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Chapel Street, BN9

South East

£315,000
Listed on 24/04/2026

Property Details

Bedrooms
2
Type
House
Area
947 sqft

Description

This charming semi-detached cottage, situated conveniently near Newhaven Harbour and the town centre, presents a notable opportunity for renovation and investment. With two bedrooms and an open-plan reception area that comprises both a sitting and dining room, the layout offers spacious accommodation with character features. The property features a generous rear garden with side access, allowing potential for extension or even a small building plot, subject to planning permission. Inside, while some refurbishment is needed to modernize and enhance its appeal, the property's original features—such as sash windows and fireplaces—add to its charm. The location is advantageous for both residential living and rental potential, being within walking distance of transport links. This property is sold with vacant possession, making it an excellent prospect for investors seeking to capitalize on market rental rates in the area.

Investment Analysis

(BN9 area)

Above Market Value

This property is priced +3.3% above area average per sq ft

+3.3%
This Property
£333/sq ft
Area Average
£322/sq ft
Avg Rent (weekly)
£260
Avg Yield
4.1%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £45,000
Target Value
£335,532
10% above area average per sq ft
Potential ROI
-6.8%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
14
Average per month
Market Turnover
14%
Properties sold annually

Local Market Trend (BN9)

Area prices are stable by +1.8% over the last 12 months
3 year growth: -1.2%
5 year growth: +14.1%
Investment Disclaimer: Analysis based on BN9 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

Chapel Street, BN9
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.91%

Current average variable rate is 6.62%

Monthly Repayments
£1,116
Based on a loan of £236,250 over 30 years at 3.91% 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.

Stamp Duty Calculator

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