2 Bed Terraced House, Refurb/BRRR, Bognor Regis, PO21 2PJ, £259,950

Wood Street, Bognor Regis, PO21 2PJ - a year ago

Refurb/BRRR
ROI: 3%
~65 m²
+6 photos

ValuationOvervalued











Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£64,988

Stamp Duty & Legal Fees

£9,496

Refurb Costs

£29,977

Bridging Loan Interest

£6,824

Total Cash In

£113,034

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£215,000

Mortgage (After Refinance)

£161,250

Mortgage LTV

75%

Cash Left In

£113,034

Equity

£53,750

Rent Range

£850 - £2,500

Rent Estimate

£1,176

Running Costs/mo

£927

Cashflow/mo

£249

Cashflow/yr

£2,988

ROI

3%

Gross Yield

5%













Local Rents

48 rents from £850/mo to £2.5K/mo, average is £1.1K/mo.

RentDateDistanceAddressBeds 
£1,20007/240.04 miNyewood Place, Bognor Regis, PO212
£1,25006/240.05 miWood Street, Bognor Regis, West Sussex, PO212
£1,17012/240.07 mi-2
£1,07507/240.08 miRichmond Avenue, Bognor Regis, West Sussex, PO212
£1,10006/240.11 miAldwick Road, BOGNOR REGIS2
£1,10007/240.11 miAldwick Road Bognor Regis PO212
£1,20006/240.15 miPark Road Bognor Regis PO212
£1,10006/240.15 miPark Road, Bognor Regis, West Sussex, PO212
£1,73502/250.18 mi-2
£1,20006/240.18 miMarine Park, Nyewood Lane, Bognor Regis, PO212
£1,30006/240.18 miPark Terrace, Bognor Regis2
£1,40007/240.18 miPark Terrace, BOGNOR REGIS2
£1,45006/240.19 miVictoria Road South, Bognor Regis, PO212
£1,25006/240.21 miPrincess Avenue, Aldwick, Bognor Regis, PO212
£1,30007/240.22 miMarine Parade Aldwick Bognor Regis West Sussex2
£1,05006/240.23 miNorfolk Square, Bognor Regis2
£1,20006/240.24 miGrafton, Norfolk Square, Bognor Regis, PO212
£94506/240.28 miCavendish Road, Bognor Regis2
£95001/250.33 mi-2
£1,10007/240.34 miWest Street, Bognor Regis, West Sussex2
£2,50011/240.36 mi-2
£1,29507/240.39 miRoyal Hotel, The Esplanade, Bognor Regis, PO212
£1,20006/240.4 miSteyne Street, Bognor Regis, West Sussex, PO212
£1,10007/240.41 miThe Steyne, PO212
£92502/250.41 mi-2
£95007/240.41 miBurnham Avenue, Bognor Regis, PO212
£1,00006/240.41 miBurnham Avenue, BOGNOR REGIS2
£1,45006/240.42 miThe Esplanade Bognor Regis PO212
£95007/240.43 miManor Place, Bognor Regis2
£1,05007/240.49 miCanada Grove, Bognor Regis, PO212
£1,15006/240.5 miMerchant Street, Bognor Regis2
£1,25007/240.5 miEversley Court, Aldwick Avenue, Bognor Regis, PO212
£92507/240.5 miFitzleet House Queensway BOGNOR REGIS West Sussex2
£97507/240.5 miFitzleet House Queensway BOGNOR REGIS West Sussex2
£1,49506/240.51 miEversley Court, Aldwick Avenue, Bognor Regis, PO212
£1,60007/240.52 miAldwick 2
£87506/240.53 mi-2
£89502/250.53 mi-2
£89507/240.53 miLinden Road, Bognor Regis, PO212
£85006/240.53 mi-2
£97506/240.56 miRegis House, Richmond Road, Bognor Regis, PO212
£1,25007/240.56 miVictoria Drive, Bognor Regis, West Sussex, PO212
£1,40006/240.58 miPevensey Road Bognor Regis PO212
£1,17506/240.59 miTrotyn Croft, Aldwick Felds2
£1,25006/240.6 miBelmont Street, Bognor Regis, PO21 1JW2
£97507/240.6 miLongford Road, BOGNOR REGIS2
£1,15007/240.61 mi-2
£1,15007/240.61 mi-2

Local Area Statistics

Population in PO21

39,509

Population in Bognor Regis

68,380

Town centre distance

0.71 miles away

Nearest school

0.50 miles away

Nearest train station

0.57 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+28%

Sales demand

Balanced market

Capital growth (5yrs)

+19%

Property History

Listed for £259,950

April 4, 2024

Sold for £168,500

2010

Sold for £120,000

2003

Sold for £77,000

2001

Floor Plans

Description

  • Charming Victorian Cottage +
  • Beautifully Renovated +
  • Two Bedrooms +
  • Short Walking Distance Of Shops, Promenade & Beach Front +
  • Gas Fired Central Heating +
  • UPVC Double Glazing +
  • Modern Fitments to Kitchen +
  • Well Appointed Shower Room +
  • Council Tax Band C +
  • Internal Viewing Recommended +

A BEAUTIFULLY presented Victorian Cottage, situated in a quiet backwater on the west side of Bognor Regis affording easy access to local amenities including shopping, restaurants, public houses, Promenade and beach front. 

This home has been subject to EXTENSIVE MODERNISATION and IMPROVEMENT in recent years and has the benefit of UPVC double glazing, together with a recently upgraded gas fired central heating system, with MODERN FITMENTS to both kitchen and shower room.

Bognor Regis Town Centre is just over one mile to the east, offering a wider range of amenities including railway station, whilst the historic centre of Chichester is some nine miles to the north-west, offering a wider range of amenities for cultural, shopping and sporting pursuits. 

INTERNAL VIEWING is HIGHLY RECOMMENDED to appreciate this CHARMING cottage home. 

PROPERTY DESCRIPTION

Composite front door to LIVING ROOM
12' 2" (3.7m) x 10' 9" (3.27m) Plus deep bay window:
Radiator, fireplace recess, plantation blinds.

DINING ROOM
10' 9" (3.27m) x 9' 11" (3.02m):
Original cast iron fire surround, under stairs storage cupboard, radiator.

KITCHEN
11' 11" (3.62m) x 6' 5" (1.95m):
Having been remodelled and comprising inset one and a quarter bowl composite sink unit with monobloc taps, range of marble work surfaces incorporating drawer and cupboard fitments under, fitted eye level wall cupboards, integrated four burner stainless steel Samsung gas hob with stainless steel canopy over incorporating light and extractor filter, split level stainless steel Samsung oven with storage cupboards above and below, space suitable for fridge/freezer, space and plumbing for washing machine, glazed door to rear access.

FIRST FLOOR & LANDING:
Radiator, access to roof space.

BEDROOM ONE
11' 11" (3.62m) x 10' 10" (3.29m) Plus deep bay window:
Original cast iron fire surround, radiator, fitted plantation blinds.

BEDROOM TWO
9' 10" (3m) x 7' 1" (2.17m):
Radiator, recessed cupboard.

WELL APPOINTED SHOWER ROOM:
Comprising double width shower with fully tiled surround, WC, wash basin with tiled splash back, radiator.

OUTSIDE & GENERAL:
There is a small enclosed area of garden to the front. To the rear there is a small walled courtyard with rear pedestrian access.

COUNCIL TAX BAND:
Council tax band C.

Agent Details

Gilbert & Cleveland, Bognor Regis

020 3879 4753

Next Steps?

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