3 Bed House, Single Let, Arundel, BN18 9DN, £390,000

Tarrant Street, Arundel, BN18 9DN - 2 views - 2 years ago

BTL
~93 m²
+8 photos

ValuationUndervalued

Sold Prices£320K - £1.1M
Sold Prices/m²£3.4K/m² - £8.5K/m²

 

 

Square Metres

~93 m²
Price/m²£4.2K/m²

Value Estimate

£483,600
BMV24%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£97,500

Stamp Duty & Legal Fees

£19,900

Total Cash In

£117,400

 

 

Cash Out

 

Rent Range

£775 - £3,000

Rent Estimate

£941

Running Costs/mo

£1,427

Cashflow/mo

£-486

Cashflow/yr

£-5,831

Gross Yield

3%

Local Sold Prices

45 sold prices from £320K to £1.1M, average is £495K. £3.4K/m² to £8.5K/m², average is £5.3K/m².

PriceDateDistanceAddressBeds 
£925K11/220.02 mi52, Tarrant Street, Arundel, West Sussex BN18 9DN3
£650K06/210.02 mi56, Tarrant Street, Arundel, West Sussex BN18 9DN3
£700K05/210.02 mi97, Tarrant Street, Arundel, West Sussex BN18 9DN3
£615K03/210.04 mi75, Maltravers Street, Arundel, West Sussex BN18 9BQ3
£325K06/210.05 mi20, Tarrant Street, Arundel, West Sussex BN18 9DJ3
£510K03/230.06 mi3, Surrey Wharf, Arundel, West Sussex BN18 9DW3
£405K10/220.06 mi2, School Lane, Arundel, West Sussex BN18 9DR3
£500K10/220.08 mi7, Orchard Place, Arundel, West Sussex BN18 9BP3
£700K11/200.09 mi44, Maltravers Street, Arundel, West Sussex BN18 9BU3
£600K06/210.1 mi1a, Brewery Hill, Arundel, West Sussex BN18 9DQ3
£495K03/210.1 mi70, Maltravers Street, Arundel, West Sussex BN18 9DS3
£515K12/200.11 mi8, King Street, Arundel, West Sussex BN18 9BW3
£655K06/210.12 mi19, Nineveh Shipyard, Arundel, West Sussex BN18 9SU3
£470K11/230.12 mi21, Wheelwrights Close, Arundel, West Sussex BN18 9TA3
£482.5K10/230.12 mi2, Wheelwrights Close, Arundel, West Sussex BN18 9TA3
£690K01/210.12 mi1, Nineveh Shipyard, Arundel, West Sussex BN18 9SU3
£890K10/200.13 mi29, Tarrant Street, Arundel, West Sussex BN18 9DG3
£881.1K06/210.14 mi17, Maltravers Street, Arundel, West Sussex BN18 9AP3
£365K06/210.18 mi6, Daltons Place, Arundel, West Sussex BN18 9JU3
£450K08/210.22 mi68, Fitzalan Road, Arundel, West Sussex BN18 9JY3
£350K12/200.22 mi70, Fitzalan Road, Arundel, West Sussex BN18 9JY3
£432K04/210.29 mi17, Ford Road, Arundel, West Sussex BN18 9DX3
£540K12/230.32 mi41, Fitzalan Road, Arundel, West Sussex BN18 9JP3
£480K05/230.34 mi3, Penfolds Place, Arundel, West Sussex BN18 9SA3
£525K02/210.34 miCloud, 9, Penfolds Place, Arundel, West Sussex BN18 9SA3
£351K04/210.35 mi44, Ford Road, Arundel, West Sussex BN18 9EQ3
£432.5K11/220.35 mi26, Ford Road, Arundel, West Sussex BN18 9EQ3
£420K03/210.37 mi11, Woodview, Arundel, West Sussex BN18 9ED3
£440K11/200.42 mi11, Torton Hill Road, Arundel, West Sussex BN18 9HF3
£1.1M11/220.42 mi35a, Torton Hill Road, Arundel, West Sussex BN18 9HF3
£448.5K03/230.42 mi24, Howard Road, Arundel, West Sussex BN18 9EL3
£433K04/210.49 mi1, Priory Road, Arundel, West Sussex BN18 9EJ3
£350K09/220.49 mi26, Pearson Road, Arundel, West Sussex BN18 9HR3
£337.5K06/210.5 mi48, Pearson Road, Arundel, West Sussex BN18 9HR3
£445K11/200.52 mi52, Ford Road, Arundel, West Sussex BN18 9EX3
£320K11/220.53 mi35, Pearson Road, Arundel, West Sussex BN18 9HP3
£349.9K05/210.53 mi13, Pearson Road, Arundel, West Sussex BN18 9HP3
£564K11/220.55 mi76, Ford Road, Arundel, West Sussex BN18 9EX3
£651K09/220.56 mi11, Maxwell Road, Arundel, West Sussex BN18 9EU3
£620K03/210.56 mi11, Maxwell Road, Arundel, West Sussex BN18 9EU3
£687.5K04/210.61 mi46, Torton Hill Road, Arundel, West Sussex BN18 9HH3
£405K04/210.64 mi1, Stewards Rise, Arundel, West Sussex BN18 9ER3
£330K10/220.65 mi36, Dukes Close, Arundel, West Sussex BN18 9JX3
£610K09/220.79 mi1, Oak End, Arundel, West Sussex BN18 9JE3
£645K11/220.85 mi3, Birch Close, Arundel, West Sussex BN18 9HN3

Local Rents

47 rents from £775/mo to £3K/mo, average is £1.4K/mo.

RentDateDistanceAddressBeds 
£99512/240.05 miTarrant Street, Arundel1
£1,55012/240.16 mi-3
£1,60007/240.18 mi-3
£99512/240.18 miHigh Street, Arundel1
£1,20012/240.26 miQueen Street, Arundel2
£1,35012/240.35 mi-3
£2,95012/240.48 miBernard Road, Arundel, West Sussex, BN184
£1,15012/241.09 miChichester Road, Arundel, West Sussex, BN182
£1,59512/241.16 miThe Meadows, Crossbush3
£1,20012/241.22 mi-3
£1,95005/241.22 mi-5
£1,59512/241.22 miCrossbush Lane, Crossbush, Arundel, West Sussex, BN183
£1,67512/241.36 miFord Road, Tortington, Arundel, West Sussex, BN183
£1,75012/241.36 miFontwell Meadows3
£1,67512/241.36 miFontwell4
£2,40012/241.38 miLyminster4
£1,25012/241.43 miChurch Lane, Lyminster, Littlehampton, West Sussex2
£1,35012/241.5 miTortington Lane, Tortington3
£1,25012/241.99 miFalcon Gardens, Littlehampton2
£1,12512/241.99 miArundel Road, Poling, Arundel, West Sussex, BN182
£1,20012/242.02 miLyminster Road2
£1,45012/242.04 miFalcon Gardens, Wick, Littlehampton, West Sussex3
£1,90012/242.05 miErnest Fitches Way, Littlehampton, BN17 7EP4
£1,29512/242.06 miLyminster Road, Wick3
£1,85012/242.08 miBeaton Avenue Wick BN174
£1,20012/242.13 miBlackbourne Chase, Littlehampton, West Sussex2
£1,20012/242.17 miPepper Pot Court, 25 Blackbourne Chase, Littlehampton2
£1,20012/242.17 miKingley Gate, Littlehampton2
£3,00012/242.19 miStation Road, Ford, Arundel, West Sussex, BN183
£1,30003/252.26 mi-3
£1,60003/252.27 mi-4
£1,70012/242.3 mi-4
£1,50012/242.3 mi-4
£1,50012/242.3 mi-4
£1,15003/252.33 mi-2
£1,80012/242.34 miRodney Crescent, Ford, BN18 0DB6
£1,10012/242.36 miButts Mead, Wick, Littlehampton, West Sussex2
£85012/242.38 mi-2
£2,06009/242.39 mi-2
£1,25012/242.39 miElysian Fields, Littlehampton2
£1,37512/242.4 miCheal Way, Littlehampton3
£1,70012/242.41 miHolmes Way, Wick, Littlehampton4
£1,67512/242.42 mi-4
£1,15012/242.42 miStammer Court Littlehampton2
£1,29512/242.43 miGladstone Terrace, Wick, Littlehampton, West Sussex2
£1,65012/242.45 miOlliver Acre, Wick, Littlehampton, West Sussex, BN174
£77512/242.45 miWest Way, Wick1

Local Area Statistics

Population in BN18

13,232

Town centre distance

0.39 miles away

Nearest school

0.30 miles away

Nearest train station

0.64 miles away

 

 

Rental growth (12m)

+10%

Sales demand

Buyer's market

Capital growth (5yrs)

+10%

Property History

Listed for £390,000

March 27, 2023

Floor Plans

Description

  • Unique Period Property +
  • Sitting Room with River Views +
  • Fully Fitted Kitchen +
  • Two Double Bedrooms with Fireplaces +
  • Fitted Bathroom +
  • TV Snug +
  • Character Features +
  • Successful AirBnB +
  • No Onward Chain +

UNIQUE PERIOD HOUSE, formerly a Public House, offered for sale with NO ONWARD CHAIN. Wonderful INVESTMENT OPPORTUNITY.

Formerly a Public House, the Grade II Listed property boasts a wealth of charm and character and is now the perfect balance of period and contemporary features.

Steps lead up to the first floor which comprises the stylish kitchen/breakfast room. This has been fitted with a range of units with wooden surfaces and integrated appliances including a Smeg oven, hob, fridge-freezer and dishwasher. There is a breakfast bar, a feature fireplace with woodburning stove and ample space for table and chairs.

There are two bright and spacious double bedrooms, one of which features a cast iron fireplace, and the other enjoys views of the Cathedral. The modern family bathroom with underfloor heating comprising bath with shower over, hand wash basin & WC.

The third bedroom with exposed beams, wall lights and handy cupboard could be used as a sitting room if preferred.

The modern family bathroom with underfloor heating comprising bath with shower over, hand wash basin & WC.

The lower ground level is currently used as a TV Snug by guests, which is a great get away for cosy movie nights when guest are not out enjoying the restaurants and bars in town. There is also a fitted cupboard with a washing machine.

The property is currently used AirBnb and has achieved £25,000 income in its first year.

The current owners are happy to include all furniture but will be removing personal effects of artwork and books.

Directions - From our office at 8a High Street, proceed Northwards up the High Street and take the first turning left into Tarrant Street. The property will be found toward the end of the road on the right-hand side.

Disclaimer - As the sellers agent we are not surveyors or conveyancing experts and as such we cannot and do not comment on the condition of the property or issues that may affect this property, unless we have been made aware of such matters. Interested parties should employ their own professionals to make such enquiries before making any transactional decisions.

Agent Details

Sims Williams, Arundel

01903 947065

Next Steps?

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