Ground Floor Flat, Steyning Avenue, Peacehaven, East Sussex

PEACEHAVEN PROPERTY INVESTMENT

Harringtons Sales are delighted to offer this freehold block of two three-bedroom flats for sale in Peacehaven, providing an excellent opportunity for buy-to-let landlords and property investors looking for an established, income-producing residential investment close to Brighton.

Situated on Steyning Avenue, Peacehaven, the property comprises two self-contained three-bedroom flats arranged over the ground and first floors.

Both flats are currently let at £1,600 per calendar month each, generating a combined rental income of £3,200 pcm / £38,400 per annum.

With the block being offered for sale at £400,000, the current rental income represents an approximate gross rental yield of 9.6%.

This established tenanted investment property in Peacehaven offers Two Three bedroom flats, two en-suite shower rooms, generous living accommodation and outside space, making it an attractive addition to an existing property portfolio.

GROUND FLOOR THREE-BEDROOM FLAT

The spacious ground floor flat offers three double bedrooms, including a principal bedroom benefiting from its own en-suite shower room with WC.

A separate main bathroom serves the remaining bedrooms.

The heart of the flat is the generous open-plan kitchen, lounge and dining area, creating a versatile living space.

French doors open directly onto a good-sized private rear garden, incorporating both patio and lawn areas.

The ground floor flat is currently let at £1,600 per calendar month.

Room Sizes:
Hallway: 22’8” x 3’0” (6.92 x 0.92 M)
Bathroom: 5’0” x 6’3” (1.54 x 1.91 M)
Living Area/Kitchen: 14’4” x 24’7” (4.39 x 7.50 M)
Bedroom 1: 8’10” x 10’5” (2.70 x 3.19 M)
Bedroom 2: 9’4” x 12’5” (2.86 x 3.80 M)
Bathroom Ensuite: 4’10” x 6’1” (1.49 x 1.87 M)
Bedroom 3: 9’2” x 12’3” (2.81 x 3.74 M)

EPC RATING: D55
PARKING: On street
COUNCIL TAX BAND: A

FIRST FLOOR THREE-BEDROOM FLAT

The first floor flat provides similarly generous accommodation and comprises three double bedrooms.

One bedroom benefits from a private en-suite shower room with WC, while a separate main shower room serves the remaining accommodation.

There is a spacious open-plan kitchen and living area, together with a front-facing balcony providing additional outside space. The property also benefits from a private rear garden, offering further valuable outdoor space.

The first floor flat is also currently let at £1,600 per calendar month.

Room Sizes:
Hallway: 24’10” x 3’9” (7.57 x 1.16 M)
Bathroom: 5’5” x 5’11” (1.67 x 1.81 M)
Bedroom 1: 8’10” x 10’2” (2.70 x 3.11 M)
Kitchen/Living Area: 14’7” x 13’5” (4.45 x 4.09M)
Bedroom 2: 9’3” x 11’6” (2.83 x 3.51 M)
Bathroom Ensuite: 5’4” x 5’10” (1.65 x 1.78 M)
Balcony: 4’10” x 3’3” (1.49 x 1.00 M)
Bedroom 3: 9’2” x 12’9” (2.80 x 3.90 M)

EPC RATING: D55
PARKING: On street
COUNCIL TAX BAND: A

BUY-TO-LET INVESTMENT

For investors searching for a high-yielding property investment in Peacehaven, the block currently provides:

Ground Floor Flat Rental: £1,600 pcm
First Floor Flat Rental: £1,600 pcm
Combined Monthly Rental Income: £3,200 pcm
Combined Annual Rental Income: £38,400
Asking Price: £400,000
Approximate Gross Rental Yield: 9.6%

The combination of two established rental units being sold together, strong existing rental income and a coastal location within easy reach of Brighton makes this an appealing opportunity for landlords looking to expand their buy-to-let property portfolio in East Sussex.

Gross rental yield is calculated using the current annual rental income against the £400,000 asking price. It does not take into account purchasing costs, management fees, maintenance, taxation, finance costs, void periods or other expenditure.

LOCATION – PEACEHAVEN, EAST SUSSEX

Steyning Avenue is a residential road in Peacehaven, conveniently positioned close to the A259 South Coast Road.

Peacehaven occupies a popular coastal location between Brighton & Hove and Newhaven, providing access to the surrounding East Sussex coastline as well as Brighton and the wider South Coast.

The area offers local shops, amenities and bus services, with coastal routes providing connections towards Brighton, Rottingdean, Saltdean, Newhaven, Seaford and Eastbourne.
The seafront and cliff-top walks are also within easy reach, adding to Peacehaven's appeal as a residential location.

INVESTMENT PROPERTY FOR SALE NEAR BRIGHTON

Offering two self-contained three-bedroom flats in total, £38,400 per annum in existing rental income and an approximate 9.6% gross yield, this is a rare opportunity to acquire an established block of flats and buy-to-let investment on the East Sussex coast.

Offers in excess of £400,000

Harringtons Sales strongly recommend early viewing to appreciate the accommodation and investment potential on offer. Contact our sales team for further information regarding the existing tenancies, rental income or to arrange a viewing.

Capitals Money Laundering regulations: intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order for no delay in agreeing the sale.

General: while we endeavour to make ourselves particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which a particular is imported to you please contact us and we are pleased to check the position for you.

The measurements are indicated with guidance only and must considered incorrect.

Services: please note we have not tested the services or any equipment or appliances in this property. Accordingly we strongly advise prospective purchasers to commission their own survey or service reports before finalising their purchase.

These particulars are issues in good faith but do not contribute representations of fact or form part of any offer or contract. The matter is referred in these particulars should be independently verified by prospective buyers or tenants, neither Harringtons Lettings or any of its employees or agents as any authority to make or give any representation or warranty whatever in relation to this property.