£2,00003/250.66 mi-3
£1,60012/240.69 miCollingwood Close, PEACEHAVEN3
£1,90001/250.74 mi-4
£1,50012/240.76 miDowns Walk, BN103
£1,60012/240.79 miBarley Close, Telscombe Cliffs, PEACEHAVEN3
£2,10003/240.82 miTelscombe, Lewes, East Sussex, BN73
£2,60012/240.87 miTelscombe Cliff Way4
£1,95003/250.92 mi-4
£2,10012/240.95 miKirby Drive,Telscombe Cliffs,Peacehaven,BN104
£1,60012/240.96 miBee Road, BN103
£1,75012/240.97 mi-3
£1,55005/241.05 mi-3
£1,55012/241.19 mi-3

Local Area Statistics

Population in BN10

18,563

Population in Peacehaven

18,566

Town centre distance

1 miles away

Nearest school

0.50 miles away

Nearest train station

1.60 miles away

 

 

Rental growth (12m)

+12%

Sales demand

Seller's market

Capital growth (5yrs)

+20%

Property History

Listed for £800,000

February 20, 2025

Floor Plans

Description

  • Detached Six Bedroom House +
  • 3 Acre Plot including House & Paddocks +
  • Stables +
  • Garage & Workshop +
  • Long Driveway +
  • Lapsed Planning for Further Detached Four Bed House +
  • Potential for Further Development +
  • Additional 4 Acres Available by Separate Treaty +
  • Rural Location Yet 7-Min Drive from A259 Coast Road +
  • Adjacent to South Downs with Stunning Views +

* GUIDE PRICE £800,000-£850,000 *

* DEVELOPMENT OPPORTUNITY *

An opportunity to purchase a six bedroom detached home in need of updating/renovation, adjacent to the South Downs National Park.

The property extends to in excess of three acres with stable block, office and tack rooms, all in need of renovation. Previously two semi-detached houses, one family has occupied the whole property since 2001 and there is lapsed planning for a further detached house which can be viewed on Lewes District Council Website, reference LW/13/0838. The plot is in a peaceful location only a 7-minute drive from the A259 coast road and has views to Seaford Head to the South and Firle Beacon to the North-West. There is direct access onto bridle paths leading out to the Piddinghoe Road and Telscombe Village to the West and the South Downs Way.

Other opportunities for development have been investigated and the vendor advises that a proposal for seven houses on the plot was discussed previously.

A further 4 acres of paddocks and land are available by separate treaty.

This is a rural location and access is via a track from Telscombe Road/Roderick Ave North.

Agent Details

John Hilton & Co, Rottingdean

01273 917539

Next Steps?

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