3 Bed Bungalow, Refurb/BRRR, Peacehaven, BN10 8PG, £365,000

30, Gladys Avenue, Peacehaven, BN10 8PG - 2 views - a month ago

Sold STC
Refurb/BRRR
~93 m²
+15 photos

ValuationOvervalued

Sold Prices£257K - £657.5K
Sold Prices/m²£2.3K/m² - £6.5K/m²

 

 

Square Metres

~93 m²
Price/m²£3.9K/m²

Value Estimate

£336,383

 

 

End Value (After Refurb)

£435,343

Uplift in Value

+19%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£91,250

Stamp Duty & Legal Fees

£25,200

Refurb Costs

£44,000

Bridging Loan Interest

£9,581

Total Cash In

£171,781

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£435,343

Mortgage (After Refinance)

£326,507

Mortgage LTV

75%

Cash Released

£52,757

Cash Left In

£119,024

Equity

£108,836

Rent Range

£700 - £1,950

Rent Estimate

£1,595

Running Costs/mo

£1,699

Cashflow/mo

£-104

Cashflow/yr

£-1,253

Gross Yield

5%

Local Sold Prices

50 sold prices from £257K to £657.5K, average is £352.5K. £2.3K/m² to £6.5K/m², average is £3.6K/m².

PriceDateDistanceAddressBeds 
£657.5K06/230.09 mi11, Neville Road, Peacehaven, East Sussex BN10 8PH3
£318K02/210.09 mi6a, Neville Road, Peacehaven, East Sussex BN10 8PH3
£371K01/210.11 mi29, Neville Road, Peacehaven, East Sussex BN10 8PE3
£425K10/230.11 mi52, Piddinghoe Avenue, Peacehaven, East Sussex BN10 8RJ3
£360K11/200.12 mi21, Sunview Avenue, Peacehaven, East Sussex BN10 8RR3
£500K02/230.12 mi37a, Mayfield Avenue, Peacehaven, East Sussex BN10 8RE3
£375K07/220.13 mi25a, Vernon Avenue, Peacehaven, East Sussex BN10 8RT3
£380K09/230.16 mi68, South Coast Road, Peacehaven, East Sussex BN10 8SJ3
£455K02/210.16 mi6, Southdown Avenue, Peacehaven, East Sussex BN10 8PN3
£430K11/220.17 mi69, Arundel Road, Peacehaven, East Sussex BN10 8RL3
£280K01/210.18 mi45, Slindon Avenue, Peacehaven, East Sussex BN10 8ET3
£500K12/230.19 mi16, Keymer Avenue, Peacehaven, East Sussex BN10 8NG3
£427.5K02/230.2 mi39, Arundel Road, Peacehaven, East Sussex BN10 8RS3
£310K03/230.21 mi106a, Arundel Road, Peacehaven, East Sussex BN10 8RG3
£335K06/210.21 mi15, Capel Avenue, Peacehaven, East Sussex BN10 8NB3
£308K11/200.21 mi24, Keymer Avenue, Peacehaven, East Sussex BN10 8HA3
£335K10/220.23 mi48a, Capel Avenue, Peacehaven, East Sussex BN10 8HB3
£345K08/230.24 mi114, Arundel Road, Peacehaven, East Sussex BN10 8EU3
£345K12/220.25 mi20, Friars Avenue, Peacehaven, East Sussex BN10 8PS3
£320K08/230.26 mi28, Westview Close, Peacehaven, East Sussex BN10 8GA3
£315K08/230.26 mi22, Westview Close, Peacehaven, East Sussex BN10 8GA3
£425K01/230.28 mi21, Bolney Avenue, Peacehaven, East Sussex BN10 8NA3
£383K03/210.28 mi7, Bolney Avenue, Peacehaven, East Sussex BN10 8NA3
£317.5K12/220.28 mi15, Roundhouse Crescent, Peacehaven, East Sussex BN10 8GL3
£500K12/200.28 mi78, The Promenade, Peacehaven, East Sussex BN10 8LY3
£340K01/230.31 mi3, Jay Road, Peacehaven, East Sussex BN10 8QA3
£290K04/210.31 mi6, Jay Road, Peacehaven, East Sussex BN10 8QA3
£302.5K04/210.31 mi3, Jay Road, Peacehaven, East Sussex BN10 8QA3
£370K02/210.31 mi136, Arundel Road, Peacehaven, East Sussex BN10 8HE3
£435K03/210.31 mi134, Arundel Road, Peacehaven, East Sussex BN10 8HE3
£325K10/200.32 mi81, Keymer Avenue, Peacehaven, East Sussex BN10 8EX3
£297.5K01/210.32 mi50, Keymer Avenue, Peacehaven, East Sussex BN10 8EX3
£410K09/220.33 mi75, Capel Avenue, Peacehaven, East Sussex BN10 8HD3
£375K03/230.33 mi67a, Capel Avenue, Peacehaven, East Sussex BN10 8HD3
£280K12/200.33 mi37, South Coast Road, Peacehaven, East Sussex BN10 8QN3
£291.5K05/210.33 mi96, Seaview Avenue, Peacehaven, East Sussex BN10 8FD3
£375K05/230.33 mi21, Seaview Road, Peacehaven, East Sussex BN10 8PX3
£322K12/200.36 mi11, Damon Close, Peacehaven, East Sussex BN10 8JW3
£545K03/230.37 mi5, York Road, Peacehaven, East Sussex BN10 8QB3
£300K10/230.37 mi9, York Road, Peacehaven, East Sussex BN10 8QB3
£377.5K07/230.37 mi10, Steyning Avenue, Peacehaven, East Sussex BN10 8LT3
£340K03/210.4 mi22, Bramber Avenue, Peacehaven, East Sussex BN10 8HR3
£375K12/200.4 mi8a, Cissbury Avenue, Peacehaven, East Sussex BN10 8TJ3
£290K02/230.42 mi18, Downland Avenue, Peacehaven, East Sussex BN10 8TH3
£375K08/210.45 mi147a, Arundel Road, Peacehaven, East Sussex BN10 8HP3
£335K12/200.46 mi2, Wellington Road, Peacehaven, East Sussex BN10 8QJ3
£257K03/210.46 mi24, Headland Close, Peacehaven, East Sussex BN10 8TL3
£365K08/230.49 mi8, Friars Close, Peacehaven, East Sussex BN10 8FJ3
£295K12/200.5 mi52, Downland Avenue, Peacehaven, East Sussex BN10 8TY3
£399.9K03/210.51 mi51, Horsham Avenue, Peacehaven, East Sussex BN10 8HX3

Local Rents

12 rents from £700/mo to £1.9K/mo, average is £1.7K/mo.

RentDateDistanceAddressBeds 
£1,35012/240.12 mi-3
£70009/240.14 mi-3
£1,85012/240.21 miKeymer Avenue, PEACEHAVEN3
£1,85012/240.31 miCornwall Avenue Peacehaven BN103
£1,69501/250.34 mi-3
£1,69501/250.34 mi-3
£1,40012/240.37 mi-3
£1,70012/240.44 miCliff Avenue, Peacehaven3
£1,95012/240.49 miFriars Close, Peacehaven3
£1,55004/240.54 mi-3
£1,80012/240.57 miEdith Avenue, Peacehaven3
£1,60012/240.58 miBee Road, BN103

Local Area Statistics

Population in BN10

18,563

Population in Peacehaven

18,566

Town centre distance

0.77 miles away

Nearest school

0.60 miles away

Nearest train station

1.98 miles away

 

 

Rental growth (12m)

+12%

Sales demand

Seller's market

Capital growth (5yrs)

+20%

Property History

Listed for £365,000

March 1, 2025

Floor Plans

Description

  • NO CHAIN +
  • EXTENDED ACCOMODATION +
  • LARGE PLOT +
  • South of A259 +
  • 3 Double Bedrooms +
  • Conservatory +
  • Garage and Workshop +
  • Close to all Amenities +
  • Off Road Parking +
  • Viewings Advised +

Phillipmann Estate Agents are pleased to offer for sale this extended three bedroom detached bungalow in a central location SOUTH of A259 in need of modernisation. Providing a blank canvas sitting on a larger than average plot within a short walk to all amenities, viewings are a must to appreciate the size and potential this property has to offer.

As you approach the property, benefits include ample off road parking with low maintenance front garden a well as garage. The large entrance porch with house boiler leads into the inner hall featuring; hatch to loft space and cloaks cupboard.

All bedrooms are good sized double rooms with ample space for free standing furniture and bed two featuring fitted wardrobes. The shower room comprises; corner shower tray, w/c and wash basin vanity unit and tiled floor and walls.

The extended kitchen is fitted with a range of wall and base units with complementing working surface. Further features include; inset sink drainer with windows to side, eye level oven, electric hob with overheat extratcor, space for white goods, door to conservatory and door to dining area. The double aspect L shaped lounge dining room is a lovely room with ample space for all soft furnishings and features, focal point electric fire and sliding door to conservatory. The part brick built conservatory is a useful additional reception room with doors to garden.

The west facing rear gardens boasts potential with a large lawn covering, patio area and mature stocked borders, raised beds, side access, storage shed, workshop and side door to garage.

NO CHAIN

Agent Details

Phillip Mann Estate Agents, Peacehaven

01273 109732

Next Steps?

This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪