2 Bed Flat, Single Let, Bognor Regis, PO21 2EL, £164,950

Cranford Garens, Bognor Regis, PO21 2EL - 2 years ago

Sold STC
Leasehold
BTL
ROI: 5%
~60 m²
+3 photos

ValuationUndervalued

Sold Prices£70K - £365K
Sold Prices/m²£1.6K/m² - £3.8K/m²

 

 

Square Metres

~60.10 m²
Price/m²£2.7K/m²

Value Estimate

£174,484
BMV6%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£41,238

Stamp Duty & Legal Fees

£6,149

Total Cash In

£47,386

 

 

Cash Out

 

Rent Range

£850 - £1,400

Rent Estimate

£895

Running Costs/mo

£714

Cashflow/mo

£181

Cashflow/yr

£2,172

ROI

5%

Gross Yield

7%

Local Sold Prices

49 sold prices from £70K to £365K, average is £170K. £1.6K/m² to £3.8K/m², average is £2.9K/m².

PriceDateDistanceAddressBeds 
£243.5K02/230.04 miGround Floor Flat, 59, Annandale Avenue, Bognor Regis, West Sussex PO21 2ET2
£115K11/200.04 mi11, Carlingford Court, Bognor Regis, West Sussex PO21 2EN2
£129K03/210.04 mi11, Carlingford Court, Bognor Regis, West Sussex PO21 2EN2
£160K11/200.04 mi12, Carlingford Court, Bognor Regis, West Sussex PO21 2EN2
£200K07/230.04 mi31, Carlingford Court, Bognor Regis, West Sussex PO21 2EN2
£180K12/230.04 mi3, Carlingford Court, Bognor Regis, West Sussex PO21 2EN2
£220K07/210.14 mi45, Annandale Avenue, Bognor Regis, West Sussex PO21 2ES2
£190K07/240.25 miThe Hawthorns, Flat 15, Linden Road, Bognor Regis, West Sussex PO21 2AS2
£170K11/200.26 mi39b, Linden Road, Bognor Regis, West Sussex PO21 2AP2
£192K12/200.3 mi2, Parklands Avenue, Bognor Regis, West Sussex PO21 2BA2
£165K03/210.32 mi8, Highfield Gardens, Bognor Regis, West Sussex PO22 8PA2
£175K02/230.32 mi13, Highfield Gardens, Bognor Regis, West Sussex PO22 8PA2
£97.5K10/200.32 miFlat 2, Orchard Court, Orchard Way, Bognor Regis, West Sussex PO22 9LP2
£152.5K10/220.32 mi21, Highfield Gardens, Bognor Regis, West Sussex PO22 8PA2
£137.5K03/210.36 miFlat 27, Melanies Gardens, Mead Lane, Bognor Regis, West Sussex PO21 1LS2
£135K01/210.38 miFlat 5, Glamis Court, Glamis Street, Bognor Regis, West Sussex PO21 1DR2
£225K12/220.38 mi4 Spencer Terrace, 45, Upper Bognor Road, Bognor Regis, West Sussex PO21 1HS2
£240K04/240.38 mi9 Spencer Terrace, 47, Upper Bognor Road, Bognor Regis, West Sussex PO21 1HS2
£175K11/210.46 miFlat 6, Sutherland Court, Sutherland Close, Bognor Regis, West Sussex PO21 1DX2
£180K09/230.47 mi8, Carousel Court, Bognor Regis, West Sussex PO22 9NB2
£147K10/200.47 mi25, Carousel Court, Bognor Regis, West Sussex PO22 9NB2
£135K03/210.48 mi23, Sudley Gardens, Bognor Regis, West Sussex PO21 1HY2
£160K11/210.48 mi12, Sudley Gardens, Bognor Regis, West Sussex PO21 1HY2
£120K12/220.48 mi15, Sudley Gardens, Bognor Regis, West Sussex PO21 1HY2
£170K02/210.49 miFlat 12, Courtfield House, Hambledon Place, Bognor Regis, West Sussex PO21 2NF2
£176K12/200.5 miFlat 2, Fraser Court, High Street, Bognor Regis, West Sussex PO21 1HG2
£215K01/230.51 mi1, Steyne Street, Bognor Regis, West Sussex PO21 1TJ2
£142.5K05/210.51 miFlat 12, Regis Court, High Street, Bognor Regis, West Sussex PO21 1HZ2
£153K11/200.51 miFlat 18, Regis Court, High Street, Bognor Regis, West Sussex PO21 1HZ2
£223K12/230.52 miFlat 19, Arran Gate, Marian Way, Bognor Regis, West Sussex PO21 1PD2
£160K12/220.52 miFlat 2, Regis Court, High Street, Bognor Regis, West Sussex PO21 1HZ2
£130K12/220.53 miFlat 44, Claremont Court, Campbell Road, Bognor Regis, West Sussex PO21 1HD2
£150K11/210.53 miFlat 70, Seaward Court, West Street, Bognor Regis, West Sussex PO21 1XJ2
£120K12/200.53 miFlat 2, Seaward Court, West Street, Bognor Regis, West Sussex PO21 1XJ2
£127K11/200.53 miFlat 8, Claremont Court, Campbell Road, Bognor Regis, West Sussex PO21 1HD2
£110K09/230.53 miFlat 12, Claremont Court, Campbell Road, Bognor Regis, West Sussex PO21 1HD2
£195K05/230.55 miFlat 9, Witham Court, Westloats Lane, Bognor Regis, West Sussex PO21 5AB2
£152K05/210.56 miFlat 1, Arlington Mews, Scott Street, Bognor Regis, West Sussex PO21 1FE2
£205K09/210.57 miFlat 1, Sabey Court, Albert Road, Bognor Regis, West Sussex PO21 1LU2
£200K12/230.57 miSabey Court, Flat 5, Albert Road, Bognor Regis, West Sussex PO21 1LU2
£230K02/240.57 miSabey Court, Flat 1, Albert Road, Bognor Regis, West Sussex PO21 1LU2
£162K09/230.58 mi6a, Waverley Road, Bognor Regis, West Sussex PO21 5NB2
£365K06/230.59 mi6, Burngreave Court, Bognor Regis, West Sussex PO21 2TZ2
£200K03/210.59 miFlat 2, Mountbatten Court, Belmont Street, Bognor Regis, West Sussex PO21 1JN2
£310K03/230.59 miFlat 71, Mountbatten Court, Belmont Street, Bognor Regis, West Sussex PO21 1JW2
£196K06/210.59 miFlat 57, Mountbatten Court, Belmont Street, Bognor Regis, West Sussex PO21 1JW2
£185K11/200.59 miFlat 56, Mountbatten Court, Belmont Street, Bognor Regis, West Sussex PO21 1JW2
£250K08/230.59 miFlat 76, Mountbatten Court, Belmont Street, Bognor Regis, West Sussex PO21 1JW2
£70K12/200.6 miFlat 42, Sovereign Court, Campbell Road, Bognor Regis, West Sussex PO21 1AH2

Local Rents

52 rents from £850/mo to £1.4K/mo, average is £1.1K/mo.

RentDateDistanceAddressBeds 
£99506/240.04 miOakwood Court, Victoria Drive, Bognor Regis, PO212
£99506/240.04 miCarlingford Court, Bognor Regis2
£1,10006/240.04 miCarlingford Court2
£1,10002/250.05 mi-2
£1,05007/240.15 miLongford Road, Bognor Regis, West Sussex, PO212
£1,05007/240.16 miEssex Road, BOGNOR REGIS2
£1,25007/240.17 miVictoria Drive, Bognor Regis, West Sussex, PO212
£1,15006/240.2 miEssex Road, Bognor Regis, PO212
£97507/240.21 miLongford Road, BOGNOR REGIS2
£97502/250.21 mi-2
£1,30007/240.22 miBognor Regis2
£1,25002/250.25 mi-2
£1,10006/240.25 miHenry Street, Bognor Regis, PO212
£1,40006/240.26 miParkside, Upper Bognor Road, Bognor Regis, PO212
£1,15006/240.26 mi-2
£89507/240.28 miLinden Road, Bognor Regis, PO212
£87506/240.28 mi-2
£89502/250.28 mi-2
£85006/240.28 mi-2
£99512/240.29 mi-2
£1,00002/250.29 mi-2
£1,00007/240.29 miHills Court, Bognor Regis, PO212
£97506/240.31 miRegis House, Richmond Road, Bognor Regis, PO212
£1,15007/240.31 miBersted Street, Bognor Regis, West Sussex, PO222
£1,15007/240.31 mi-2
£1,15007/240.31 mi-2
£1,20008/240.33 miHighfield Gardens, Bognor Regis, West Sussex, PO222
£95007/240.33 miBurnham Avenue, Bognor Regis, PO212
£92502/250.33 mi-2
£1,15007/240.33 miSouthdown Court, Bersted Street, Bognor Regis, PO222
£1,10006/240.34 miBersted Street, BOGNOR REGIS2
£1,15007/240.34 miBersted Street, BOGNOR REGIS2
£1,05007/240.34 miCanada Grove, Bognor Regis, PO212
£1,00006/240.34 miBurnham Avenue, BOGNOR REGIS2
£1,15006/240.37 miMerchant Street, Bognor Regis2
£1,20008/240.39 miMead Lane, Bognor Regis, PO222
£1,20006/240.39 miLyon Street, Bognor Regis2
£1,29508/240.39 miShripney Road, Bognor Regis2
£1,02502/250.42 mi-2
£99506/240.43 miGlamis Street, Bognor Regis, PO212
£92507/240.44 miFitzleet House Queensway BOGNOR REGIS West Sussex2
£97507/240.44 miFitzleet House Queensway BOGNOR REGIS West Sussex2
£1,20007/240.47 miSudley Road, Bognor Regis, West Sussex, PO212
£1,19506/240.48 miSudley Gardens, Bognor Regis2
£1,25007/240.48 miSudley Gardens, Bognor Regis, PO21 1HY2
£1,00006/240.48 miSudley Gardens, Bognor Regis, West Sussex, PO212
£1,09506/240.48 mi-2
£1,09506/240.48 mi-2
£1,30006/240.49 miChestnut Grove, BOGNOR REGIS2
£1,10006/240.5 miLondon Road, Bognor Regis2
£1,20006/240.5 miSteyne Street, Bognor Regis, West Sussex, PO212
£1,27507/240.51 miHigh Street, Bognor Regis2

Local Area Statistics

Population in PO21

39,509

Population in Bognor Regis

68,380

Town centre distance

0.13 miles away

Nearest school

0.30 miles away

Nearest train station

0.26 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+28%

Sales demand

Balanced market

Capital growth (5yrs)

+19%

Property History

Listed for £164,950

August 29, 2023

Floor Plans

Description

  • First Floor Flat +
  • Two Bedrooms +
  • Central Location +
  • Easy Access To Town Centre & Railway Station +
  • Gas Fired Central Heating & UPVC Double Glazing +
  • Bus Services Near by +
  • Ideal First Time Or Investment Purchase +
  • New 125 Year Lease Being Created In Readiness For The Completed Sale +
  • Council Tax Band B +
  • Viewing Recommended +

The property benefits from GAS FIRED CENTRAL HEATING, together with UPVC double glazing and would make an ideal purchase for first time or investment buyers.

The historic centres of Chichester and Arundel are some eight and nine miles respectively, offering a wider range of amenities for shopping, sporting and cultural pursuits. 

Front door leading to COMMUNAL ENTRANCE:
Security entry phone, stairs to first floor, personal door to flat. 

ENTRANCE HALL:
Two good size storage cupboards, radiator, central heating control unit.

LIVING ROOM
16' 9" (5.1m) x 11' 3" (3.42m):
A bright double aspect room, radiator, hatch way to kitchen.

KITCHEN
9' 8" (2.95m) x 7' 7" (2.32m) Plus door recess:
Range of modern units with fitted work surfaces incorporating drawer and cupboards fitments under, eye wall cupboards, integrated four burner gas hob with under oven beneath, extractor light/filter over, tiled splash backs, wall mounted combination gas fired boiler serving domestic hot water and central heating, space and plumbing for washing machine.

BEDROOM ONE
13' 8" (4.17m) x 11' 3" (3.42m):
A bright double aspect room, radiator.

BEDROOM TWO
9' 5" (2.88m) x 9' 3" (2.82m):
Radiator.

SHOWER ROOM:
Double width shower with shower cubical with Mira Go thermostat control shower unit, pedestal wash basin, part tiling to walls, radiator.

SEPARATE WC:

OUTSIDE & GENERAL:
There is an area of communal gardens available for residents use.

AGENTS NOTE:
The property is to be sold with a new 125 year lease, which is currently being created in readiness for the completed sale.

MAINTENANCE CHARGE:
We are informed by the vendor that the current maintenance charge is approximately £700 for six months from 13.09.2023.

GROUND RENT:
TBA

COUNCIL TAX BAND:
Council tax band B.

Agent Details

Gilbert & Cleveland, Bognor Regis

020 3879 4753

Next Steps?

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