2 Bed Terraced House, Refurb/BRRR, Chichester, PO19 6BQ, £250,000

148 Broyle Road, Chichester, PO19 6BQ - 3 views - 10 months ago

Sold STC
Refurb/BRRR
ROI: 1%
~69 m²
+7 photos

ValuationFair Value

Sold Prices£215K - £802.7K
Sold Prices/m²£2.9K/m² - £10.3K/m²

 

 

Square Metres

~68.60 m²
Price/m²£3.6K/m²

Value Estimate

£255,000

 

 

End Value (After Refurb)

£314,340

Uplift in Value

+26%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£62,500

Stamp Duty & Legal Fees

£8,700

Refurb Costs

£31,827

Bridging Loan Interest

£6,563

Total Cash In

£111,339

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Estimated Sale Price

£314,340

Agent Fees (1%)

£3,143

Bridging Loan

£187,500

Bridging Loan Interest

£6,563

Flip Profit

£12,358

Local Sold Prices

50 sold prices from £215K to £802.7K, average is £352.5K. £2.9K/m² to £10.3K/m², average is £4.7K/m².

PriceDateDistanceAddressBeds 
£280K07/230.28 mi2, Winterbourne Road, Chichester, West Sussex PO19 6PA2
£350K07/230.34 mi34, Lloyd Road, Chichester, West Sussex PO19 6AZ2
£300K03/210.34 mi34, Lloyd Road, Chichester, West Sussex PO19 6AZ2
£343K12/230.34 mi40, Lloyd Road, Chichester, West Sussex PO19 6AZ2
£278K01/210.38 mi78, Winterbourne Road, Chichester, West Sussex PO19 6PB2
£235K11/230.38 mi79, Winterbourne Road, Chichester, West Sussex PO19 6PB2
£802.7K05/210.49 miSquirrels Holt, Fordwater Road, Chichester, West Sussex PO19 6PS2
£330K06/210.49 mi9, Selham Close, Chichester, West Sussex PO19 5BZ2
£312.5K12/200.54 mi47, King George Gardens, Chichester, West Sussex PO19 6LB2
£355K11/230.57 mi153, Parklands Road, Chichester, West Sussex PO19 3ED2
£290K09/210.57 mi8, Montagu Road, Chichester, West Sussex PO19 3NT2
£302.7K07/230.59 mi46, Graylingwell Drive, Chichester, West Sussex PO19 6AN2
£375K06/210.65 mi10, Cavendish Street, Chichester, West Sussex PO19 3BS2
£310K09/210.65 mi43, Cavendish Street, Chichester, West Sussex PO19 3BS2
£345K08/230.66 mi27, Palmers Field Avenue, Chichester, West Sussex PO19 6YE2
£296K05/210.67 mi26, Cavendish Street, Chichester, West Sussex PO19 3BT2
£365K03/240.67 mi37, Washington Street, Chichester, West Sussex PO19 3BN2
£325K10/230.67 mi25, Washington Street, Chichester, West Sussex PO19 3BN2
£420K11/220.68 mi14, Washington Street, Chichester, West Sussex PO19 3BN2
£450K11/200.68 mi31, St Pauls Road, Chichester, West Sussex PO19 3BJ2
£345K06/210.69 mi11, Oak Avenue, Chichester, West Sussex PO19 3AH2
£430K11/220.75 mi13, Hawthorn Close, Chichester, West Sussex PO19 3DZ2
£412.5K06/210.75 mi15, Hawthorn Close, Chichester, West Sussex PO19 3DZ2
£690K07/230.75 mi38, Cedar Drive, Chichester, West Sussex PO19 3EQ2
£417.5K03/240.76 mi12, Franklin Place, Chichester, West Sussex PO19 1BL2
£570K12/200.76 mi38, Franklin Place, Chichester, West Sussex PO19 1BL2
£400K02/210.76 mi36, Franklin Place, Chichester, West Sussex PO19 1BL2
£450K11/230.76 mi9, Franklin Place, Chichester, West Sussex PO19 1BL2
£360K02/230.76 mi40, Franklin Place, Chichester, West Sussex PO19 1BL2
£520K11/220.76 mi31, Franklin Place, Chichester, West Sussex PO19 1BL2
£396K02/210.76 mi5a, Northgate, Chichester, West Sussex PO19 1BA2
£440K12/220.76 mi5a, Northgate, Chichester, West Sussex PO19 1BA2
£378K11/220.77 mi53, Bishopsgate Walk, Chichester, West Sussex PO19 6FQ2
£345K03/240.77 mi54, Bishopsgate Walk, Chichester, West Sussex PO19 6FQ2
£310K01/230.77 mi198, Orchard Street, Chichester, West Sussex PO19 1DF2
£305K06/210.79 mi23, North Walls, Chichester, West Sussex PO19 1BY2
£317.5K04/230.79 mi24, North Walls, Chichester, West Sussex PO19 1BY2
£377.5K03/240.79 mi4, Priory Lane, Chichester, West Sussex PO19 1NL2
£375K11/230.82 mi118, Orchard Street, Chichester, West Sussex PO19 1DE2
£320K04/240.82 mi128, Orchard Street, Chichester, West Sussex PO19 1DE2
£400K07/230.82 mi122, Orchard Street, Chichester, West Sussex PO19 1DE2
£320K11/220.82 mi19, Barton Road, Chichester, West Sussex PO19 3LJ2
£340K08/230.84 mi17, Durnford Close, Chichester, West Sussex PO19 3AG2
£320K02/210.84 mi24, Durnford Close, Chichester, West Sussex PO19 3AG2
£425K03/210.86 mi46, Spitalfield Lane, Chichester, West Sussex PO19 6SH2
£215K10/210.86 mi15, Berkeley Mews, Chichester, West Sussex PO19 7WS2
£280K01/210.89 mi13, Melbourne Road, Chichester, West Sussex PO19 7NE2
£356.1K03/210.89 mi32, Melbourne Road, Chichester, West Sussex PO19 7ND2
£365K12/200.9 mi52, Parklands Road, Chichester, West Sussex PO19 3DT2
£550K09/230.9 mi47, Parklands Road, Chichester, West Sussex PO19 3DX2

Local Rents

22 rents from £1.1K/mo to £1.8K/mo, average is £1.3K/mo.

RentDateDistanceAddressBeds 
£1,30007/240.1 miWolfe Close, Chichester2
£1,30008/240.11 mi7 Wolfe Close, Chicheste2
£1,35008/240.15 miThe Lane, Chichester2
£1,75007/240.17 miHighland Road, Chichester2
£1,25007/240.17 miLavant Road, Chichester, PO192
£1,35006/240.18 miCharlotte Avenue, Chichester2
£1,55007/240.18 mi2 bedroom End Terrace House in Chichester2
£1,40007/240.31 miLloyd Road, Chichester2
£1,40007/240.31 miLloyd Road, Chichester2
£1,25008/240.43 miLongley Road, Graylingwell Park, Chichester2
£1,20007/240.45 miWinterbourne Road, Chichester2
£1,55007/240.46 miMaplehurst Road Chichester PO192
£1,25007/240.48 miLongley Road, Chichester, PO192
£1,35006/240.5 miChichester2
£1,29509/240.5 miLongley Road, Chichester, PO192
£1,25006/240.51 mi-2
£1,25005/240.51 mi-2
£1,25007/240.53 miMcNeil House, Charlotte Avenue, Rousillon Park, Chichester, PO192
£1,15003/250.6 mi-2
£1,25007/240.6 mi-2
£1,20007/240.61 miPaulus Court, Somerstown2
£1,20008/240.61 miFestival Court, Chichester2

Local Area Statistics

Population in PO19

30,184

Population in Chichester

75,877

Town centre distance

0.99 miles away

Nearest school

0.20 miles away

Nearest train station

1.33 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+44%

Sales demand

Balanced market

Capital growth (5yrs)

+11%

Property History

Listed for £250,000

July 4, 2024

Floor Plans

Description

  • Grade II listed cottage +
  • Close to city centre and local shops and doctors' surgery +
  • In need of modernisation +
  • Sitting room +
  • Open plan kitchen/dining room +
  • 2 first floor bedrooms +
  • Bathroom +
  • Gas central heating +
  • Side access to small courtyard +
  • Pretty west facing garden. +

A charming Grade II listed end of terrace cottage with a pretty west facing rear garden in need of considerable renovation and redecoration.

DESCRIPTION:

Situated at the upper end of Broyle Road and on the corner with the cul-de-sac of Springfield, 148 Broyle Road is a charming Grade II listed end of terrace cottage believed to date from the early 1800s. Although in need of considerable renovation and redecoration, the property has an attractive red brick front elevation, sits under a tiled hipped roof, and has side and rear garden areas. The accommodation on the ground floor includes a sitting room to the front with exposed floorboards and fireplace, a separate dining room being semi open plan to a kitchen at the rear, and an entrance lobby to the side with WC. On the first floor, there are 2 bedrooms and a bathroom/WC. The property also benefits from gas central heating to radiators.

Outside, a side gate from the front of the property opens to a south facing courtyard garden, which leads to a pretty west facing rear garden with lawn and mature shrubbery.

Local Authority – Chichester District Council

Council Tax Band – Band D

EPC Rating – N/A listed

LOCATION:

The property is located in Summersdale, one of the most popular locations in Chichester due to its easy access to Chichester city centre, local schools and facilities.

There is a local sub-Post Office and store on The Broadway, a medical centre on Lavant Road, and a regular bus service runs from the main road into the city centre. Brandy Hole Copse, an enchanting 15-acre woodland nature reserve, and Centurion Way, a 9km cycleway (connecting Chichester to West Dean), are all within walking distance of the property.

The cathedral city of Chichester offers excellent high-street shopping and many fashionable restaurants, cafes and bars, a leisure centre with swimming pool, sports clubs, cinemas, and is home to the Pallant House Gallery and the renowned Festival Theatre. It also has a railway station with regular services to London (Victoria) and along the coast to Portsmouth and Brighton. The Goodwood Estate, situated just to the north of Chichester, 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 horseracing including the Glorious Goodwood Festival.

Agent Details

Stride and Son, Chichester

020 3835 4104

Next Steps?

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