3 Bed Semi-Detached House, Refurb/BRRR, Chichester, PO19 5TZ, £375,000

Little Breach, Chichester, West Sussex, PO19 5TZ - 6 views - 9 months ago

Refurb/BRRR
~93 m²
+10 photos

ValuationUndervalued

Sold Prices£318K - £915K
Sold Prices/m²£3.4K/m² - £7.5K/m²

 

 

Square Metres

~93 m²
Price/m²£4K/m²

Value Estimate

£386,250
BMV3%

 

 

End Value (After Refurb)

£396,966

Uplift in Value

+6%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£93,750

Stamp Duty & Legal Fees

£18,700

Refurb Costs

£43,147

Bridging Loan Interest

£9,844

Total Cash In

£167,191

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£396,966

Mortgage (After Refinance)

£297,724

Mortgage LTV

75%

Cash Released

£16,474

Cash Left In

£150,717

Equity

£99,241

Rent Range

£1,275 - £3,950

Rent Estimate

£1,593

Running Costs/mo

£1,579

Cashflow/mo

£14

Cashflow/yr

£167

ROI

0%

Gross Yield

5%

Local Sold Prices

50 sold prices from £318K to £915K, average is £445K. £3.4K/m² to £7.5K/m², average is £4.7K/m².

PriceDateDistanceAddressBeds 
£365K10/210 mi69, Little Breach, Chichester, West Sussex PO19 5TZ3
£395K09/230 mi86, Little Breach, Chichester, West Sussex PO19 5TZ3
£343K06/210.01 mi74, Little Breach, Chichester, West Sussex PO19 5TZ3
£539.7K01/230.05 mi52, Broyle Road, Chichester, West Sussex PO19 6BA3
£345K05/210.06 mi35, Little Breach, Chichester, West Sussex PO19 5TY3
£360K03/210.06 mi46, Little Breach, Chichester, West Sussex PO19 5TY3
£362K08/210.07 mi34, Little Breach, Chichester, West Sussex PO19 5TY3
£408K11/220.07 mi47, Little Breach, Chichester, West Sussex PO19 5TY3
£318K05/240.07 mi38, Little Breach, Chichester, West Sussex PO19 5TY3
£680K01/210.09 mi32a, Broyle Road, Chichester, West Sussex PO19 6BA3
£510K11/200.09 mi34, Broyle Road, Chichester, West Sussex PO19 6BA3
£445K12/220.12 mi54, Little Breach, Chichester, West Sussex PO19 5TY3
£387.5K10/230.12 mi169, Little Breach, Chichester, West Sussex PO19 5UA3
£351.5K11/200.12 mi164, Little Breach, Chichester, West Sussex PO19 5UA3
£370K10/210.15 mi7, Little Breach, Chichester, West Sussex PO19 5TX3
£330.5K05/230.15 mi1, Little Breach, Chichester, West Sussex PO19 5TX3
£529K11/200.16 mi85, Broyle Road, Chichester, West Sussex PO19 6BE3
£467K04/210.16 mi84, Norwich Road, Chichester, West Sussex PO19 5DG3
£500K08/230.16 mi86, Norwich Road, Chichester, West Sussex PO19 5DG3
£338.5K06/210.19 mi2, Broyle Close, Chichester, West Sussex PO19 6BG3
£534K01/240.21 mi24, Norwich Road, Chichester, West Sussex PO19 5DF3
£320K06/210.22 mi6, Broyle Close, Chichester, West Sussex PO19 6BG3
£370K06/210.23 mi83, Woodlands Lane, Chichester, West Sussex PO19 5PF3
£355K12/200.23 mi61, Woodlands Lane, Chichester, West Sussex PO19 5PF3
£745K03/210.25 mi2, King George Gardens, Chichester, West Sussex PO19 6LB3
£552.5K11/220.25 mi16, King George Gardens, Chichester, West Sussex PO19 6LB3
£470K02/240.25 mi49, King George Gardens, Chichester, West Sussex PO19 6LB3
£915K04/230.25 mi1, King George Gardens, Chichester, West Sussex PO19 6LB3
£450K02/210.25 mi37, King George Gardens, Chichester, West Sussex PO19 6LB3
£500K04/240.25 mi46, King George Gardens, Chichester, West Sussex PO19 6LB3
£550K03/210.25 mi2, Canterbury Close, Chichester, West Sussex PO19 5DD3
£485K11/200.26 mi25, Worcester Road, Chichester, West Sussex PO19 5DW3
£495K09/230.27 mi1, Wells Crescent, Chichester, West Sussex PO19 5EU3
£525K04/210.3 mi122, Worcester Road, Chichester, West Sussex PO19 5EE3
£455K12/220.31 mi85, St Pauls Road, Chichester, West Sussex PO19 3DD3
£420K11/200.31 mi1, Hereford Close, Chichester, West Sussex PO19 5DT3
£361.5K07/230.32 mi23, Somerstown, Chichester, West Sussex PO19 6AG3
£462.5K11/200.33 mi12, Exeter Road, Chichester, West Sussex PO19 5EF3
£528K09/210.33 mi14, Exeter Road, Chichester, West Sussex PO19 5EF3
£445K09/210.34 mi28, Summersdale Road, Chichester, West Sussex PO19 6PL3
£405K02/210.34 mi6, Summersdale Road, Chichester, West Sussex PO19 6PL3
£353.8K04/210.35 mi128, Parklands Road, Chichester, West Sussex PO19 3EB3
£385K12/220.35 mi30, Duncan Road, Chichester, West Sussex PO19 3NG3
£470K06/210.35 mi73, Worcester Road, Chichester, West Sussex PO19 5EB3
£545K01/210.35 mi70, Worcester Road, Chichester, West Sussex PO19 5EB3
£390K11/220.36 mi29, Cavendish Street, Chichester, West Sussex PO19 3BS3
£400K03/230.36 mi30, Cavendish Street, Chichester, West Sussex PO19 3BS3
£530K03/240.37 mi94, Parklands Road, Chichester, West Sussex PO19 3EB3
£425K09/230.37 mi118, Parklands Road, Chichester, West Sussex PO19 3EB3
£448.5K04/210.38 mi11, Washington Street, Chichester, West Sussex PO19 3BN3

Local Rents

35 rents from £1.3K/mo to £4K/mo, average is £1.5K/mo.

RentDateDistanceAddressBeds 
£1,35006/240.02 miLittle Breach, Chichester3
£1,35007/240.06 miLittle Breach, Chichester3
£1,49506/240.15 mi-3
£1,49508/240.15 mi-3
£1,45008/240.22 miKing George Gardens, Chichester3
£1,35011/240.28 mi-3
£1,60007/240.3 miBroyle Road, Chichester3
£1,27506/240.31 miBroyle Road, Chichester3
£1,50007/240.32 miSomerstown, Chichester3
£1,45007/240.32 miSomerstown, Chichester, West Sussex3
£1,50007/240.32 miSomerstown, Chichester3
£1,60006/240.34 miJoseph Lancaster Lane Keepers Green PO193
£1,40006/240.36 miCavendish Street, Chichester3
£1,65007/240.36 miCavendish Street, Chichester3
£1,40007/240.36 miCavendish Street, Chichester3
£1,70007/240.38 miCentral Chichester3
£1,65006/240.38 miKing William Close3
£1,45007/240.39 miLloyd Road, Chichester3
£1,50007/240.45 miOak Avenue, Chichester3
£1,45008/240.45 miOak Avenue, Chichester PO193
£1,85007/240.47 miFranklin Place Chichester PO193
£1,59510/240.48 mi-3
£1,59509/240.48 miLloyd Road, Chichester, PO193
£1,40007/240.49 miWinterbourne Road, Chichester3
£1,45006/240.49 miBishopsgate Walk, Chichester3
£1,45007/240.5 miLloyd Road, Chichester3
£1,57506/240.52 miGobey Drive, West Broyle3
£1,45007/240.52 miOrchard Street Chichester PO193
£1,50006/240.53 miSpitalfield Lane Chichester West Sussex PO19 6SG3
£1,70007/240.56 miNorth Mead Chichester PO193
£1,45008/240.57 miSt Peters, Chichester3
£1,67507/240.6 miBaxendale Road, Chichester PO193
£1,50008/240.61 miPalmers Field Avenue, Chichester, West Sussex, PO193
£1,75007/240.61 miHackett Way, Chichester3
£3,95006/240.61 miLavant Road, Chichester, PO193

Local Area Statistics

Population in PO19

30,184

Population in Chichester

75,877

Town centre distance

0.70 miles away

Nearest school

0.10 miles away

Nearest train station

1.03 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+44%

Sales demand

Balanced market

Capital growth (5yrs)

+11%

Property History

Listed for £375,000

July 19, 2024

Description

  • Semi-Detached House +
  • Three Bedrooms +
  • 17ft Living Room +
  • Spacious Kitchen +
  • Sun Room +
  • Bathroom & WC +
  • Garden +
  • Garage +
  • Walking Distance to Centre of Chichester +
  • Chain Free +

This three-bedroom semi-detached house is ideally located in a quiet residential area within walking distance of the centre of historic Chichester. You enter the house into a useful porch, with the hallway leading into a large 17ft living room. The kitchen is equally spacious with a walk-in larder and ample space for a dining table and chairs. A sun room, which is currently being used as a home office, leads into the garden, which together with a WC completes the ground floor accommodation.

Three bedrooms can be found to the first floor, two of which are doubles and benefit from large, fitted wardrobes. The family bathroom features a corner bath and there are two useful storage cupboards on the landing. The property would benefit from some modernisation.

Externally the low maintenance garden has rear access leading to a garage and there is a driveway with off road parking for two cars to the front of the property.

The cathedral city of Chichester provides a wide variety of cultural, leisure and shopping facilities, including the internationally renowned Festival Theatre, Pallant House Gallery and museums. The South Downs National Park can be found to the north of Chichester and provides miles of beautiful walks and rides as well as the Goodwood Estate.

Some of the best beaches on the south coast are situated just 20 minutes south of the city. Chichester benefits from a mainline rail service to London Victoria (approximately 90 minutes) and the A27 provides access across the Coast to Brighton to the East and Southampton to the West.

Agents Note: Upon acceptance of an offer, White & Brooks will complete an online identity check provided by Veriphy. The cost of this check to the successful purchaser is £49 including VAT per purchase which will be payable in advance to White & Brooks Ltd. This charge verifies your identity in line with our obligations as requested by HMRC and documents to prove your identity and address will be required.

This three-bedroom semi-detached house is ideally located in a quiet residential area within walking distance of the centre of historic Chichester. You enter the house into a useful porch, with the hallway leading into a large 17ft living room. The kitchen is equally spacious with a walk-in larder and ample space for a dining table and chairs. A sun room, which is currently being used as a home office, leads into the garden, which together with a WC completes the ground floor accommodation.

Three bedrooms can be found to the first floor, two of which are doubles and benefit from large, fitted wardrobes. The family bathroom features a corner bath and there are two useful storage cupboards on the landing. The property would benefit from some modernisation.

Externally the low maintenance garden has rear access leading to a garage and there is a driveway with off road parking for two cars to the front of the property.

The cathedral city of Chichester provides a wide variety of cultural, leisure and shopping facilities, including the internationally renowned Festival Theatre, Pallant House Gallery and museums. The South Downs National Park can be found to the north of Chichester and provides miles of beautiful walks and rides as well as the Goodwood Estate.

Some of the best beaches on the south coast are situated just 20 minutes south of the city. Chichester benefits from a mainline rail service to London Victoria (approximately 90 minutes) and the A27 provides access across the Coast to Brighton to the East and Southampton to the West.

Agent Details

White & Brooks, Chichester

01243 973413

Next Steps?

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