2 Bed Flat, Single Let, Bognor Regis, PO22 7SS, £279,000





ValuationOvervalued
Sold Prices | £98K - £330K |
Sold Prices/m² | £1.9K/m² - £5.2K/m² |
| |
Square Metres | ~68.11 m² |
Price/m² | £4.1K/m² |
Value Estimate | £199,758 |
Cashflows
Cash In | |
Purchase Finance | Mortgage |
Deposit (25%) | £69,750 |
Stamp Duty & Legal Fees | £11,500 |
Total Cash In | £81,250 |
| |
Cash Out | |
Rent Range | £825 - £1,600 |
Rent Estimate | £903 |
Running Costs/mo | £1,072 |
Cashflow/mo | £-169 |
Cashflow/yr | £-2,034 |
Gross Yield | 4% |
Local Sold Prices
23 sold prices from £98K to £330K, average is £165K. £1.9K/m² to £5.2K/m², average is £2.9K/m².
Local Rents
25 rents from £825/mo to £1.6K/mo, average is £1.2K/mo.
Local Area Statistics
Population in PO22 | 28,866 |
Population in Bognor Regis | 68,380 |
Town centre distance | 2.43 miles away |
Nearest school | 0.60 miles away |
Nearest train station | 2.52 miles away |
| |
Rental demand | Landlord's market |
Rental growth (12m) | +3% |
Sales demand | Balanced market |
Capital growth (5yrs) | +16% |
Property History
Price changed to £279,000
December 4, 2024
Listed for £285,000
July 8, 2024
Sold for £165,000
2002
Floor Plans

Description
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