3 Bed Bungalow, Refurb/BRRR, Chichester, PO20 8HS, £525,000

4 Sandringham Close, Bracklesham Bay, Chichester - 1 views - 10 months ago

Refurb/BRRR

~102 m²

+9 photos

ValuationOvervalued

Sold Prices	£245K - £1.3M
Sold Prices/m²	£3.2K/m² - £20.9K/m²

Square Metres	~101.70 m²
Price/m²	£5.2K/m²
Value Estimate	£456,169£456,169

End Value (After Refurb)	£490,966£490,966

Investment Opportunity

Cash In
Purchase Finance	Bridging LoanBridging Loan
Deposit (25%)	£131,250£131,250
Stamp Duty & Legal Fees	£41,200£41,200
Refurb Costs	£46,804£46,804
Bridging Loan Interest	£13,781£13,781
Total Cash In	£234,785£234,785

Cash Out
Monetisation	FlipRefinance & RentRefinance & Rent
Revaluation	£490,966£490,966
Mortgage (After Refinance)	£368,224£368,224
Mortgage LTV	75%75%
Cash Left In	£234,785£234,785
Equity	£122,741£122,741
Rent Range	£850 - £3,500£850 - £3,500
Rent Estimate	£1,746
Running Costs/mo	£1,903£1,903
Cashflow/mo	£-157£-157
Cashflow/yr	£-1,890£-1,890
Gross Yield	4%4%

Local Sold Prices

44 sold prices from £245K to £1.3M, average is £415K. £3.2K/m² to £20.9K/m², average is £4.9K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£462K	02/21	0.05 mi	Hermes, Farm Road, Bracklesham Bay, Chichester, West Sussex PO20 8JU	£4,485	103	3	Detached House
£500K	06/23	0.06 mi	11, Pond Road, Bracklesham Bay, Chichester, West Sussex PO20 8HR	£5,525	91	3	Detached House
£385K	01/21	0.1 mi	Avondale, Beech Avenue, Bracklesham Bay, Chichester, West Sussex PO20 8HU	£5,500	70	3	Detached House
£465K	12/20	0.14 mi	Holmslea, East Bracklesham Drive, Bracklesham Bay, Chichester, West Sussex PO20 8JH	£5,614	83	3	Semi-Detached House
£375K	05/23	0.18 mi	3, Wilton Close, Bracklesham Bay, Chichester, West Sussex PO20 8QY	-	-	3	Semi-Detached House
£625K	08/21	0.18 mi	12, Elm Close, Bracklesham Bay, Chichester, West Sussex PO20 8HY	£5,631	111	3	Detached House
£425K	11/22	0.19 mi	5, Wilton Close, Bracklesham Bay, Chichester, West Sussex PO20 8QY	-	-	3	Detached House
£400K	05/23	0.19 mi	3, Third Avenue, Bracklesham Bay, Chichester, West Sussex PO20 8JL	£5,195	77	3	Semi-Detached House
£325K	11/20	0.19 mi	3, Third Avenue, Bracklesham Bay, Chichester, West Sussex PO20 8JL	£4,221	77	3	Semi-Detached House
£450K	01/23	0.19 mi	18, Elm Close, Bracklesham Bay, Chichester, West Sussex PO20 8HY	-	-	3	Detached House
£290K	04/23	0.19 mi	15, Plover Close, East Wittering, Chichester, West Sussex PO20 8PW	-	-	3	Terraced House
£275K	10/20	0.19 mi	19, Plover Close, East Wittering, Chichester, West Sussex PO20 8PW	£3,618	76	3	Terraced House
£570K	08/21	0.19 mi	4, Elm Close, Bracklesham Bay, Chichester, West Sussex PO20 8HY	-	-	3	Detached House
£295K	09/21	0.21 mi	35, Kestrel Close, East Wittering, Chichester, West Sussex PO20 8PQ	£3,831	77	3	Semi-Detached House
£295K	11/20	0.21 mi	21, Kestrel Close, East Wittering, Chichester, West Sussex PO20 8PQ	£3,933	75	3	Terraced House
£390K	06/21	0.21 mi	Maverhurst, Bracklesham Lane, Bracklesham Bay, Chichester, West Sussex PO20 8JA	-	-	3	Semi-Detached House
£445K	05/23	0.23 mi	8, Shalbourne Crescent, Bracklesham Bay, Chichester, West Sussex PO20 8JY	£5,057	88	3	Detached House
£320K	06/21	0.23 mi	27, Shalbourne Crescent, Bracklesham Bay, Chichester, West Sussex PO20 8JY	-	-	3	Detached House
£1.2M	12/20	0.23 mi	Beach Lodge, West Bracklesham Drive, Bracklesham Bay, Chichester, West Sussex PO20 8PH	£7,057	170	3	Detached House
£390K	05/21	0.24 mi	6, Marineside, Bracklesham Bay, Chichester, West Sussex PO20 8JJ	£5,342	73	3	Semi-Detached House
£375K	12/20	0.24 mi	29, Woodborough Close, Bracklesham Bay, Chichester, West Sussex PO20 8UA	£4,032	93	3	Detached House
£565K	02/23	0.26 mi	43, Legion Way, East Wittering, Chichester, West Sussex PO20 8PP	£6,807	83	3	Detached House
£245K	02/21	0.38 mi	37, Tide Way, Bracklesham Bay, Chichester, West Sussex PO20 8FE	£3,333	74	3	Terraced House
£280K	05/21	0.38 mi	43, Tide Way, Bracklesham Bay, Chichester, West Sussex PO20 8FE	£4,828	58	3	Semi-Detached House
£365K	04/23	0.4 mi	136, Stocks Lane, East Wittering, Chichester, West Sussex PO20 8NT	-	-	3	Semi-Detached House
£1.3M	06/21	0.4 mi	Shore House, East Bracklesham Drive, Bracklesham Bay, Chichester, West Sussex PO20 8JW	£20,891	61	3	Detached House
£374.9K	11/20	0.42 mi	Ashurst, Peerley Road, East Wittering, Chichester, West Sussex PO20 8DW	£3,504	107	3	Detached House
£359K	01/23	0.44 mi	61, Tide Way, Bracklesham Bay, Chichester, West Sussex PO20 8FE	£4,901	73	3	Terraced House
£295K	03/21	0.5 mi	108, Stocks Lane, East Wittering, Chichester, West Sussex PO20 8NR	£4,275	69	3	Terraced House
£270K	11/20	0.5 mi	66, Stocks Lane, East Wittering, Chichester, West Sussex PO20 8NR	£3,214	84	3	Terraced House
£670K	03/21	0.52 mi	24, Seafield Close, East Wittering, Chichester, West Sussex PO20 8DP	£10,469	64	3	Semi-Detached House
£524K	04/21	0.56 mi	20, Seafield Close, East Wittering, Chichester, West Sussex PO20 8DP	£6,895	76	3	Detached House
£775K	01/21	0.57 mi	Clandon, 8, Coney Six, East Wittering, Chichester, West Sussex PO20 8DL	-	-	3	Detached House
£405K	02/21	0.57 mi	17, Wessex Avenue, East Wittering, Chichester, West Sussex PO20 8NP	-	-	3	Detached House
£500K	01/23	0.66 mi	10, Barn Road, East Wittering, Chichester, West Sussex PO20 8NL	-	-	3	Semi-Detached House
£450K	05/21	0.73 mi	14, Oakfield Avenue, East Wittering, Chichester, West Sussex PO20 8BU	£4,839	93	3	Semi-Detached House
£440K	03/21	0.73 mi	23, Solent Road, East Wittering, Chichester, West Sussex PO20 8DJ	-	-	3	Detached House
£480K	03/21	0.8 mi	Mill Cottage, 11, Church Road, East Wittering, Chichester, West Sussex PO20 8PS	-	-	3	Detached House
£352K	03/21	0.85 mi	4, Mill Gardens, East Wittering, Chichester, West Sussex PO20 8PR	£4,000	88	3	Detached House
£820K	01/23	0.87 mi	48, Shore Road, East Wittering, Chichester, West Sussex PO20 8DZ	£6,308	130	3	Semi-Detached House
£675K	01/21	0.88 mi	Seascape, 43a, Shore Road, East Wittering, Chichester, West Sussex PO20 8DY	-	-	3	Semi-Detached House
£550K	08/23	0.91 mi	19, Harrow Drive, West Wittering, Chichester, West Sussex PO20 8EJ	£5,729	96	3	Detached House
£370K	06/23	0.99 mi	22, The Crescent, West Wittering, Chichester, West Sussex PO20 8EE	-	-	3	Detached House
£480K	07/23	1 mi	4, Windsor Drive, West Wittering, Chichester, West Sussex PO20 8EG	£4,948	97	3	Detached House

Local Rents

36 rents from £850/mo to £3.5K/mo, average is £1.4K/mo.

Rent	Date	Distance	Address	Beds	Type
£2,200	07/24	0.15 mi	Honeys, Bracklesham Bay	3	Bungalow
£2,900	01/25	0.17 mi	-	4	Detached House
£1,000	07/24	0.19 mi	Cormorant Way, Chichester	2	Flat
£1,000	12/24	0.21 mi	-	2	Flat
£1,150	02/25	0.27 mi	-	2	Terraced House
£1,200	06/24	0.3 mi	Willow Way, Bracklesham Bay, Chichester	2	Detached House
£1,395	12/24	0.33 mi	Axford Close, Bracklesham Bay, Chichester, PO20	2	Semi-Detached House
£915	06/24	0.36 mi	-	2	Flat
£1,500	07/24	0.37 mi	Charlie Drive, Bracklesham Bay, Chichester, PO20	2	Terraced House
£1,150	06/24	0.38 mi	Tide Way, Bracklesham Bay	2	Flat
£1,450	07/24	0.38 mi	Tide Way Bracklesham Bay PO20	3	Terraced House
£1,300	12/24	0.41 mi	-	2	Terraced House
£1,300	07/24	0.41 mi	Hayward Place, Bracklesham Bay, Chichester, PO20	2	Terraced House
£1,150	07/24	0.41 mi	Tide Way, Bracklesham Bay, Chichester	2	Terraced House
£1,300	07/24	0.5 mi	Stocks Lane PO20	3	Terraced House
£2,200	07/24	0.51 mi	East Bracklesham Drive, Bracklesham Bay	3	Bungalow
£1,075	06/24	0.79 mi	Sandlands Point, East Wittering	2	Flat
£1,750	07/24	0.8 mi	Church Road East Wittering PO20	3	Bungalow
£1,050	12/24	0.88 mi	East Wittering	1	Flat
£1,600	06/24	0.89 mi	Shore Road, East Wittering	3	Flat
£1,100	07/24	0.89 mi	Harrow Drive, East Wittering	2	Flat
£1,400	06/24	0.96 mi	Sandpiper Walk, West Wittering	3	Detached House
£2,250	07/24	1.79 mi	Batchmere	4	Terraced House
£850	04/25	1.85 mi	-	1	Flat
£3,250	04/25	1.9 mi	-	4	Detached House
£3,000	07/24	1.91 mi	West Wittering, Chichester, PO20	4	Detached House
£3,000	12/24	1.91 mi	-	4	Detached House
£3,500	03/25	1.91 mi	-	4	Detached House
£2,495	06/24	2.04 mi	Middlefield, West Wittering, Chichester, PO20	3	Flat
£2,495	07/24	2.05 mi	The Wad, West Wittering, Chichester, PO20	3	Detached House
£2,750	06/24	2.05 mi	Royce Close, West Wittering	4	Detached House
£1,650	04/25	2.08 mi	-	2	Terraced House
£1,350	06/24	2.2 mi	Hillands Farm Annex, Batchmere Road, Chichester, West Sussex	2	Flat
£3,000	07/24	2.42 mi	The Spinney, Itchenor, PO20	3	Bungalow
£1,400	06/24	2.48 mi	Walwyn Close, Chichester, PO20	3	Terraced House
£1,400	12/24	2.48 mi	-	3	Terraced House

Local Area Statistics

Population in PO20	32,43732,437
Population in Chichester	75,87775,877
Town centre distance	6.15 miles away6.15 miles away
Nearest school	0.80 miles away0.80 miles away
Nearest train station	5.82 miles away5.82 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	+7%+7%
Sales demand	Buyer's marketBuyer's market
Capital growth (5yrs)	+14%+14%

Property History

Price changed to £525,000

March 24, 2025

Listed for £550,000

July 8, 2024

Floor Plans

Description

THREE BEDROOM DETACHED BUNGALOW +
LARGE GARDEN +
GARAGE & OFF-ROAD PARKING +
REQUIRING COMPLETE MODERNISATION +
NO FORWARD CHAIN +
NEAR THE BEACH, SHOPS AND LOCAL BUS ROUTE +

Presenting a rare opportunity to acquire a generously sized three-bedroom detached bungalow in a popular location, just a short distance away from the beach, local shops, and convenient bus routes. This distinguished property features a sizeable garden with a natural pond, garage, and off-road parking facilities. Brimming with potential, the bungalow offers a blank canvas for those seeking to infuse their personal touch, as complete modernisation is required throughout.

The spacious interior comprises three bedrooms, providing ample accommodation for families or those in search of extra space. Boasting a desirable no forward chain status, this property ensures a seamless transaction for prospective buyers. With its prime position and proximity to essential amenities, this residence embodies the essence of convenient coastal living.

Agent Details

Henry Adams, East Wittering

01243 973409

Next Steps?

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