2 Bed Flat, Refurb/BRRR, Peacehaven, BN10 8GL, £245,000

Roundhouse Crescent, Peacehaven, BN10 8GL - a month ago

Leasehold
Refurb/BRRR
ROI: 2%
~68 m²
+3 photos

ValuationOvervalued

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

 

 

Square Metres

~68.11 m²
Price/m²£3.6K/m²

Value Estimate

£235,632

 

 

End Value (After Refurb)

£259,384

Uplift in Value

+6%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£61,250

Stamp Duty & Legal Fees

£13,450

Refurb Costs

£32,225

Bridging Loan Interest

£6,431

Total Cash In

£115,106

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£259,384

Mortgage (After Refinance)

£194,538

Mortgage LTV

75%

Cash Released

£10,788

Cash Left In

£104,318

Equity

£64,846

Rent Range

£975 - £1,650

Rent Estimate

£1,301

Running Costs/mo

£1,091

Cashflow/mo

£210

Cashflow/yr

£2,523

ROI

2%

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
£345K05/210.14 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
£130K05/210.65 miFlat 3, Duncan House, Collingwood Close, Peacehaven, East Sussex BN10 8BA2
£230K05/231.03 mi111d, Central Avenue, Telscombe Cliffs, Peacehaven, East Sussex BN10 7NE2
£203.5K06/211.03 miFlat 2, Greenacres, Central Avenue, Telscombe Cliffs, Peacehaven, East Sussex BN10 7LY2
£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
£185K07/211.46 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
£185K05/221.71 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
£1,45012/240.21 miSouth Coast Road, Peacehaven2
£1,35012/240.21 mi-2
£1,40012/240.21 mi-2
£1,40001/250.21 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
£1,20012/240.61 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

1.95 miles away

 

 

Rental growth (12m)

+12%

Sales demand

Seller's market

Capital growth (5yrs)

+20%

Property History

Listed for £245,000

March 3, 2025

Floor Plans

Description

  • Good Decorative Order Throughout +
  • Spacious Southerly Facing Garden +
  • No Onward Chain +
  • Close Transport Links To Brighton and Eastbourne +
  • Long Lease - Approximately 980 Years Remaining +
  • Low Maintenance Costs - £600 Per Annun +

Located in Roundhouse Crescent, Peacehaven, this delightful ground floor flat presents an excellent opportunity for those seeking a comfortable and inviting home. Boasting two well-proportioned bedrooms, this property is perfect for small families, couples, or individuals looking for a peaceful retreat.

The flat features a spacious reception room that offers a warm and welcoming atmosphere, ideal for both relaxation and entertaining guests. The property is in good decorative order throughout, allowing you to move in with ease and make it your own without the need for immediate renovations.

One of the standout features of this home is the southerly facing garden, which provides a lovely outdoor space to enjoy the sunshine and fresh air. Whether you wish to cultivate a garden, host summer barbecues, or simply unwind with a good book, this garden is sure to enhance your living experience.

With vacant possession and no onward chain, this property offers a smooth transition for prospective buyers, making it an attractive option for those eager to settle into their new home without delay.

In summary, this ground floor flat in Peacehaven is a wonderful opportunity to acquire a well-maintained property in a desirable location. With its spacious layout, charming garden, and convenient features, it is sure to appeal to a variety of buyers. Do not miss the chance to make this lovely flat your new home.

Hallway -

Living Room - 3.74 x 3.66 (12'3" x 12'0") -

Kitchen - 3.22 x 1.64 (10'6" x 5'4") -

Bedroom One - 3.55 x 3.09 (11'7" x 10'1") -

Bedroom Two - 2.34 x 2.23 (7'8" x 7'3") -

Bathroom - 2.11 x 2.38 (6'11" x 7'9") -

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 💪