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Glen Close, Polegate

South East

£395,000
Listed on 10/10/2025

Property Details

Bedrooms
3
Type
Detached house
Area
1214 sqft

Description

Nestled in the sought-after residential area of Wannock, this detached three-bedroom bungalow offers considerable renovation and investment potential. Located near The Triangle shopping precinct, local bus routes, and the mainline station at Polegate, the property is ideally situated for those seeking accessibility to essential amenities and transport links. Additionally, its proximity to the picturesque South Downs National Park and Eastbourne's seafront promenade enhances its appeal for outdoor enthusiasts and families alike. The property's layout is functional yet presents an opportunity for modernisation. It features an entrance hallway leading into a spacious living room that opens to a dining area with garden access. The accommodation includes a master bedroom with an en-suite bathroom, two additional bedrooms, a wet room, a kitchen, and a conservatory that could be redesigned to create an inviting focal point of the home. Outside, you'll find a driveway providing ample parking space along with a detached garage. The rear garden is mature with established trees and shrubs, offering potential for landscaping or expansion of outdoor living spaces. While this property requires some updating, it stands as a blank canvas for those looking to invest in an area with strong growth prospects. Whether you're aiming to create your dream home or looking for an investment opportunity in a desirable location, this bungalow provides the framework to realize your vision. Prospective buyers are encouraged to explore the possibilities this property has to offer while considering their own plans for renovation and personalization.

Investment Analysis

(BN26 area)

Below Market Value

This property is priced -16.9% below area average per sq ft

-16.9%
Potential saving
This Property
£325/sq ft
Area Average
£392/sq ft
Avg Rent (weekly)
£289
Avg Yield
3.9%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £45,000
Target Value
£522,809
10% above area average per sq ft
Potential ROI
+18.8%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
12
Average per month
Market Turnover
16%
Properties sold annually

Local Market Trend (BN26)

Area prices are stable by +1.3% over the last 12 months
3 year growth: -4.1%
5 year growth: 9.3%
Investment Disclaimer: Analysis based on BN26 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

Glen Close, Polegate
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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
£1,447
Based on a loan of £296,250 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