3 Bed Flat, Single Let, Bognor Regis, PO21 1DW, £170,000

15B Canada Grove, Bognor Regis, West Sussex, PO21 1DW - 8 months ago

Sold STC
Leasehold
BTL
ROI: 11%
83 m²
+9 photos

ValuationUndervalued

Sold Prices£148K - £563K
Sold Prices/m²£1.8K/m² - £5.5K/m²

 

 

Square Metres

83 m²
Price/m²£2K/m²

Value Estimate

£210,800
BMV24%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£42,500

Stamp Duty & Legal Fees

£6,300

Total Cash In

£48,800

 

 

Cash Out

 

Rent Range

£1,060 - £2,167

Rent Estimate

£1,250

Running Costs/mo

£801

Cashflow/mo

£449

Cashflow/yr

£5,385

ROI

11%

Gross Yield

9%

Local Sold Prices

20 sold prices from £148K to £563K, average is £295K. £1.8K/m² to £5.5K/m², average is £2.8K/m².

PriceDateDistanceAddressBeds 
£278K05/240.39 miSabey Court, Flat 7, Albert Road, Bognor Regis, West Sussex PO21 1LU3
£385K09/230.4 mi8, Rock Gardens, Bognor Regis, West Sussex PO21 2LE3
£148K12/230.4 mi1, Sudley Gardens, Bognor Regis, West Sussex PO21 1HY3
£175K04/210.55 mi70, Kyoto Court, Bognor Regis, West Sussex PO21 2UL3
£217K03/210.6 miFlat 14, Clarehaven Court, Wessex Avenue, Bognor Regis, West Sussex PO21 2QW3
£230K06/210.76 mi142b, Orchard Way, Bognor Regis, West Sussex PO22 9JX3
£210K11/230.78 mi124b, Orchard Way, Bognor Regis, West Sussex PO22 9JU3
£218K04/210.78 mi128a, Orchard Way, Bognor Regis, West Sussex PO22 9JU3
£200K07/210.85 mi5, Durlston Drive, Bognor Regis, West Sussex PO22 9DH3
£420K06/210.86 mi10, Gilwynes, Bognor Regis, West Sussex PO21 3SG3
£230K10/201.17 miFlat 3, Turret House, Limmer Lane, Bognor Regis, West Sussex PO22 7EN3
£563K12/201.52 mi9, Overdown Road, Bognor Regis, West Sussex PO22 7HW3
£540K10/211.77 mi5, Craigweil Manor, Bognor Regis, West Sussex PO21 4AP3
£497.5K07/211.77 mi10, Craigweil Manor, Bognor Regis, West Sussex PO21 4AP3
£338K01/211.95 mi35, Pryors Lane, Bognor Regis, West Sussex PO21 4LH3
£340K03/211.99 mi47, Roundle Avenue, Bognor Regis, West Sussex PO22 8LJ3
£310K06/232.6 mi15, Greenfields, Bognor Regis, West Sussex PO22 7SS3
£310K07/212.6 mi12, Greenfields, Bognor Regis, West Sussex PO22 7SS3
£347K03/212.6 mi4, Greenfields, Bognor Regis, West Sussex PO22 7SS3
£280K11/202.8 mi5, Harefield Gardens, Bognor Regis, West Sussex PO22 6EQ3

Local Rents

22 rents from £1.1K/mo to £2.2K/mo, average is £1.4K/mo.

RentDateDistanceAddressBeds 
£1,30006/240.06 miGainsboro Road, Bognor Regis3
£1,06009/240.11 mi-3
£2,16712/240.16 mi-3
£1,75006/240.16 miSpencer Street, BOGNOR REGIS3
£1,30002/250.19 mi-3
£1,49512/240.21 mi-3
£1,25002/250.22 mi-3
£1,25007/240.25 miWrenfield Place, Scott Close, Bognor Regis, PO213
£1,40012/240.25 mi-3
£1,40012/240.25 mi-3
£1,20003/250.25 mi-3
£1,35007/240.27 miGlamis Street, Bognor Regis, PO213
£2,12506/240.42 miCarlingford Court, Bognor Regis, PO213
£1,25006/240.43 miPark Road, Bognor Regis, PO213
£2,00003/250.43 mi-3
£1,60007/240.46 miMarshall Avenue, Bognor Regis, PO213
£1,45006/240.46 miShelley Road, PO213
£1,30006/240.47 miDorset Road, Bognor Regis3
£1,45007/240.54 miEssex Road, Bognor Regis, PO213
£1,35006/240.54 mi-3
£1,20006/240.54 miKyoto Court, Bognor Regis, West Sussex, PO213
£1,25006/240.56 miKyoto Court, Nyewood Lane, Bognor Regis, PO213

Local Area Statistics

Population in PO21

39,509

Population in Bognor Regis

68,380

Town centre distance

0.30 miles away

Nearest school

0.30 miles away

Nearest train station

0.13 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+28%

Sales demand

Balanced market

Capital growth (5yrs)

+19%

Property History

Listed for £170,000

July 15, 2024

Sold for £140,000

2019

Sold for £44,000

1999

Floor Plans

Description

  • First Floor Flat +

  • Private Enclosed Garden +

  • Close to local town +

  • Walking Distance To The Beach +

  • Close Transport Links +

  • As and When Service Charges +

SUMMARY
*GUIDE PRICE £170,000 - 180,000* Fox and Sons are delighted to bring to market a spacious three bedroom first floor flat in the heart of Bognor Regis.

DESCRIPTION
This property is a spacious first floor flat which benefits from a large living room with a featured bay window, dining room, fitted kitchen,one double bedroom and a further two single bedrooms and family bathroom. The property further benefits from loft room and a private enclosed garden.

The property is situated on seaside town of Bognor Regis, The town provides a range of shopping facilities, cinema, beach and an array of bars/ restaurants and loads more!

We currently hold lease details as displayed above, should you require further information please contact the branch. Please note additional fees could be incurred for items such as leasehold packs.

1. MONEY LAUNDERING REGULATIONS: Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2. General: While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.
3. The measurements indicated are supplied for guidance only and as such must be considered incorrect.
4. Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.
5. THESE PARTICULARS ARE ISSUED IN GOOD FAITH BUT DO NOT CONSTITUTE REPRESENTATIONS OF FACT OR FORM PART OF ANY OFFER OR CONTRACT. THE MATTERS REFERRED TO IN THESE PARTICULARS SHOULD BE INDEPENDENTLY VERIFIED BY PROSPECTIVE BUYERS OR TENANTS. NEITHER SEQUENCE (UK) LIMITED NOR ANY OF ITS EMPLOYEES OR AGENTS HAS ANY AUTHORITY TO MAKE OR GIVE ANY REPRESENTATION OR WARRANTY WHATEVER IN RELATION TO THIS PROPERTY.

Agent Details

Fox & Sons, Bognor Regis

01243 973058

Next Steps?

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