2 Bed Bungalow, Planning Permission, Eastbourne, BN20 9SP, £335,000

The Grove, Willingdon, East Sussex, BN20 9SP - 2 months ago

Planning
~68 m²
+10 photos

ValuationUndervalued

Sold Prices£240K - £435K
Sold Prices/m²£2.8K/m² - £7.8K/m²

 

 

Square Metres

~68.11 m²
Price/m²£4.9K/m²

Value Estimate

£345,050
BMV3%

 

 

End Value (After Refurb)

£305,817

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£83,750

Stamp Duty & Legal Fees

£24,700

Refurb Costs

£32,225

Bridging Loan Interest

£8,794

Total Cash In

£151,218

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£305,817

Mortgage (After Refinance)

£229,363

Mortgage LTV

75%

Cash Left In

£151,218

Equity

£76,454

Rent Range

£1,050 - £1,530

Rent Estimate

£1,258

Running Costs/mo

£1,227

Cashflow/mo

£31

Cashflow/yr

£369

ROI

0%

Gross Yield

5%

Local Sold Prices

50 sold prices from £240K to £435K, average is £330K. £2.8K/m² to £7.8K/m², average is £5.4K/m².

PriceDateDistanceAddressBeds 
£330K12/220 mi8, The Grove, Willingdon, Eastbourne, East Sussex BN20 9SP2
£265K02/210.04 mi30, Wannock Avenue, Eastbourne, East Sussex BN20 9RL2
£390K10/220.11 mi10, The Crescent, Willingdon, Eastbourne, East Sussex BN20 9RN2
£330K10/220.12 mi63, Wannock Avenue, Eastbourne, East Sussex BN20 9RH2
£310K11/200.12 mi46, Wannock Avenue, Eastbourne, East Sussex BN20 9RH2
£385K02/210.13 mi54, Wannock Avenue, Eastbourne, East Sussex BN20 9RH2
£350K06/230.15 mi87, Gorringe Valley Road, Eastbourne, East Sussex BN20 9SR2
£297K12/200.2 mi21, Broadview Close, Eastbourne, East Sussex BN20 9RB2
£400K06/240.21 mi17, Wannock Gardens, Polegate, East Sussex BN26 5PA2
£320K07/230.21 mi18, Oldfield Avenue, Eastbourne, East Sussex BN20 9PU2
£375K03/230.22 mi39, Gorringe Valley Road, Eastbourne, East Sussex BN20 9SS2
£315K09/230.22 mi52, Gorringe Valley Road, Eastbourne, East Sussex BN20 9SS2
£280K04/230.22 mi30, Gorringe Valley Road, Eastbourne, East Sussex BN20 9SS2
£343K05/210.25 mi26, Coppice Close, Eastbourne, East Sussex BN20 9QH2
£375K07/210.25 mi8, Coppice Close, Eastbourne, East Sussex BN20 9QH2
£390K10/230.25 mi4, Coppice Close, Eastbourne, East Sussex BN20 9QH2
£395K11/210.25 mi20, Coppice Close, Eastbourne, East Sussex BN20 9QH2
£320K11/210.25 mi11, Church Close, Eastbourne, East Sussex BN20 9QY2
£350K09/220.29 mi13, Gorringe Drive, Eastbourne, East Sussex BN20 9ST2
£310K11/220.29 mi15, Gorringe Drive, Eastbourne, East Sussex BN20 9ST2
£287K12/200.3 mi11, Gorringe Close, Eastbourne, East Sussex BN20 9SU2
£409K10/220.31 mi83, Broad Road, Eastbourne, East Sussex BN20 9QX2
£325K11/200.31 miNorthcote, Wannock Road, Polegate, East Sussex BN26 5PE2
£267K02/210.35 mi2, Downsvalley Road, Eastbourne, East Sussex BN20 9QG2
£400K05/210.35 mi11, Thurrock Close, Eastbourne, East Sussex BN20 9NF2
£435K07/230.35 mi3, Meachants Lane, Eastbourne, East Sussex BN20 9LP2
£300K01/230.35 mi33, Farmlands Avenue, Polegate, East Sussex BN26 5LG2
£265K02/210.35 mi5, Farmlands Avenue, Polegate, East Sussex BN26 5LG2
£305K03/240.37 mi27, Farmlands Avenue, Polegate, East Sussex BN26 5LL2
£300K05/240.37 mi25, Farmlands Avenue, Polegate, East Sussex BN26 5LL2
£330K01/210.37 mi17, Combe Rise, Eastbourne, East Sussex BN20 9LN2
£259.9K08/210.38 mi36, Eastbourne Road, Willingdon, Eastbourne, East Sussex BN20 9NN2
£417K09/230.39 mi13, Oldfield Road, Eastbourne, East Sussex BN20 9QD2
£350K05/210.39 mi14, Oldfield Road, Eastbourne, East Sussex BN20 9QD2
£340K11/220.4 mi10, Cornmill Gardens, Polegate, East Sussex BN26 5NJ2
£270K11/230.4 mi9, Cornmill Gardens, Polegate, East Sussex BN26 5NJ2
£355K02/230.4 mi34, Mortimer Gardens, Polegate, East Sussex BN26 5PT2
£322K04/210.4 mi24, Mortimer Gardens, Polegate, East Sussex BN26 5PT2
£300K02/210.4 mi23, Mortimer Gardens, Polegate, East Sussex BN26 5PT2
£310K06/210.4 mi9, Mill Stream Gardens, Polegate, East Sussex BN26 5PU2
£365K07/230.4 mi3, Millstream Gardens, Polegate, East Sussex BN26 5PU2
£286K02/240.4 mi21, Millstream Gardens, Polegate, East Sussex BN26 5PU2
£335K10/230.41 mi15, Farmlands Close, Polegate, East Sussex BN26 5LH2
£380K12/220.41 mi30, Millstream Gardens, Polegate, East Sussex BN26 5PU2
£360K09/210.41 mi15, Mortimer Gardens, Polegate, East Sussex BN26 5PS2
£310K05/240.42 mi54, Farmlands Way, Polegate, East Sussex BN26 5LN2
£315K12/220.43 mi29, St Annes Road, Willingdon, Eastbourne, East Sussex BN20 9NJ2
£347K11/230.43 mi67, Cornmill Gardens, Polegate, East Sussex BN26 5NR2
£375K04/210.44 mi15, Portsdown Way, Eastbourne, East Sussex BN20 9LH2
£240K05/210.44 mi18, Went Hill Gardens, Eastbourne, East Sussex BN22 0QP2

Local Rents

22 rents from £1.1K/mo to £1.5K/mo, average is £1.3K/mo.

RentDateDistanceAddressBeds 
£1,19502/250.33 mi-2
£1,10003/240.34 miWillingdon court2
£1,05008/230.35 mi-2
£1,20012/240.44 miFarmlands Close, Polegate, East Sussex, BN262
£1,40012/240.45 mi-2
£1,53012/240.47 mi-2
£1,30004/240.51 miSt. Marys Close, Eastbourne2
£1,20003/240.55 miThe Lawns, St. Marys Close, Willingdon, Eastbourne2
£1,30012/230.62 mi-2
£1,30005/240.64 miHawksbridge Close, EASTBOURNE2
£1,25003/240.78 miSeven Sisters Road, Eastbourne, East Sussex, BN222
£1,25003/240.79 miChurch Street2
£1,20009/240.89 mi-2
£1,20003/250.91 mi-2
£1,10012/241.07 miPorters Way, Polegate2
£1,35003/251.08 mi-2
£1,30012/241.13 mi-2
£1,30003/251.19 mi-2
£1,20012/241.2 miVictoria Road, Polegate2
£1,25012/241.2 mi-2
£1,39512/241.2 miWestfield Close, Polegate, East Sussex2
£1,30012/241.23 miEastern Avenue, Polegate2

Local Area Statistics

Population in BN20

21,311

Population in Eastbourne

107,152

Town centre distance

2.90 miles away

Nearest school

0.10 miles away

Nearest train station

1 miles away

 

 

Rental growth (12m)

-19%

Sales demand

Balanced market

Capital growth (5yrs)

+25%

Property History

Listed for £335,000

March 12, 2025

Floor Plans

Description

  • Two Bedroom Semi Detached Bungalow In Highly Desirable Residential Location At The Foot Of The South Downs +
  • Conservatory Extension To The Rear +
  • Driveway Leading Too Large Garage/Workshop +
  • Generously Proportioned And Peaceful Rear Garden +

Guide Price £335,000 - £365,000 Move Sussex estate agents are proud to present to the market this two bedroom semi detached bungalow in a highly desirable residential location. Nestled in a quiet close at the foot of the downs, with outstanding views.

Internally the property has two double bedrooms, with an extended living space provided by a conservatory, which sits overlooking the large corner plot garden.

Externally a detached garage, which is a particular feature, being far larger than a typical single garage. To the front a large block paved driveway providing ample off road parking.

The property also benefits from approved planning permission for extension, which can be viewed on the Wealden Planning Portal under WD/2024/2429/F.

An internal viewing is highly recommended via appointed sole agents.

Entrance Hallway
Double glazed opaque door leading into the entrance hallway, the entrance hallway features a radiator, loft hatch access, built in overhead storage cupboards and laid to carpet.

Living Room 3.33m x 3.03m (10'11" x 9'11")
Large set of double doors leading through into the conservatory (described later), feature fireplace and laid to carpet.

Conservatory 2.56m x 2.85m (8'5" x 9'4")
Built to a brick base, double glazed windows to each aspect, polycarbonate roof, radiator and laid to carpet.

Bedroom One 3.43m x 3.36m (11'3" x 11'0")
Large double glazed bay window to the front aspect with outstanding views of the South Downs and radiator.

Bedroom Two 2.95m x 3.33m (9'8" x 10'11")
Double glazed window to the front aspect with views over the South Downs, radiator and laid to carpet.

Shower Room
Opaque double glazed window to the rear aspect, low level w/c, heated towel rail, wash basin with cupboard beneath, vinyl flooring, large double width shower enclosure with Triton electric shower over.

Kitchen 3.14m x 4.27m (10'4" x 14'0")
Dual aspect with double glazed windows to the rear and side aspect, wall mounted Worcester Bosch boiler, radiator and vinyl flooring. Fitted kitchen consists of a range of matching wall and base mounted units with work surfaces over and a tiled splash back, space and plumbing for washing machine, space for range style cooker with extractor over, space for freestanding fridge freezer, space and plumbing for slimline dishwasher and inset stainless steel sink with side drainer and mixer tap.

Outside

Driveway
Large heringbone block paved driveway providing off road parking for several vehicles which leads too:

Detached Garage 4.19m x 6.31m (13'9" x 20'8")
Light and power internally, with an up and over door, pedestrian side door and window to the rear.

Gardens
The gardens at the property are a particular feature which wrap around the side and rear. Predominantly laid to lawn enclosed by close board timber fencing, mature borders and mature trees.

Agents Notes
EPC Rating : D Council Tax Band: C

Agent Details

Move Sussex, Eastbourne

01323 401851

Next Steps?

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