2 Bed Terraced House, Refurb/BRRR, Peacehaven, BN10 8TY, £250,000

Downland Avenue, Peacehaven, East Sussex, BN10 8TY - 16 days ago

Refurb/BRRR
ROI: 2%
~68 m²
+8 photos

ValuationUndervalued

Sold Prices£220K - £455K
Sold Prices/m²£3.4K/m² - £7.4K/m²

 

 

Square Metres

~68.11 m²
Price/m²£3.7K/m²

Value Estimate

£257,500
BMV3%

 

 

End Value (After Refurb)

£276,446

Uplift in Value

+11%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£62,500

Stamp Duty & Legal Fees

£13,700

Refurb Costs

£32,225

Bridging Loan Interest

£6,563

Total Cash In

£116,737

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£276,446

Mortgage (After Refinance)

£207,334

Mortgage LTV

75%

Cash Released

£19,834

Cash Left In

£96,903

Equity

£69,111

Rent Range

£975 - £1,650

Rent Estimate

£1,316

Running Costs/mo

£1,147

Cashflow/mo

£169

Cashflow/yr

£2,027

ROI

2%

Gross Yield

6%

Local Sold Prices

50 sold prices from £220K to £455K, average is £305K. £3.4K/m² to £7.4K/m², average is £4.5K/m².

PriceDateDistanceAddressBeds 
£310K10/210.1 mi11, Cissbury Avenue, Peacehaven, East Sussex BN10 8TJ2
£320K04/210.1 mi32a, Cissbury Avenue, Peacehaven, East Sussex BN10 8TN2
£275K08/220.11 mi8, Cliff Park Close, Peacehaven, East Sussex BN10 8TR2
£260K09/210.12 mi21, Roundhay Avenue, Peacehaven, East Sussex BN10 8TG2
£220K06/210.18 mi6, Montreal Close, Peacehaven, East Sussex BN10 8FG2
£262K10/220.18 mi12, Montreal Close, Peacehaven, East Sussex BN10 8FG2
£364.5K03/230.19 mi20, Searle Avenue, Peacehaven, East Sussex BN10 8TB2
£280K10/220.2 mi45, Cornwall Avenue, Peacehaven, East Sussex BN10 8SG2
£349.9K08/230.21 mi37, Cornwall Avenue, Peacehaven, East Sussex BN10 8SG2
£282K10/200.27 mi42a, Seaview Avenue, Peacehaven, East Sussex BN10 8SA2
£275K06/210.28 mi48, South Coast Road, Peacehaven, East Sussex BN10 8SH2
£295K02/210.35 mi41, Arundel Road, Peacehaven, East Sussex BN10 8RS2
£346K03/230.36 mi5, Cornwall Avenue, Peacehaven, East Sussex BN10 8PT2
£350K05/210.36 mi15, Cornwall Avenue, Peacehaven, East Sussex BN10 8PT2
£286K04/210.36 mi12, Cornwall Avenue, Peacehaven, East Sussex BN10 8PT2
£380K07/230.37 mi39, Vernon Avenue, Peacehaven, East Sussex BN10 8RT2
£349.9K06/210.39 mi30, Sunview Avenue, Peacehaven, East Sussex BN10 8RR2
£340K08/210.4 mi21, Seaview Avenue, Peacehaven, East Sussex BN10 8PP2
£268K03/210.42 mi7, Piddinghoe Close, Peacehaven, East Sussex BN10 8RH2
£360K06/210.42 mi5, Southdown Avenue, Peacehaven, East Sussex BN10 8PN2
£372.5K11/210.44 mi34, Gladys Avenue, Peacehaven, East Sussex BN10 8RN2
£351K09/230.45 mi6, Vernon Avenue, Peacehaven, East Sussex BN10 8PL2
£355K11/220.47 mi22, Sunview Avenue, Peacehaven, East Sussex BN10 8PJ2
£365K03/230.47 mi107, South Coast Road, Peacehaven, East Sussex BN10 8QU2
£232.5K03/210.48 mi54, Flint Way, Peacehaven, East Sussex BN10 8GN2
£256K06/210.48 mi26, Flint Way, Peacehaven, East Sussex BN10 8GN2
£455K01/230.49 mi48, Piddinghoe Avenue, Peacehaven, East Sussex BN10 8RJ2
£319K05/210.49 mi102, Arundel Road, Peacehaven, East Sussex BN10 8RG2
£330K03/210.49 mi107, South Coast Road, Peacehaven, East Sussex BN10 8QU2
£325K04/210.52 mi10, Gladys Avenue, Peacehaven, East Sussex BN10 8PG2
£273K06/210.57 mi54, Slindon Avenue, Peacehaven, East Sussex BN10 8ET2
£310K06/210.58 mi20, Mayfield Avenue, Peacehaven, East Sussex BN10 8PB2
£305K12/230.59 mi91, Arundel Road, Peacehaven, East Sussex BN10 8EY2
£244.5K01/210.61 mi31a, The Fairway, Newhaven, East Sussex BN9 9XX2
£305.5K09/230.62 mi9, Brazen Close, Newhaven, East Sussex BN9 9XZ2
£300K06/230.62 mi5, Brazen Close, Newhaven, East Sussex BN9 9XZ2
£267.5K11/200.63 mi56, Capel Avenue, Peacehaven, East Sussex BN10 8HD2
£320K03/210.64 mi41, Capel Avenue, Peacehaven, East Sussex BN10 8HB2
£340K12/220.64 mi20, Slindon Avenue, Peacehaven, East Sussex BN10 8NJ2
£272.5K10/220.77 mi5, Southdown Close, Newhaven, East Sussex BN9 9JQ2
£275K12/220.78 mi3, Hazel Close, Newhaven, East Sussex BN9 9XU2
£316K11/210.78 mi21, Victoria Avenue, Peacehaven, East Sussex BN10 8LX2
£245K11/200.78 mi104, Valley Road, Newhaven, East Sussex BN9 9XD2
£280K06/210.78 mi9, Bramber Close, Peacehaven, East Sussex BN10 8DH2
£258K10/220.79 mi74, Northdown Road, Newhaven, East Sussex BN9 9JE2
£289.9K10/200.82 mi4a, View Road, Peacehaven, East Sussex BN10 8DE2
£264K05/230.82 mi20, Southdown Road, Newhaven, East Sussex BN9 9JH2
£263K11/210.82 mi1, Lapierre Road, Newhaven, East Sussex BN9 9XN2
£309.5K07/230.82 mi8, Lapierre Road, Newhaven, East Sussex BN9 9XN2
£305K02/230.84 mi7, Jason Close, Peacehaven, East Sussex BN10 8JZ2

Local Rents

14 rents from £975/mo to £1.6K/mo, average is £1.4K/mo.

RentDateDistanceAddressBeds 
£97512/240.12 mi-2
£1,40009/240.14 mi-2
£1,65012/240.14 miSouth Coast Road, Telscombe Cliffs, Peacehaven2
£1,30012/240.22 mi16 South Coast Road, Peacehaven, BN102
£1,20012/240.25 miWestview Close, Peacehaven2
£1,20012/240.26 miSouth Coast Road, BN102
£1,35012/240.26 mi-2
£1,05012/240.36 miSouth Coast Road, Peacehaven2
£1,30002/250.37 mi-2
£1,39502/250.53 mi-2
£1,35012/240.57 miKeymer Avenue, Peacehaven, BN10 8EX2
£1,40012/240.58 mi-2
£1,40001/250.58 mi-2
£1,45012/240.6 miSouth Coast Road, Peacehaven2

Local Area Statistics

Population in BN10

18,563

Population in Peacehaven

18,566

Town centre distance

1.03 miles away

Nearest school

0.70 miles away

Nearest train station

1.50 miles away

 

 

Rental growth (12m)

+12%

Sales demand

Seller's market

Capital growth (5yrs)

+20%

Property History

Listed for £250,000

March 19, 2025

Description

  • Close to bus links to Brighton and Eastbourne +
  • No onward chain +
  • Ideal for first time buyers, in need of modernisation +
  • Close to countryside walks and local parks +

This terraced house is nestled between the beach and southdowns. There is potential to improve this home (Subject to the necessary planning consents) and is ideal for first time buyers looking to get their foot in the door.  
Please refer to the footnote regarding the services and appliances.

Room sizes:

  • Hallway
  • Lounge/diner: 15'2 x 8'6 (4.63m x 2.59m)
  • Kitchen: 15'6 x 9'1 (4.73m x 2.77m)
  • Separate toilet
  • Landing
  • Bedroom 1: 13'2 x 8'5 (4.02m x 2.57m)
  • Bedroom 2: 9'6 x 8'5 (2.90m x 2.57m) plus 7'0 x 6'1 (2.14m x 1.86m)
  • Family bathroom
  • Front and rear gardens  
    The information provided about this property does not constitute or form part of an offer or contract, nor may it be regarded as representations. All interested parties must verify accuracy and your solicitor must verify tenure/lease information, fixtures & fittings and, where the property has been extended/converted, planning/building regulation consents. All dimensions are approximate and quoted for guidance only as are floor plans which are not to scale and their accuracy cannot be confirmed. Reference to appliances and/or services does not imply that they are necessarily in working order or fit for the purpose.
     
    We are pleased to offer our customers a range of additional services to help them with moving home. None of these services are obligatory and you are free to use service providers of your choice. Current regulations require all estate agents to inform their customers of the fees they earn for recommending third party services. If you choose to use a service provider recommended by Cubitt & West, details of all referral fees can be found at the link below. If you decide to use any of our services, please be assured that this will not increase the fees you pay to our service providers, which remain as quoted directly to you.

Agent Details

Cubitt & West, Peacehaven

01273 109697

Next Steps?

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