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2 Bed Flat For Sale Compton Street, Eastbourne, BN21

£200,000- Flat

Yield: 5.25%
1 of 13
Yield: 5.25%
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  • Rental Guide: £700 - £875
  • 2 Bedroom(s)
  • Description
  • Street View
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Key Features

  • Stunning Converted Apartment
  • 2 Bedrooms
  • First Floor
  • Lounge/dining Room
  • Fitted Kitchen
  • En-suite Bathroom
  • Shower Room
  • Double Glazing
  • Chain Free
Last Updated: 9th June 2020

Description

A stunning first floor converted apartment in this highly sought after residential area. Within easy access to a range of local shops, amenities and recreational facilities. As well as Eastbourne seafront and mainline railway station. With generous sized accommodation throughout including large living room with floor to ceiling bay window, modern fitted kitchen, two double bedrooms with the master having an en-suite bathroom and additional shower room. Other benefits include gas central heating throughout, a lift from the communal hallway and no forward chain. An internal viewing is considered essential by the vendors sole agents to appreciate everything that this property has to offer and to avoid disappointment.

Entrance - Communal entrance with security entryphone system. Stairs and lift to first floor private entrance door to –

Entrance Hallway - Radiator. Entryphone handset. Electric fuse board.

Lounge/Dining Room - 6.99m x 4.27m (22'11 x 14'17 ) - Radiator. Television point. Telephone point. Double storage cupboard. Double glazed bay window to front aspect.

Fitted Kitchen - 3.05m x 2.46m (10'20 x 8'01 ) - Range of matching fitted wall and base units. Worktop with inset single drainer sink unit with mixer tap.. Integrated electric oven with four ring hob and extractor cooker hood above. Integrated fridge/freezer and dishwasher. Plumbing and space for washing machine. Radiator. Double glazed window to front aspect.

Bedroom 1 - 4.27m x 3.35m (14'59 x 11'54 ) - Radiator. Fitted wardrobe. Double glazed window to side aspect. Door to -

En-Suite Bathroom - Suite comprising panelled bath with mixer tap, shower attachment. Wash hand basin. Low level WC. Extractor fan. Heated towel rail. Tiled floor. Tiled walls.

Bedroom 2 - 3.05m x 3.05m (10'46 x 10'44) - Radiator. Built-in cupboard housing boiler. Double glazed window to rear aspect.

Shower Room - Suite comprising shower cubicle. Wash hand basin. Low level WC. Heated towel rail. Extractor fan. Tiled floor. Tiled walls.

Epc = D. -
Agent Details
Town Property/Town Flats/Town Rentals
15, Cornfield Road, Eastbourne, BN21 4QD
Show Contact Number
01323 412 200

Forecast Score

Based on data and factors which historcally influence property prices this property has an overall score as:

Data Classified:
This property has been partially classified.
4.8

Forecast Report

Our predictive algorithms and data analysts; scan, compare and rank properties by future gains and current returns; helping you pick the perfect investment at a glance.

The following influencers contribute to our score:
  • Historical Data
  • Interest Rates
  • Mortgage Availability
  • Fiscal Policy
  • Recent Sold Prices
  • Housing Demand
  • Benchmarking Performance Against Other Asset Classes

Comparison with local sold prices

There is not enough data available
0

Profitability

Very good rental demand in this area.
Compared to other property investments this gives a very poor return.
0

Interest Rates

Bank of England Base Rate:
0.1%
Current record low interest rates encourage house prices as it encourages people to borrow.
10

Mortgage Availability

Current moderate appetite for banks to lend mortgages will lead to steady house price growth.
5

Fiscal Policy

Stamp Duty:
£6000
9.5

Comparison with other investment alternatives

Investng in this property will give you a slightly better regular return when compared to other conservatve nvestments.
5

Investment Analysis

Annual Rent:
Annual Mortgage Interest:
Annual Costs:

Calculators

These figures are for illustration purposes, please adjust for greater accuracy.
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Legal - YOUR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY DEBT SECURED ON IT.

One&Only Pro are working in partnership with Midland Mortgage Bureau Limited. Midland Mortgage Bureau Limited is an appointed representative of The Right Mortgage Ltd, St Johns Court,70 St Johns Close, Knowle, B93 0NH, which is authorised and regulated by the Financial Conduct Authority. Midland Mortgage Bureau Limited financial Services Register number is 756490. The Right Mortgage Ltd Financial Services Register number is 649443.
Rental Data
2 bedroom properties in close proximity are mostly listed £650 - £875 – 10 recently listed properties were found in that band. However, the highest were £1,100, £1,100, £1,100.

These figures should only be used as a guide, always get a rental assessment from a professional.
This is the potential achievable yield.
Potential Return-on-Cash Invested