2 Bed Terraced House, Single Let, Bognor Regis, PO22 6RS, £249,500

7 Montgomery Drive, Bognor Regis, West Sussex, PO22 6RS - 8 months ago

BTL
ROI: 1%
50 m²
+5 photos

ValuationOvervalued

Sold Prices£219.5K - £461.5K
Sold Prices/m²£3.3K/m² - £7.7K/m²

 

 

Square Metres

49.58 m²
Price/m²£5K/m²

Value Estimate

£227,438

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£62,375

Stamp Duty & Legal Fees

£9,500

Total Cash In

£71,875

 

 

Cash Out

 

Rent Range

£1,100 - £1,250

Rent Estimate

£1,106

Running Costs/mo

£1,021

Cashflow/mo

£85

Cashflow/yr

£1,021

ROI

1%

Gross Yield

5%

Local Sold Prices

50 sold prices from £219.5K to £461.5K, average is £289.5K. £3.3K/m² to £7.7K/m², average is £4.6K/m².

PriceDateDistanceAddressBeds 
£240K11/200.04 mi20, Merlin Way, Bognor Regis, West Sussex PO22 6RN2
£292K01/240.05 mi27, Kynon Gardens, Bognor Regis, West Sussex PO22 6RF2
£219.5K03/210.05 mi9, Kynon Gardens, Bognor Regis, West Sussex PO22 6RF2
£250K08/230.05 mi11, Kynon Gardens, Bognor Regis, West Sussex PO22 6RF2
£350K05/210.12 mi4, Hardy Close, Bognor Regis, West Sussex PO22 6QX2
£261.5K11/230.14 mi8, Lilac Close, Bognor Regis, West Sussex PO22 6SH2
£253K03/240.17 mi8, Satinwood Close, Bognor Regis, West Sussex PO22 6SB2
£274.3K07/230.17 mi27, Compton Drive, Bognor Regis, West Sussex PO22 6QW2
£275.5K10/230.17 mi38, Compton Drive, Bognor Regis, West Sussex PO22 6QW2
£230K05/210.17 mi33, Compton Drive, Bognor Regis, West Sussex PO22 6QW2
£267K01/240.17 mi18, Compton Drive, Bognor Regis, West Sussex PO22 6QW2
£255K08/210.17 mi22, Compton Drive, Bognor Regis, West Sussex PO22 6QW2
£226K11/200.17 mi16, Compton Drive, Bognor Regis, West Sussex PO22 6QW2
£240K01/210.17 mi27, Compton Drive, Bognor Regis, West Sussex PO22 6QW2
£264K04/240.18 mi15, Silver Birch Drive, Bognor Regis, West Sussex PO22 6SJ2
£461.5K07/230.2 mi113, Middleton Road, Bognor Regis, West Sussex PO22 6DA2
£260K03/210.2 mi5, Pulborough Way, Bognor Regis, West Sussex PO22 6QR2
£275K01/240.2 mi61, Pulborough Way, Bognor Regis, West Sussex PO22 6QR2
£272.5K11/220.25 mi26, The Hartings, Bognor Regis, West Sussex PO22 6QF2
£273K07/230.25 mi1, The Hartings, Bognor Regis, West Sussex PO22 6QF2
£248.5K12/200.25 mi26, Flansham Park, Bognor Regis, West Sussex PO22 6QH2
£365K09/230.26 mi19, Findon Drive, Bognor Regis, West Sussex PO22 6QJ2
£306K11/230.26 mi45, Findon Drive, Bognor Regis, West Sussex PO22 6QJ2
£321K01/230.26 mi42, Findon Drive, Bognor Regis, West Sussex PO22 6QJ2
£340K07/230.27 mi10, Ashmere Lane, Bognor Regis, West Sussex PO22 7QT2
£285K11/200.3 mi11, Chesswood Avenue, Bognor Regis, West Sussex PO22 6AX2
£287.5K06/210.31 mi34, Hedgeway, Bognor Regis, West Sussex PO22 7QY2
£236K02/230.32 mi2, Uppark Way, Bognor Regis, West Sussex PO22 6QQ2
£298K02/240.32 mi1, Uppark Way, Bognor Regis, West Sussex PO22 6QQ2
£350K02/230.32 mi12, Homefield Avenue, Bognor Regis, West Sussex PO22 6AN2
£264K11/200.32 mi12, Homefield Avenue, Bognor Regis, West Sussex PO22 6AN2
£310.1K06/210.33 mi24, Courtlands Way, Bognor Regis, West Sussex PO22 6AW2
£385K09/230.34 mi27a, South Drive, Bognor Regis, West Sussex PO22 7PY2
£375K08/230.4 mi23, Alfriston Close, Bognor Regis, West Sussex PO22 6QB2
£320K05/210.4 mi5, Cunningham Gardens, Bognor Regis, West Sussex PO22 7QP2
£235K03/210.44 miFroxfield, Ancton Lane, Bognor Regis, West Sussex PO22 6NN2
£290K11/230.44 mi9, Andrew Avenue, Bognor Regis, West Sussex PO22 7QS2
£440K01/230.45 mi18, Andrew Avenue, Bognor Regis, West Sussex PO22 7QW2
£378K06/210.46 mi28, Lionel Avenue, Bognor Regis, West Sussex PO22 8LG2
£400K12/220.47 mi2, Shrubbs Drive, Bognor Regis, West Sussex PO22 7SQ2
£450K01/230.47 mi4, Shrubbs Drive, Bognor Regis, West Sussex PO22 7SQ2
£360K11/200.47 mi6, Icarus Way, Bognor Regis, West Sussex PO22 7QF2
£355K03/210.49 mi1, Ramillies Gardens, Bognor Regis, West Sussex PO22 7QH2
£289K03/240.49 mi53, Blackthorn Avenue, Felpham, Bognor Regis, West Sussex PO22 8GA2
£330.5K05/210.49 mi4, Defiance Place, Bognor Regis, West Sussex PO22 7QL2
£455K05/230.54 mi9, Shrubbs Drive, Bognor Regis, West Sussex PO22 7SW2
£320K08/230.57 mi30, Lucking Lane, Bognor Regis, West Sussex PO22 6HR2
£265K05/210.59 mi17, Lucking Lane, Bognor Regis, West Sussex PO22 6HP2
£300K02/240.6 mi11, Crossways, Bognor Regis, West Sussex PO22 6HW2
£290K11/230.6 mi16, Crossways, Bognor Regis, West Sussex PO22 6HW2

Local Rents

11 rents from £1.1K/mo to £1.3K/mo, average is £1.2K/mo.

RentDateDistanceAddressBeds 
£1,20007/240.08 miBaldwin Close, Bognor Regis2
£1,25008/240.11 miHenfield Way, Bognor Regis, PO222
£1,25008/240.12 miHenfield Way, Felpham, Bognor Regis, PO222
£1,22508/240.18 miMiddleton-On-Sea2
£1,25007/240.24 miSilver Birch Drive, Middleton On Sea, Bognor Regis, PO222
£1,20007/240.24 miSilver Birch Drive, Middleton On Sea, Bognor Regis, PO222
£1,15007/240.36 miFittleworth Drive, BOGNOR REGIS2
£1,20009/240.46 miSloe Gardens, Felpham2
£1,19507/240.5 miHarefield Gardens, Middleton on Sea2
£1,10007/240.53 miNorthwyke Close, Bognor Regis2
£1,10007/240.53 miNorthwyke Close, Bognor Regis2

Local Area Statistics

Population in PO22

28,866

Population in Bognor Regis

68,380

Town centre distance

2.16 miles away

Nearest school

0.30 miles away

Nearest train station

2.26 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+3%

Sales demand

Balanced market

Capital growth (5yrs)

+16%

Property History

Price changed to £249,500

December 4, 2024

Listed for £260,000

July 19, 2024

Sold for £158,500

2011

Sold for £73,000

2000

Sold for £60,000

1999

Sold for £56,000

1997

Sold for £47,600

1995

Floor Plans

Description

Is this the perfect property for that first step on the property ladder ? Or perhaps it might be an opportunity to invest in a property to let. Whatever your reasons to buy, this 2 BEDROOM MID TERRACE HOUSE might be for you. The property is located midway between the villages of Felpham and Middleton, allowing access to both sets of facilities. Complete with garden areas, other benefits include uPVC framed double glazing plus allocated parking space. So if you are thinking about buying your first home, why not telephone May's for an appointment to view.

Agent Details

May's, Felpham

020 3869 5882

Next Steps?

This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪