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.
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
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