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Greenhill Way, Peacehaven

South East

£200,000
Listed on 17/02/2024

Property Details

Bedrooms
N/A
Type
Detached house

Description

This unique parcel of land presents an excellent opportunity for renovation or development, as it comes with full planning permission to construct a two to three-bedroom detached bungalow. Envision a thoughtfully designed residence that features an expansive open-plan living area integrated with the kitchen, designed to be bathed in natural light throughout the day thanks to its south-facing orientation. The proposed layout includes two spacious double bedrooms and a versatile third room suitable for use as a study or additional bedroom. The master bedroom benefits from an en-suite bathroom, while a family bathroom completes the accommodation, ensuring functionality for everyday living. Outside, the property offers ample potential with a south-facing garden ideal for outdoor activities and off-road parking added for convenience. Situated in a prime location, this site is just a short stroll from local amenities including a primary school and shop, along with easy access to public transport options that provide direct routes into Brighton. Additionally, the surrounding area offers scenic open fields and countryside walks, enhancing the appeal of this location. Measuring approximately 360 square meters, this property represents not only an opportunity to create a desirable living space but also serves as a valuable investment potential in an increasingly sought-after area. Full planning details are available on Lewes District Council's Planning website under reference LW/20/0452. For further inquiries or to arrange viewings, please contact our office directly.

Investment Analysis

(BN10 area)
Area Average
£379/sq ft
Avg Rent (weekly)
£328
Avg Yield
4.6%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£150,000 - £250,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
17
Average per month
Market Turnover
16%
Properties sold annually

Local Market Trend (BN10)

Area prices are stable by +1.7% over the last 12 months
3 year growth: -1.9%
5 year growth: 15.4%
Investment Disclaimer: Analysis based on BN10 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

Greenhill Way, Peacehaven
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£733
Based on a loan of £150,000 over 30 years at 4.19% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE