2 Bed Detached House, Single Let, Arundel, BN18 0EF, £1,100,000

Newhouse Farm Barns, Nr. Arundel, BN18 0EF - 10 months ago

Sold STC
BTL
~104 m²
+27 photos

ValuationOvervalued

Sold Prices£165K - £410K
Sold Prices/m²£2.6K/m² - £5.1K/m²

 

 

Square Metres

~104 m²
Price/m²£10.6K/m²

Value Estimate

£384,800

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£275,000

Stamp Duty & Legal Fees

£85,450

Total Cash In

£360,450

 

 

Cash Out

 

Rent Range

£750 - £3,000

Rent Estimate

£750

Running Costs/mo

£3,608

Cashflow/mo

£-2,857

Cashflow/yr

£-34,290

Gross Yield

1%

Local Sold Prices

50 sold prices from £165K to £410K, average is £247.5K. £2.6K/m² to £5.1K/m², average is £3.7K/m².

PriceDateDistanceAddressBeds 
£275K08/220.05 mi20, Rodney Crescent, Ford, Arundel, West Sussex BN18 0DB2
£250K07/230.7 mi18, Lewis Lane, Ford, Arundel, West Sussex BN18 0TY2
£215K11/200.72 mi9a, Beagle Drive, Ford, Arundel, West Sussex BN18 0NY2
£272K06/230.72 mi11a, Beagle Drive, Ford, Arundel, West Sussex BN18 0NY2
£218.5K10/200.72 mi14, Beagle Drive, Ford, Arundel, West Sussex BN18 0NY2
£277.5K01/230.72 mi21, Beagle Drive, Ford, Arundel, West Sussex BN18 0NY2
£242K05/210.75 mi47, Sproule Close, Ford, Arundel, West Sussex BN18 0NX2
£267.5K05/230.75 mi7, Wills Close, Ford, Arundel, West Sussex BN18 0NW2
£260K01/230.75 mi25, Wills Close, Ford, Arundel, West Sussex BN18 0NW2
£277.5K10/220.81 mi71, Johnson Way, Ford, Arundel, West Sussex BN18 0TS2
£230K12/200.82 mi13, Fordwater Gardens, Yapton, Arundel, West Sussex BN18 0HU2
£272.5K05/210.85 mi10, Fordwater Gardens, Yapton, Arundel, West Sussex BN18 0HU2
£410K10/221 miFerncroft, Burndell Road, Yapton, Arundel, West Sussex BN18 0HR2
£344K10/201.21 miThe Twelfth Of Never, Church Lane, Yapton, Arundel, West Sussex BN18 0EH2
£185K11/201.25 miFrys Cottage, Bilsham Road, Yapton, Arundel, West Sussex BN18 0JG2
£240K03/211.25 mi41, Foundry Road, Yapton, Arundel, West Sussex BN18 0HE2
£200K03/211.25 mi39, Foundry Road, Yapton, Arundel, West Sussex BN18 0HE2
£290K02/231.29 mi205, Clun Road, Wick, Littlehampton, West Sussex BN17 7ES2
£272.5K04/231.36 mi15, The Pines, Yapton, Arundel, West Sussex BN18 0EG2
£403K09/221.37 miRuatha, Bilsham Road, Yapton, Arundel, West Sussex BN18 0JB2
£267K08/231.44 mi35, Helyers Green, Wick, Littlehampton, West Sussex BN17 7HB2
£300K04/231.44 mi5, Robin Close, Wick, Littlehampton, West Sussex BN17 7GR2
£222.5K06/211.45 mi60, Tacklee Road, Yapton, Arundel, West Sussex BN18 0HB2
£227.5K01/211.45 mi23, The Millers, Yapton, Arundel, West Sussex BN18 0LE2
£229K04/211.46 mi10, Swift Way, Wick, Littlehampton, West Sussex BN17 7GS2
£220K12/201.48 mi11, Manning Road, Wick, Littlehampton, West Sussex BN17 7HT2
£235K06/211.48 mi63, Taylors Close, Yapton, Arundel, West Sussex BN18 0FN2
£277K06/211.51 miCosy Cot, Main Road, Yapton, Arundel, West Sussex BN18 0DX2
£260K09/231.53 mi19, Willow Brook, Wick, Littlehampton, West Sussex BN17 7NW2
£245K12/221.54 mi4, Stean Furlong, Wick, Littlehampton, West Sussex BN17 7NN2
£323K11/221.56 mi3, Redwing Close, Wick, Littlehampton, West Sussex BN17 7GT2
£280K12/221.57 mi25, Courtwick Road, Wick, Littlehampton, West Sussex BN17 7NH2
£218K04/211.58 mi64, Falcon Gardens, Wick, Littlehampton, West Sussex BN17 7RB2
£292K09/231.58 mi52, Falcon Gardens, Wick, Littlehampton, West Sussex BN17 7RB2
£220K02/231.59 mi26, Roman Acre, Wick, Littlehampton, West Sussex BN17 7HN2
£264K01/211.59 mi18, Old Mead Road, Wick, Littlehampton, West Sussex BN17 7PU2
£257.5K04/211.59 mi1a, Grand Avenue, Wick, Littlehampton, West Sussex BN17 7NG2
£216K02/211.6 mi25, Eagles Chase, Wick, Littlehampton, West Sussex BN17 7RF2
£285K09/211.64 mi22, Courtwick Road, Wick, Littlehampton, West Sussex BN17 7NE2
£224.1K02/231.66 mi60, Colebrook Road, Wick, Littlehampton, West Sussex BN17 7NU2
£202.5K05/211.67 mi23, West Way, Wick, Littlehampton, West Sussex BN17 7LY2
£215K12/221.72 mi162, Wick Street, Wick, Littlehampton, West Sussex BN17 7JT2
£182.5K12/201.73 mi9, Wick Street, Wick, Littlehampton, West Sussex BN17 7JJ2
£182.5K12/201.73 mi9, Wick Street, Wick, Littlehampton, West Sussex BN17 7JJ2
£237K12/201.75 mi31, Gloucester Road, Littlehampton, West Sussex BN17 7BT2
£229.9K11/201.75 mi12, Gloucester Road, Littlehampton, West Sussex BN17 7BT2
£255K12/201.75 mi15, Gloucester Road, Littlehampton, West Sussex BN17 7BT2
£285K03/231.76 mi1, Beaconsfield Road, Wick, Littlehampton, West Sussex BN17 6LW2
£165K11/231.76 mi43, Beaconsfield Road, Wick, Littlehampton, West Sussex BN17 6LW2
£220K06/211.77 mi70, Lyminster Road, Wick, Littlehampton, West Sussex BN17 7LW2

Local Rents

50 rents from £750/mo to £3K/mo, average is £1.4K/mo.

RentDateDistanceAddressBeds 
£1,80012/240.05 miRodney Crescent, Ford, BN18 0DB6
£3,00012/240.18 miStation Road, Ford, Arundel, West Sussex, BN183
£1,40012/240.8 miFordwater Gardens, Yapton3
£1,29512/240.83 miDouglas Close, Ford, Arundel3
£1,70012/240.85 miMay Close, Climping3
£1,60012/240.88 miWaterford Gardens, Climping3
£1,35012/240.88 miTortington Lane, Tortington3
£2,00007/240.97 mi-4
£1,67512/241.06 miFord Road, Tortington, Arundel, West Sussex, BN183
£1,15012/241.13 miBurndell Road, Yapton3
£1,40012/241.13 miDownview Way, Yapton, ARUNDEL3
£1,20012/241.15 miBlackbourne Chase, Littlehampton, West Sussex2
£1,20012/241.16 miPepper Pot Court, 25 Blackbourne Chase, Littlehampton2
£1,20012/241.16 miKingley Gate, Littlehampton2
£1,80012/241.18 miNorth End Road, Arundel, BN183
£1,90012/241.21 miErnest Fitches Way, Littlehampton, BN17 7EP4
£1,50012/241.21 miClimping1
£2,50012/241.21 miBrookpit Lane, Climping, Littlehampton, West Sussex4
£1,50012/241.21 miBrookpit Lane, Climping, Littlehampton, West Sussex1
£1,50012/241.21 miClimping1
£2,50012/241.21 miClimping4
£87512/241.23 miChurch Road, Yapton1
£1,42512/241.23 miNorth End Road, Yapton3
£90012/241.3 mi-1
£87512/241.3 mi-1
£90001/251.3 mi-1
£1,30012/241.33 mi-3
£80004/231.36 mi-1
£89512/241.36 mi-1
£89512/241.36 mi-1
£89512/241.36 mi-1
£1,70012/241.42 mi-4
£1,37512/241.49 miManning Road, Littlehampton3
£1,37512/241.51 miWick Farm Road, Littlehampton3
£1,45012/241.51 miClun Road, Wick3
£1,45012/241.52 miClun Road, Wick2
£1,37512/241.55 miWick Farm Road, Wick3
£1,25012/241.55 miFalcon Gardens, Littlehampton2
£77512/241.55 miWest Way, Wick1
£1,30003/251.57 mi-3
£1,45012/241.59 miFalcon Gardens, Wick, Littlehampton, West Sussex3
£1,60002/251.62 mi-4
£75012/241.63 miGloucester Road, Littlehampton1
£75012/241.63 miGloucester Road, Littlehampton1
£75012/241.63 miGloucester Road, Littlehampton, West Sussex, BN171
£1,75012/241.64 miFontwell Meadows3
£1,67512/241.64 miFontwell4
£1,50012/241.64 mi-4
£1,50012/241.64 mi-4
£99512/241.68 miLimewood Place , Littlehampton2

Local Area Statistics

Population in BN18

13,232

Town centre distance

2.69 miles away

Nearest school

1.20 miles away

Nearest train station

0.47 miles away

 

 

Rental growth (12m)

+10%

Sales demand

Buyer's market

Capital growth (5yrs)

+10%

Property History

Listed for £1,100,000

June 12, 2024

Floor Plans

Description

A magnificent opportunity to acquire a mixed use Courtyard development with a two bedroom detached house and 6 studios offering flexible space extending to approximately 3,764 sq. ft.

DESCRIPTION:

The property, which is approached via a shared driveway, has a single sliding gate which lead to the gravelled courtyard with parking, a central water feature and an array of mature plants and shrubs.

The House:

On the right hand side of the courtyard sits the house being timber clad and screened with mature vines and trees. The front door leads into a wonderful dining hall with vaulted ceiling, large store cupboard and stairs to the mezzanine level where there is a good sized bedroom with a dressing area and a small office space.

Steps from the dining hall lead down to an inner hall with door to bathroom and to the kitchen/breakfast room which boasts a range of recently fitted, stylish base and wall mounted cupboards, inset stainless steel sink with mixer tap, ceramic hob with oven below and cooker hood above, under counter microwave and tiled splashbacks.

A second door from the dining hall leads into a good sized double bedroom with mezzanine level and to a rear hall off which is an ensuite wet room with low level WC and wash hand basin and the sitting room. A double aspect room which has a log burning stove, door to north garden where there is a lawned garden, a substantial shed, brick built workshop with workbench and terrace. Double sliding patio doors lead to a south facing, private, lawned garden with raised beds, mature trees, shrubs, hedging, lean to shed and a terrace.

The Studios:

On the western side of the courtyard are 4 studios (no’s 3,4 5 & 6 on the plan). Approached via a decked walkway overlooking the courtyard, each of the studios have vaulted ceilings and skylights flooding the spaces with natural light. Studio 5 is double aspect with views to the south and a window on the western elevation. There is also a WC with disabled access and 2 wash hand basins alongside a kitchen with hob, fridge and microwave and a terrace.

Linking the remaining studios is a garage with timber double doors, electric light and power and rear access.

Completing the studio accommodation are 3 further studios. From a decked walkway a door leads into a large conference/dining area with doors to a kitchen with a range of fitted base and wall cupboards, induction hob, oven and sink with mixer tap and to an office and wash room with ladies and gents WC’s and wash hand basins (suitable for disabled use).

Accessed from the conference area is the library which has a range of fully fitted shelves and a pre-Raphaelite stained-glass window to the south. Studio 1 has a vaulted ceiling and access to the loft space. The main gallery/studio (studio 2) can be accessed through the library and also has its own front door. Studio 2 is the largest of the studios and is dual aspect with a vaulted ceiling and a door leading to courtyard. This room has a removable partition wall and is currently split to provide a storage area.

LOCATION:

The Mill Studio is located on the outskirts of the historical town of Arundel which boasts a wealth of artisan shops, bistros and restaurants, and is dominated by the Castle of the Duke of Norfolk and the beautiful Cathedral. Consistently considered as one of the finest towns in the country Arundel is well known for its numerous festivals throughout the year including the Art Trail and Food Festival whilst nearby attractions include the Wildfowl and Wetlands Centre, the Lido, with beaches to the south and the South Downs National Park to the north.

The cathedral city of Chichester offers excellent high-street shopping, many fashionable restaurants, cafes, bars, a leisure centre with swimming pool, sports clubs, cinemas, and is home to the Pallant House Gallery and the renowned Festival Theatre. Located close to Chichester is the Goodwood Estate, which is famous for its many sporting event days including the much-celebrated Festival of Speed and Goodwood Revival for motor racing enthusiasts, and a season of horse racing including the Glorious Goodwood Festival.

There is a nearby railway station at Ford (8 minutes walk) providing services along the coast to Brighton and London Victoria and a link to Gatwick Airport (approximately 45 minutes).

INFORMATION:

Services: All main except gas. Each studio has its own electric meter.

Local Authority: Arun District Council

Council Tax Band: House – Band A

Energy Rating: The House - Band C Studios 3,4,5,& 6 – Band B Studios 1, 2, library, office & kitchen – Band C

Agent Details

Stride and Son, Chichester

020 3835 4104

Next Steps?

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