6 Bed Detached House, Refurb/BRRR, Chichester, PO20 8NH, £500,000

65 Stocks Lane, East Wittering, Chichester - 2 views - a year ago

Auction
Refurb/BRRR
~303 m²
+10 photos

ValuationFair Value

Sold Prices£1.4M - £2.8M
Sold Prices/m²£7.7K/m² - £10.4K/m²

 

 

Square Metres

~303 m²
Price/m²£1.6K/m²

Value Estimate

£500,000

 

 

End Value (After Refurb)

£1,202,259

Uplift in Value

+140%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£125,000

Stamp Duty & Legal Fees

£38,700

Refurb Costs

£139,445

Bridging Loan Interest

£13,125

Total Cash In

£318,020

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Estimated Sale Price

£1,202,259

Agent Fees (1%)

£12,023

Bridging Loan

£375,000

Bridging Loan Interest

£13,125

Flip Profit

£497,216

Local Sold Prices

5 sold prices from £1.4M to £2.8M, average is £1.5M. £7.7K/m² to £10.4K/m², average is £8.7K/m².

PriceDateDistanceAddressBeds 
£1.4M11/200.65 mi26, Marine Drive, West Wittering, Chichester, West Sussex PO20 8HQ6
£1.5M11/220.97 miSeaview, East Bracklesham Drive, Bracklesham Bay, Chichester, West Sussex PO20 8JW6
£1.5M06/211.35 miCherries, The Byeway, West Wittering, Chichester, West Sussex PO20 8LJ6
£2.3M02/231.68 miMulberry Cottage, Shipton Green, Itchenor, Chichester, West Sussex PO20 7BZ6
£2.8M01/232.73 miOld Haven, The Street, Itchenor, Chichester, West Sussex PO20 7AN6

Local Rents

43 rents from £850/mo to £7K/mo, average is £1.4K/mo.

RentDateDistanceAddressBeds 
£1,30007/240.06 miStocks Lane PO20 3
£91506/240.22 mi-2
£1,07506/240.26 miSandlands Point, East Wittering2
£1,75007/240.27 miChurch Road East Wittering PO203
£1,15002/250.33 mi-2
£1,10007/240.35 miHarrow Drive, East Wittering2
£1,00012/240.36 mi-2
£1,00007/240.37 miCormorant Way, Chichester2
£1,05012/240.38 miEast Wittering1
£2,20007/240.4 miHoneys, Bracklesham Bay3
£1,60006/240.4 miShore Road, East Wittering3
£1,40006/240.44 miSandpiper Walk, West Wittering3
£1,50007/240.53 miCharlie Drive, Bracklesham Bay, Chichester, PO202
£1,20006/240.62 miWillow Way, Bracklesham Bay, Chichester2
£2,90001/250.7 mi-4
£1,39512/240.86 miAxford Close, Bracklesham Bay, Chichester, PO202
£1,15006/240.92 miTide Way, Bracklesham Bay2
£1,45007/240.92 miTide Way Bracklesham Bay PO203
£1,30012/240.94 mi-2
£1,30007/240.94 miHayward Place, Bracklesham Bay, Chichester, PO202
£1,15007/240.95 miTide Way, Bracklesham Bay, Chichester2
£2,20007/241.05 miEast Bracklesham Drive, Bracklesham Bay3
£3,25004/251.36 mi-4
£3,00007/241.37 miWest Wittering, Chichester, PO204
£3,00012/241.37 mi-4
£3,50003/251.37 mi-4
£2,49506/241.51 miMiddlefield, West Wittering, Chichester, PO203
£2,75006/241.51 miRoyce Close, West Wittering4
£2,49507/241.51 miThe Wad, West Wittering, Chichester, PO203
£85004/251.66 mi-1
£2,25007/241.9 miBatchmere4
£1,65004/251.97 mi-2
£3,00007/242.04 miThe Spinney, Itchenor, PO203
£1,35006/242.27 miHillands Farm Annex, Batchmere Road, Chichester, West Sussex2
£2,32510/242.29 mi-4
£2,50004/252.29 mi-4
£4,50007/242.33 miWestlands Lane, Birdham, PO204
£1,40006/242.41 miWalwyn Close, Chichester, PO203
£1,40012/242.41 mi-3
£1,27506/242.41 miKewells Corner, Birdham2
£6,95007/242.42 miSpinney Lane, Itchenor, Chichester West Sussex, PO205
£2,95007/242.46 miCherry Lane Birdham PO204
£1,00003/252.48 mi-1

Local Area Statistics

Population in PO20

32,437

Population in Chichester

75,877

Town centre distance

6.09 miles away

Nearest school

0.20 miles away

Nearest train station

5.44 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 £500,000

February 8, 2025

Listed for £540,000

January 11, 2024

Floor Plans

Description

  • Walking distance to the beach +
  • Six double bedrooms +
  • Potential for modernisation +
  • Garage and Parking +
  • Close to village amenities +
  • Over 3200 sqft +
  • Immediate ‘exchange of contracts’ available +
  • Sold via ‘Secure Sale’ +

Being Sold via Secure Sale online bidding ending 6th March 2025 12pm. Terms & Conditions apply. Starting Bid £500,000 A spacious three storey, six-bedroom detached house with potential for modernisation, located in the desirable village of East Wittering.Welcome to this spacious 6-bedroom detached house, set across three floors and situated in the sought-after location of East Wittering. With four bedrooms on the first floor and two on the second floor, this property offers a versatile living arrangement to accommodate families of all sizes.The ground floor consists of a welcoming entrance hall leading to a bright and airy living room, to the right is an additional living space with a fireplace, the room can be used as a dining room, and a well-equipped kitchen with a separate utility room. There is also a ground floor office, ideal for working from home or as a study space.The first floor comprises four good-sized bedrooms, a family bathroom and an additional shower room. The second floor offers two further bedrooms, providing additional space for guests or as a teenager's hideaway.Externally, the property boasts a private garage and a large front garden with potential for off-street parking. The property is in need of modernisation, offering a fantastic opportunity to put your own stamp on the property and create a bespoke living space to suit your tastes and preferences.Located in East Wittering, the property is within easy reach of local amenities, including shops, schools, and transport links. With the beach just a short walk away, this is an excellent opportunity to acquire a substantial family home in a prime location. Pattinson Auction are working in Partnership with the marketing agent on this online auction sale and are referred to below as 'The Auctioneer'. This auction lot is being sold either under conditional (Modern) or unconditional (Traditional) auction terms and overseen by the auctioneer in partnership with the marketing agent. The property is available to be viewed strictly by appointment only via the Marketing Agent or The Auctioneer. Bids can be made via the Marketing Agents or via The Auctioneers website. Please be aware that any enquiry, bid or viewing of the subject property will require your details being shared between both any marketing agent and The Auctioneer in order that all matters can be dealt with effectively. The property is being sold via a transparent online auction. In order to submit a bid upon any property being marketed by The Auctioneer, all bidders/buyers will be required to adhere to a verification of identity process in accordance with Anti Money Laundering procedures. Bids can be submitted at any time and from anywhere. Our verification process is in place to ensure that AML procedure are carried out in accordance with the law. A Legal Pack associated with this particular property is available to view upon request and contains details relevant to the legal documentation enabling all interested parties to make an informed decision prior to bidding. The Legal Pack will also outline the buyers’ obligations and sellers’ commitments. It is strongly advised that you seek the counsel of a solicitor prior to proceeding with any property and/or Land Title purchase. Auctioneers Additional Comments In order to secure the property and ensure commitment from the seller, upon exchange of contracts the successful bidder will be expected to pay a non-refundable deposit equivalent to 5% of the purchase price of the property. The deposit will be a contribution to the purchase price. A nonrefundable reservation fee of up to 6% inc VAT (subject to a minimum of 6,000 inc VAT) is also required to be paid upon agreement of sale. The Reservation Fee is in addition to the agreed purchase price and consideration should be made by the purchaser in relation to any Stamp Duty Land Tax liability associated with overall purchase costs. Both the Marketing Agent and The Auctioneer may believe necessary or beneficial to the customer to pass their details to third party service suppliers, from which a referral fee may be obtained. There is no requirement or indeed obligation to use these recommended suppliers or services.

EPC Rating: D GARAGE Garage

Agent Details

Henry Adams, East Wittering

01243 973409

Next Steps?

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