2 Bed Flat, Single Let, Polegate, BN26 5AG, £175,000

Walnut Walk, Polegate, BN26 5AG - 3 views - a month ago

BTL

ROI: 8%

~68 m²

+10 photos

ValuationUndervalued

Sold Prices	£149.9K - £295K
Sold Prices/m²	£2.5K/m² - £3.8K/m²

Square Metres	~68.11 m²
Price/m²	£2.6K/m²
Value Estimate	£196,077£196,077
BMV	12%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£43,750£43,750
Stamp Duty & Legal Fees	£9,950£9,950
Total Cash In	£53,700£53,700

Cash Out
Rent Range	£975 - £1,530£975 - £1,530
Rent Estimate	£1,163
Running Costs/mo	£799£799
Cashflow/mo	£364£364
Cashflow/yr	£4,362£4,362
ROI	8%8%
Gross Yield	8%8%

Local Sold Prices

28 sold prices from £149.9K to £295K, average is £184.9K. £2.5K/m² to £3.8K/m², average is £2.9K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£183K	02/23	0.05 mi	Flat 15, Hawthorn Court, Black Path, Polegate, East Sussex BN26 5BB	-	-	2	Flat
£185K	12/23	0.05 mi	Flat 5, Hawthorn Court, Black Path, Polegate, East Sussex BN26 5BB	-	-	2	Flat
£170.5K	10/22	0.05 mi	Flat 2, Hawthorn Court, Black Path, Polegate, East Sussex BN26 5BB	-	-	2	Flat
£165K	05/22	0.1 mi	8a, Gilda Crescent, Polegate, East Sussex BN26 6AN	£3,093	53	2	Flat
£190K	06/23	0.2 mi	47, Brook Street, Polegate, East Sussex BN26 6BH	£2,500	76	2	Flat
£157K	04/22	0.21 mi	Flat 8, Chiltern Court, Albert Road, Polegate, East Sussex BN26 6BS	-	-	2	Flat
£200K	09/23	0.27 mi	Flat 6, Chiltern Court, Albert Road, Polegate, East Sussex BN26 6BS	£3,509	57	2	Flat
£268K	01/21	0.3 mi	12, Spurway Park, Polegate, East Sussex BN26 5DQ	£3,775	71	2	Flat
£155K	02/23	0.41 mi	Flat 52, Guardian Court, Brookside Avenue, Polegate, East Sussex BN26 6DW	-	-	2	Flat
£149.9K	04/21	0.41 mi	Flat 50, Guardian Court, Brookside Avenue, Polegate, East Sussex BN26 6DW	-	-	2	Flat
£159.3K	11/22	0.44 mi	Flat 4, Guardian Court, Brookside Avenue, Polegate, East Sussex BN26 6DW	-	-	2	Flat
£187K	10/22	0.48 mi	3, Lynholm Road, Polegate, East Sussex BN26 6JW	-	-	2	Flat
£155K	04/23	0.48 mi	1a, Lynholm Road, Polegate, East Sussex BN26 6JW	-	-	2	Flat
£184.9K	12/20	0.5 mi	34, The Millrace, Polegate, East Sussex BN26 5LP	£2,605	71	2	Flat
£184.9K	12/20	0.5 mi	34, The Millrace, Polegate, East Sussex BN26 5LP	£2,605	71	2	Flat
£184.9K	12/20	0.5 mi	34, The Millrace, Polegate, East Sussex BN26 5LP	£2,605	71	2	Flat
£295K	07/21	0.51 mi	7, Croft Close, Polegate, East Sussex BN26 5LE	-	-	2	Flat
£190K	05/21	0.75 mi	8, Kensington Way, Polegate, East Sussex BN26 6FJ	£2,879	66	2	Flat
£190K	04/21	0.75 mi	88, Kensington Way, Polegate, East Sussex BN26 6FJ	£2,923	65	2	Flat
£183K	06/21	0.75 mi	32, Kensington Way, Polegate, East Sussex BN26 6FJ	£2,815	65	2	Flat
£188K	09/21	0.75 mi	30, Kensington Way, Polegate, East Sussex BN26 6FJ	£2,848	66	2	Flat
£200K	04/22	0.75 mi	104, Kensington Way, Polegate, East Sussex BN26 6FJ	£3,175	63	2	Flat
£235K	02/23	0.84 mi	21, Willingdon Court, Willingdon, Eastbourne, East Sussex BN20 9NH	£3,219	73	2	Flat
£178K	07/23	0.84 mi	22, Willingdon Court, Willingdon, Eastbourne, East Sussex BN20 9NH	-	-	2	Flat
£175K	11/20	0.84 mi	18, Willingdon Court, Willingdon, Eastbourne, East Sussex BN20 9NH	£2,529	69	2	Flat
£182.5K	07/23	0.84 mi	14, Willingdon Court, Willingdon, Eastbourne, East Sussex BN20 9NH	£2,614	70	2	Flat
£185K	01/21	0.94 mi	44d, Wannock Lane, Eastbourne, East Sussex BN20 9SD	£3,136	59	2	Flat
£205K	03/23	0.96 mi	44a, Wannock Lane, Eastbourne, East Sussex BN20 9SD	£3,198	64	2	Flat

Local Rents

14 rents from £975/mo to £1.5K/mo, average is £1.2K/mo.

Rent	Date	Distance	Address	Beds	Type
£1,200	09/24	0.07 mi	-	2	Flat
£1,300	12/24	0.19 mi	-	2	Bungalow
£1,200	03/25	0.2 mi	-	2	Bungalow
£1,100	12/24	0.23 mi	Porters Way, Polegate	2	Flat
£1,395	12/24	0.25 mi	Westfield Close, Polegate, East Sussex	2	Flat
£1,350	03/25	0.26 mi	-	2	Terraced House
£1,300	03/25	0.31 mi	-	2	Bungalow
£1,250	12/24	0.32 mi	-	2	Bungalow
£1,200	12/24	0.33 mi	Victoria Road, Polegate	2	Flat
£1,300	12/24	0.35 mi	Eastern Avenue, Polegate	2	Flat
£1,200	09/24	0.37 mi	-	2	Terraced House
£975	01/25	0.42 mi	-	2	Flat
£1,530	12/24	0.5 mi	-	2	Bungalow
£1,200	12/24	0.52 mi	Farmlands Close, Polegate, East Sussex, BN26	2	Detached House

Local Area Statistics

Population in BN26	11,45111,451
Town centre distance	0.20 miles away0.20 miles away
Nearest school	0.30 miles away0.30 miles away
Nearest train station	0.05 miles away0.05 miles away

Rental growth (12m)	+38%+38%
Sales demand	Balanced marketBalanced market
Capital growth (5yrs)	+19%+19%

Property History

Listed for £175,000

March 12, 2025

Floor Plans

Description

Purpose Built Flat +
2 Bedrooms +
1st Floor +
Recently Modernised +
Close To Polegate Station +
Share Of Freehold +

PRICE GUIDE £175,000 - £195,000 WATCH THE FILM AND 3D TOUR and view EXPERT PHOTOGRAPHY at craneandco.co.uk (ALL PROVIDED FREE FOR ALL OUR SELLERS) This 2 bedroom purpose-built flat truly ticks all the boxes for a wonderful home. Situated on the first floor in a block of just 4 properties, the well designed and practical accommodation is bright and airy and has been recently renovated throughout. Sat within communal gardens, it is self managed with a share of the freehold and as a result has very reasonable outgoings meaning it offers a fantastic balance of quality and value. And it's all just a short distance from Polegate's High Street with Mainline Railway station so whether you’re a first-time buyer, downsizing or looking for a low-maintenance investment, this property is sure to impress. * Annual Service Charge £649 * 936 Years Remaining on Lease * Annual Ground Rent £75 * Information Provided by Seller*

Agent Details

Crane & Co Estate Agents, Hailsham

01323 921857

Next Steps?

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

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