6 Bed Detached House, Refurb/BRRR, Littlehampton, BN16 4JU, £1,650,000

Rectory Lane, Angmering, West Sussex, BN16 4JU - 1 views - a year ago

Refurb/BRRR
~186 m²
+15 photos

ValuationOvervalued

Sold Prices£385K - £2.2M
Sold Prices/m²£2.5K/m² - £4.6K/m²

 

 

Square Metres

~186 m²
Price/m²£8.9K/m²

Value Estimate

£785,220

 

 

End Value (After Refurb)

£772,059

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£412,500

Stamp Duty & Legal Fees

£192,950

Refurb Costs

£87,491

Bridging Loan Interest

£43,313

Total Cash In

£738,003

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£772,059

Mortgage (After Refinance)

£579,044

Mortgage LTV

75%

Cash Left In

£738,003

Equity

£193,015

Rent Range

£1,470 - £2,500

Rent Estimate

£1,946

Running Costs/mo

£2,822

Cashflow/mo

£-876

Cashflow/yr

£-10,511

Gross Yield

1%

Local Sold Prices

6 sold prices from £385K to £2.2M, average is £629K. £2.5K/m² to £4.6K/m², average is £3.2K/m².

PriceDateDistanceAddressBeds 
£2.2M11/202.26 miMaine, Gorse Avenue, Kingston Gorse, Littlehampton, West Sussex BN16 1SG6
£700K12/222.31 mi3, Crabtree Close, Wick, Littlehampton, West Sussex BN17 7QX6
£500K05/212.59 mi9, Goda Road, Littlehampton, West Sussex BN17 6AS6
£645K02/212.71 mi11, Irvine Road, Littlehampton, West Sussex BN17 5LB6
£385K03/212.9 mi126, New Road, Worthing, West Sussex BN13 3HS6
£613K12/222.91 mi39, Goring Way, Goring By Sea, Worthing, West Sussex BN12 4UH6

Local Rents

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

RentDateDistanceAddressBeds 
£1,90012/240.15 miAngmering Village, Angmering, West Sussex, BN163
£2,50012/240.15 miAngmering Village, Angmering, West Sussex, BN164
£1,90012/240.15 miAngmering Village, Angmering, West Sussex, BN163
£1,90012/240.15 miAngmering Village, Angmering, West Sussex, BN163
£1,90012/240.15 miAngmering Village, Angmering, West Sussex, BN163
£1,50012/240.21 miThe Heathers, Arundel Road, Angmering, BN163
£2,00012/240.29 miPalmer Road Angmering BN165
£1,75012/240.38 miChantryfield Road, Angmering, Littlehampton, West Sussex, BN163
£1,65012/240.39 miMeadowside Angmering BN163
£1,70012/240.44 miFoxdale Drive Angmering BN163
£2,20012/240.48 miLucksfield Way, Angmering, West Sussex5
£1,47012/240.53 miRoman Avenue, Angmering, West Sussex3
£1,90012/240.54 miStarling View, Angmering, Littlehampton, West Sussex, BN163
£1,90012/240.54 miStarling View, Angmering, Littlehampton, West Sussex, BN163
£2,50012/240.54 miStarling View, Angmering, Littlehampton, West Sussex, BN164
£1,95012/240.58 miAcorn Close, Angmering, West Sussex4
£2,50012/240.61 miStarling View, Angmering4
£1,90012/240.61 miStarling View, Angmering3

Local Area Statistics

Population in BN16

28,125

Population in Littlehampton

56,651

Town centre distance

1.68 miles away

Nearest school

0.10 miles away

Nearest train station

0.94 miles away

 

 

Rental growth (12m)

+13%

Sales demand

Balanced market

Capital growth (5yrs)

+16%

Property History

Price changed to £1,650,000

February 8, 2025

Listed for £1,750,000

May 22, 2024

Floor Plans

Description

  • Beautifully located Sussex Farmhouse +
  • Village conservation area +
  • Needs updating +
  • 5000sqft accommodation +
  • 6 bedrooms +
  • 3 bathroom +
  • Stone Cottage for conversion +
  • Triple garage +
  • Beautiful English Country Garden +
  • Potential Annex +

An 18th Century Sussex farmhouse Listed Grade II, with over 5,000 sqft of accommodation. The house is believed to date from 1704 and has been subsequently extended to now offer very flexible and adaptable family accommodation. The house is now in need of some repair and offers huge potential to create a beautiful family home. In addition to the main house is a wing on the west side which is currently arranged as a large utility room, kids sitting room and office. A prospective purchaser may wish to look into converting these rooms into an annexe, office suite or Airbnb.

In the gardens, hidden behind high hedging is a two storey flint former gardeners cottage which could also be repurposed as an Airbnb (both subject to planning and listed building consent).

The main accommodation has very well proportioned reception rooms, mostly with high ceilings although there are a few lower areas around the hallways and staircase. The six bedrooms are all good sizes with two being on the second floor.

The gardens are a particular feature, with a mix of English country planting and wild reseeding and there are a number of specimen trees including weigla, tulip tree, cedar, bay and walnut. Various hidden paths lead to lawns and seating areas, whilst at the front there is a triple garage with ample parking. There are an additional three parking spaces adjacent to the west wing.

The village centre has a good and comprehensive range of local shops and facilities including pharmacy, post office and general store, with doctors' surgery and schools all within walking distance. There are two local pubs nearby as is Ham Manor Golf Course. Just to the north of the village is access to the A27 providing fast trunk road travel to Brighton in the east and Chichester in the west, and there are mainline railway stations at Angmering and Arundel serving London Victoria in about 1 hour 40 minutes. The popular beaches at East Preston and Kingston Gorse will be found to the south and there are miles of open walking and riding countryside on the South Downs which are visible across the fields to the north.

Agent Details

Jackson-Stops, Chichester

01243 217440

Next Steps?

This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪