2 Bed Bungalow, Single Let, Polegate, BN26 6PN, £290,000

16 Malcolm Gardens, Polegate, East Sussex, BN26 6PN - 8 months ago

Sold STC
BTL
59 m²
+5 photos

ValuationOvervalued

Sold Prices£200K - £375K
Sold Prices/m²£2.8K/m² - £8.5K/m²

 

 

Square Metres

59 m²
Price/m²£4.9K/m²

Value Estimate

£266,078

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£72,500

Stamp Duty & Legal Fees

£11,900

Total Cash In

£84,400

 

 

Cash Out

 

Rent Range

£975 - £1,395

Rent Estimate

£1,109

Running Costs/mo

£1,148

Cashflow/mo

£-39

Cashflow/yr

£-469

Gross Yield

5%

Local Sold Prices

50 sold prices from £200K to £375K, average is £282.5K. £2.8K/m² to £8.5K/m², average is £4.6K/m².

PriceDateDistanceAddressBeds 
£235K03/210.04 mi87, Greenleaf Gardens, Polegate, East Sussex BN26 6PH2
£230K12/200.04 mi81, Greenleaf Gardens, Polegate, East Sussex BN26 6PH2
£250K11/200.05 mi13, Malcolm Gardens, Polegate, East Sussex BN26 6PJ2
£375K03/230.05 mi11, Malcolm Gardens, Polegate, East Sussex BN26 6PJ2
£335K11/220.07 mi7, Mimosa Close, Polegate, East Sussex BN26 6PL2
£288K06/210.07 mi62, Greenleaf Gardens, Polegate, East Sussex BN26 6PQ2
£262.5K04/210.09 mi26, Oakleaf Drive, Polegate, East Sussex BN26 6PY2
£310K08/230.09 mi13, Oakleaf Drive, Polegate, East Sussex BN26 6PA2
£315K03/230.11 mi4, Cresta Close, Polegate, East Sussex BN26 6PG2
£269.5K04/210.11 mi6, Cresta Close, Polegate, East Sussex BN26 6PG2
£290K04/240.11 mi13, Cresta Close, Polegate, East Sussex BN26 6PG2
£310K11/230.12 mi11, Windsor Way, Polegate, East Sussex BN26 6QD2
£330K08/210.14 mi10, Palma Close, Polegate, East Sussex BN26 6QB2
£316K08/230.14 mi3, Palma Close, Polegate, East Sussex BN26 6QB2
£267.5K01/210.14 mi7, Palma Close, Polegate, East Sussex BN26 6QB2
£360K11/230.14 mi21, Sayerland Road, Polegate, East Sussex BN26 6NX2
£238.3K11/200.14 mi3, Oakleaf Drive, Polegate, East Sussex BN26 6NY2
£325K06/210.19 mi30, West Close, Polegate, East Sussex BN26 6EL2
£328K06/210.19 mi15, Sayerland Road, Polegate, East Sussex BN26 6NU2
£255K05/210.2 mi10, Westfield Close, Polegate, East Sussex BN26 6EJ2
£330K08/240.2 mi27, Westfield Close, Polegate, East Sussex BN26 6EJ2
£270.5K10/210.21 mi36, Westfield Close, Polegate, East Sussex BN26 6EJ2
£325K06/210.23 mi16, Westfield Close, Polegate, East Sussex BN26 6EJ2
£287.5K12/220.24 mi20, Station Road, Polegate, East Sussex BN26 6BE2
£302K12/210.24 mi4, West Close, Polegate, East Sussex BN26 6EG2
£280K01/210.24 mi5, West Close, Polegate, East Sussex BN26 6EG2
£320K02/230.25 mi5, West Close, Polegate, East Sussex BN26 6EG2
£253K06/230.25 mi26, Station Road, Polegate, East Sussex BN26 6BE2
£335K01/230.25 mi48, Westfield Close, Polegate, East Sussex BN26 6EJ2
£285K02/240.25 mi31, Station Road, Polegate, East Sussex BN26 6AY2
£265K11/200.26 mi34, Albert Road, Polegate, East Sussex BN26 6BS2
£300K11/220.26 mi30, Albert Road, Polegate, East Sussex BN26 6BS2
£330K04/210.27 mi8a, West Close, Polegate, East Sussex BN26 6EW2
£242K03/210.27 mi48, Western Avenue, Polegate, East Sussex BN26 6EN2
£235K07/210.28 mi81, Hailsham Road, Polegate, East Sussex BN26 6NT2
£225K03/210.29 mi24, Northern Avenue, Polegate, East Sussex BN26 6HQ2
£350K08/240.29 mi10, Northern Avenue, Polegate, East Sussex BN26 6HQ2
£280K06/220.29 mi56, Victoria Road, Polegate, East Sussex BN26 6DA2
£262K03/230.29 mi50, Victoria Road, Polegate, East Sussex BN26 6DA2
£265K02/210.31 mi10, Victoria Close, Polegate, East Sussex BN26 6BZ2
£325K10/230.31 mi57, Brookside Avenue, Polegate, East Sussex BN26 6DH2
£280K11/200.31 mi69, Brookside Avenue, Polegate, East Sussex BN26 6DH2
£290K10/200.31 mi61, Brookside Avenue, Polegate, East Sussex BN26 6DH2
£200K02/210.32 mi24, Western Avenue, Polegate, East Sussex BN26 6EP2
£260K03/240.32 mi4, Victoria Close, Polegate, East Sussex BN26 6BZ2
£305K06/240.32 mi11, Victoria Close, Polegate, East Sussex BN26 6BZ2
£270K04/240.32 mi33, Central Avenue, Polegate, East Sussex BN26 6HA2
£210K10/200.32 mi9, Central Avenue, Polegate, East Sussex BN26 6HA2
£205K08/240.33 mi9, New Road, Polegate, East Sussex BN26 6ER2
£240K07/210.34 mi4, Diplock Close, Polegate, East Sussex BN26 6DN2

Local Rents

12 rents from £975/mo to £1.4K/mo, average is £1.2K/mo.

RentDateDistanceAddressBeds 
£97501/250.17 mi-2
£1,20009/240.22 mi-2
£1,39512/240.23 miWestfield Close, Polegate, East Sussex2
£1,30012/240.24 mi-2
£1,20012/240.25 miVictoria Road, Polegate2
£1,35003/250.34 mi-2
£1,30003/250.37 mi-2
£1,30012/240.38 miEastern Avenue, Polegate2
£1,25012/240.38 mi-2
£1,10012/240.44 miPorters Way, Polegate2
£1,20009/240.49 mi-2
£1,20003/250.55 mi-2

Local Area Statistics

Population in BN26

11,451

Town centre distance

0.31 miles away

Nearest school

0.10 miles away

Nearest train station

0.38 miles away

 

 

Rental growth (12m)

+38%

Sales demand

Balanced market

Capital growth (5yrs)

+19%

Property History

Listed for £290,000

August 30, 2024

Sold for £248,000

2020

Sold for £165,000

2013

Floor Plans

Description

  • TWO BEDROOM SEMI DETACHED BUNGALOW +
  • SOUGHT AFTER POLEGATE LOCATION +
  • TWO DOUBLE BEDROOMS +
  • MODERN KITCHEN +
  • GARDENS TO FRONT AND REAR +
  • DRIVEWAY +
  • EASY ACCESS TO POLEGATE HIGH STREET +
  • CLOSE TO LOCAL SCHOOL AND CUCKOO TRAIL +
  • AN INTERNAL VIEWING IS HIGHLY RECOMMENDED +

This well presented two bedom semi detached bungalow is located in a sought after area of Polegate. GUIDE PRICE £290,000 to £325,000. Offering convenient access to local schools, shops, buses, the mainline railway station, and the Cuckoo Trail. The accommodation comprises an entrance hall, a cozy lounge, a kitchen, two double bedrooms, and a family bathroom. The property also boasts gardens to the front and rear, along with a driveway providing off-road parking. Viewing is highly recommended to appreciate all that this charming bungalow has to offer.

ACCOMMODATION

ENTRANCE HALL
Airing cupboard, storage cupboard, loft hatch, radiator.

KITCHEN
2.72m(8ft11) x 2.63m(8ft7). Double glazed window to rear, double glazed door to side, range of eye level and base units, one and half bowl stainless steel sink with mixer tap, space for appliances, part tiled walls, radiator.

LOUNGE
5.12m(16ft9) x 3.31m(10ft10). Double glazed window to front, radiator.

BEDROOM ONE
3.94m(12ft11) x 3.30m(10ft10). Double glazed window to rear, radiator.

BEDROOM TWO
2.84m(9ft3) x 2.72m(8ft11). Double glazed window to front, radiator.

BATHROOM
Obscure double glazed window to side, white suite comprising low level w.c, pedestal wash basin with mixer tap, panelled bath with mixer tap, shower fitted above bath, part tiled walls, radiator.

FRONT GARDEN
Laid to lawn.

REAR GARDEN
Mainly laid to lawn, patio area, flowers and shrubs, fenced surround, cabin with power and light.

DRIVEWAY
Providing off road parking space.

EPC - C

COUNCIL TAX BAND - C

Agent Details

Move Sussex, Eastbourne

01323 401851

Next Steps?

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