2 Bed Flat, Single Let, Bognor Regis, PO21 2RL, £165,000

Streete Court, Victoria Drive, Bognor Regis, PO21 2RL - 9 months ago

Sold STC
Leasehold
BTL
ROI: 6%
~97 m²
+9 photos

ValuationUndervalued

Sold Prices£110K - £367K
Sold Prices/m²£1.5K/m² - £6K/m²

 

 

Square Metres

~97.20 m²
Price/m²£1.7K/m²

Value Estimate

£202,950
BMV23%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£41,250

Stamp Duty & Legal Fees

£6,150

Total Cash In

£47,400

 

 

Cash Out

 

Rent Range

£850 - £2,500

Rent Estimate

£946

Running Costs/mo

£725

Cashflow/mo

£221

Cashflow/yr

£2,654

ROI

6%

Gross Yield

7%

Local Sold Prices

50 sold prices from £110K to £367K, average is £191K. £1.5K/m² to £6K/m², average is £2.9K/m².

PriceDateDistanceAddressBeds 
£367K12/200.13 mi2, Norfolk Place, Bognor Regis, West Sussex PO21 1XF2
£205K08/230.14 miFlat 8, Harrington House, Nyewood Lane, Bognor Regis, West Sussex PO21 2UG2
£180K03/210.14 miFlat 4, Barklye House, Sylvan Way, Bognor Regis, West Sussex PO21 2RS2
£170K02/210.15 miFlat 12, Courtfield House, Hambledon Place, Bognor Regis, West Sussex PO21 2NF2
£230K01/210.16 miFlat 5, Swansea House, West Street, Bognor Regis, West Sussex PO21 1XH2
£180K12/210.18 mi68, Rock Gardens, Bognor Regis, West Sussex PO21 2LF2
£245K11/230.18 mi58, Rock Gardens, Bognor Regis, West Sussex PO21 2LF2
£184K11/200.19 miFlat 8, Elizabeth Court, Park Terrace, Bognor Regis, West Sussex PO21 2NH2
£152K05/210.2 miFlat 1, Arlington Mews, Scott Street, Bognor Regis, West Sussex PO21 1FE2
£175K11/210.21 miFlat 6, Sutherland Court, Sutherland Close, Bognor Regis, West Sussex PO21 1DX2
£245K07/230.24 miFlat 5, Steyne Hall, The Steyne, Bognor Regis, West Sussex PO21 1TX2
£215K01/230.24 mi1, Steyne Street, Bognor Regis, West Sussex PO21 1TJ2
£170K06/210.26 miFlat 2, Gothic House, The Steyne, Bognor Regis, West Sussex PO21 1TP2
£210K09/210.27 mi100, Kyoto Court, Bognor Regis, West Sussex PO21 2UJ2
£110K06/230.27 mi10, Kyoto Court, Bognor Regis, West Sussex PO21 2UJ2
£235K06/210.27 mi121, Aldwick Road, Bognor Regis, West Sussex PO21 2NY2
£150K11/210.28 miFlat 70, Seaward Court, West Street, Bognor Regis, West Sussex PO21 1XJ2
£120K12/200.28 miFlat 2, Seaward Court, West Street, Bognor Regis, West Sussex PO21 1XJ2
£140K06/210.28 mi3, Manor Place, Bognor Regis, West Sussex PO21 1TB2
£215K04/210.29 miFlat 11, Marine Park, Nyewood Lane, Bognor Regis, West Sussex PO21 2QN2
£280K12/220.29 miFlat 38, Marine Park, Nyewood Lane, Bognor Regis, West Sussex PO21 2QN2
£190K11/200.3 miFlat 1, Clarehaven Court, Wessex Avenue, Bognor Regis, West Sussex PO21 2QW2
£365K06/230.3 mi6, Burngreave Court, Bognor Regis, West Sussex PO21 2TZ2
£210K02/230.34 miFlat 3, Red Ridges, Kings Parade, Bognor Regis, West Sussex PO21 2TS2
£170K11/200.36 mi39b, Linden Road, Bognor Regis, West Sussex PO21 2AP2
£190K07/240.37 miThe Hawthorns, Flat 15, Linden Road, Bognor Regis, West Sussex PO21 2AS2
£120K04/210.37 mi10, Kyoto Court, Bognor Regis, West Sussex PO21 2UJ2
£182K05/230.37 mi42, Kyoto Court, Bognor Regis, West Sussex PO21 2UL2
£140K03/210.37 mi66, Kyoto Court, Bognor Regis, West Sussex PO21 2UL2
£192K12/200.38 mi2, Parklands Avenue, Bognor Regis, West Sussex PO21 2BA2
£310K03/230.44 miFlat 71, Mountbatten Court, Belmont Street, Bognor Regis, West Sussex PO21 1JW2
£196K06/210.44 miFlat 57, Mountbatten Court, Belmont Street, Bognor Regis, West Sussex PO21 1JW2
£185K11/200.44 miFlat 56, Mountbatten Court, Belmont Street, Bognor Regis, West Sussex PO21 1JW2
£250K08/230.44 miFlat 76, Mountbatten Court, Belmont Street, Bognor Regis, West Sussex PO21 1JW2
£235K07/240.46 miMountbatten Court, Flat 27, Belmont Street, Bognor Regis, West Sussex PO21 1JN2
£200K03/210.47 miFlat 2, Mountbatten Court, Belmont Street, Bognor Regis, West Sussex PO21 1JN2
£220K07/210.48 mi45, Annandale Avenue, Bognor Regis, West Sussex PO21 2ES2
£162K09/230.55 mi6a, Waverley Road, Bognor Regis, West Sussex PO21 5NB2
£160K06/210.58 miFlat 24, Gilwynes Court, Gilwynes, Bognor Regis, West Sussex PO21 3SQ2
£135K01/210.59 miFlat 5, Glamis Court, Glamis Street, Bognor Regis, West Sussex PO21 1DR2
£243.5K02/230.61 miGround Floor Flat, 59, Annandale Avenue, Bognor Regis, West Sussex PO21 2ET2
£355K06/230.61 miFlat 25, Berkeley Court, The Esplanade, Bognor Regis, West Sussex PO21 1LX2
£330K09/210.61 miFlat 20, Berkeley Court, The Esplanade, Bognor Regis, West Sussex PO21 1LX2
£115K11/200.62 mi11, Carlingford Court, Bognor Regis, West Sussex PO21 2EN2
£200K12/230.64 miSabey Court, Flat 5, Albert Road, Bognor Regis, West Sussex PO21 1LU2
£230K02/240.64 miSabey Court, Flat 1, Albert Road, Bognor Regis, West Sussex PO21 1LU2
£205K09/210.64 miFlat 1, Sabey Court, Albert Road, Bognor Regis, West Sussex PO21 1LU2
£127K11/200.65 miFlat 8, Claremont Court, Campbell Road, Bognor Regis, West Sussex PO21 1HD2
£110K09/230.65 miFlat 12, Claremont Court, Campbell Road, Bognor Regis, West Sussex PO21 1HD2
£176K12/200.65 miFlat 2, Fraser Court, High Street, Bognor Regis, West Sussex PO21 1HG2

Local Rents

51 rents from £850/mo to £2.5K/mo, average is £1.1K/mo.

RentDateDistanceAddressBeds 
£1,05006/240.1 miNorfolk Square, Bognor Regis2
£1,20006/240.11 miGrafton, Norfolk Square, Bognor Regis, PO212
£1,25006/240.12 miWood Street, Bognor Regis, West Sussex, PO212
£1,20007/240.12 miNyewood Place, Bognor Regis, PO212
£1,10006/240.12 miAldwick Road, BOGNOR REGIS2
£1,10007/240.12 miAldwick Road Bognor Regis PO212
£94506/240.12 miCavendish Road, Bognor Regis2
£1,17012/240.14 mi-2
£1,10006/240.15 miPark Road, Bognor Regis, West Sussex, PO212
£1,20006/240.15 miPark Road Bognor Regis PO212
£1,30007/240.16 miMarine Parade Aldwick Bognor Regis West Sussex2
£95001/250.17 mi-2
£1,45006/240.18 miVictoria Road South, Bognor Regis, PO212
£1,30006/240.18 miPark Terrace, Bognor Regis2
£1,40007/240.19 miPark Terrace, BOGNOR REGIS2
£1,10007/240.19 miWest Street, Bognor Regis, West Sussex2
£1,07507/240.22 miRichmond Avenue, Bognor Regis, West Sussex, PO212
£2,50011/240.23 mi-2
£1,20006/240.25 miSteyne Street, Bognor Regis, West Sussex, PO212
£1,29507/240.26 miRoyal Hotel, The Esplanade, Bognor Regis, PO212
£1,10007/240.26 miThe Steyne, PO212
£1,20006/240.27 miMarine Park, Nyewood Lane, Bognor Regis, PO212
£1,73502/250.27 mi-2
£1,00006/240.28 miBurnham Avenue, BOGNOR REGIS2
£95007/240.28 miManor Place, Bognor Regis2
£1,45006/240.28 miThe Esplanade Bognor Regis PO212
£92502/250.28 mi-2
£95007/240.28 miBurnham Avenue, Bognor Regis, PO212
£1,25006/240.32 miPrincess Avenue, Aldwick, Bognor Regis, PO212
£92507/240.35 miFitzleet House Queensway BOGNOR REGIS West Sussex2
£97507/240.35 miFitzleet House Queensway BOGNOR REGIS West Sussex2
£1,15006/240.35 miMerchant Street, Bognor Regis2
£1,05007/240.35 miCanada Grove, Bognor Regis, PO212
£87506/240.39 mi-2
£89502/250.39 mi-2
£89507/240.39 miLinden Road, Bognor Regis, PO212
£85006/240.39 mi-2
£97506/240.42 miRegis House, Richmond Road, Bognor Regis, PO212
£1,25006/240.44 miBelmont Street, Bognor Regis, PO21 1JW2
£97507/240.46 miLongford Road, BOGNOR REGIS2
£1,15007/240.46 mi-2
£1,15007/240.46 mi-2
£1,25007/240.47 miVictoria Drive, Bognor Regis, West Sussex, PO212
£1,10006/240.47 miLondon Road, Bognor Regis2
£99512/240.49 mi-2
£1,00002/250.5 mi-2
£1,00007/240.5 miHills Court, Bognor Regis, PO212
£1,05007/240.51 miLongford Road, Bognor Regis, West Sussex, PO212
£1,20007/240.51 miSudley Road, Bognor Regis, West Sussex, PO212
£1,20006/240.52 miLyon Street, Bognor Regis2
£99506/240.55 miGlamis Street, Bognor Regis, PO212

Local Area Statistics

Population in PO21

39,509

Population in Bognor Regis

68,380

Town centre distance

0.58 miles away

Nearest school

0.60 miles away

Nearest train station

0.43 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+28%

Sales demand

Balanced market

Capital growth (5yrs)

+19%

Property History

Listed for £165,000

June 26, 2024

Floor Plans

Description

  • Well Presented Ground Floor Flat +
  • Within Walking Distance to the Beach +
  • Two Double Bedrooms +
  • Spacious Lounge / Dinning Room +
  • Modern Fitted Kitchen +
  • Fitted Shower Room +
  • UPVC Double Glazing & Gas Fired Central Heating Throughout +
  • Communal Gardens and Outdoor Space +
  • Permit Parking +
  • Close to a variety of Amenities +

Whitlocks estate Agents are delighted to bring to the market this well presented, ground floor Flat positioned in a central location close to local amenities and within walking distance to the beach. The property would make an ideal first time purchase for those wanting to get on to the property ladder. The property consists of a generous Entrance Hall leading through to a bright and spacious Lounge / Dining Room which has UPVC patio doors leading to a very secluded outdoor Courtyard area. There is also a modern fitted Kitchen, two double Bedrooms with built in storage and a modern fitted Shower Room for added convenience. Further benefits include UPVC Double Glazing and Gas Fired Central Heating throughout. Outside there is communal permit parking and plenty of on street parking available. There are also communal Garden areas for owners to enjoy at their own leisure. Viewing is a must to appreciate the space this property has to offer. The lease has 172 years remaining. Ground Rent is £25 per quarter. Service Charge is £724.79 per quarter. Forward Funding £614 per quarter.

EPC Rating: C

Agent Details

Whitlocks Estate Agents, Bognor Regis

01243 262747

Next Steps?

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