3 Bed Bungalow, Refurb/BRRR, Peacehaven, BN10 7BA, £450,000

Gorham Way, Telscombe Cliffs, Peacehaven, BN10 7BA - a month ago

Refurb/BRRR
ROI: 1%
~93 m²
+10 photos

ValuationOvervalued

Sold Prices£220K - £647.5K
Sold Prices/m²£2.3K/m² - £7.7K/m²

 

 

Square Metres

~93 m²
Price/m²£4.8K/m²

Value Estimate

£382,678

 

 

End Value (After Refurb)

£396,975

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£112,500

Stamp Duty & Legal Fees

£33,700

Refurb Costs

£44,000

Bridging Loan Interest

£11,813

Total Cash In

£203,763

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£396,975

Mortgage (After Refinance)

£297,731

Mortgage LTV

75%

Cash Left In

£203,763

Equity

£99,244

Rent Range

£1,150 - £2,600

Rent Estimate

£1,708

Running Costs/mo

£1,602

Cashflow/mo

£106

Cashflow/yr

£1,270

ROI

1%

Gross Yield

5%

Local Sold Prices

50 sold prices from £220K to £647.5K, average is £398.9K. £2.3K/m² to £7.7K/m², average is £4.2K/m².

PriceDateDistanceAddressBeds 
£460K03/230.05 mi39, Gorham Way, Telscombe Cliffs, Peacehaven, East Sussex BN10 7BA3
£445K06/230.08 mi18, Tyedean Road, Telscombe Cliffs, Peacehaven, East Sussex BN10 7AU3
£538K01/230.11 mi43, Gorham Way, Telscombe Cliffs, Peacehaven, East Sussex BN10 7BA3
£325K04/210.15 mi13, Broomfield Avenue, Telscombe Cliffs, Peacehaven, East Sussex BN10 7AL3
£457.5K03/230.16 mi40, Broomfield Avenue, Telscombe Cliffs, Peacehaven, East Sussex BN10 7AL3
£275K11/220.23 mi43, Cliff Gardens, Telscombe Cliffs, Peacehaven, East Sussex BN10 7BX3
£400K03/230.26 mi42, Grassmere Avenue, Telscombe Cliffs, Peacehaven, East Sussex BN10 7BY3
£371K06/210.27 mi16a, Fairlight Avenue, Telscombe Cliffs, Peacehaven, East Sussex BN10 7BN3
£397.9K10/200.27 mi40a, Fairlight Avenue, Telscombe Cliffs, Peacehaven, East Sussex BN10 7BS3
£354.9K10/210.3 mi384, South Coast Road, Telscombe Cliffs, Peacehaven, East Sussex BN10 7ET3
£352.5K11/200.31 mi49, Ashurst Avenue, Saltdean, Brighton, East Sussex BN2 8DR3
£475K10/230.31 mi45, Ashurst Avenue, Saltdean, Brighton, East Sussex BN2 8DR3
£226K11/200.32 mi22, The Esplanade, Telscombe Cliffs, Peacehaven, East Sussex BN10 7EY3
£349K11/200.33 mi9, Grassmere Avenue, Telscombe Cliffs, Peacehaven, East Sussex BN10 7BZ3
£350K12/200.33 mi22, Grassmere Avenue, Telscombe Cliffs, Peacehaven, East Sussex BN10 7BZ3
£395K12/200.36 mi73, Bannings Vale, Saltdean, Brighton, East Sussex BN2 8DF3
£460K12/200.38 mi42, Hamsey Road, Saltdean, Brighton, East Sussex BN2 8DE3
£379.9K10/210.42 mi32a, Central Avenue, Telscombe Cliffs, Peacehaven, East Sussex BN10 7LY3
£440K06/210.42 mi26, Central Avenue, Telscombe Cliffs, Peacehaven, East Sussex BN10 7LY3
£347.5K12/200.42 mi4, Central Avenue, Telscombe Cliffs, Peacehaven, East Sussex BN10 7LY3
£367.5K11/200.45 mi99, Oaklands Avenue, Saltdean, Brighton, East Sussex BN2 8PD3
£310K02/210.45 mi142, Oaklands Avenue, Saltdean, Brighton, East Sussex BN2 8PD3
£350K07/230.46 mi35, Bannings Vale, Saltdean, Brighton, East Sussex BN2 8DB3
£404K07/230.46 mi53, Brambletyne Avenue, Saltdean, Brighton, East Sussex BN2 8EL3
£420K10/230.46 mi12, Brambletyne Avenue, Saltdean, Brighton, East Sussex BN2 8EJ3
£407.8K11/210.47 mi107, Bevendean Avenue, Saltdean, Brighton, East Sussex BN2 8PE3
£327.5K02/210.49 mi95, Wicklands Avenue, Saltdean, Brighton, East Sussex BN2 8EQ3
£385K03/210.5 mi15, Ambleside Avenue, Telscombe Cliffs, Peacehaven, East Sussex BN10 7LS3
£545K12/220.5 mi3, Ardingly Road, Saltdean, Brighton, East Sussex BN2 8EG3
£399.9K08/210.5 mi71, Central Avenue, Telscombe Cliffs, Peacehaven, East Sussex BN10 7NB3
£390K11/200.51 mi53, Nutley Avenue, Saltdean, Brighton, East Sussex BN2 8ED3
£325K04/230.52 mi7, Chatsworth Close, Telscombe Cliffs, Peacehaven, East Sussex BN10 7LW3
£405K02/210.52 mi117, Bannings Vale, Saltdean, Brighton, East Sussex BN2 8DH3
£505K12/210.53 mi57, Northwood Avenue, Saltdean, Brighton, East Sussex BN2 8RG3
£365K06/210.53 mi3, Park Avenue, Telscombe Cliffs, Peacehaven, East Sussex BN10 7ND3
£220K08/230.54 mi14, Park View Rise, Telscombe Cliffs, Peacehaven, East Sussex BN10 7NQ3
£455K08/210.54 mi42, Nutley Avenue, Saltdean, Brighton, East Sussex BN2 8EB3
£467.5K11/230.54 mi30, Nutley Avenue, Saltdean, Brighton, East Sussex BN2 8EB3
£647.5K06/230.54 mi20, Nutley Avenue, Saltdean, Brighton, East Sussex BN2 8EB3
£497.5K06/210.54 mi69, Northwood Avenue, Saltdean, Brighton, East Sussex BN2 8RG3
£495K06/210.54 mi63, Oaklands Avenue, Saltdean, Brighton, East Sussex BN2 8PB3
£510K06/230.54 mi73, Oaklands Avenue, Saltdean, Brighton, East Sussex BN2 8PB3
£637.5K01/230.54 mi1, The Esplanade, Telscombe Cliffs, Peacehaven, East Sussex BN10 7HG3
£525K09/230.56 mi16, Findon Avenue, Saltdean, Brighton, East Sussex BN2 8RF3
£395K08/220.56 mi8, Park View Close, Telscombe Cliffs, Peacehaven, East Sussex BN10 7NF3
£435K08/230.56 mi8a, Hartfield Road, Saltdean, Brighton, East Sussex BN2 8RE3
£320K03/230.56 mi84, Central Avenue, Telscombe Cliffs, Peacehaven, East Sussex BN10 7NE3
£390K10/220.57 mi61, Ambleside Avenue, Telscombe Cliffs, Peacehaven, East Sussex BN10 7LN3
£295K09/210.57 mi120, Central Avenue, Telscombe Cliffs, Peacehaven, East Sussex BN10 7NE3
£465K12/200.57 mi49, Bevendean Avenue, Saltdean, Brighton, East Sussex BN2 8PF3

Local Rents

18 rents from £1.1K/mo to £2.6K/mo, average is £1.6K/mo.

RentDateDistanceAddressBeds 
£1,50012/240.19 miSpringfield Avenue Telscombe Cliffs BN103
£1,15006/240.22 mi-3
£1,65012/240.38 miBannings Vale, Saltdean, BN23
£1,75012/240.42 miSouth Coast Road, Telscombe Cliffs, Peacehaven3
£1,55012/240.57 mi-3
£1,65003/240.77 mi-3
£1,75012/240.9 mi-3
£1,80012/240.94 miEdith Avenue, Peacehaven3
£1,85012/240.96 miHeathfield Avenue, Saltdean3
£1,60012/240.97 miBarley Close, Telscombe Cliffs, PEACEHAVEN3
£1,50012/241.03 miDowns Walk, BN103
£1,60012/241.11 miTremola Avenue, Saltdean, BRIGHTON3
£1,90012/241.18 miLustrells Vale, Saltdean, Brighton3
£2,60009/241.19 mi-3
£1,55005/241.2 mi-3
£1,40012/241.22 mi-3
£1,95012/241.24 mi-3
£2,00003/251.24 mi-3

Local Area Statistics

Population in BN10

18,563

Population in Peacehaven

18,566

Town centre distance

0.98 miles away

Nearest school

0.50 miles away

Nearest train station

3.26 miles away

 

 

Rental growth (12m)

+12%

Sales demand

Seller's market

Capital growth (5yrs)

+20%

Property History

Listed for £450,000

February 27, 2025

Floor Plans

Description

  • Stunning Location Opposite Open Fields +
  • Views Down Towards the Sea +
  • Three Bedrooms +
  • Spacious Accommodation +
  • In Need Of Modernisation +
  • Vacant Possession +
  • Garage +

Located in Gorham Way, Telscombe Cliffs, this charming three-bedroom bungalow offers a unique opportunity for those seeking a home with potential. The property boasts a spacious reception room, perfect for entertaining or relaxing with family. The three well-proportioned bedrooms provide ample space for comfortable living, while the bathroom is conveniently located to serve the household.

One of the standout features of this residence is its stunning location, situated opposite open fields that provide a serene backdrop and delightful views down towards the sea. This tranquil setting is ideal for nature lovers and those who appreciate the beauty of the outdoors.

While the property is in need of modernisation, it presents a blank canvas for buyers to create their dream home. The spacious accommodation allows for various design possibilities, making it an exciting project for those with a vision. Additionally, the property comes with the advantage of vacant possession, allowing for a smooth transition into your new home.

Parking is a breeze with space for two vehicles, and the inclusion of a garage adds further convenience. This bungalow is not just a property; it is a chance to embrace a lifestyle in a sought-after location. With its potential and stunning surroundings, this home is sure to attract interest from those looking to invest in a property that they can truly make their own. Don’t miss the opportunity to view this delightful house and envision the possibilities it holds.

Entrance Porch - 0.86 x 0.91 (2'9" x 2'11") -

Entrance Hallway - 3.08 x 2.45 (10'1" x 8'0") -

Living Room - 4.96 x 4.28 (16'3" x 14'0") -

Kitchen - 4.81 x 2.66 (15'9" x 8'8") -

Bedroom One - 3.33 x 4.34 (10'11" x 14'2") -

Bedroom Two - 2.44 x 4.55 (8'0" x 14'11") -

Bedroom Three - 2.69 x 2.67 (8'9" x 8'9") -

Bathroom - 2.50 x 1.64 (8'2" x 5'4") -

Sunroom - 1.86 x 5.57 (6'1" x 18'3") -

Garden -

Garage - 4.93 x 2.58 (16'2" x 8'5") -

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 💪