3 Bed Semi-Detached House, Refurb/BRRR, Littlehampton, BN16 2PP, £349,950

2 Milton Avenue, Rustington, BN16 2PP - 4 views - a year ago

Refurb/BRRR
Planning
~93 m²
+10 photos

ValuationFair Value

Sold Prices£160K - £715K
Sold Prices/m²£2.2K/m² - £7K/m²

 

 

Square Metres

~93 m²
Price/m²£3.8K/m²

Value Estimate

£353,450

 

 

End Value (After Refurb)

£434,697

Uplift in Value

+24%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£87,488

Stamp Duty & Legal Fees

£16,696

Refurb Costs

£43,745

Bridging Loan Interest

£9,186

Total Cash In

£158,865

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£434,697

Mortgage (After Refinance)

£326,022

Mortgage LTV

75%

Cash Released

£63,560

Cash Left In

£95,305

Equity

£108,674

Rent Range

£1,295 - £1,850

Rent Estimate

£1,488

Running Costs/mo

£1,676

Cashflow/mo

£-188

Cashflow/yr

£-2,256

Gross Yield

5%

Local Sold Prices

50 sold prices from £160K to £715K, average is £340K. £2.2K/m² to £7K/m², average is £4.3K/m².

PriceDateDistanceAddressBeds 
£267K03/210.05 mi5, The Street, Rustington, Littlehampton, West Sussex BN16 3PA3
£397.5K04/230.08 mi4, Henry Avenue, Rustington, Littlehampton, West Sussex BN16 2NY3
£335K02/210.08 mi7, Henry Avenue, Rustington, Littlehampton, West Sussex BN16 2NY3
£321K06/210.08 mi20, Henry Avenue, Rustington, Littlehampton, West Sussex BN16 2NY3
£435K10/220.09 mi1, North Lane, Rustington, Littlehampton, West Sussex BN16 3PB3
£477K05/210.1 mi10, Chaucer Avenue, Rustington, Littlehampton, West Sussex BN16 2PQ3
£520K03/210.1 mi24, Walnut Avenue, Rustington, Littlehampton, West Sussex BN16 3NY3
£360K06/210.11 mi25, Henry Avenue, Rustington, Littlehampton, West Sussex BN16 2PA3
£380K02/230.11 mi42, Henry Avenue, Rustington, Littlehampton, West Sussex BN16 2PA3
£160K05/210.13 mi4, White Horses Way, Littlehampton, West Sussex BN17 6NH3
£440K04/230.13 mi5, White Horses Way, Littlehampton, West Sussex BN17 6NH3
£460K11/200.13 mi8, North Lane, Rustington, Littlehampton, West Sussex BN16 3PD3
£290K06/210.15 mi60, Tennyson Avenue, Rustington, Littlehampton, West Sussex BN16 2PH3
£325K02/210.15 mi26, Tennyson Avenue, Rustington, Littlehampton, West Sussex BN16 2PH3
£435K05/230.15 mi58, Tennyson Avenue, Rustington, Littlehampton, West Sussex BN16 2PH3
£325K08/230.15 mi56, Tennyson Avenue, Rustington, Littlehampton, West Sussex BN16 2PH3
£393.5K01/210.16 mi58, Milton Avenue, Rustington, Littlehampton, West Sussex BN16 2PL3
£360K12/220.17 mi17, Beaumont Park, Littlehampton, West Sussex BN17 6PE3
£347.5K10/200.17 mi9, Beaumont Park, Littlehampton, West Sussex BN17 6PE3
£299.9K06/210.17 mi5, Wendy Ridge, Rustington, Littlehampton, West Sussex BN16 3PJ3
£572.5K07/230.18 mi8, Acre Close, Rustington, Littlehampton, West Sussex BN16 3PG3
£715K06/210.18 mi38, The Street, Rustington, Littlehampton, West Sussex BN16 3NX3
£302.5K05/210.18 mi3, Wendy Ridge, Rustington, Littlehampton, West Sussex BN16 3PJ3
£293.3K04/210.18 mi29, Wendy Ridge, Rustington, Littlehampton, West Sussex BN16 3PJ3
£330K03/210.2 mi10, Wendy Ridge, Rustington, Littlehampton, West Sussex BN16 3PJ3
£330K06/210.2 mi121, Old Manor Road, Rustington, Littlehampton, West Sussex BN16 3QD3
£330K01/210.2 mi101, Old Manor Road, Rustington, Littlehampton, West Sussex BN16 3QD3
£447K06/210.2 mi18, Parry Drive, Rustington, Littlehampton, West Sussex BN16 2QY3
£280K02/210.21 mi70, Windward Close, Littlehampton, West Sussex BN17 6QX3
£258.5K03/210.21 mi65, Windward Close, Littlehampton, West Sussex BN17 6QX3
£365K06/210.22 mi28, Whitehorses Way, Littlehampton, West Sussex BN17 6NP3
£299.9K07/210.23 mi51, Admirals Walk, Littlehampton, West Sussex BN17 6RH3
£250K02/210.23 mi30, Admirals Walk, Littlehampton, West Sussex BN17 6RH3
£345K12/210.23 mi78, Armada Way, Littlehampton, West Sussex BN17 6QY3
£230K12/200.23 mi28, Armada Way, Littlehampton, West Sussex BN17 6QY3
£465K03/230.24 mi80, Milton Avenue, Rustington, Littlehampton, West Sussex BN16 2PJ3
£370K08/210.25 mi18, The Crescent, Rustington, Littlehampton, West Sussex BN16 2PE3
£275K03/210.25 mi32, Brendon Way, Rustington, Littlehampton, West Sussex BN16 3PN3
£365K12/220.26 mi104, Southfields Road, Littlehampton, West Sussex BN17 6PD3
£620K07/230.26 mi9, Holmes Lane, Rustington, Littlehampton, West Sussex BN16 2QA3
£385K11/220.26 mi70, Southfields Road, Littlehampton, West Sussex BN17 6PB3
£265K02/210.26 mi56, Beaumont Park, Littlehampton, West Sussex BN17 6PF3
£255K12/200.26 mi60, Beaumont Park, Littlehampton, West Sussex BN17 6PF3
£323K04/230.27 mi30, Dingley Road, Rustington, Littlehampton, West Sussex BN16 3PY3
£449.3K10/210.28 mi48, Holmes Lane, Rustington, Littlehampton, West Sussex BN16 2PY3
£505K12/220.28 mi48, Holmes Lane, Rustington, Littlehampton, West Sussex BN16 2PY3
£325K05/210.29 mi9, The Cape, Littlehampton, West Sussex BN17 6PL3
£255K09/210.29 mi29, The Cape, Littlehampton, West Sussex BN17 6PL3
£325K04/230.29 mi2, The Cape, Littlehampton, West Sussex BN17 6PL3
£635K02/230.29 mi7, Cove Road, Rustington, Littlehampton, West Sussex BN16 2QW3

Local Rents

14 rents from £1.3K/mo to £1.9K/mo, average is £1.5K/mo.

RentDateDistanceAddressBeds 
£1,59903/250.25 mi-3
£1,50012/240.3 miChurch Road Rustington BN163
£1,35012/240.31 mi-3
£1,65012/240.32 miParham Close, Rustington, Littlehampton, West Sussex, BN163
£1,85012/240.33 miShopfield Close, Rustington, Littlehampton, West Sussex, BN163
£1,40004/240.35 mi-3
£1,29512/240.37 miDinsdale Gardens, Rustington3
£1,49512/240.38 miKirdford Close, Rustington, Littlehampton3
£1,49512/240.38 miKirdford Close, Rustington, Littlehampton3
£1,49512/240.38 miKirdford Close, Rustington, Littlehampton3
£1,32512/240.47 miFontwell Close, Rustington3
£1,65012/240.51 miBroadmark Lane, Rustington, BN163
£1,35012/240.56 miWorthing Road, Rustington, Littlehampton, BN163
£1,40012/240.58 miBrookenbee Close, Rustington, BN163

Local Area Statistics

Population in BN16

28,125

Population in Littlehampton

56,651

Town centre distance

0.71 miles away

Nearest school

0.40 miles away

Nearest train station

1.24 miles away

 

 

Rental growth (12m)

+13%

Sales demand

Balanced market

Capital growth (5yrs)

+16%

Property History

Listed for £349,950

March 7, 2024

Sold for £112,500

2001

Sold for £96,840

1998

Description

  • Extended home on sought after Poets Estate +
  • Some modernisation required (subject to planning consents) +
  • Walking distance to Rustington Village & seafront +
  • Good schools for all ages nearby +
  • No ongoing chain +

PUBLIC NOTICE

2 Milton Avenue, Rustington, BN16 2PP We are in receipt of an offer of £360,000 subject to contract for this property. Anyone wishing to place a higher offer must do so before legal exchange of contracts. Extended 3 bedroom semi-detached house with loft room and off road parking. The property is situated on the ever popular "Poets Estate" within walking distance to Rustington Village with it's shops, restaurants and amenities and only a short distance to the seafront and greensward. The property is offered for sale with no ongoing chain and is in need of some modernisation (subject to planning permissions) and has gardens to 3 sides.

More details

PUBLIC NOTICE - 2 Milton Avenue, Rustington, BN16 2PP We are in receipt of an offer of £360,000 subject to contract for this property. Anyone wishing to place a higher offer must do so before legal exchange of contracts. Extended 3 bedroom semi-detached house with loft room and off road parking. The property is situated on the ever popular "Poets Estate" within walking distance to Rustington Village with it's shops, restaurants and amenities and only a short distance to the seafront and greensward. The property is offered for sale with no ongoing chain and is in need of some modernisation (subject to planning permissions) and has gardens to 3 sides.

Room sizes:

  • Entrance Hallway
  • Cloakroom
  • Lounge: 14'4 x 11'9 (4.37m x 3.58m)
  • Dining Room: 12'0 x 10'9 (3.66m x 3.28m)
  • Conservatory
  • Family Room: 11'8 x 9'8 (3.56m x 2.95m)
  • Kitchen: 12'6 maximum x 11'6 maximum (3.81m x 3.51m)
  • Landing
  • Bedroom 1: 11'9 x 11'6 (3.58m x 3.51m)
  • Bedroom 2: 10'2 x 8'1 (3.10m x 2.47m)
  • Bedroom 3: 10'5 x 6'9 (3.18m x 2.06m)
  • Bathroom
  • Loft Room
  • Front Garden
  • Side Garden
  • Rear Garden
  • Driveway  
    The information provided about this property does not constitute or form part of an offer or contract, nor may be it be regarded as representations. All interested parties must verify accuracy and your solicitor must verify tenure/lease information, fixtures & fittings and, where the property has been extended/converted, planning/building regulation consents. All dimensions are approximate and quoted for guidance only as are floor plans which are not to scale and their accuracy cannot be confirmed. Reference to appliances and/or services does not imply that they are necessarily in working order or fit for the purpose.
     
    We are pleased to offer our customers a range of additional services to help them with moving home. None of these services are obligatory and you are free to use service providers of your choice. Current regulations require all estate agents to inform their customers of the fees they earn for recommending third party services. If you choose to use a service provider recommended by Cubitt & West, details of all referral fees can be found at the link below. If you decide to use any of our services, please be assured that this will not increase the fees you pay to our service providers, which remain as quoted directly to you.

Agent Details

Cubitt & West, Rustington

01903 497277

Next Steps?

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