4 Bed Detached House, Refurb/BRRR, Chichester, PO20 0AN, £474,950

3 Woodland Road, Selsey, Chichester, PO20 0QA - 3 views - a year ago

Under Offer
Refurb/BRRR
137 m²
+16 photos

ValuationFair Value

Sold Prices£260K - £940K
Sold Prices/m²£3K/m² - £8.6K/m²

 

 

Square Metres

137 m²
Price/m²£3.5K/m²

Value Estimate

£467,408

 

 

End Value (After Refurb)

£546,338

Uplift in Value

+9%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£118,738

Stamp Duty & Legal Fees

£28,696

Refurb Costs

£63,049

Bridging Loan Interest

£12,467

Total Cash In

£224,700

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£546,338

Mortgage (After Refinance)

£409,754

Mortgage LTV

75%

Cash Released

£53,541

Cash Left In

£171,159

Equity

£136,585

Rent Range

£1,350 - £2,250

Rent Estimate

£1,554

Running Costs/mo

£2,038

Cashflow/mo

£-484

Cashflow/yr

£-5,809

Gross Yield

4%

Local Sold Prices

29 sold prices from £260K to £940K, average is £515K. £3K/m² to £8.6K/m², average is £3.5K/m².

PriceDateDistanceAddressBeds 
£940K03/210.04 miBeacon House, Ursula Square, Selsey, Chichester, West Sussex PO20 0HR4
£500K04/210.04 miSandy Bill, Ursula Square, Selsey, Chichester, West Sussex PO20 0HR4
£670K03/230.06 mi5, Beach Gardens, Selsey, Chichester, West Sussex PO20 0HX4
£650K12/210.13 miClare Cottage, 23, Seal Road, Selsey, Chichester, West Sussex PO20 0HW4
£703K11/210.14 miCranford, 3, Ursula Avenue, Selsey, Chichester, West Sussex PO20 0HT4
£536K06/210.15 miChestnut Lodge, York Road, Selsey, Chichester, West Sussex PO20 0HZ4
£515K03/210.16 mi37, Woodland Road, Selsey, Chichester, West Sussex PO20 0AL4
£527.5K02/210.21 mi70, Grafton Road, Selsey, Chichester, West Sussex PO20 0JB4
£525K01/230.25 mi12, Domehouse Close, Selsey, Chichester, West Sussex PO20 0UB4
£640K05/210.26 mi73, Hillfield Road, Selsey, Chichester, West Sussex PO20 0LF4
£593K03/230.27 mi3, Canadian Crescent, Selsey, Chichester, West Sussex PO20 0UQ4
£435K06/230.28 mi13, Clayton Road, Selsey, Chichester, West Sussex PO20 9DB4
£517.5K04/230.34 mi25, Lawrence Close, Selsey, Chichester, West Sussex PO20 0TN4
£580K01/230.35 mi17, Grove Road, Selsey, Chichester, West Sussex PO20 0AS4
£427.5K11/220.35 mi24, Bonnar Road, Selsey, Chichester, West Sussex PO20 9AT4
£480K03/210.43 mi16, Croft Road, Selsey, Chichester, West Sussex PO20 0RL4
£550K11/200.44 mi4, Bonnar Road, Selsey, Chichester, West Sussex PO20 9AP4
£357K05/230.48 mi6, Elm Grove, Selsey, Chichester, West Sussex PO20 0RP4
£436K11/200.49 miMylota, 22, Clayton Road, Selsey, Chichester, West Sussex PO20 9DF4
£436K11/200.49 miMylota, 22, Clayton Road, Selsey, Chichester, West Sussex PO20 9DF4
£269K11/200.51 mi33, West Street, Selsey, Chichester, West Sussex PO20 9AB4
£575K04/210.54 mi75, West Street, Selsey, Chichester, West Sussex PO20 9AG4
£410K03/210.59 mi15, Large Acres, Selsey, Chichester, West Sussex PO20 9BA4
£365K12/220.59 mi11, Large Acres, Selsey, Chichester, West Sussex PO20 9BA4
£545K05/230.69 mi38, Crablands Close, Selsey, Chichester, West Sussex PO20 9BE4
£440K11/220.75 mi42, Marine Drive, Selsey, Chichester, West Sussex PO20 0SR4
£300K04/210.77 mi19, Honeysuckle Lane, Selsey, Chichester, West Sussex PO20 9JN4
£260K04/210.79 mi12, Coppice Lane, Selsey, Chichester, West Sussex PO20 9EX4
£387.5K03/210.83 mi4, Kingsway, Selsey, Chichester, West Sussex PO20 0SY4

Local Rents

11 rents from £1.4K/mo to £2.3K/mo, average is £1.5K/mo.

RentDateDistanceAddressBeds 
£2,25006/240.28 miSelsey4
£1,35007/240.52 miEast Street, Selsey, PO203
£1,40006/240.56 miKingsway, Selsey, Chichester, PO203
£1,65007/240.61 miNorth Road, Selsey, Chichester, PO204
£1,50006/240.63 miManor Road Selsey PO203
£1,80007/240.63 miManor Road Selsey PO204
£1,35007/240.64 miHanover Close Selsey PO203
£1,35007/240.64 miHanover Close, Selsey PO203
£1,35012/240.64 miHanover Close, Selsey PO203
£1,50006/240.81 miWellington Gardens, Selsey4
£1,59507/240.95 miBeach Road, Selsey, PO205

Local Area Statistics

Population in PO20

32,437

Population in Chichester

75,877

Town centre distance

7.77 miles away

Nearest school

0.60 miles away

Nearest train station

6.68 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+7%

Sales demand

Buyer's market

Capital growth (5yrs)

+14%

Property History

Price changed to £474,950

January 11, 2025

Listed for £499,950

December 25, 2023

Floor Plans

Description

  • Detached House +
  • Four Double Bedrooms +
  • Sea Views +
  • Enclosed Balcony With Access From 3 Of the Bedrooms +
  • Southerlly & Westerly Facing Sections Of The Garden +
  • No Forward Chain +
  • Modernisation Required +

Located to the south of Selsey on a quiet and desirable road that's within 110m of the seafront as the crow flies is this charming detached house, offered for sale with no forward chain. EPC-C, Council Tax Band-F. Stepping through the front door into the entrance hallway, which is adorned with parquet flooring, access to the principle rooms can be found. These include the kitchen which has space for a table, dining room, cloakroom and the living room - which also benefits from parquet flooring. There is also a south facing conservatory that adjoins the living room that is 22ft in length. On the first floor, the four double bedrooms can be found. Three of the bedrooms have access to the 22ft long south facing balcony that benefits from sea views. There is also a bathroom on this floor. Externally, the property benefits from covered off road parking for one car, additional off road parking and a garage. The garden wraps around the whole house which ensures that sunshine is enjoyed throughout every stage of the day. Various flower beds are present too along with sections of gravel, patio and turfed lawn.

EPC Rating: C Entrance Hall Stairs to the 1st floor Living Room (3.63m x 6.02m) Conservatory (2.77m x 6.78m) Dining Room (currently used as sitting room) (3.02m x 4.04m) Kitchen (3.43m x 4.06m) Bedroom One (3.61m x 4.17m) max measurements into the wardrobes. Sea view Enclosed Balcony (1.68m x 6.99m) Sea views Bedroom Two (3.4m x 4.06m) Sea view & access to the enclosed balcony Bedroom Three (2.59m x 3.56m) Sea glimpse Bedroom Four (2.82m x 3.05m) Sea view and access to the enclosed balcony Parking - Garage Up & over door Parking - Driveway Providing off road for approximately 2 cars, part of which is under cover by way of a car port.

Agent Details

Henry Adams, Selsey

01243 973398

Next Steps?

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