3 Bed Flat, Single Let, Bognor Regis, PO21 2PD, £200,000

Aldwick Road, Bognor Regis, West Sussex, PO21 2PD - 1 views - a year ago

BTL
ROI: 4%
~93 m²
+4 photos

ValuationUndervalued











Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£50,000

Stamp Duty & Legal Fees

£8,250

Total Cash In

£58,250

 

 

Cash Out

 

Rent Range

£1,060 - £2,525

Rent Estimate

£1,250

Running Costs/mo

£895

Cashflow/mo

£355

Cashflow/yr

£4,260

ROI

7%

Gross Yield

8%













Local Rents

12 rents from £1.1K/mo to £2.5K/mo, average is £1.3K/mo.

RentDateDistanceAddressBeds 
£1,45006/240.1 miShelley Road, PO213
£1,25006/240.2 miPark Road, Bognor Regis, PO213
£2,52502/250.21 mi-3
£1,20006/240.31 miKyoto Court, Bognor Regis, West Sussex, PO213
£1,25006/240.31 miKyoto Court, Nyewood Lane, Bognor Regis, PO213
£1,25007/240.33 miWrenfield Place, Scott Close, Bognor Regis, PO213
£1,30007/240.4 miGilwynes, Aldwick3
£1,30002/250.41 mi-3
£1,30006/240.44 miGainsboro Road, Bognor Regis3
£1,60007/240.46 miMarshall Avenue, Bognor Regis, PO213
£1,35006/240.53 mi-3
£1,06009/240.61 mi-3

Local Area Statistics

Population in PO21

39,509

Population in Bognor Regis

68,380

Town centre distance

0.76 miles away

Nearest school

0.50 miles away

Nearest train station

0.62 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+28%

Sales demand

Balanced market

Capital growth (5yrs)

+19%

Property History

Price changed to £200,000

December 10, 2024

Price changed to £225,000

December 4, 2024

Listed for £235,000

March 26, 2024

Description

  • EPC D - C.Tax C +

  • Ground Floor Apartment +

  • Two / Three Bedrooms +

  • One / Two Reception Rooms +

  • Kitchen +

  • Bathroom +

  • Garden / Off Road Parking +

  • New 999 Year Lease / Share of Freehold +

  • Chain Free +

EPC D - C.Tax C -Ground Floor Apartment -Two / Three Bedrooms - One / Two Reception Rooms
Kitchen - Bathroom -Garden / Off Road Parking
Long Lease - Chain Free - Close To Amenities - New 999 Year Lease On Completion - Share Of Freehold - Further Scope for Personalisation

IMPORTANT NOTE TO POTENTIAL PURCHASERS & TENANTS:
We endeavour to make our particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact. The services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. All photographs and measurements have been taken as a guide only and are not precise. Floor plans where included are not to scale and accuracy is not guaranteed. If you require clarification or further information on any points, please contact us, especially if you are traveling some distance to view. POTENTIAL PURCHASERS: Fixtures and fittings other than those mentioned are to be agreed with the seller. POTENTIAL TENANTS: All properties are available for a minimum length of time, with the exception of short term accommodation. Please contact the branch for details. A security deposit of at least one month’s rent is required. Rent is to be paid one month in advance. It is the tenant’s responsibility to insure any personal possessions. Payment of all utilities including water rates or metered supply and Council Tax is the responsibility of the tenant in every case.

QBO230453/2

Agent Details

Your Move, Bognor Regis

020 3879 5708

Next Steps?

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