3 Bed Detached House, Refurb/BRRR, Chichester, PO19 7NG, £200,000

Adelaide Road, Chichester, PO19 7NG - 3 views - a year ago

Sold STC
Auction
Refurb/BRRR
Planning
~96 m²
+2 photos

ValuationFair Value

Sold Prices£250K - £610K
Sold Prices/m²£1.7K/m² - £6.9K/m²

 

 

Square Metres

~95.96 m²
Price/m²£2.1K/m²

Value Estimate

£200,000

 

 

End Value (After Refurb)

£403,032

Uplift in Value

+102%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£50,000

Stamp Duty & Legal Fees

£7,200

Refurb Costs

£44,521

Bridging Loan Interest

£5,250

Total Cash In

£108,721

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Estimated Sale Price

£403,032

Agent Fees (1%)

£4,030

Bridging Loan

£150,000

Bridging Loan Interest

£5,250

Flip Profit

£140,281

Local Sold Prices

50 sold prices from £250K to £610K, average is £387.5K. £1.7K/m² to £6.9K/m², average is £4.3K/m².

PriceDateDistanceAddressBeds 
£319.9K01/240.05 mi68, Adelaide Road, Chichester, West Sussex PO19 7NQ3
£268.5K03/210.05 mi44, Adelaide Road, Chichester, West Sussex PO19 7NF3
£315K06/210.07 mi32, Lewis Road, Chichester, West Sussex PO19 7LZ3
£295K06/210.07 mi29, Lewis Road, Chichester, West Sussex PO19 7LZ3
£515K09/230.07 mi1, Lewis Road, Chichester, West Sussex PO19 7LZ3
£375K02/230.07 miFlinders, Joys Croft, Chichester, West Sussex PO19 7NJ3
£415K12/230.07 miOrchard House, Joys Croft, Chichester, West Sussex PO19 7NJ3
£400K03/210.09 mi49, Green Lane, Chichester, West Sussex PO19 7NP3
£395K11/200.11 mi20, Alexandra Road, Chichester, West Sussex PO19 7LX3
£610K09/220.13 mi16, Green Lane, Chichester, West Sussex PO19 7NS3
£357K12/220.13 mi13, Lime Close, Chichester, West Sussex PO19 6SW3
£335K11/230.13 mi2, Lime Close, Chichester, West Sussex PO19 6SW3
£322K01/230.13 mi22, Lime Close, Chichester, West Sussex PO19 6SW3
£495K06/210.14 mi15, Green Lane, Chichester, West Sussex PO19 7NS3
£440K10/200.14 mi22, Turnbull Road, Chichester, West Sussex PO19 7LY3
£425K06/210.15 mi7, Guilden Road, Chichester, West Sussex PO19 7LA3
£330K03/240.15 mi25, Armadale Road, Chichester, West Sussex PO19 7NR3
£330K07/230.15 mi17, Armadale Road, Chichester, West Sussex PO19 7NR3
£355K06/210.19 mi32, Bishopsgate Walk, Chichester, West Sussex PO19 6FG3
£350K04/230.19 mi19, Harvester Close, Chichester, West Sussex PO19 6XF3
£290K02/210.19 mi121, Spitalfield Lane, Chichester, West Sussex PO19 6XE3
£572.5K06/210.23 mi9, New Park Road, Chichester, West Sussex PO19 7XH3
£400K09/230.23 mi51, Bishopsgate Walk, Chichester, West Sussex PO19 6FQ3
£455K10/230.24 mi14, Peter Weston Place, Chichester, West Sussex PO19 7AP3
£285K10/200.25 mi8, Stephens Close, Chichester, West Sussex PO19 6TH3
£380K02/210.25 mi93, St James Road, Chichester, West Sussex PO19 7HR3
£460K11/230.25 mi81, St James Road, Chichester, West Sussex PO19 7HR3
£453K03/210.26 mi221, Whyke Road, Chichester, West Sussex PO19 7AH3
£407.5K12/200.27 mi224, Oving Road, Chichester, West Sussex PO19 7EJ3
£310K07/230.28 mi38, St James Road, Chichester, West Sussex PO19 7HT3
£430K11/220.28 mi36, St James Road, Chichester, West Sussex PO19 7HT3
£470K11/210.29 mi21, Oving Road, Chichester, West Sussex PO19 7EH3
£495K11/220.29 mi59, Oving Road, Chichester, West Sussex PO19 7EN3
£429.9K06/210.29 mi30, Oving Road, Chichester, West Sussex PO19 7EN3
£500K04/230.29 mi39, Pound Farm Road, Chichester, West Sussex PO19 7PU3
£250K04/240.3 mi27, St James Road, Chichester, West Sussex PO19 7HS3
£370K10/220.3 mi25, Pound Farm Road, Chichester, West Sussex PO19 7PX3
£280K10/200.31 mi12, St James Road, Chichester, West Sussex PO19 7HU3
£380K05/210.32 mi10, Ormonde Avenue, Chichester, West Sussex PO19 7UX3
£375K01/230.32 mi11, Ormonde Avenue, Chichester, West Sussex PO19 7UX3
£420K05/230.32 mi8, Ormonde Avenue, Chichester, West Sussex PO19 7UX3
£370K06/210.32 mi46, Winden Avenue, Chichester, West Sussex PO19 7UZ3
£320K03/210.32 mi37, Winden Avenue, Chichester, West Sussex PO19 7UZ3
£380K05/210.34 mi10, Ormonde Avenue, Chichester, West Sussex PO19 7UX3
£495K06/210.35 mi13, Bognor Road, Chichester, West Sussex PO19 7TF3
£425K11/210.36 mi146, Bognor Road, Chichester, West Sussex PO19 7TQ3
£375K10/230.36 mi132, Bognor Road, Chichester, West Sussex PO19 7TQ3
£410K11/200.4 mi48, Victoria Road, Chichester, West Sussex PO19 7HY3
£470K06/210.4 mi41, Whyke Lane, Chichester, West Sussex PO19 7UT3
£460K01/210.42 mi36, Caledonian Road, Chichester, West Sussex PO19 7PJ3

Local Rents

37 rents from £1.1K/mo to £2.4K/mo, average is £1.5K/mo.

RentDateDistanceAddressBeds 
£1,59506/240.13 miSpitalfield Lane, Chichester, PO193
£1,40008/240.13 miLime Close, Chichester3
£1,79507/240.14 miGreen Lane Chichester PO193
£2,10007/240.18 miSt Pancras, Chichester3
£1,35006/240.19 miHarvester Close, Chichester3
£1,59506/240.21 miRussell Street, Chichester, West Sussex, PO193
£1,15006/240.22 miVelyn Avenue, Chichester3
£1,50006/240.22 miSpitalfield Lane Chichester West Sussex PO19 6SG3
£1,59507/240.22 miBishops Courtyard3
£1,45006/240.22 miArmadale Road, Chichester, PO193
£1,45006/240.25 miBishopsgate Walk, Chichester3
£2,40009/240.25 miEast Walls Close, Chichester3
£1,35008/240.34 miOrmonde Avenue, Chichester, West Sussex3
£1,75010/240.35 mi-3
£1,85007/240.35 miFranklin Place Chichester PO193
£1,45008/240.39 miSt Peters, Chichester3
£1,45006/240.4 miOving Terrace, Chichester3
£1,67507/240.42 miBaxendale Road, Chichester PO193
£1,60007/240.44 miBradshaw Road, Chichester, PO193
£1,65006/240.45 miNorth Street, Chichester3
£1,50008/240.46 miLake Road, Chichester3
£1,95008/240.46 mi3 bedroom Terraced House in Chichester3
£1,27506/240.49 miBroyle Road, Chichester3
£1,45006/240.5 miCharles Avenue Chichester PO193
£1,60007/240.51 miBroyle Road, Chichester3
£1,59507/240.52 miChequers Place, Oving Road, Chichester3
£1,35011/240.55 mi-3
£1,50007/240.55 miSomerstown, Chichester3
£1,50007/240.55 miSomerstown, Chichester3
£1,45007/240.55 miSomerstown, Chichester, West Sussex3
£1,35008/240.58 miChurch Road, Chichester3
£1,50008/240.58 miPalmers Field Avenue, Chichester, West Sussex, PO193
£1,45007/240.6 miOrchard Street Chichester PO193
£1,60006/240.6 miJoseph Lancaster Lane Keepers Green PO193
£1,45008/240.61 miKing George Gardens, Chichester3
£1,37508/240.61 miWilliam Road, Chichester3
£1,70007/240.61 miCentral Chichester3

Local Area Statistics

Population in PO19

30,184

Population in Chichester

75,877

Town centre distance

0.52 miles away

Nearest school

0.20 miles away

Nearest train station

0.77 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+44%

Sales demand

Balanced market

Capital growth (5yrs)

+11%

Property History

Price changed to £200,000

September 25, 2024

Listed for £250,000

January 30, 2024

Floor Plans

Description

  • Auction Date 27th November 2024 +
  • Vacant Freehold Detached Property In Need of Modernisation +
  • Planning Permission Granted For 3 x 1 Bedroom Flats & 1 Commercial Premises +
  • Close To City Centre +
  • Exceptional Development Opportunity +
  • Popular Location +

Pre Auction Offers Welcome

This freehold detached property presents a rare and exciting opportunity to create a vibrant mixed-use development. In need of modernisation, the property offers a blank canvas for developers to bring their vision to life.

The approved planning permission allows for the transformation of the ground floor into a commercial premises, ideal for retail or office use, and the creation of three stylish one-bedroom flats on the upper floors.

The property's location close to the city centre means that future occupants will benefit from the convenience of nearby facilities, including shops, restaurants, and excellent transport links. This, combined with the approved development plans, makes this property a highly attractive investment.

The consent was approved on 27 September 2023 under application number Ref CC/20/01151/FUL whilst all plans and relevant documentation can be viewed at ).

Adelaide Road is located in a vibrant area close to the city centre, providing easy access to all essential amenities. The surrounding area is popular with both residents and businesses, ensuring a steady demand for both the commercial and residential units once developed.

Agent Details

Lextons Auctions, Sussex

01273 109874

Next Steps?

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