2 Bed Flat, Single Let, Peacehaven, BN10 7QF, £190,000

Balcombe Road, Peacehaven, BN10 7QF - 2 views - 17 days ago

Leasehold
BTL
ROI: 5%
~68 m²

ValuationUndervalued

Sold Prices£130K - £405K
Sold Prices/m²£2.8K/m² - £7.5K/m²

 

 

Square Metres

~68.11 m²
Price/m²£2.8K/m²

Value Estimate

£228,000
BMV20%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£47,500

Stamp Duty & Legal Fees

£10,700

Total Cash In

£58,200

 

 

Cash Out

 

Rent Range

£975 - £2,000

Rent Estimate

£1,041

Running Costs/mo

£822

Cashflow/mo

£219

Cashflow/yr

£2,629

ROI

5%

Gross Yield

7%

Local Sold Prices

26 sold prices from £130K to £405K, average is £221K. £2.8K/m² to £7.5K/m², average is £3.7K/m².

PriceDateDistanceAddressBeds 
£186K11/210.11 mi97a, Roderick Avenue, Peacehaven, East Sussex BN10 8BN2
£230K05/230.41 mi111d, Central Avenue, Telscombe Cliffs, Peacehaven, East Sussex BN10 7NE2
£130K05/210.43 miFlat 3, Duncan House, Collingwood Close, Peacehaven, East Sussex BN10 8BA2
£203.5K06/210.52 miFlat 2, Greenacres, Central Avenue, Telscombe Cliffs, Peacehaven, East Sussex BN10 7LY2
£260K09/220.57 miFlat 9, Central House, Central Avenue, Telscombe Cliffs, Peacehaven, East Sussex BN10 7LJ2
£235K07/210.58 miFlat 2, Central House, Central Avenue, Telscombe Cliffs, Peacehaven, East Sussex BN10 7LJ2
£214K06/210.58 miFlat 9, Central House, Central Avenue, Telscombe Cliffs, Peacehaven, East Sussex BN10 7LJ2
£270K07/230.58 miFlat 2, Central House, Central Avenue, Telscombe Cliffs, Peacehaven, East Sussex BN10 7LJ2
£224K11/210.58 miFlat 5, Central House, Central Avenue, Telscombe Cliffs, Peacehaven, East Sussex BN10 7LJ2
£217.9K05/230.59 mi56, Roundhouse Crescent, Peacehaven, East Sussex BN10 8GL2
£217.9K06/230.59 mi41, Roundhouse Crescent, Peacehaven, East Sussex BN10 8GL2
£300K11/220.66 mi2, Tuscan Court, Telscombe Cliffs, Peacehaven, East Sussex BN10 7HF2
£317K01/210.68 mi29, Piddinghoe Avenue, Peacehaven, East Sussex BN10 8RJ2
£345K05/210.72 mi43, Gladys Avenue, Peacehaven, East Sussex BN10 8RN2
£235K05/210.82 mi62, Westview Close, Peacehaven, East Sussex BN10 8GA2
£225K04/210.96 mi41, Friars Avenue, Peacehaven, East Sussex BN10 8SB2
£255K08/211.29 miFlat 7, Reba Court, Tye Close, Saltdean, Brighton, East Sussex BN2 8DY2
£145K11/211.49 miFlat 42, Homeridge House, Longridge Avenue, Saltdean, Brighton, East Sussex BN2 8RQ2
£169K10/211.49 miFlat 2, Homeridge House, Longridge Avenue, Saltdean, Brighton, East Sussex BN2 8RQ2
£405K11/211.63 mi50, Westfield Avenue South, Saltdean, Brighton, Brighton And Hove BN2 8HT2
£215K09/211.8 mi122a, Lustrells Vale, Saltdean, Brighton, Brighton And Hove BN2 8FB2
£229.9K04/221.94 mi7a, Rose Walk Close, Newhaven, East Sussex BN9 9NL2
£218K04/221.94 mi6, Rose Walk Close, Newhaven, East Sussex BN9 9NL2
£200K11/201.99 miFlat 6, St Lukes Court, Church Hill, Newhaven, East Sussex BN9 9HZ2
£217.9K09/231.99 miFlat 5, St Lukes Court, Church Hill, Newhaven, East Sussex BN9 9HZ2
£185K07/212 mi55, Brighton Road, Newhaven, East Sussex BN9 9NG2

Local Rents

27 rents from £975/mo to £2K/mo, average is £1.4K/mo.

RentDateDistanceAddressBeds 
£1,30003/230.3 mi-2
£1,20012/240.37 miFoxhill, Peacehaven2
£1,10012/240.39 mi-2
£1,45012/240.4 miTrafalgar Close, Peacehaven, BN102
£1,30003/250.49 mi-2
£1,35012/240.51 miKeymer Avenue, Peacehaven, BN10 8EX2
£1,39502/250.57 mi-2
£1,45012/240.62 miSouth Coast Road, Peacehaven2
£1,40012/240.66 mi-2
£1,40001/250.66 mi-2
£1,30012/240.69 miSussex Way, Telscombe Cliffs, BN10 7EX2
£1,10012/240.72 miThe Esplanade, Peacehaven, BN10 7EY2
£1,30002/250.76 mi-2
£1,35012/240.82 mi-2
£1,20012/240.84 miWestview Close, Peacehaven2
£1,20012/240.91 miSouth Coast Road, Peacehaven, BN10 7BE2
£1,05012/240.92 miSouth Coast Road, Peacehaven2
£1,90203/251.04 mi-2
£2,00007/231.04 mi-2
£1,70007/241.04 mi-2
£1,70003/251.04 mi-2
£1,40009/241.07 mi-2
£1,30012/241.14 mi16 South Coast Road, Peacehaven, BN102
£97512/241.14 mi-2
£1,35012/241.17 miOaklands Avenue, Saltdean2
£1,65012/241.19 miSouth Coast Road, Telscombe Cliffs, Peacehaven2
£1,20012/241.23 miSouth Coast Road, BN102

Local Area Statistics

Population in BN10

18,563

Population in Peacehaven

18,566

Town centre distance

0.10 miles away

Nearest school

0.10 miles away

Nearest train station

2.48 miles away

 

 

Rental growth (12m)

+12%

Sales demand

Seller's market

Capital growth (5yrs)

+20%

Property History

Listed for £190,000

March 17, 2025

Floor Plans

Description

  • 2 Bedroom First-Floor Flat +
  • Central Location +
  • Refitted Bathroom +
  • 208 Year Lease +
  • Peppercorn Ground Rent +
  • Modern Kitchen +

SUMMARY
*OPEN DAY 24TH MARCH- CALL TO ARRANGE YOUR APPOINTMENT*
Bright first-floor apartment with 2 bedrooms, modern kitchen/bathroom and a garage. Situated on a popular development in Peacehaven - it's ideal for comfortable living. Call us today to arrange your viewing!

DESCRIPTION
*OPEN DAY 24TH MARCH- CALL TO ARRANGE YOUR APPOINTMENT*
Set in a sought-after development on Balcombe Road, this delightful first-floor apartment offers a bright and airy living space, perfect for comfortable, modern living. With a 208 year lease remaining, this property provides long-term security and peace of mind.
A spacious dual-aspect lounge/dining room creates a welcoming atmosphere, while the well-planned kitchen has been designed for both practicality and style. The modern bathroom has been recently updated, and the property boasts 2 well-sized bedrooms, making it ideal for a range of buyers.
One of the standout features is the garage, offering valuable storage space alongside allocated parking. The apartments light-filled interiors enhance its appeal, making it a warm and inviting home.
Don't miss your change to vie this fantastic property - contact us today to arrange your viewing

Lounge/Dining Room 15' 4" x 12' 10" ( 4.67m x 3.91m )

Kitchen 9' 8" x 8' 4" ( 2.95m x 2.54m )

Bedroom 1 11' 3" x 9' 8" ( 3.43m x 2.95m )

Bedroom 2 11' 3" x 5' 11" ( 3.43m x 1.80m )

Bathroom 6' 8" x 5' 6" ( 2.03m x 1.68m )

Garage 15' 9" x 7' 10" ( 4.80m x 2.39m )

Lease details are currently being compiled. For further information please contact the branch. Please note additional fees could be incurred for items such as leasehold packs.

1. MONEY LAUNDERING REGULATIONS: Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2. General: While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.
3. The measurements indicated are supplied for guidance only and as such must be considered incorrect.
4. Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.
5. THESE PARTICULARS ARE ISSUED IN GOOD FAITH BUT DO NOT CONSTITUTE REPRESENTATIONS OF FACT OR FORM PART OF ANY OFFER OR CONTRACT. THE MATTERS REFERRED TO IN THESE PARTICULARS SHOULD BE INDEPENDENTLY VERIFIED BY PROSPECTIVE BUYERS OR TENANTS. NEITHER SEQUENCE (UK) LIMITED NOR ANY OF ITS EMPLOYEES OR AGENTS HAS ANY AUTHORITY TO MAKE OR GIVE ANY REPRESENTATION OR WARRANTY WHATEVER IN RELATION TO THIS PROPERTY.

Agent Details

Fox & Sons, Peacehaven

01273 109881

Next Steps?

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