2 Bed Bungalow, Refurb/BRRR, Littlehampton, BN16 1AQ, £300,000

Ashurst Way, East Preston, BN16 1AQ - a year ago

Refurb/BRRR
ROI: 1%
~62 m²
+8 photos

ValuationOvervalued

Sold Prices£205K - £685K
Sold Prices/m²£2.4K/m² - £7K/m²

 

 

Square Metres

~61.60 m²
Price/m²£4.9K/m²

Value Estimate

£272,000

 

 

End Value (After Refurb)

£285,000

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£75,000

Stamp Duty & Legal Fees

£18,700

Refurb Costs

£28,975

Bridging Loan Interest

£7,875

Total Cash In

£132,300

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£285,000

Mortgage (After Refinance)

£213,750

Mortgage LTV

75%

Cash Left In

£132,300

Equity

£71,250

Rent Range

£995 - £2,200

Rent Estimate

£1,338

Running Costs/mo

£1,178

Cashflow/mo

£160

Cashflow/yr

£1,917

ROI

1%

Gross Yield

5%

Local Sold Prices

50 sold prices from £205K to £685K, average is £332.5K. £2.4K/m² to £7K/m², average is £4.8K/m².

PriceDateDistanceAddressBeds 
£329.9K07/210.04 mi23, Warren Crescent, East Preston, Littlehampton, West Sussex BN16 1BJ2
£335K12/200.05 mi4, Warren Crescent, East Preston, Littlehampton, West Sussex BN16 1BH2
£320K07/230.06 mi52, Ashurst Way, East Preston, Littlehampton, West Sussex BN16 1AG2
£365K08/230.06 mi40, Ashurst Way, East Preston, Littlehampton, West Sussex BN16 1AG2
£360K11/220.07 mi40, Ambersham Crescent, East Preston, Littlehampton, West Sussex BN16 1AH2
£363K02/230.08 mi15, Ashurst Way, East Preston, Littlehampton, West Sussex BN16 1AQ2
£265K03/210.08 mi35, Ashurst Way, East Preston, Littlehampton, West Sussex BN16 1AQ2
£282K01/210.08 mi73, Ashurst Way, East Preston, Littlehampton, West Sussex BN16 1AQ2
£290K02/210.08 mi75, Ashurst Way, East Preston, Littlehampton, West Sussex BN16 1AQ2
£260K11/220.08 mi5, Ashurst Way, East Preston, Littlehampton, West Sussex BN16 1AQ2
£385K01/230.08 mi79, Ashurst Way, East Preston, Littlehampton, West Sussex BN16 1AQ2
£280K05/210.08 mi53, Ashurst Way, East Preston, Littlehampton, West Sussex BN16 1AQ2
£413K01/230.08 mi5, Warren Crescent, East Preston, Littlehampton, West Sussex BN16 1BH2
£400K10/220.1 mi44, Ashurst Way, East Preston, Littlehampton, West Sussex BN16 1AG2
£370K12/220.1 mi17, Ambersham Crescent, East Preston, Littlehampton, West Sussex BN16 1AJ2
£267.5K02/210.11 mi57, Warren Crescent, East Preston, Littlehampton, West Sussex BN16 1BL2
£270K12/220.12 mi45, Roundstone Crescent, East Preston, Littlehampton, West Sussex BN16 1DQ2
£320K03/210.21 miFlat 6, Preston Hall, The Street, East Preston, Littlehampton, West Sussex BN16 1HU2
£525K06/210.22 miForge Site, The Street, East Preston, Littlehampton, West Sussex BN16 1HT2
£450K06/230.23 mi23, Worthing Road, East Preston, Littlehampton, West Sussex BN16 1AT2
£295K12/200.23 mi21, Downs Way, East Preston, Littlehampton, West Sussex BN16 1AA2
£270K06/210.25 mi14, Downs Way, East Preston, Littlehampton, West Sussex BN16 1AA2
£340K06/210.28 mi1, Downs Way, East Preston, Littlehampton, West Sussex BN16 1AA2
£385K02/230.31 mi20, Lashmar Road, East Preston, Littlehampton, West Sussex BN16 1EY2
£288K11/200.34 mi31, North Lane, East Preston, Littlehampton, West Sussex BN16 1BN2
£480K04/210.36 mi6, Bay Trees Close, East Preston, Littlehampton, West Sussex BN16 1JQ2
£340K11/230.36 mi28, Orchard Road, East Preston, Littlehampton, West Sussex BN16 1RB2
£325K02/210.36 mi34, Orchard Road, East Preston, Littlehampton, West Sussex BN16 1RB2
£410K06/230.36 mi22, Orchard Road, East Preston, Littlehampton, West Sussex BN16 1RB2
£417K12/220.36 mi34, Orchard Road, East Preston, Littlehampton, West Sussex BN16 1RB2
£245K01/210.37 mi30, The Leas, Rustington, Littlehampton, West Sussex BN16 3SE2
£205K07/210.37 mi17, The Leas, Rustington, Littlehampton, West Sussex BN16 3SE2
£258K03/210.41 mi10, Bramley Way, Angmering, Littlehampton, West Sussex BN16 4GA2
£205K11/200.41 mi8, Angmering Way, Rustington, Littlehampton, West Sussex BN16 3RA2
£345K03/210.41 mi14, Angmering Way, Rustington, Littlehampton, West Sussex BN16 3RA2
£212K01/210.41 mi7, Angmering Way, Rustington, Littlehampton, West Sussex BN16 3RA2
£350K11/200.42 miBeverley, Montpelier Road, East Preston, Littlehampton, West Sussex BN16 1JY2
£525K10/230.42 miOld Kingsbury, Montpelier Road, East Preston, Littlehampton, West Sussex BN16 1JY2
£355K05/230.42 mi14, Old Worthing Road, East Preston, Littlehampton, West Sussex BN16 1DZ2
£440K07/230.43 mi12, Russells Close, East Preston, Littlehampton, West Sussex BN16 1BP2
£278.5K11/200.43 mi6, Russells Close, East Preston, Littlehampton, West Sussex BN16 1BP2
£401.5K08/210.43 mi15, Russells Close, East Preston, Littlehampton, West Sussex BN16 1BP2
£275K08/230.46 mi36, Sea Road, East Preston, Littlehampton, West Sussex BN16 1JP2
£685K09/230.47 miDaymer, Hurst Road, East Preston, Littlehampton, West Sussex BN16 3AP2
£322K09/230.48 mi26, Saxon Close, East Preston, Littlehampton, West Sussex BN16 1DX2
£320K11/220.48 mi110, Guildford Road, Rustington, Littlehampton, West Sussex BN16 3JB2
£315K07/230.48 mi41, Oakwood Drive, Angmering, Littlehampton, West Sussex BN16 4GB2
£325K02/210.48 mi5, Boundary Way, East Preston, Littlehampton, West Sussex BN16 1BU2
£378K01/210.49 mi61, Lavinia Way, East Preston, Littlehampton, West Sussex BN16 1EF2
£385K04/210.49 mi39, Lavinia Way, East Preston, Littlehampton, West Sussex BN16 1EF2

Local Rents

21 rents from £995/mo to £2.2K/mo, average is £1.3K/mo.

RentDateDistanceAddressBeds 
£1,35012/240.08 miAshurst Way East Preston BN162
£1,19512/240.23 miCopse View, East Preston, Littlehampton, West Sussex, BN162
£1,30012/240.25 miWorthing Road, East Preston2
£1,19512/240.31 miCopse View, East Preston2
£1,25003/250.32 mi-2
£1,50012/240.37 miThe Street, East Preston, West Sussex2
£1,35012/240.41 miBramley Way, Angmering, West Sussex2
£1,35003/240.68 mi-2
£1,35003/240.68 mi-2
£1,35012/240.68 miTamarisk, East Preston, Littlehampton, BN162
£1,20012/240.68 miDane Acre, Angmering2
£2,20006/240.71 mi-2
£1,25012/240.81 miStation Road, Angmering2
£1,60012/240.83 miFircroft Crescent, Rustington2
£1,66503/250.83 mi-2
£99512/241.06 miMendip Court, Woodlands Avenue, Rustington, West Sussex2
£1,20012/241.08 miDinsdale Gardens, Rustington, Littlehampton, BN162
£1,20012/241.12 miWoodlands Avenue, Rustington, Littlehampton2
£1,25012/241.15 miFittleworth Garden, Rustington, West Sussex2
£1,15012/241.15 miFittleworth Gardens, Rustington, Rustington, BN162
£1,20012/241.21 miDolphin Way, Rustington, Littlehampton, West Sussex, BN162

Local Area Statistics

Population in BN16

28,125

Population in Littlehampton

56,651

Town centre distance

1.80 miles away

Nearest school

0.30 miles away

Nearest train station

0.30 miles away

 

 

Rental growth (12m)

+13%

Sales demand

Balanced market

Capital growth (5yrs)

+16%

Property History

Price changed to £300,000

January 19, 2025

Price changed to £315,000

September 25, 2024

Listed for £325,000

February 20, 2024

Floor Plans

Description

  • Semi-Detached Bungalow +
  • Two Bedrooms +
  • Requires Modernisation +
  • Lounge | Sun Room +
  • Kitchen/Breakfast Room +
  • Bathroom/WC +
  • Sizeable And Secluded Rear Garden +
  • Garage to Rear +
  • No Forward Chain +
  • EER - TBC +

Semi-Detached Bungalow | Two Bedrooms | Requires Modernisation | Lounge | Sun Room | Kitchen/Breakfast Room | Bathroom/W.C | Sizeable And Secluded Rear Garden | Summer House & Work Shop | Popular Location | Garage to Rear | No Forward Chain | EER: TBC

Semi-Detached Bungalow | Two Bedrooms | Requires Modernisation | Lounge | Sun Room | Kitchen/Breakfast Room | Bathroom/W.C | Sizeable And Secluded Rear Garden | Summer House & Work Shop | Popular Location | Garage to Rear | No Forward Chain | EER: TBC

A 1960's built semi-detached bungalow in a popular location on the outskirts of East Preston. The property briefly comprises – Entrance porch, hallway, two bedrooms, lounge with open brick fireplace and door to sun room, kitchen/breakfast room and bathroom/WC.

To the outside the property is on a sizeable plot with a secluded rear garden which is mainly laid to lawn with a patio area. There is a summer house and workshop and at the end of the garden there is rear access via a wooden gate leading to the garage which is in a compound. To the front there is an open plan area of lawn with path to wooden gate leading to the rear garden.

The property requires modernisation for a prospective purchaser and will be sold with no forward chain.

Conveniently located on the north side of the railway line with easy access to the main trunk roads to neighbouring towns and villages.

East Preston is centrally situated on the West Sussex Coast almost midway between the cathedral city of Chichester and Brighton. The village is located just off the A259 which provides good links to the larger neighbouring towns of Littlehampton, Bognor Regis and Worthing.

Notably, Angmering mainline railway station is found within approximately 0.4 miles and provides a regular service to Gatwick Airport and London Victoria (approx. 90 minutes).

Entrance Hall -

Lounge - 4.39m x 3.35m -

Kitchen - 3.73m x 3.05m -

Sun Room - 2.51m x 2.04m -

Bedroom One - 4.19m x 3.35m -

Bedroom Two - 2.79m x 2.08m -

Garage -

Agent Details

Glyn-Jones & Co, Rustington

01903 497288

Next Steps?

This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪