2 Bed Terraced House, Single Let, Peacehaven, BN10 8TY, £250,000

33, Downland Avenue, Peacehaven, BN10 8TY - 15 days ago

BTL
ROI: 2%
77 m²
+17 photos

ValuationUndervalued

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

 

 

Square Metres

77 m²
Price/m²£3.2K/m²

Value Estimate

£307,500
BMV23%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£62,500

Stamp Duty & Legal Fees

£13,700

Total Cash In

£76,200

 

 

Cash Out

 

Rent Range

£975 - £1,650

Rent Estimate

£1,125

Running Costs/mo

£1,026

Cashflow/mo

£99

Cashflow/yr

£1,185

ROI

2%

Gross Yield

5%

Local Sold Prices

50 sold prices from £220K to £455K, average is £302.5K. £3.4K/m² to £7.4K/m², average is £4.5K/m².

PriceDateDistanceAddressBeds 
£275K08/220.11 mi8, Cliff Park Close, Peacehaven, East Sussex BN10 8TR2
£310K10/210.12 mi11, Cissbury Avenue, Peacehaven, East Sussex BN10 8TJ2
£320K04/210.12 mi32a, Cissbury Avenue, Peacehaven, East Sussex BN10 8TN2
£260K09/210.13 mi21, Roundhay Avenue, Peacehaven, East Sussex BN10 8TG2
£220K06/210.2 mi6, Montreal Close, Peacehaven, East Sussex BN10 8FG2
£262K10/220.2 mi12, Montreal Close, Peacehaven, East Sussex BN10 8FG2
£364.5K03/230.21 mi20, Searle Avenue, Peacehaven, East Sussex BN10 8TB2
£280K10/220.22 mi45, Cornwall Avenue, Peacehaven, East Sussex BN10 8SG2
£349.9K08/230.23 mi37, Cornwall Avenue, Peacehaven, East Sussex BN10 8SG2
£282K10/200.29 mi42a, Seaview Avenue, Peacehaven, East Sussex BN10 8SA2
£275K06/210.3 mi48, South Coast Road, Peacehaven, East Sussex BN10 8SH2
£346K03/230.37 mi5, Cornwall Avenue, Peacehaven, East Sussex BN10 8PT2
£350K05/210.37 mi15, Cornwall Avenue, Peacehaven, East Sussex BN10 8PT2
£286K04/210.37 mi12, Cornwall Avenue, Peacehaven, East Sussex BN10 8PT2
£295K02/210.37 mi41, Arundel Road, Peacehaven, East Sussex BN10 8RS2
£380K07/230.39 mi39, Vernon Avenue, Peacehaven, East Sussex BN10 8RT2
£349.9K06/210.41 mi30, Sunview Avenue, Peacehaven, East Sussex BN10 8RR2
£340K08/210.42 mi21, Seaview Avenue, Peacehaven, East Sussex BN10 8PP2
£268K03/210.44 mi7, Piddinghoe Close, Peacehaven, East Sussex BN10 8RH2
£360K06/210.44 mi5, Southdown Avenue, Peacehaven, East Sussex BN10 8PN2
£372.5K11/210.47 mi34, Gladys Avenue, Peacehaven, East Sussex BN10 8RN2
£351K09/230.47 mi6, Vernon Avenue, Peacehaven, East Sussex BN10 8PL2
£355K11/220.49 mi22, Sunview Avenue, Peacehaven, East Sussex BN10 8PJ2
£365K03/230.5 mi107, South Coast Road, Peacehaven, East Sussex BN10 8QU2
£232.5K03/210.5 mi54, Flint Way, Peacehaven, East Sussex BN10 8GN2
£256K06/210.5 mi26, Flint Way, Peacehaven, East Sussex BN10 8GN2
£455K01/230.51 mi48, Piddinghoe Avenue, Peacehaven, East Sussex BN10 8RJ2
£330K03/210.52 mi107, South Coast Road, Peacehaven, East Sussex BN10 8QU2
£319K05/210.52 mi102, Arundel Road, Peacehaven, East Sussex BN10 8RG2
£325K04/210.54 mi10, Gladys Avenue, Peacehaven, East Sussex BN10 8PG2
£244.5K01/210.59 mi31a, The Fairway, Newhaven, East Sussex BN9 9XX2
£273K06/210.59 mi54, Slindon Avenue, Peacehaven, East Sussex BN10 8ET2
£305.5K09/230.6 mi9, Brazen Close, Newhaven, East Sussex BN9 9XZ2
£300K06/230.6 mi5, Brazen Close, Newhaven, East Sussex BN9 9XZ2
£310K06/210.6 mi20, Mayfield Avenue, Peacehaven, East Sussex BN10 8PB2
£305K12/230.62 mi91, Arundel Road, Peacehaven, East Sussex BN10 8EY2
£267.5K11/200.65 mi56, Capel Avenue, Peacehaven, East Sussex BN10 8HD2
£320K03/210.66 mi41, Capel Avenue, Peacehaven, East Sussex BN10 8HB2
£340K12/220.66 mi20, Slindon Avenue, Peacehaven, East Sussex BN10 8NJ2
£272.5K10/220.74 mi5, Southdown Close, Newhaven, East Sussex BN9 9JQ2
£275K12/220.75 mi3, Hazel Close, Newhaven, East Sussex BN9 9XU2
£245K11/200.76 mi104, Valley Road, Newhaven, East Sussex BN9 9XD2
£258K10/220.76 mi74, Northdown Road, Newhaven, East Sussex BN9 9JE2
£316K11/210.8 mi21, Victoria Avenue, Peacehaven, East Sussex BN10 8LX2
£264K05/230.8 mi20, Southdown Road, Newhaven, East Sussex BN9 9JH2
£263K11/210.8 mi1, Lapierre Road, Newhaven, East Sussex BN9 9XN2
£309.5K07/230.8 mi8, Lapierre Road, Newhaven, East Sussex BN9 9XN2
£280K06/210.8 mi9, Bramber Close, Peacehaven, East Sussex BN10 8DH2
£245K05/210.82 mi6, Harbour View Road, Newhaven, East Sussex BN9 9TT2
£289.9K10/200.84 mi4a, View Road, Peacehaven, East Sussex BN10 8DE2

Local Rents

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

RentDateDistanceAddressBeds 
£97512/240.11 mi-2
£1,65012/240.13 miSouth Coast Road, Telscombe Cliffs, Peacehaven2
£1,40009/240.13 mi-2
£1,30012/240.22 mi16 South Coast Road, Peacehaven, BN102
£1,20012/240.25 miSouth Coast Road, BN102
£1,20012/240.27 miWestview Close, Peacehaven2
£1,35012/240.28 mi-2
£1,05012/240.38 miSouth Coast Road, Peacehaven2
£1,30002/250.39 mi-2
£1,39502/250.55 mi-2
£1,35012/240.59 miKeymer Avenue, Peacehaven, BN10 8EX2
£1,40012/240.6 mi-2
£1,40001/250.6 mi-2

Local Area Statistics

Population in BN10

18,563

Population in Peacehaven

18,566

Town centre distance

1.05 miles away

Nearest school

0.70 miles away

Nearest train station

1.48 miles away

 

 

Rental growth (12m)

+12%

Sales demand

Seller's market

Capital growth (5yrs)

+20%

Property History

Listed for £250,000

March 20, 2025

Floor Plans

Description

Calling all First time or Investment Buyers! If you are a first time or investment buyer, grab this fantastic chance to acquire this ideal starter/investment property which is situated in this convenient location. The position is ideal, a short walk will take you to a local convenience store as well as the South Coast Road with its frequent bus service between Brighton and Eastbourne. A little further afield you will find open fields, countryside walks, the cliff top promenade and access to the beach. This is the ideal spot to raise your growing family.
The front door welcomes you into the entrance hall where storage options are to hand and a door leads into the lounge. This lies to the rear of the property and here you will find space for your soft furnishings and associated furniture alongside a window which overlooks the rear garden. A door to the rear accesses the lean-to/conservatory which although needs some attention will be a pleasant spot to sit and take in a view of the rear garden. The re-fitted kitchen/dining room lies to the front of the property and here you will find plenty of cupboards for storage alongside ample work surface and space for all your normal appliances. There is also space for a table and chairs alongside a window which overlooks the front garden Lastly a handy cloakroom/wc is found on the ground floor. The first floor comprises of two bedrooms with one lying to the front with the remaining located at the rear. The bedroom to the rear enjoys an open aspect with views towards downland. Both bedrooms are serviced by the bathroom/wc which incorporates a bath, wc and basin.
Externally you will find a low maintenance front garden with nearby communal parking areas alongside unrestricted on street parking. The rear garden offers a low maintenance area but with a little thought and could easily be turned into your own small private green oasis. This really is a great property and with no chain means a quick move could be on the cards.

Agent Details

Phillip Mann Estate Agents, Peacehaven

01273 109732

Next Steps?

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