4 Bed Detached House, Refurb/BRRR, Chichester, PO19 5EA, £675,000

Bristol Gardens, Chichester, PO19 5EA - 6 views - 10 months ago

Refurb/BRRR
~151 m²
+17 photos

ValuationOvervalued

Sold Prices£299.9K - £1.6M
Sold Prices/m²£2.3K/m² - £10.3K/m²

 

 

Square Metres

~150.70 m²
Price/m²£4.5K/m²

Value Estimate

£640,863

 

 

End Value (After Refurb)

£726,505

Uplift in Value

+8%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£168,750

Stamp Duty & Legal Fees

£42,700

Refurb Costs

£69,917

Bridging Loan Interest

£17,719

Total Cash In

£300,836

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£726,505

Mortgage (After Refinance)

£544,879

Mortgage LTV

75%

Cash Released

£38,629

Cash Left In

£262,207

Equity

£181,626

Rent Range

£1,300 - £3,950

Rent Estimate

£1,950

Running Costs/mo

£2,680

Cashflow/mo

£-730

Cashflow/yr

£-8,764

Gross Yield

3%

Local Sold Prices

50 sold prices from £299.9K to £1.6M, average is £678.8K. £2.3K/m² to £10.3K/m², average is £4.8K/m².

PriceDateDistanceAddressBeds 
£677.5K02/210.1 mi5, Guildford Place, Chichester, West Sussex PO19 5DU4
£470K02/210.13 mi95, Worcester Road, Chichester, West Sussex PO19 5EB4
£935K06/210.15 mi14, Tudor Close, Chichester, West Sussex PO19 5QZ4
£635K09/210.22 mi2, Springbank, Chichester, West Sussex PO19 6BX4
£940K05/230.22 mi37, Plainwood Close, Chichester, West Sussex PO19 5YB4
£665K10/220.24 mi17, Gloucester Way, Chichester, West Sussex PO19 5DL4
£650K03/230.27 mi11, Worcester Road, Chichester, West Sussex PO19 5DJ4
£660K06/210.28 mi40, Plainwood Close, Chichester, West Sussex PO19 5YB4
£860K10/220.28 mi58, Plainwood Close, Chichester, West Sussex PO19 5YB4
£565K06/210.28 mi3, Carlisle Gardens, Chichester, West Sussex PO19 5DH4
£760K06/210.3 mi33, The Broadway, Chichester, West Sussex PO19 6QR4
£555K07/210.31 mi32, Norwich Road, Chichester, West Sussex PO19 5DG4
£840K03/230.34 mi8, Hunters Way, Chichester, West Sussex PO19 5RB4
£850K12/200.34 mi10, Hunters Way, Chichester, West Sussex PO19 5RB4
£1.6M05/230.34 miThe Light House, Chestnut Avenue, Chichester, West Sussex PO19 5QF4
£1.2M03/230.36 miThe Chapel, Dempsey Road, Chichester, West Sussex PO19 6BS4
£1.1M03/230.45 mi1, Stanton Drive, Chichester, West Sussex PO19 5QN4
£303K03/230.5 mi75, Croft Mead, Chichester, West Sussex PO19 6RW4
£550K11/200.51 mi1, Canterbury Close, Chichester, West Sussex PO19 5DD4
£875K08/230.51 miHyford Lodge, Fordwater Lane, Chichester, West Sussex PO19 6PT4
£845K03/210.52 mi3, Keepers Wood, Chichester, West Sussex PO19 5XU4
£540K12/200.54 mi103, Woodlands Lane, Chichester, West Sussex PO19 5PF4
£975K09/230.55 mi20, Graffham Close, Chichester, West Sussex PO19 5AW4
£975K07/230.55 mi17, Graffham Close, Chichester, West Sussex PO19 5AW4
£1.2M05/210.6 miLong Dyke, The Drive, Chichester, West Sussex PO19 5QA4
£1.0M09/230.61 miGreenbank, Fordwater Road, Chichester, West Sussex PO19 6PS4
£665K08/210.61 mi12, Ferndale Road, Chichester, West Sussex PO19 6QJ4
£1.0M11/200.65 miOld Orchard Place, Rew Lane, Chichester, West Sussex PO19 5QH4
£299.9K01/210.65 mi76, St Pauls Road, Chichester, West Sussex PO19 3DB4
£420K10/210.67 mi65, St Pauls Road, Chichester, West Sussex PO19 3DD4
£420K04/210.67 mi39, Walnut Avenue, Chichester, West Sussex PO19 3EF4
£350K06/210.68 mi69, Sherborne Road, Chichester, West Sussex PO19 3AN4
£417.5K01/210.7 mi49, Longley Road, Chichester, West Sussex PO19 6DB4
£535K04/210.7 mi21, Maplehurst Road, Chichester, West Sussex PO19 6QL4
£665K09/220.71 mi25, Maplehurst Road, Chichester, West Sussex PO19 6QL4
£730K11/220.71 mi4a, Maplehurst Road, Chichester, West Sussex PO19 6QL4
£1.1M10/220.74 miWoodside, Pine Grove, West Broyle, Chichester, West Sussex PO19 3PN4
£680K05/210.74 miSkokholm, Pine Grove, West Broyle, Chichester, West Sussex PO19 3PN4
£835K05/210.74 miMaylands, Pine Grove, West Broyle, Chichester, West Sussex PO19 3PN4
£880K11/200.74 miRedwood, Pine Grove, West Broyle, Chichester, West Sussex PO19 3PN4
£517K10/220.74 mi37, Cedar Drive, Chichester, West Sussex PO19 3EH4
£1.2M12/220.75 miSkokholm, Pine Grove, West Broyle, Chichester, West Sussex PO19 3PN4
£1.0M12/220.75 mi15, Parchment Street, Chichester, West Sussex PO19 3DA4
£650K04/210.78 mi49, St Pauls Road, Chichester, West Sussex PO19 3BJ4
£458K02/210.8 mi54, Orchard Avenue, Chichester, West Sussex PO19 3BG4
£1.2M12/230.88 miSilverley, West Broyle Drive, West Broyle, Chichester, West Sussex PO19 3PP4
£950K02/210.89 mi2, Franklin Place, Chichester, West Sussex PO19 1BL4
£450K02/210.9 mi1, Mansergh Road, Chichester, West Sussex PO19 6YW4
£450K02/210.93 mi23, Carse Road, Chichester, West Sussex PO19 6YG4
£550K11/200.93 mi3, Jubilee Terrace, Chichester, West Sussex PO19 7XT4

Local Rents

23 rents from £1.3K/mo to £4K/mo, average is £1.6K/mo.

RentDateDistanceAddressBeds 
£1,65006/240.21 miKing William Close3
£2,50007/240.24 miPlainwood Close, Chichester, PO194
£3,95006/240.26 miLavant Road, Chichester, PO193
£2,50009/240.26 miWorcester Road, Chichester5
£3,40006/240.3 miThe Avenue Chichester PO195
£3,95007/240.38 miOld Broyle Road, West Broyle, Chichester, PO194
£1,35006/240.41 miLittle Breach, Chichester3
£1,35006/240.44 miSummersdale Court, Chichester, PO193
£1,35007/240.46 miLittle Breach, Chichester3
£1,99509/240.47 miRoman Fields, Chichester, West Sussex3
£1,40007/240.47 miWinterbourne Road, Chichester3
£1,57506/240.49 miGobey Drive, West Broyle3
£1,45007/240.49 miLloyd Road, Chichester3
£2,15006/240.5 miCroft Mead Chichester PO194
£1,59510/240.51 mi-3
£1,59509/240.51 miLloyd Road, Chichester, PO193
£1,80007/240.53 miDrovers Lane, Chichester3
£1,75008/240.53 miDrovers Lane, Chichester3
£1,80008/240.53 miDrovers Lane, Chichester3
£1,30006/240.56 miSelham Close, Chichester, PO193
£1,49506/240.56 mi-3
£1,49508/240.56 mi-3
£1,45007/240.58 miLloyd Road, Chichester3

Local Area Statistics

Population in PO19

30,184

Population in Chichester

75,877

Town centre distance

1.10 miles away

Nearest school

0.40 miles away

Nearest train station

1.41 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+44%

Sales demand

Balanced market

Capital growth (5yrs)

+11%

Property History

Price changed to £675,000

September 25, 2024

Listed for £695,000

June 18, 2024

Floor Plans

Description

  • West facing garden (over 100ft deep) +
  • Approx 1/5th acre plot +
  • Tremendous scope for extension and improvement +
  • Four bedrooms +
  • Sought after East Broyle Estate +
  • 1622 sqft or 150.7 m2 inc garage +
  • Generous off road parking +
  • Close proximity to Centurion Way +

A detached four bedroom house with tremendous scope for modernisation and extension, subject to the necessary consents, sitting on a plot of approximately 1/5 acre plot (0.08 hectares) with a west facing rear garden which extends to over 100ft in depth and backs onto Centurion Way, the cycle path between Chichester and West Dean. The house has a large sitting room and separate dining room, and a good sized kitchen. Leading off the kitchen is a conservatory/utility area with personal door to the attached single garage which has an electric 'up and over' door. The spacious entrance hall has a large cloakroom which has potential for conversion to a shower/wet room (subject to checks). On the first floor, there are four double bedrooms and a family bathroom.

Agent Details

Kenton Budd Estate Agents, Chichester

01243 973417

Next Steps?

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