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

20 Greenfields, Bognor Regis, West Sussex, PO22 7SS - 8 months ago

Sold STC
BTL
~68 m²
+12 photos

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.

PriceDateDistanceAddressBeds 
£275K06/230.01 mi11, Greenfields, Bognor Regis, West Sussex PO22 7SS2
£285K06/230.01 mi14, Greenfields, Bognor Regis, West Sussex PO22 7SS2
£116K03/210.06 miFlat 67, Buckingham Court, Shrubbs Drive, Bognor Regis, West Sussex PO22 7SF2
£98K03/210.06 miFlat 77, Buckingham Court, Shrubbs Drive, Bognor Regis, West Sussex PO22 7SF2
£150K05/230.06 miFlat 60, Buckingham Court, Shrubbs Drive, Bognor Regis, West Sussex PO22 7SF2
£164.5K07/210.1 miFlat 26, St Nicholas Court, Elmer Road, Bognor Regis, West Sussex PO22 6ES2
£180K01/230.12 mi42, Kingfisher Court, Bognor Regis, West Sussex PO22 7ST2
£165K07/230.12 mi11, Kingfisher Court, Bognor Regis, West Sussex PO22 7ST2
£117K10/210.12 mi15, Kingfisher Court, Bognor Regis, West Sussex PO22 7ST2
£140K07/230.12 mi17, Kingfisher Court, Bognor Regis, West Sussex PO22 7ST2
£125K08/230.12 mi45, Kingfisher Court, Bognor Regis, West Sussex PO22 7ST2
£150K12/220.12 mi22, Kingfisher Court, Bognor Regis, West Sussex PO22 7ST2
£159.5K12/200.15 mi7, Nightingale Court, Bognor Regis, West Sussex PO22 7SU2
£124K05/230.22 mi15, Satinwood Close, Bognor Regis, West Sussex PO22 6SB2
£330K12/220.33 mi30, Thompson Road, Bognor Regis, West Sussex PO22 7UG2
£317.5K01/210.39 mi7, Freya Close, Bognor Regis, West Sussex PO22 7UQ2
£300K09/230.39 mi6, Freya Close, Bognor Regis, West Sussex PO22 7UQ2
£317.5K01/210.39 mi7, Freya Close, Bognor Regis, West Sussex PO22 7UQ2
£282.5K06/210.39 mi15, Freya Close, Bognor Regis, West Sussex PO22 7UQ2
£164K01/210.4 mi92a, Elmer Road, Bognor Regis, West Sussex PO22 6EX2
£250K02/230.75 mi6, Lionel Avenue, Bognor Regis, West Sussex PO22 8LF2
£188K11/200.82 miFlat 4, Norwood Court, Northwyke Close, Bognor Regis, West Sussex PO22 8QP2
£169.9K12/230.82 mi5, Northwyke Close, Bognor Regis, West Sussex PO22 8QH2

Local Rents

25 rents from £825/mo to £1.6K/mo, average is £1.2K/mo.

RentDateDistanceAddressBeds 
£1,25007/240.19 miSilver Birch Drive, Middleton On Sea, Bognor Regis, PO222
£1,20007/240.19 miSilver Birch Drive, Middleton On Sea, Bognor Regis, PO222
£1,19507/240.2 miHarefield Gardens, Middleton on Sea2
£1,22508/240.25 miMiddleton-On-Sea2
£1,20007/240.3 miAlfred Close, Bognor Regis2
£97507/240.4 miElmer Road, BOGNOR REGIS2
£1,20007/240.42 miBaldwin Close, Bognor Regis2
£1,25008/240.45 miHenfield Way, Bognor Regis, PO222
£1,25008/240.46 miHenfield Way, Felpham, Bognor Regis, PO222
£1,20012/240.64 mi-2
£1,15007/240.69 miFittleworth Drive, BOGNOR REGIS2
£1,20009/240.8 miSloe Gardens, Felpham2
£82502/250.81 mi-2
£89502/250.81 mi-2
£1,10007/240.82 miNorthwyke Close, Bognor Regis2
£1,10007/240.82 miNorthwyke Close, Bognor Regis2
£1,29506/240.95 miSouthview Road, Bognor Regis, PO222
£87506/240.97 miFelpham Way, Felpham2
£1,29506/241.05 miSummerley Point, Summerley Lane, Felpham, PO222
£95007/241.16 miOuterwyke Road, Felpham2
£1,60005/241.17 mi-2
£1,40007/241.19 miGlynde Crescent, Bognor Regis, West Sussex, PO222
£95006/241.2 miOuterwyke Road Felpham Bognor Regis West Sussex2
£1,30009/241.2 miFelpham2
£1,20006/241.22 miFelpham2

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

  • Quality Purpose Built Apartment +
  • 886 Sqft of Accommodation +
  • First Floor with Lift Access +
  • 2 Double Bedrooms +
  • 2 Bath/Shower Rooms +
  • Spacious Sitting/Dining Room +
  • Kitchen/Breakfast Room +
  • Nearby Garage with Power +
  • Long Lease & Shared Freehold +

Forming part of the popular Berkeley Homes Greenfield development, built circa 2001, this well presented first floor apartment is located at the heart of Middleton-on-Sea village centre and offered for sale with the advantage of no onward chain. The property benefits from having a long lease and a share of the freehold. The property is approached via the well-kept communal grounds with the secure outer front door leading into the communal hall with lift and stairs to the first floor. Once inside the apartment, the accommodation measures 886 sqft and briefly comprises: wide entrance hall with walk-in store/airing cupboard and main bathroom. To the front of the building is the well presented kitchen/breakfast room with integral appliances as well as the second bedroom, which will accommodate a double bed. Towards the rear of the building are the spacious sitting/dining room and the principal bedroom which also has fitted storage as well as an en-suite shower room. The single garage can be found in the nearby courtyard area (please see map) and benefits from power, as well as a remotely operated up and over door. Tenure: Share of freehold. We understand there is a 999 year lease from 1st October 2000. Maintenance Charge: We understand the maintenance charge is approximately £3,462 p.a.

EPC Rating: B

Agent Details

Henry Adams, Middleton-On-Sea

01243 973056

Next Steps?

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