2 Bed Flat, Single Let, Bognor Regis, PO22 0JB, £195,000

1 Abbie Court, Lake Lane, Barnham, West Sussex, PO22 0JB - 10 months ago

Sold STC
Leasehold
BTL
~61 m²
+3 photos

ValuationFair Value

Sold Prices£98K - £370K
Sold Prices/m²£1.9K/m² - £5.2K/m²

 

 

Square Metres

~61 m²
Price/m²£3.2K/m²

Value Estimate

£193,350

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£48,750

Stamp Duty & Legal Fees

£7,050

Total Cash In

£55,800

 

 

Cash Out

 

Rent Range

£650 - £4,850

Rent Estimate

£763

Running Costs/mo

£782

Cashflow/mo

£-19

Cashflow/yr

£-228

Gross Yield

5%

Local Sold Prices

50 sold prices from £98K to £370K, average is £203K. £1.9K/m² to £5.2K/m², average is £3.2K/m².

PriceDateDistanceAddressBeds 
£206K11/220.19 mi19, Market Close, Barnham, Bognor Regis, West Sussex PO22 0LH2
£160K10/210.5 miFlat 12, Elm Dale, Elm Grove South, Barnham, Bognor Regis, West Sussex PO22 0EA2
£200K04/221.3 miFlat 2, Sunnyside, Church Road, Yapton, Arundel, West Sussex BN18 0EN2
£192.5K05/231.47 mi3, Blenheim Road, Yapton, Arundel, West Sussex BN18 0HH2
£295K07/211.55 mi35, Park Road, Yapton, Arundel, West Sussex BN18 0JE2
£250K02/232.31 mi6, Lionel Avenue, Bognor Regis, West Sussex PO22 8LF2
£124K05/232.43 mi15, Satinwood Close, Bognor Regis, West Sussex PO22 6SB2
£188K11/202.49 miFlat 4, Norwood Court, Northwyke Close, Bognor Regis, West Sussex PO22 8QP2
£265K12/202.51 mi8, Leopold Close, Bognor Regis, West Sussex PO22 8JJ2
£169.9K12/232.52 mi5, Northwyke Close, Bognor Regis, West Sussex PO22 8QH2
£164.5K07/212.59 miFlat 26, St Nicholas Court, Elmer Road, Bognor Regis, West Sussex PO22 6ES2
£275K06/232.63 mi11, Greenfields, Bognor Regis, West Sussex PO22 7SS2
£285K06/232.63 mi14, Greenfields, Bognor Regis, West Sussex PO22 7SS2
£116K03/212.66 miFlat 67, Buckingham Court, Shrubbs Drive, Bognor Regis, West Sussex PO22 7SF2
£98K03/212.66 miFlat 77, Buckingham Court, Shrubbs Drive, Bognor Regis, West Sussex PO22 7SF2
£150K05/232.66 miFlat 60, Buckingham Court, Shrubbs Drive, Bognor Regis, West Sussex PO22 7SF2
£100K09/222.67 mi48, Maple Gardens, Bognor Regis, West Sussex PO22 9LB2
£150K12/222.7 mi22, Kingfisher Court, Bognor Regis, West Sussex PO22 7ST2
£180K01/232.7 mi42, Kingfisher Court, Bognor Regis, West Sussex PO22 7ST2
£165K07/232.7 mi11, Kingfisher Court, Bognor Regis, West Sussex PO22 7ST2
£117K10/212.7 mi15, Kingfisher Court, Bognor Regis, West Sussex PO22 7ST2
£140K07/232.7 mi17, Kingfisher Court, Bognor Regis, West Sussex PO22 7ST2
£125K08/232.7 mi45, Kingfisher Court, Bognor Regis, West Sussex PO22 7ST2
£235K08/212.72 miFlat 18, Aldingbourne House, Aldingbourne Drive, Crockerhill, Chichester, West Sussex PO18 0LG2
£210K06/212.72 miFlat 16, Aldingbourne House, Aldingbourne Drive, Crockerhill, Chichester, West Sussex PO18 0LG2
£235K08/212.72 miFlat 18, Aldingbourne House, Aldingbourne Drive, Crockerhill, Chichester, West Sussex PO18 0LG2
£300K10/222.75 miThe Orangery, Aldingbourne Drive, Crockerhill, Chichester, West Sussex PO18 0LQ2
£225K08/222.75 miFlat 3, Jubilee House, Aldingbourne Drive, Crockerhill, Chichester, West Sussex PO18 0LQ2
£159.5K12/202.76 mi7, Nightingale Court, Bognor Regis, West Sussex PO22 7SU2
£184.9K09/222.79 mi66, Berghestede Road, Bognor Regis, West Sussex PO22 9QL2
£198K12/222.82 mi3a, Oak Close, Bognor Regis, West Sussex PO22 9JW2
£325K06/212.84 miFlat 14, Summerley Point, Summerley Lane, Bognor Regis, West Sussex PO22 7BG2
£345K02/242.84 miSummerley Point, Flat 14, Summerley Lane, Felpham, Bognor Regis, West Sussex PO22 7BG2
£315K09/222.84 miFlat 10, Summerley Point, Summerley Lane, Felpham, Bognor Regis, West Sussex PO22 7BG2
£280K06/212.84 mi1, Manor Copse, Bognor Regis, West Sussex PO22 7AT2
£262K05/212.84 mi6, Manor Copse, Bognor Regis, West Sussex PO22 7AT2
£164K01/212.86 mi92a, Elmer Road, Bognor Regis, West Sussex PO22 6EX2
£370K06/232.88 miFlat 5, Athrington Court, First Avenue, Felpham, Bognor Regis, West Sussex PO22 7LB2
£330K12/222.9 mi30, Thompson Road, Bognor Regis, West Sussex PO22 7UG2
£358K10/212.92 mi47, Hazel Road, Bognor Regis, West Sussex PO22 9ED2
£197K05/212.92 mi75a, Felpham Road, Bognor Regis, West Sussex PO22 7PA2
£317.5K01/212.94 mi7, Freya Close, Bognor Regis, West Sussex PO22 7UQ2
£300K09/232.94 mi6, Freya Close, Bognor Regis, West Sussex PO22 7UQ2
£317.5K01/212.94 mi7, Freya Close, Bognor Regis, West Sussex PO22 7UQ2
£282.5K06/212.94 mi15, Freya Close, Bognor Regis, West Sussex PO22 7UQ2
£290K05/232.95 mi39, Old Rectory Gardens, Bognor Regis, West Sussex PO22 7ER2
£255K12/202.95 mi57, Old Rectory Gardens, Bognor Regis, West Sussex PO22 7ER2
£166K09/222.99 miFlat 12, Gateway Lodge, Felpham Road, Bognor Regis, West Sussex PO22 7NS2
£152.5K05/213 miFlat 33, Gateway Lodge, Felpham Road, Bognor Regis, West Sussex PO22 7NS2
£175K05/213 miFlat 5, Gateway Lodge, Felpham Road, Bognor Regis, West Sussex PO22 7NS2

Local Rents

49 rents from £650/mo to £4.8K/mo, average is £1.3K/mo.

RentDateDistanceAddressBeds 
£72508/240.06 miWarren Way, Barnham, Bognor Regis1
£69507/240.09 miWarren Way, Barnham1
£65008/240.09 miWarren Way, PO201
£1,40007/240.09 mi-3
£92507/240.1 miChurch Lane, Barnham1
£1,30007/240.13 miWarren Way, Bognor Regis3
£80008/240.13 miChurch Lane, Bognor Regis1
£95005/240.26 mi-1
£2,00007/240.26 mi86 Barnham Road4
£1,19503/240.34 mi-2
£2,25006/240.35 mi-4
£1,50006/240.39 miElm Grove, Barnham3
£1,05008/240.47 miElm Grove South, Barnham, Bognor Regis, PO222
£1,60005/240.54 mi-3
£2,70008/240.57 miHighground Lane, Barnham4
£2,19507/240.61 miSackville Gardens, Barnham4
£2,75007/240.75 miDownview Road, Bognor Regis5
£1,15006/240.84 miBarnham Road, Eastergate2
£1,29506/241.1 miSt Georges Walk, Eastergate3
£4,85012/241.11 mi-5
£4,85012/241.11 miWest Walberton Lane, Walberton, Arundel, BN185
£1,45012/241.12 miThe Meadows, Walberton3
£1,75006/241.12 miHighview Road Eastergate PO204
£1,42512/241.18 miNorth End Road, Yapton3
£80004/231.21 mi-1
£89512/241.21 mi-1
£89512/241.21 mi-1
£89501/251.21 mi-1
£1,30012/241.24 mi-3
£90012/241.26 mi-1
£87512/241.26 mi-1
£90002/251.26 mi-1
£1,80012/241.26 miNorth End Road, Arundel, BN183
£1,50007/241.29 miChurch Lane, Eastergate3
£87512/241.31 miChurch Road, Yapton1
£1,59512/241.37 miLidsey Road, Woodgate, Chichester, PO203
£1,65007/241.38 miPeckham Chase, Eastergate, Chichester, PO203
£1,50007/241.38 miWoodgate Park Woodgate PO203
£1,75007/241.4 miBarnett Close Eastergate PO204
£1,30007/241.4 miOaks Close, Westergate3
£1,29507/241.41 miLime Avenue, Chichester2
£1,45006/241.41 mi-3
£1,05007/241.49 miLamorna Gardens Westergate PO202
£1,40012/241.49 miDownview Way, Yapton, ARUNDEL3
£1,20006/241.51 miNyton Road Westergate PO202
£1,15012/241.52 miBurndell Road, Yapton3
£1,15007/241.52 miNyton Road, Westergate, PO202
£1,85012/241.55 miConnemara Crescent, Fontwell, Arundel3
£1,50007/241.56 miSack Lane, Bognor Regis, West Sussex, PO223

Local Area Statistics

Population in PO22

28,866

Population in Bognor Regis

68,380

Town centre distance

3.33 miles away

Nearest school

0.40 miles away

Nearest train station

0.13 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-14%

Sales demand

Balanced market

Capital growth (5yrs)

+17%

Property History

Listed for £195,000

June 8, 2024

Floor Plans

Description

  • Purpose Built GROUND FLOOR Apartment +
  • Two Double Bedrooms with Built-In Wardrobes +
  • Spacious Lounge with Fitted Kitchen and Integral Appliances +
  • Bathroom with Shower +
  • Gas Fired Central Heating +
  • Double Glazing +
  • Redecorated Throughout +
  • Communal Garden Non-Allocated Residents Off Road Parking +
  • Ideal First Time/Investment Purchase +
  • No Forward Chain +

Purpose Built GROUND FLOOR Apartment | Redecorated Throughout | Two Double Bedrooms with Built-In Wardrobes | Spacious Lounge with Fitted Kitchen and Integral Appliances | Bathroom with Shower | Gas Fired Central Heating | Double Glazing | Communal Garden Non-Allocated Residents Off Road Parking | No Forward Chain | EER -C

Glyn-Jones and Company are delighted to offer for sale this purpose built GROUND FLOOR apartment within this modern built development, which is being offered for sale with NO FORWARD CHAIN.

The accommodation comprises; an entrance hall with built in cupboard (which provides plumbing for a washing machine), two double bedrooms with both benefitting from built in wardrobes, a spacious lounge with double doors to a communal lawn area, a fitted kitchenette with integral appliances and a bathroom. The property benefits from full redecorated throughout, gas fired central heating and double glazing.

Further attribute to note are residents have the use of a communal garden and non allocated off road parking located to the rear.

Abbie Court is located within Lake Lane, a popular road within Barnham.

Barnham benefits from popular village shops and mainline railway station which both can found within approximately 400 metres.

Bognor Regis town centre with a more comprehensive range of shops and its popular seafront can be found in approximately 5.5 miles.

The historic cathedral city of Chichester with its vibrant shopping area incorporating a range of cafes and fashion boutiques can be located within approximately 7 miles.

TENURE: 125 year lease from 01/01/2007

GROUND RENT: £250 per annum.

SERVICE CHARGE: including buildings insurance approx. £1500 per annum.

We recommend you have this verified by your legal representative at your earliest convenience.

Entrance Hall -

Lounge With Kitchenette - 5.56m x 4.04m (18'3 x 13'3) -

Bedroom - 4.93m x 2.97m (16'2 x 9'9) -

Bedroom - 3.63m x 3.02m (11'11 x 9'11) -

Bathroom -

Agent Details

Glyn-Jones & Co, Littlehampton

01903 497294

Next Steps?

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