4 Bed Detached House, Planning Permission, Littlehampton, BN16 4EU, £460,000

The Woodman Arms, Angmering, Littlehampton, West Sussex, BN16 4EU - 7 views - a year ago

Cash
Planning
~129 m²
+27 photos

ValuationFair Value

Sold Prices£305K - £1.1M
Sold Prices/m²£2.7K/m² - £5.9K/m²

 

 

Square Metres

~129.26 m²
Price/m²£3.6K/m²

Value Estimate

£460,000

 

 

End Value (After Refurb)

£543,826

Uplift in Value

+18%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£115,000

Stamp Duty & Legal Fees

£25,500

Refurb Costs

£60,800

Bridging Loan Interest

£12,075

Total Cash In

£215,125

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£543,826

Mortgage (After Refinance)

£407,869

Mortgage LTV

75%

Cash Released

£62,869

Cash Left In

£152,256

Equity

£135,956

Rent Range

£1,470 - £2,500

Rent Estimate

£1,925

Running Costs/mo

£2,104

Cashflow/mo

£-179

Cashflow/yr

£-2,153

Gross Yield

5%

Local Sold Prices

50 sold prices from £305K to £1.1M, average is £482.5K. £2.7K/m² to £5.9K/m², average is £4.2K/m².

PriceDateDistanceAddressBeds 
£495K12/230.37 mi66a, Arundel Road, Angmering, Littlehampton, West Sussex BN16 4LL4
£427K01/230.7 mi11, Ashleigh Close, Angmering, Littlehampton, West Sussex BN16 4BX4
£398K05/210.73 mi14, Merryfield Crescent, Angmering, Littlehampton, West Sussex BN16 4DA4
£445K04/230.81 mi1, Weavers Hill, Angmering, Littlehampton, West Sussex BN16 4BP4
£675K06/230.96 mi56, Mill Road Avenue, Angmering, Littlehampton, West Sussex BN16 4HS4
£710K01/231.01 mi43, Mill Road Avenue, Angmering, Littlehampton, West Sussex BN16 4HR4
£625K02/211.04 mi14, Weavers Ring, Angmering, Littlehampton, West Sussex BN16 4AJ4
£565K12/221.08 mi32, Mill Road, Angmering, Littlehampton, West Sussex BN16 4HT4
£435K10/201.1 mi2, Lucksfield Way, Angmering, Littlehampton, West Sussex BN16 4GX4
£515K11/221.11 mi6, William Olders Road, Angmering, Littlehampton, West Sussex BN16 4FD4
£510K11/201.14 mi12, Henry Fletcher Close, Angmering, Littlehampton, West Sussex BN16 4FB4
£685K06/231.15 mi18, Carina Drive, Angmering, Littlehampton, West Sussex BN16 4NP4
£417.5K02/211.16 mi20, Wilkinson Close, Angmering, Littlehampton, West Sussex BN16 4FG4
£1.1M06/211.2 miFrance Barn, France Lane, Patching, Worthing, West Sussex BN13 3UP4
£496.5K08/231.21 mi61, Foxdale Drive, Angmering, Littlehampton, West Sussex BN16 4HF4
£415K08/231.21 mi4, Hazel Road, Angmering, Littlehampton, West Sussex BN16 4FS4
£350K02/211.21 mi5, Hazel Road, Angmering, Littlehampton, West Sussex BN16 4FR4
£430K09/211.24 mi23, Roman Avenue, Angmering, Littlehampton, West Sussex BN16 4GH4
£357.5K03/211.24 mi1, Roman Avenue, Angmering, Littlehampton, West Sussex BN16 4GH4
£399K04/211.24 mi37, Roman Avenue, Angmering, Littlehampton, West Sussex BN16 4GH4
£1.1M10/211.26 miEasingwold, Ham Manor Way, Angmering, Littlehampton, West Sussex BN16 4JQ4
£430K11/221.27 mi2, Windmill Close, Angmering, Littlehampton, West Sussex BN16 4FN4
£670K02/231.27 mi6, Ashmore Avenue, Angmering, Littlehampton, West Sussex BN16 4GG4
£580K11/231.27 mi20, Ashmore Avenue, Angmering, Littlehampton, West Sussex BN16 4GG4
£492.5K08/211.27 mi27, Ashmore Avenue, Angmering, Littlehampton, West Sussex BN16 4GG4
£520K01/211.28 mi5, Linfield Close, Angmering, Littlehampton, West Sussex BN16 4GP4
£495K02/211.31 mi10, Greenwood Drive, Angmering, Littlehampton, West Sussex BN16 4ND4
£515K05/231.31 mi38, Greenwood Drive, Angmering, Littlehampton, West Sussex BN16 4ND4
£425K01/211.31 mi5, Arundel Road, Poling, Arundel, West Sussex BN18 9PW4
£450K05/211.33 mi5, Chestnut Close, Angmering, Littlehampton, West Sussex BN16 4NF4
£440K04/211.35 mi8, Acorn Close, Angmering, Littlehampton, West Sussex BN16 4NE4
£420K04/211.38 mi11, Bramley Way, Angmering, Littlehampton, West Sussex BN16 4GA4
£482.5K07/231.38 mi35, Bramley Way, Angmering, Littlehampton, West Sussex BN16 4GA4
£536K02/231.38 mi6, Bramley Way, Angmering, Littlehampton, West Sussex BN16 4GA4
£735K03/211.4 miWilloughby Cottage, The Street, Patching, Worthing, West Sussex BN13 3XF4
£900K09/231.43 mi51, East Drive, Angmering, Littlehampton, West Sussex BN16 4JH4
£1.1M11/221.43 mi7, East Drive, Angmering, Littlehampton, West Sussex BN16 4JH4
£875K11/201.43 mi35, East Drive, Angmering, Littlehampton, West Sussex BN16 4JH4
£330K11/201.66 mi57, The Leas, Rustington, Littlehampton, West Sussex BN16 3SE4
£305K05/211.72 mi11, Hailsham Close, East Preston, Littlehampton, West Sussex BN16 1DW4
£410K03/231.75 mi7, Warren Crescent, East Preston, Littlehampton, West Sussex BN16 1BH4
£375K09/211.77 mi8, Blenheim Close, Rustington, Littlehampton, West Sussex BN16 3SZ4
£330K11/201.78 mi14, Drewetts Close, Rustington, Littlehampton, West Sussex BN16 3TL4
£451.5K12/221.79 mi53, Worthing Road, East Preston, Littlehampton, West Sussex BN16 1DE4
£573K08/231.8 mi9, Blenheim Drive, Rustington, Littlehampton, West Sussex BN16 3SN4
£500K12/231.81 mi2, Foxes Close, Rustington, Littlehampton, West Sussex BN16 3TX4
£482.5K05/231.83 mi9, Hamilton Drive, Rustington, Littlehampton, West Sussex BN16 3TQ4
£475K08/211.85 mi2, Barwick Close, Rustington, Littlehampton, West Sussex BN16 3TT4
£450K12/201.85 mi11, Barwick Close, Rustington, Littlehampton, West Sussex BN16 3TT4
£420K03/211.85 mi4, Barwick Close, Rustington, Littlehampton, West Sussex BN16 3TT4

Local Rents

20 rents from £1.5K/mo to £2.5K/mo, average is £1.9K/mo.

RentDateDistanceAddressBeds 
£2,50012/240.2 miStarling View, Angmering4
£1,90012/240.2 miStarling View, Angmering3
£1,90012/240.26 miStarling View, Angmering, Littlehampton, West Sussex, BN163
£1,90012/240.26 miStarling View, Angmering, Littlehampton, West Sussex, BN163
£2,50012/240.26 miStarling View, Angmering, Littlehampton, West Sussex, BN164
£1,75012/240.48 miChantryfield Road, Angmering, Littlehampton, West Sussex, BN163
£2,00012/240.51 miPalmer Road Angmering BN165
£1,65012/240.55 miMeadowside Angmering BN163
£1,50012/240.61 miThe Heathers, Arundel Road, Angmering, BN163
£1,90012/240.88 miAngmering Village, Angmering, West Sussex, BN163
£2,50012/240.88 miAngmering Village, Angmering, West Sussex, BN164
£1,90012/240.88 miAngmering Village, Angmering, West Sussex, BN163
£1,90012/240.88 miAngmering Village, Angmering, West Sussex, BN163
£1,90012/240.88 miAngmering Village, Angmering, West Sussex, BN163
£1,70012/240.88 miHolmwood Way, Angmering, Littlehampton, West Sussex, BN163
£2,20012/241.1 miLucksfield Way, Angmering, West Sussex5
£1,70012/241.21 miFoxdale Drive Angmering BN163
£1,80012/241.21 mi-3
£1,80012/241.21 mi-3
£1,47012/241.22 miRoman Avenue, Angmering, West Sussex3

Local Area Statistics

Population in BN16

28,125

Population in Littlehampton

56,651

Town centre distance

2.17 miles away

Nearest school

0.40 miles away

Nearest train station

1.74 miles away

 

 

Rental growth (12m)

+13%

Sales demand

Balanced market

Capital growth (5yrs)

+16%

Property History

Listed for £460,000

April 16, 2024

Floor Plans

Description

GUIDE PRICE £460,000 PLUS VAT

PLEASE VIEW OUR VIRTUAL HERE OR ON OUR WEBSITE

• QUICK SALE AVAILABLE AND PRICED TO SELL TO CASH BUYERS

• A WELL-PRESENTED OFFICE BUILDING THAT WAS PREVIOUSLY A PUB (A3/A4 AND A5) & COULD BE CONVERTED TO A HOUSE SUBJECT TO PLANNING.

• 3,116 SQUARE FEET IN ALL

• GROUNDS OF CIRCA 0.49 OF AN ACRE & WITH POTENTIAL TO BUILD RESIDENTIAL HOUSES IN GROUNDS SUBJECT TO PLANNING

• EXCELLENT DEVELOPMENT & INVESTMENT ASSET

• FITTED WITH FAST BROADBAND & OFFICE SYSTEMS

• EASILY CONVERTIBLE BACK TO A PUB OR INTO A LOVELY CHARACTER HOME

• BUILDING PLOTS POSSIBLE GROUNDS FOR TWO PLUS UNITS SUBJECT TO PLANNING

DESCRIPTION: A freehold detached former public house recently converted into multiple office spaces, with further development potential to convert into a dwelling/s (subject to the requisite consents).

The property is situated on an approx 0.49 acre plot, which offers future development potential to add additional dwelling/s to the site (subject to the requisite consents)

Currently arranged with a self-contained apartment on the first floor which has been converted into offices, but could be converted back.

The ground floor has some original features left including part of the bar, customer toilets and fireplace, which has also been partially converted into office space. Including a conference room and a meeting room.

There is also multiple car parking spaces located on site.
Characterful thatched pub that has recently been converted into offices, the property offers further development potential to convert into a dwelling/s. There is also further development potential to add additional dwellings in the grounds of the property (subject to required planning consent).

LOCATION: The Woodmans, Angmering, Littlehampton, West Sussex, BN16 4EU, is set off the A27 backing onto countryside at the end of a lane. Making this property either ideal for a commercial business or a country cottage at a sensible price with amazing potential to convert and able to benefit from a great logistically advantageous location.

ACCOMMODATION AND FLOOR LAYOUT: From the circa 0.49 of an acre car park you are able to approach The Woodman Arms Pub / office building which has a substantial character wooden door that opens into the buildings main entrance vestibule.

ENTRANCE VESTIBULE: Comprising of coconut matted floor, twin windows on each side with aspect to front, beamed ceiling, wooden door to the first reception room / lounge.

FIRST RECEPTION AREA / OLD PUB LOUNGE: with a fabulous brick inglenook with wood burner, York Stone paved floor, beamed ceiling, panelled walls, further beamed walls beyond is an existing pub / drinks serving bar area. From here you are able to the left and beyond the bar there is an access door to the Ladies, Gentlemen’s and disabled toilets arrangement, or to the right a slightly private dining area. To the right of the bar there is a large open plan reception area presently used as office space and before was utilized as pub dining and drinking areas.

PRIVATE DINING AREA / OFFICE ROOM: Comprising of half panelled walls, wall lights, red brick floor, beamed ceiling, window to front gardens, historic doorway to outside, radiator.

FURTHER OLD PUB LOUNGE / OFFICE AREA CURRENTLY: With beamed ceiling, beamed walls, part panelled walls, paned window to front garden, archway leading to third old pub lounge and dining area currently used as further open plan offices.

THIRD OLD PUB LOUNGE & DINING AREA NOW USED AS FURTHER OFFICE AREA: With beamed ceilings, radiator, windows to side and front, door to outside front grounds.

INNER HALL: With doors leading to the kitchen / utility room, as well as a further door leading off to a conference room.

CONFERENCE ROOM: With carpeted floor, downlighting, skylights, door to rear outside grounds.

KITCHEN / UTILITY ROOM: With range of modern cupboard and base units with worktops over, stainless steel sink, tiled wall, space for appliances, door to outside.

TOILET SECTION: Comprising of a main lobby and doors leading off to three sections, being the ladies, men’s and disabled toilet areas.

SIDE RECEPTION HALL: Comprising of a carpeted floor, storage cupboards, radiator, substantial wooden character door to side gardens, staircase leading to the first-floor landing and further office rooms.

FIRST FLOOR LANDING: Carpeted floor, beam to ceiling, radiator, doors to kitchen, office room 1, 2 and 3 which were previous bedrooms, as well as a toilet and washroom.

KITCHEN: Which was previously a bedroom and comprises of a range of kitchen units with worktops with sink unit, radiator, space for appliances, radiator, windows to front.

OFFICE ROOM ONE: A double sized room with vaulted ceiling, brick feature chimney breast, radiator, window with aspect to front.

OFFICE ROOM TWO: A small double sized room with radiator, window with aspect to front garden.

OFFICE ROOM THREE: A double sized room with beams to ceiling, storage cupboards, radiator, window with aspect to side gardens.

TOILETS AND WASHROOM: Comprising of wash basin with vanity cupboard under, two cloakrooms, radiator, window with views.

OUTSIDE: The property has circa 0.49 of an acre of grounds including parking and gardens. PLEASE NOTE: There may be potential to build in the property’s grounds to create a pair of semi detached houses subject to planning.

PLEASE NOTE: There could also be potential to change the office building which was previously a pub into a wonderful cottage residence subject to planning.

COMMERCIAL EPC: D

VIEWINGS STRICTLY BY APPOINTMENT ONLY WITH NEVILLE AND NEVILLE

Agent Details

Neville & Neville Estate Agents, Cowbeech

01323 679845

Next Steps?

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