2 Bed Terraced House, Refurb/BRRR, Littlehampton, BN16 3PY, £280,000

2 Boxgrove Parade, Goring, Worthing, West Sussex, BN12 6BR - a year ago

Sold STC
Refurb/BRRR
~78 m²
+7 photos

ValuationFair Value

Sold Prices£227.5K - £835K
Sold Prices/m²£3K/m² - £11.3K/m²

 

 

Square Metres

~78.20 m²
Price/m²£3.6K/m²

Value Estimate

£280,000

 

 

End Value (After Refurb)

£306,358

Uplift in Value

+9%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£70,000

Stamp Duty & Legal Fees

£11,100

Refurb Costs

£36,784

Bridging Loan Interest

£7,350

Total Cash In

£126,984

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£306,358

Mortgage (After Refinance)

£229,768

Mortgage LTV

75%

Cash Released

£19,768

Cash Left In

£107,215

Equity

£76,589

Rent Range

£995 - £1,600

Rent Estimate

£1,236

Running Costs/mo

£1,225

Cashflow/mo

£11

Cashflow/yr

£137

ROI

0%

Gross Yield

5%

Local Sold Prices

51 sold prices from £227.5K to £835K, average is £325K. £3K/m² to £11.3K/m², average is £4.6K/m².

PriceDateDistanceAddressBeds 
£395K01/210.02 mi4, Dingley Road, Rustington, Littlehampton, West Sussex BN16 3PY2
£485K12/210.02 mi2, Dingley Road, Rustington, Littlehampton, West Sussex BN16 3PY2
£355K12/230.02 mi10, Dingley Road, Rustington, Littlehampton, West Sussex BN16 3PY2
£325K10/230.02 mi16, Dingley Road, Rustington, Littlehampton, West Sussex BN16 3PY2
£280K05/210.05 mi51, Church Road, Rustington, Littlehampton, West Sussex BN16 3NN2
£337K06/230.05 mi57, Church Road, Rustington, Littlehampton, West Sussex BN16 3NN2
£390K12/230.05 mi15, Church Road, Rustington, Littlehampton, West Sussex BN16 3NN2
£345K11/210.05 mi14, Wakehurst Place, Rustington, Littlehampton, West Sussex BN16 3NG2
£315K07/230.05 mi18, Wakehurst Place, Rustington, Littlehampton, West Sussex BN16 3NG2
£315K07/230.05 mi18, Wakehurst Place, Rustington, Littlehampton, West Sussex BN16 3NG2
£490K06/230.08 mi127, Old Manor Road, Rustington, Littlehampton, West Sussex BN16 3PX2
£252K03/210.12 mi11, Fittleworth Garden, Rustington, Littlehampton, West Sussex BN16 3EW2
£250K12/200.12 mi100, Dinsdale Gardens, Rustington, Littlehampton, West Sussex BN16 3NT2
£835K08/230.15 mi55, The Street, Rustington, Littlehampton, West Sussex BN16 3NU2
£227.5K11/200.15 mi51, Chichester Court, Rustington, Littlehampton, West Sussex BN16 3EL2
£260K02/210.15 mi3, Chichester Court, Rustington, Littlehampton, West Sussex BN16 3EL2
£245K08/210.15 mi49, Chichester Court, Rustington, Littlehampton, West Sussex BN16 3EL2
£495K10/230.17 mi14, Box Tree Avenue, Rustington, Littlehampton, West Sussex BN16 2RA2
£265K03/210.18 mi2, Eastergate Green, Rustington, Littlehampton, West Sussex BN16 3EN2
£255K11/200.21 mi27, Bramber Square, Rustington, Littlehampton, West Sussex BN16 3EJ2
£260K04/210.21 mi10, Bramber Square, Rustington, Littlehampton, West Sussex BN16 3EJ2
£545K06/230.23 mi3, Acre Close, Rustington, Littlehampton, West Sussex BN16 3PG2
£260K04/230.24 mi81, Ash Lane, Rustington, Littlehampton, West Sussex BN16 3BS2
£565K03/230.25 mi9, Parry Drive, Rustington, Littlehampton, West Sussex BN16 2QY2
£325K03/210.25 mi51, Chaucer Avenue, Rustington, Littlehampton, West Sussex BN16 2PQ2
£285K12/200.25 mi21, Chaucer Avenue, Rustington, Littlehampton, West Sussex BN16 2PQ2
£355K05/230.25 mi47, Chaucer Avenue, Rustington, Littlehampton, West Sussex BN16 2PQ2
£325K11/200.27 mi22, Ash Lane, Rustington, Littlehampton, West Sussex BN16 3BT2
£234K01/210.28 mi1, Conbar Avenue, Rustington, Littlehampton, West Sussex BN16 3LZ2
£249K03/210.28 mi41, Conbar Avenue, Rustington, Littlehampton, West Sussex BN16 3LZ2
£280K10/230.28 mi29, Conbar Avenue, Rustington, Littlehampton, West Sussex BN16 3LZ2
£235K12/200.28 mi24, Conbar Avenue, Rustington, Littlehampton, West Sussex BN16 3LY2
£280K03/230.28 mi28, Conbar Avenue, Rustington, Littlehampton, West Sussex BN16 3LY2
£445K02/230.28 mi4, Milton Avenue, Rustington, Littlehampton, West Sussex BN16 2PP2
£400K12/200.29 mi11, Broadmark Lane, Rustington, Littlehampton, West Sussex BN16 2NW2
£700K08/230.29 mi15, Broadmark Lane, Rustington, Littlehampton, West Sussex BN16 2NW2
£395K01/210.3 miGrove Cottage, Stonefields, Rustington, Littlehampton, West Sussex BN16 3BY2
£335K06/210.3 miRossida, Stonefields, Rustington, Littlehampton, West Sussex BN16 3BY2
£351.8K12/200.31 mi2, Milton Close, Rustington, Littlehampton, West Sussex BN16 2PN2
£300K06/230.31 mi65, Chaucer Avenue, Rustington, Littlehampton, West Sussex BN16 2PG2
£245K11/200.33 mi15, Albert Road, Rustington, Littlehampton, West Sussex BN16 3JS2
£285K12/200.35 mi21, Chaucer Avenue, Rustington, Littlehampton, West Sussex BN16 2PQ2
£375K08/210.37 mi27, Holmes Lane, Rustington, Littlehampton, West Sussex BN16 2PY2
£365K01/210.39 mi139, Worthing Road, Rustington, Littlehampton, West Sussex BN16 3PR2
£490K01/230.39 mi1, Amberley Road, Rustington, Littlehampton, West Sussex BN16 2EE2
£425K05/230.41 mi61, Tennyson Avenue, Rustington, Littlehampton, West Sussex BN16 2PH2
£750K02/230.42 mi4, Broadmark Way, Rustington, Littlehampton, West Sussex BN16 2EY2
£335K12/220.42 mi1a, Brookside Avenue, Rustington, Littlehampton, West Sussex BN16 3LF2
£265K02/210.43 mi27, Admirals Walk, Littlehampton, West Sussex BN17 6RH2
£290K06/210.43 mi31, Admirals Walk, Littlehampton, West Sussex BN17 6RH2
£265K11/210.43 mi19, Duncton Road, Rustington, Littlehampton, West Sussex BN16 3LA2

Local Rents

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

RentDateDistanceAddressBeds 
£1,35012/240.08 miOld Manor Road, Rustington2
£1,25012/240.12 miFittleworth Garden, Rustington, West Sussex2
£1,15012/240.12 miFittleworth Gardens, Rustington, Rustington, BN162
£1,20012/240.13 miWoodlands Avenue, Rustington, Littlehampton2
£1,20012/240.17 miDinsdale Gardens, Rustington, Littlehampton, BN162
£99512/240.19 miMendip Court, Woodlands Avenue, Rustington, West Sussex2
£1,40012/240.25 miRustington2
£1,30003/250.3 mi-2
£1,10012/240.42 miWorthing Road, Rustington, Littlehampton2
£1,60012/240.48 miFircroft Crescent, Rustington2
£1,15007/230.51 mi-2
£1,19511/240.51 mi-2
£1,32512/240.51 miSutton Avenue, Rustington, Littlehampton, West Sussex, BN162
£1,09512/240.51 miLanyards, Littlehampton, West Sussex2
£1,20012/240.51 miLanyards, Littlehampton, West Sussex, BN172
£1,25012/240.52 miCapstan Drive, Beaumont Park2
£1,20012/240.52 miCapstan Drive, Littlehampton, West Sussex2
£1,25012/240.58 miKeelson Way, Littlehampton, West Sussex, BN172
£1,45012/240.59 miBroadmark Lane, Rustington, Littlehampton, West Sussex, BN162
£1,20012/240.62 miChurchill Court, Rustington2
£1,15012/240.62 miOverstrand Avenue, Rustington, Littlehampton, West Sussex2

Local Area Statistics

Population in BN16

28,125

Population in Littlehampton

56,651

Town centre distance

0.80 miles away

Nearest school

0.30 miles away

Nearest train station

0.96 miles away

 

 

Rental growth (12m)

+13%

Sales demand

Balanced market

Capital growth (5yrs)

+16%

Property History

Price changed to £280,000

December 4, 2024

Listed for £299,950

March 11, 2024

Floor Plans

Description

  • Mid-Terraced House +
  • Lounge / Diner +
  • Two Double Bedrooms +
  • Good Sized Rear Garden +
  • Garage in Compound +
  • Close to Amenities +
  • NO FORWARD CHAIN +
  • Freehold +
  • EPC - AWAITING +
  • Council Tax - C +

Robert LUff & co are pleased to present this two double bedroom terrace house located in Rustington in need of modernisation. The property would make an ideal first home, offers fantastic living space, garden and a garage too. It is positioned close to local schools, schools, parks and transport links and is being offered with no ongoing chain.

Entrance Porch - Part obscured double glazed front door with double glazed window to side, storage cupboard housing wall mounted fuse box.

Entrance Halll - Part obscured double glazed door, storage cupboard under stairs housing gas meter.

Kitchen - 3.96 x 2.65 (12'11" x 8'8") - Measurements to include built in units. Range of matching floor and wall units with inset stainless steel sink, free standing cooker with gas hob, space and plumbing for washing machine, double glazed window to front, tiled splash backs, tiled floor.

Lounge / Diner - 4.6 x 3.72 (15'1" x 12'2") - Full height double glazed french doors to garden, double glazed window to rear, two radiators, wood effect flooring.

W/C - Low level W.C, vanity unit with storage below and wash hand basin above, obscured double glazed window to front, tiled floor.

First Floor Landing - Loft access with pull down ladder, storage cupboard offering shelving and housing hot water tank.

Bedroom One - 4.49 x 2.84 (14'8" x 9'3") - Measurements to exclude built in cupboard, two radiators, two double glazed windows to rear.

Bedroom Two - 4.31 x 2.71 (14'1" x 8'10") - Measurements to include built in cupboards, double glazed window to front, radiator.

Bathroom - White bathroom suite, pvc panelled bath with electric shower and glass screen over, pedestal wash hand basin, low level W.C, part tiled walls, heated towel rail, part tiled walls, obscured double glazed window to front.

Rear Garden - Mainly laid to patio, range of shrubs and trees, fenced surround, greenhouse.

Garage - Located in compound accessed from Dingley Road, up and over main door, pre fab construction.

The information provided about this property does not constitute or form any part of an offer or contract, nor may it be regarded as representations. All interested parties must verify accuracy and your solicitor must verify tenure/lease information, fixtures and 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. References to appliances and/or services does not imply that they are necessarily in working order or fit for the purpose.

Agent Details

Robert Luff & Co, Goring by Sea

01903 497320

Next Steps?

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