4 Bed Detached House, Refurb/BRRR, Bognor Regis, PO21 4EQ, £650,000

Hamilton Gardens, Aldwick, Bognor Regis, PO21 4EQ - 10 months ago

Sold STC
Refurb/BRRR
~159 m²
+8 photos

ValuationOvervalued

Sold Prices£309K - £2.3M
Sold Prices/m²£2.4K/m² - £6.2K/m²

 

 

Square Metres

~159.10 m²
Price/m²£4.1K/m²

Value Estimate

£568,295

 

 

End Value (After Refurb)

£637,141

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£162,500

Stamp Duty & Legal Fees

£42,700

Refurb Costs

£73,944

Bridging Loan Interest

£17,063

Total Cash In

£297,956

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£637,141

Mortgage (After Refinance)

£477,856

Mortgage LTV

75%

Cash Left In

£297,956

Equity

£159,285

Rent Range

£1,400 - £7,000

Rent Estimate

£2,270

Running Costs/mo

£2,465

Cashflow/mo

£-195

Cashflow/yr

£-2,341

Gross Yield

4%

Local Sold Prices

50 sold prices from £309K to £2.3M, average is £568.8K. £2.4K/m² to £6.2K/m², average is £3.9K/m².

PriceDateDistanceAddressBeds 
£576K12/200.07 mi5, Seacourt Close, Bognor Regis, West Sussex PO21 4RD4
£425K02/210.08 mi26, Fernhurst Gardens, Bognor Regis, West Sussex PO21 4AZ4
£615K01/210.09 mi43, Fernhurst Gardens, Bognor Regis, West Sussex PO21 4BA4
£880K04/210.15 mi40, Barrack Lane, Bognor Regis, West Sussex PO21 4DB4
£630K10/230.16 mi28, Willowhale Avenue, Bognor Regis, West Sussex PO21 4BG4
£730K02/230.18 mi16, Aldbourne Drive, Bognor Regis, West Sussex PO21 4NE4
£730K08/230.18 mi1, Aldbourne Drive, Bognor Regis, West Sussex PO21 4NE4
£925K11/220.21 mi24, Wychwood Close, Bognor Regis, West Sussex PO21 4DW4
£600K04/230.22 mi2, Fishermans Walk, Bognor Regis, West Sussex PO21 4BU4
£645K02/210.27 mi45, Kingsway, Bognor Regis, West Sussex PO21 4DL4
£780K03/210.27 mi40a, Kingsway, Bognor Regis, West Sussex PO21 4DL4
£625K01/230.27 mi21a, Gossamer Lane, Bognor Regis, West Sussex PO21 3AT4
£440K02/230.3 mi15, Nyetimber Lane, Bognor Regis, West Sussex PO21 3HQ4
£670K03/210.34 mi36, Gossamer Lane, Bognor Regis, West Sussex PO21 3BY4
£900K12/200.38 mi223, Manor Way, Aldwick, Bognor Regis, West Sussex PO21 4HS4
£610K02/230.39 mi2, Craigweil Lane, Bognor Regis, West Sussex PO21 4AN4
£570K06/210.39 mi7, Garden Court, Bognor Regis, West Sussex PO21 4XW4
£567.5K04/210.39 mi33, Grange Court, Bognor Regis, West Sussex PO21 4XR4
£320K03/210.4 mi21, Langley Grove, Bognor Regis, West Sussex PO21 4LJ4
£350K07/240.4 mi37, Langley Grove, Bognor Regis, West Sussex PO21 4LJ4
£360K12/200.43 mi29, Grosvenor Gardens, Bognor Regis, West Sussex PO21 3EZ4
£475K06/240.44 mi17, Frobisher Road, Bognor Regis, West Sussex PO21 3LT4
£814K12/200.44 mi6, Waters Edge, Bognor Regis, West Sussex PO21 4AW4
£540K01/210.44 mi2, Lodge Court, Bognor Regis, West Sussex PO21 4XP4
£535K04/210.46 mi30, Chawkmare Coppice, Aldwick, Bognor Regis, West Sussex PO21 3SP4
£590K09/230.46 mi13, Parkfield Avenue, Bognor Regis, West Sussex PO21 3BW4
£730K08/240.48 mi5, Litle Babbsham, Bognor Regis, West Sussex PO21 3SZ4
£524K02/210.48 mi32, St Richards Way, Bognor Regis, West Sussex PO21 3BB4
£812K02/210.5 mi9, Tithe Barn Close, Bognor Regis, West Sussex PO21 4EY4
£812K02/210.5 mi4, Tithe Barn Close, Bognor Regis, West Sussex PO21 4EY4
£2.3M12/200.51 mi2, The Byeway, Aldwick, Bognor Regis, West Sussex PO21 4ER4
£1.2M11/220.51 miBay Tree House, 125, Manor Way, Aldwick, Bognor Regis, West Sussex PO21 4HN4
£510K02/210.51 mi5, High Trees, Bognor Regis, West Sussex PO21 4AA4
£555K05/210.51 miThe Gate House, Strange Garden, Bognor Regis, West Sussex PO21 4AL4
£500K12/200.53 mi66, Aldwick Felds, Bognor Regis, West Sussex PO21 3TH4
£495K03/210.54 mi21, Hewarts Lane, Bognor Regis, West Sussex PO21 3DR4
£585K01/230.56 mi4, Stanbrok Close, Bognor Regis, West Sussex PO21 3SN4
£575K12/220.56 mi51, Hewarts Lane, Bognor Regis, West Sussex PO21 3DR4
£525K06/210.56 mi15, Margaret Close, Bognor Regis, West Sussex PO21 3AA4
£395K03/210.61 mi9, South Avenue, Bognor Regis, West Sussex PO21 3QS4
£405K02/210.61 mi4, South Avenue, Bognor Regis, West Sussex PO21 3QS4
£371K08/230.61 mi73, Osborne Way, Bognor Regis, West Sussex PO21 3FE4
£1.3M09/230.63 miBeach House, The Dunes, Aldwick, Bognor Regis, West Sussex PO21 4EU4
£365K12/220.64 mi26, Osborne Way, Bognor Regis, West Sussex PO21 3DN4
£375K01/210.64 mi10, West Avenue, Aldwick, Bognor Regis, West Sussex PO21 3QN4
£310K06/210.67 mi14, Pinehurst Park, Bognor Regis, West Sussex PO21 3DL4
£310K06/210.67 mi14, Pinehurst Park, Bognor Regis, West Sussex PO21 3DL4
£310K06/210.67 mi14, Pinehurst Park, Bognor Regis, West Sussex PO21 3DL4
£309K01/210.67 mi30, Pinehurst Park, Bognor Regis, West Sussex PO21 3DL4
£465K03/230.67 mi1, Pinehurst Park, Bognor Regis, West Sussex PO21 3DL4

Local Rents

13 rents from £1.4K/mo to £7K/mo, average is £1.9K/mo.

RentDateDistanceAddressBeds 
£1,95007/240.09 miKingsway, Aldwick3
£2,10001/250.21 mi-3
£2,95012/240.24 mi-4
£1,49507/240.28 miWillowhale Green, Bognor Regis, PO213
£2,10006/240.31 miGossamer Lane, Bognor Regis4
£1,40007/240.44 miGrosvenor Gardens, Bognor Regis3
£7,00007/240.46 miThe Close Aldwick Bay Estate PO216
£1,75006/240.54 miMarch Close, Aldwick, Bognor Regis PO213
£1,70006/240.54 miRaleigh Road, BOGNOR REGIS3
£1,95006/240.54 miAldwick Bay Marine Private Estate, Aldwick3
£1,65007/240.55 miRenoir Mews, Bognor Regis, West Sussex, PO223
£1,49506/240.6 miMayfield Close, Bognor Regis, PO213
£1,97507/240.61 miOsborne Way, Rose Green, Bognor Regis, PO214

Local Area Statistics

Population in PO21

39,509

Population in Bognor Regis

68,380

Town centre distance

1.87 miles away

Nearest school

0.40 miles away

Nearest train station

1.77 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+28%

Sales demand

Balanced market

Capital growth (5yrs)

+19%

Property History

Price changed to £650,000

December 4, 2024

Price changed to £675,000

September 25, 2024

Listed for £686,000

May 20, 2024

Floor Plans

Description

  • No Forward Chain +
  • Well Presented Detached House Situated in the Highly Desired Aldwick Location +
  • Four Bedrooms +
  • Spacious Lounge and Separate Dining Room +
  • Fitted Kitchen and Utility Room +
  • Modern Fitted Shower Room +
  • UPVC Double Glazing and Gas Fired Central Heating Throughout +
  • Secluded Rear Garden +
  • Driveway and Double Garage +
  • Within Walking Distance to Local Amenities and the Beach +

NO FORWARD CHAIN Whitlock’s Estate Agents are delighted to bring to the market this well presented detached House positioned in a highly sought after area in Aldwick just a short stroll away from a variety of local amenities and the beach. The property, in our opinion, would benefit from some modernisation but has been meticulously maintained throughout. Upon entry, you are greeted by the spacious Entrance Hall with access to all the principle rooms. The bright and airy Lounge offers a dual aspect view a large bay window to the front and French doors to the rear providing direct access to the rear Garden. A separate Dining Room can also be found providing an additional family or social space to enjoy. The fitted Kitchen offers ample cupboard and worktop space with a Utility Room for added convenience. You will also find a downstairs Cloakroom. Moving up to the first floor, four spacious Bedrooms can be found, the master Bedroom benefits from an En-Suite Shower room, and Bedroom two and three both having built in wardrobes providing built in wardrobes providing an abundance of storage. Further benefits include UPVC Double Glazing, Gas Fired Central Heating as well as a newly installed lift which is positioned in the Entrance Hall and moves into Bedroom Four. Outside to the rear the southerly aspect Garden is extremely secluded and is mainly laid to lawn, there is also a patio area providing the perfect space for outdoor dining. To the front of the property there is a lawned front Garden, as well as a Driveway providing offroad parking for several vehicles leading to the Double Garage. Viewing is essential to appreciate the spacious accommodation this property has to offer!

Agent Details

Whitlocks Estate Agents, Bognor Regis

01243 262747

Next Steps?

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