2 Bed Flat, Single Let, Littlehampton, BN16 3DN, £170,000

195 The Street, Littlehampton, West Sussex, BN16 3DN - 4 views - a year ago

Sold STC
Leasehold
BTL
ROI: 9%
~65 m²
+2 photos

ValuationUndervalued

Sold Prices£107.5K - £412K
Sold Prices/m²£1.9K/m² - £4.9K/m²

 

 

Square Metres

~65.10 m²
Price/m²£2.6K/m²

Value Estimate

£205,700
BMV21%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£42,500

Stamp Duty & Legal Fees

£6,300

Total Cash In

£48,800

 

 

Cash Out

 

Rent Range

£995 - £1,600

Rent Estimate

£1,150

Running Costs/mo

£781

Cashflow/mo

£369

Cashflow/yr

£4,425

ROI

9%

Gross Yield

8%

Local Sold Prices

50 sold prices from £107.5K to £412K, average is £251K. £1.9K/m² to £4.9K/m², average is £3.5K/m².

PriceDateDistanceAddressBeds 
£206K11/220.01 mi187, The Street, Rustington, Littlehampton, West Sussex BN16 3DN2
£205K11/220.01 mi181, The Street, Rustington, Littlehampton, West Sussex BN16 3DN2
£233.5K06/210.17 mi36, Chichester Court, Rustington, Littlehampton, West Sussex BN16 3EL2
£140K08/230.17 mi23, Chichester Court, Rustington, Littlehampton, West Sussex BN16 3EL2
£274K11/220.17 mi36, The Grangeway, Rustington, Littlehampton, West Sussex BN16 2QS2
£170K06/210.17 mi51, The Grangeway, Rustington, Littlehampton, West Sussex BN16 2QS2
£280K09/210.17 mi34, The Grangeway, Rustington, Littlehampton, West Sussex BN16 2QS2
£258K12/200.17 mi43, The Grangeway, Rustington, Littlehampton, West Sussex BN16 2QS2
£300K09/230.21 miFlat 5, Pegasus Court, The Street, Rustington, Littlehampton, West Sussex BN16 3NS2
£290K01/210.21 miFlat 2, Pegasus Court, The Street, Rustington, Littlehampton, West Sussex BN16 3NS2
£227.5K04/210.21 miFlat 30, Pegasus Court, The Street, Rustington, Littlehampton, West Sussex BN16 3NS2
£257K11/220.22 miFlat 1, Mendip Court, Woodlands Avenue, Rustington, Littlehampton, West Sussex BN16 3DX2
£182.5K02/230.23 miFlat 60, Abbotswood, Station Road, Rustington, Littlehampton, West Sussex BN16 3BJ2
£187.5K06/230.23 miFlat 34, Abbotswood, Station Road, Rustington, Littlehampton, West Sussex BN16 3BJ2
£275K12/220.23 mi3, Elm Place, Rustington, Littlehampton, West Sussex BN16 3BL2
£220K01/210.23 mi42, Elm Place, Rustington, Littlehampton, West Sussex BN16 3BL2
£235K03/210.24 mi1, Cedar Lodge, Rustington, Littlehampton, West Sussex BN16 2RJ2
£250K05/230.24 miFlat 8, Rowan House, Cudlow Garden, Rustington, Littlehampton, West Sussex BN16 2RH2
£107.5K06/210.24 miFlat 11, Richmond Court, Sea Lane, Rustington, Littlehampton, West Sussex BN16 2TJ2
£198K06/230.24 miFlat 7, Richmond Court, Sea Lane, Rustington, Littlehampton, West Sussex BN16 2TJ2
£235K06/210.25 miFlat 8, Trafalgar Court, Woodlands Avenue, Rustington, Littlehampton, West Sussex BN16 3ES2
£253K10/230.25 miFlat 2, Ilex House, Cudlow Garden, Rustington, Littlehampton, West Sussex BN16 2RL2
£255K03/230.25 miFlat 6, Ilex House, Cudlow Garden, Rustington, Littlehampton, West Sussex BN16 2RL2
£255K11/230.26 mi1, Mulberry Lodge, Rustington, Littlehampton, West Sussex BN16 2RN2
£250K03/230.27 mi2, Hazel Lodge, Rustington, Littlehampton, West Sussex BN16 2RW2
£225K12/200.27 mi4, Hazel Lodge, Rustington, Littlehampton, West Sussex BN16 2RW2
£260K01/230.29 mi7, The Limes, Rustington, Littlehampton, West Sussex BN16 3AQ2
£255K12/220.29 mi9, The Limes, Rustington, Littlehampton, West Sussex BN16 3AQ2
£275K03/230.34 mi4, Summers Close, Rustington, Littlehampton, West Sussex BN16 2HY2
£195K11/200.36 miFlat 9, Shaftesbury Court, Shaftesbury Road, Rustington, Littlehampton, West Sussex BN16 2HU2
£225K10/230.36 miFlat 12a, Shaftesbury Court, Shaftesbury Road, Rustington, Littlehampton, West Sussex BN16 2HU2
£295K02/210.37 miThe Bays, 3, Walnut Avenue, Rustington, Littlehampton, West Sussex BN16 3NY2
£285K03/210.37 mi1, Walnut Avenue, Rustington, Littlehampton, West Sussex BN16 3NY2
£270K01/230.43 miFlat 7, Rawson Court, Sea Lane, Rustington, Littlehampton, West Sussex BN16 2SD2
£250K05/230.43 miFlat 8, Rawson Court, Sea Lane, Rustington, Littlehampton, West Sussex BN16 2SD2
£412K12/220.44 miFlat 18, Heritage Place, Broadmark Lane, Rustington, Littlehampton, West Sussex BN16 2GY2
£250K03/210.46 miFlat 7, Dolphin Court, Dolphin Way, Rustington, Littlehampton, West Sussex BN16 2EN2
£227K06/210.49 miDrake Court, 23, Overstrand Avenue, Rustington, Littlehampton, West Sussex BN16 2JS2
£252K02/230.49 miGrenville Court, 27, Overstrand Avenue, Rustington, Littlehampton, West Sussex BN16 2JS2
£290K11/220.5 miHardy Court, 38, Overstrand Avenue, Rustington, Littlehampton, West Sussex BN16 2JU2
£320K04/210.51 miJellicoe Court, 58, Overstrand Avenue, Rustington, Littlehampton, West Sussex BN16 2JT2
£350K07/230.51 miJellicoe Court, 72, Overstrand Avenue, Rustington, Littlehampton, West Sussex BN16 2JT2
£225K08/230.54 mi42, Allangate Drive, Rustington, Littlehampton, West Sussex BN16 3JE2
£191K12/200.55 mi24, Walders Road, Rustington, Littlehampton, West Sussex BN16 3PE2
£315K04/230.56 miFlat 7, Norfolk Court, Chanctonbury Road, Rustington, Littlehampton, West Sussex BN16 2JX2
£270K05/210.56 miFlat 8, Norfolk Court, Chanctonbury Road, Rustington, Littlehampton, West Sussex BN16 2JX2
£240K11/200.56 miAusten Court, 47, Millfield Close, Rustington, Littlehampton, West Sussex BN16 2JZ2
£285K06/230.57 miFlat 1, Selsey Court, Chanctonbury Road, Rustington, Littlehampton, West Sussex BN16 2LD2
£285K02/210.58 miFlat 16, Fitzalan Court, Rackham Road, Rustington, Littlehampton, West Sussex BN16 2LE2
£250K03/210.58 miFlat 14, Fitzalan Court, Rackham Road, Rustington, Littlehampton, West Sussex BN16 2LE2

Local Rents

17 rents from £995/mo to £1.6K/mo, average is £1.2K/mo.

RentDateDistanceAddressBeds 
£1,25012/240.14 miFittleworth Garden, Rustington, West Sussex2
£1,15012/240.14 miFittleworth Gardens, Rustington, Rustington, BN162
£1,20012/240.2 miDinsdale Gardens, Rustington, Littlehampton, BN162
£1,20012/240.21 miWoodlands Avenue, Rustington, Littlehampton2
£99512/240.23 miMendip Court, Woodlands Avenue, Rustington, West Sussex2
£1,35012/240.27 miOld Manor Road, Rustington2
£1,32512/240.32 miSutton Avenue, Rustington, Littlehampton, West Sussex, BN162
£1,15007/230.39 mi-2
£1,19510/240.39 mi-2
£1,40012/240.4 miRustington2
£1,45012/240.44 miBroadmark Lane, Rustington, Littlehampton, West Sussex, BN162
£1,20012/240.46 miDolphin Way, Rustington, Littlehampton, West Sussex, BN162
£1,25012/240.46 miBroadmark Lane, Rustington2
£1,60012/240.47 miFircroft Crescent, Rustington2
£1,15012/240.52 miOverstrand Avenue, Rustington, Littlehampton, West Sussex2
£1,30002/250.52 mi-2
£1,20012/240.53 miChurchill Court, Rustington2

Local Area Statistics

Population in BN16

28,125

Population in Littlehampton

56,651

Town centre distance

1.05 miles away

Nearest school

0.50 miles away

Nearest train station

0.84 miles away

 

 

Rental growth (12m)

+13%

Sales demand

Balanced market

Capital growth (5yrs)

+16%

Property History

Listed for £170,000

February 23, 2024

Sold for £130,000

2020

Sold for £125,000

2015

Floor Plans

Description

  • First Floor Apartment +
  • Two Double Bedrooms +
  • South Facing Lounge / Diner +
  • Balcony +
  • Fitted Kitchen +
  • Bathroom / W.C +
  • 139 Years Remaining On The Lease +
  • No Forward Chain +
  • Village Centre Location +
  • EER - E43 +

A spacious 2-bedroom apartment conveniently located in the centre of Rustington village above shops on the south side of the road in The Street.

There is a communal entrance located on the ground level between two shops with the apartment situated on the first floor. Upon entering the property there is a hallway which provides access to all rooms, two double bedrooms, spacious south facing lounge / diner with access to a balcony which covers the full width of the apartment, fitted kitchen and a bathroom/w.c.

The property benefits from double glazed windows, electric heating, security entry phone system and has approximately 139 years remaining on the lease. It will also be sold with no forward chain.

The apartment is conveniently situated in the heart of Rustington village centre above the shops in The Street on the south side of the road. It is therefore amongst Rustington's busy shopping parade, with its extensive range of shops, cafes and restaurants (approximately 0.2 miles).

Rustington is centrally located on the West Sussex coast almost midway between the cities of Chichester and Brighton, and just south of the A259, which provides a link to the larger neighbouring towns of Bognor Regis and Worthing. Additionally, Angmering mainline railway station can be found within approximately 1.5 miles and offers a regular service to London Victoria via Gatwick.

Property Information

Tenure: Leasehold. We understand that property is held on the remainder of a 150-year lease from dated from 6/8/2013 (there are approximately 139 remaining).
Maintenance: £1,968.40 per annum (2023 - 2024)
Ground Rent: £60.00 per annum

Council Tax Band: B
Energy Efficiency Rating: E43

Entrance Hall -

Lounge / Diner - 4.80m x 3.00m (15'9 x 9'10) -

Balcony -

Kitchen - 4.39m x 2.01m (14'5 x 6'7) -

Bathroom / W.C -

Bedroom One - 5.59m x 3.00m (18'4 x 9'10) -

Bedroom Two - 3.58m x 3.56m (11'9 x 11'8) -

Agent Details

Glyn-Jones & Co, Rustington

01903 497288

Next Steps?

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