2 Bed Flat, Single Let, Littlehampton, BN16 2LE, £270,000

Rackham Road, Rustington, Littlehampton, West Sussex, BN16 2LE - 8 views - a year ago

Leasehold
BTL
ROI: 1%
~68 m²
+14 photos

ValuationOvervalued

Sold Prices£145K - £412K
Sold Prices/m²£2.3K/m² - £4.5K/m²

 

 

Square Metres

~68.11 m²
Price/m²£4K/m²

Value Estimate

£237,421

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£67,500

Stamp Duty & Legal Fees

£10,300

Total Cash In

£77,800

 

 

Cash Out

 

Rent Range

£1,150 - £1,450

Rent Estimate

£1,161

Running Costs/mo

£1,096

Cashflow/mo

£65

Cashflow/yr

£781

ROI

1%

Gross Yield

5%

Local Sold Prices

50 sold prices from £145K to £412K, average is £258K. £2.3K/m² to £4.5K/m², average is £3.5K/m².

PriceDateDistanceAddressBeds 
£295K06/210.02 miFlat 7, Fitzalan Court, Rackham Road, Rustington, Littlehampton, West Sussex BN16 2LE2
£285K02/210.02 miFlat 16, Fitzalan Court, Rackham Road, Rustington, Littlehampton, West Sussex BN16 2LE2
£250K03/210.02 miFlat 14, Fitzalan Court, Rackham Road, Rustington, Littlehampton, West Sussex BN16 2LE2
£315K04/230.03 miFlat 7, Norfolk Court, Chanctonbury Road, Rustington, Littlehampton, West Sussex BN16 2JX2
£270K05/210.03 miFlat 8, Norfolk Court, Chanctonbury Road, Rustington, Littlehampton, West Sussex BN16 2JX2
£240K01/210.04 miFlat 10, Petworth Court, Rackham Road, Rustington, Littlehampton, West Sussex BN16 2LF2
£240K11/200.04 miAusten Court, 47, Millfield Close, Rustington, Littlehampton, West Sussex BN16 2JZ2
£350K02/230.05 miBeaufort Court, 37, Millfield Close, Rustington, Littlehampton, West Sussex BN16 2JZ2
£265K03/230.06 miFlat 1, Climping Court, Rackham Road, Rustington, Littlehampton, West Sussex BN16 2LQ2
£258K08/230.06 miFlat 7, Climping Court, Rackham Road, Rustington, Littlehampton, West Sussex BN16 2LQ2
£285K06/230.08 miFlat 1, Selsey Court, Chanctonbury Road, Rustington, Littlehampton, West Sussex BN16 2LD2
£227K06/210.1 miDrake Court, 23, Overstrand Avenue, Rustington, Littlehampton, West Sussex BN16 2JS2
£252K02/230.1 miGrenville Court, 27, Overstrand Avenue, Rustington, Littlehampton, West Sussex BN16 2JS2
£290K11/220.11 miHardy Court, 38, Overstrand Avenue, Rustington, Littlehampton, West Sussex BN16 2JU2
£275K10/220.11 miCherry Tree Court, 23, Marama Gardens, Rustington, Littlehampton, West Sussex BN16 2ND2
£300K08/230.12 miBaytree Court, 15, Marama Gardens, Rustington, Littlehampton, West Sussex BN16 2ND2
£323K08/230.12 miCherry Tree Court, 37, Marama Gardens, Rustington, Littlehampton, West Sussex BN16 2ND2
£255K10/200.12 miApple Tree Court, 7, Marama Gardens, Rustington, Littlehampton, West Sussex BN16 2ND2
£230K01/210.12 miCherry Tree Court, 32, Marama Gardens, Rustington, Littlehampton, West Sussex BN16 2ND2
£260K11/200.12 miBaytree Court, 10, Marama Gardens, Rustington, Littlehampton, West Sussex BN16 2ND2
£245K06/210.12 miCherry Tree Court, 28, Marama Gardens, Rustington, Littlehampton, West Sussex BN16 2ND2
£270K01/230.13 miFlat 7, Rawson Court, Sea Lane, Rustington, Littlehampton, West Sussex BN16 2SD2
£250K05/230.13 miFlat 8, Rawson Court, Sea Lane, Rustington, Littlehampton, West Sussex BN16 2SD2
£320K04/210.14 miJellicoe Court, 58, Overstrand Avenue, Rustington, Littlehampton, West Sussex BN16 2JT2
£350K07/230.14 miJellicoe Court, 72, Overstrand Avenue, Rustington, Littlehampton, West Sussex BN16 2JT2
£325K06/230.17 miFlat 25, Strand Court, Harsfold Road, Rustington, Littlehampton, West Sussex BN16 2NT2
£335K02/230.17 miFlat 32, Strand Court, Harsfold Road, Rustington, Littlehampton, West Sussex BN16 2NT2
£287K05/210.18 miApartment 8, Coast, Harsfold Road, Rustington, Littlehampton, West Sussex BN16 2QR2
£317K09/210.18 miApartment 9, Coast, Harsfold Road, Rustington, Littlehampton, West Sussex BN16 2QR2
£195K11/200.2 miFlat 9, Shaftesbury Court, Shaftesbury Road, Rustington, Littlehampton, West Sussex BN16 2HU2
£225K10/230.2 miFlat 12a, Shaftesbury Court, Shaftesbury Road, Rustington, Littlehampton, West Sussex BN16 2HU2
£412K12/220.23 miFlat 18, Heritage Place, Broadmark Lane, Rustington, Littlehampton, West Sussex BN16 2GY2
£145K12/200.23 mi28, Harsfold Close, Rustington, Littlehampton, West Sussex BN16 2QQ2
£237.5K07/230.23 mi7, Harsfold Close, Rustington, Littlehampton, West Sussex BN16 2QQ2
£192.5K10/200.23 mi8, Harsfold Close, Rustington, Littlehampton, West Sussex BN16 2QQ2
£275K03/230.24 mi4, Summers Close, Rustington, Littlehampton, West Sussex BN16 2HY2
£315K04/210.25 miFlat 4, Pacific House, Harsfold Close, Rustington, Littlehampton, West Sussex BN16 2SS2
£300K10/200.25 miFlat 7, Pacific House, Harsfold Close, Rustington, Littlehampton, West Sussex BN16 2SS2
£350K05/230.26 miFlat 7, Caspian House, Harsfold Close, Rustington, Littlehampton, West Sussex BN16 2QT2
£250K09/230.29 mi89, The Martlets, Rustington, Littlehampton, West Sussex BN16 2UQ2
£258K03/210.29 mi81, The Martlets, Rustington, Littlehampton, West Sussex BN16 2UQ2
£227.5K03/210.29 mi89, The Martlets, Rustington, Littlehampton, West Sussex BN16 2UQ2
£250K03/230.31 mi2, Hazel Lodge, Rustington, Littlehampton, West Sussex BN16 2RW2
£225K12/200.31 mi4, Hazel Lodge, Rustington, Littlehampton, West Sussex BN16 2RW2
£215K04/230.31 mi25, The Martlets, Rustington, Littlehampton, West Sussex BN16 2UA2
£253K10/230.34 miFlat 2, Ilex House, Cudlow Garden, Rustington, Littlehampton, West Sussex BN16 2RL2
£255K03/230.34 miFlat 6, Ilex House, Cudlow Garden, Rustington, Littlehampton, West Sussex BN16 2RL2
£235K03/210.36 mi1, Cedar Lodge, Rustington, Littlehampton, West Sussex BN16 2RJ2
£250K05/230.37 miFlat 8, Rowan House, Cudlow Garden, Rustington, Littlehampton, West Sussex BN16 2RH2
£255K11/230.37 mi1, Mulberry Lodge, Rustington, Littlehampton, West Sussex BN16 2RN2

Local Rents

11 rents from £1.1K/mo to £1.4K/mo, average is £1.2K/mo.

RentDateDistanceAddressBeds 
£1,20012/240.06 miChurchill Court, Rustington2
£1,15012/240.09 miOverstrand Avenue, Rustington, Littlehampton, West Sussex2
£1,15007/230.18 mi-2
£1,19511/240.18 mi-2
£1,45012/240.23 miBroadmark Lane, Rustington, Littlehampton, West Sussex, BN162
£1,20012/240.27 miAegean House Harsfold Close, Rustington, West Sussex, BN162
£1,25012/240.28 miBroadmark Lane, Rustington2
£1,32512/240.35 miSutton Avenue, Rustington, Littlehampton, West Sussex, BN162
£1,40012/240.48 miRustington2
£1,20012/240.49 miDolphin Way, Rustington, Littlehampton, West Sussex, BN162
£1,35012/240.57 miOld Manor Road, Rustington2

Local Area Statistics

Population in BN16

28,125

Population in Littlehampton

56,651

Town centre distance

1.27 miles away

Nearest school

0.90 miles away

Nearest train station

1.37 miles away

 

 

Rental growth (12m)

+13%

Sales demand

Balanced market

Capital growth (5yrs)

+16%

Property History

Listed for £270,000

February 27, 2024

Floor Plans

Description

  • Two Double Bedrooms +
  • Generous Living Accommodation +
  • Patio and Seaviews +
  • Garage in Compound +
  • Long Lease of 960 Years +

Located in the highly sought-after Overstrand Development on Rustington Seafront, this GROUND FLOOR two-bedroom apartment offers a fantastic opportunity. Enjoying a delightful patio area with captivating views towards the sea and being offered CHAIN FREE, this apartment is truly a gem worth exploring. Overstrand benefits from its prime position at the base of Sea Lane, providing effortless access to both Rustington and Littlehampton villages, and being just a stone's throw away from the beach. Call our Rustington Branch to view

Upon entering the apartment, its generous proportions immediately stand out, evident from the spacious hallway. Featuring two sizable storage cupboards and access to all principal rooms, this home offers convenience and practicality. Both bedrooms impress with their ample size, complete with built-in wardrobes for added functionality. The bathroom boasts bath and walk in shower.

The expansive open-plan living area comprises a lounge area with sliding doors leading out to the inviting patio, while the semi-open Kitchen/Diner layout is perfect for entertaining guests. The kitchen itself is well-appointed with plenty of storage and ample worktop space.

The patio area is a delightful spot offering views of the communal gardens and the sea beyond, providing a tranquil retreat. Completing the package, the apartment includes a garage en bloc and benefits from a long lease, adding to its appeal and value.

Agent Details

Graham Butt Estate Agents, Rustington

01903 944870

Next Steps?

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