3 Bed Bungalow, Refurb/BRRR, Littlehampton, BN16 1EF, £410,000

2 Lavinia Way, East Preston, West Sussex BN16 1EF - 4 views - 9 months ago

Sold STC
Refurb/BRRR
~93 m²
+6 photos

ValuationOvervalued











Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£102,500

Stamp Duty & Legal Fees

£21,500

Refurb Costs

£43,745

Bridging Loan Interest

£10,763

Total Cash In

£180,258

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£462,343

Mortgage (After Refinance)

£346,757

Mortgage LTV

75%

Cash Released

£39,257

Cash Left In

£141,001

Equity

£115,586

Rent Range

£1,325 - £1,900

Rent Estimate

£1,647

Running Costs/mo

£1,794

Cashflow/mo

£-147

Cashflow/yr

£-1,767

Gross Yield

5%

Local Sold Prices

50 sold prices from £191K to £817.5K, average is £356K. £1.7K/m² to £7.8K/m², average is £4.1K/m².

PriceDateDistanceAddressBeds 
£580K03/230.07 mi79, North Lane, East Preston, Littlehampton, West Sussex BN16 1HD3
£770K01/230.08 mi1, Kerry Gardens, East Preston, Littlehampton, West Sussex BN16 1HQ3
£400K04/210.08 mi44, Lavinia Way, East Preston, Littlehampton, West Sussex BN16 1EF3
£455K01/210.09 mi31, Meadow Park, East Preston, Littlehampton, West Sussex BN16 1EG3
£585K05/210.13 mi74, North Lane, East Preston, Littlehampton, West Sussex BN16 1HE3
£330K06/210.13 mi110, North Lane, East Preston, Littlehampton, West Sussex BN16 1HE3
£370K04/210.14 mi10, Chiltern Close, East Preston, Littlehampton, West Sussex BN16 1RE3
£393K08/230.14 miSummerhaze, Chiltern Close, East Preston, Littlehampton, West Sussex BN16 1RE3
£485K08/210.17 mi23, Vermont Way, East Preston, Littlehampton, West Sussex BN16 1JX3
£510K09/230.17 mi5, Hillview Crescent, East Preston, Littlehampton, West Sussex BN16 1RD3
£350K10/200.17 mi17, Hillview Crescent, East Preston, Littlehampton, West Sussex BN16 1RD3
£275K03/210.17 mi16, Cotswold Way, East Preston, Littlehampton, West Sussex BN16 1EU3
£342.5K09/230.17 mi29, Cotswold Way, East Preston, Littlehampton, West Sussex BN16 1EU3
£540K08/210.19 mi1, The Framptons, East Preston, Littlehampton, West Sussex BN16 1BD3
£290K05/230.19 mi1, The Framptons, East Preston, Littlehampton, West Sussex BN16 1BD3
£570K06/210.19 mi111, North Lane, East Preston, Littlehampton, West Sussex BN16 1HB3
£522K11/200.19 mi113, North Lane, East Preston, Littlehampton, West Sussex BN16 1HB3
£325K03/230.2 mi29, Cheviot Close, East Preston, Littlehampton, West Sussex BN16 1EX3
£817.5K05/230.23 mi45, Golden Avenue, East Preston, Littlehampton, West Sussex BN16 1QX3
£750K08/230.24 mi17, Vermont Drive, East Preston, Littlehampton, West Sussex BN16 1LA3
£417.5K12/200.24 mi25, Vermont Drive, East Preston, Littlehampton, West Sussex BN16 1LA3
£670K11/230.24 mi11, Vermont Drive, East Preston, Littlehampton, West Sussex BN16 1LA3
£315K12/200.25 mi92, Roundstone Drive, East Preston, Littlehampton, West Sussex BN16 1ER3
£389K05/210.27 mi101, Roundstone Drive, East Preston, Littlehampton, West Sussex BN16 1EW3
£435K11/220.28 mi2, Kenhurst, East Preston, Littlehampton, West Sussex BN16 1LL3
£345K03/210.29 mi7, Russells Close, East Preston, Littlehampton, West Sussex BN16 1BP3
£300K05/210.29 mi9, North Lane, East Preston, Littlehampton, West Sussex BN16 1BN3
£260K06/210.3 mi35, Roundstone Crescent, East Preston, Littlehampton, West Sussex BN16 1DG3
£595K06/210.3 mi17, Homelands Avenue, East Preston, Littlehampton, West Sussex BN16 1PS3
£695K06/210.3 mi22, Homelands Avenue, East Preston, Littlehampton, West Sussex BN16 1PS3
£270K01/210.31 mi18, Eastern Close, East Preston, Littlehampton, West Sussex BN16 1BS3
£362K02/210.31 mi5, Eastern Close, East Preston, Littlehampton, West Sussex BN16 1BS3
£315K03/210.31 mi13, The Street, East Preston, Littlehampton, West Sussex BN16 1JL3
£315K12/200.32 mi51, Somerset Road, East Preston, Littlehampton, West Sussex BN16 1BY3
£550K08/230.35 mi12a, Nursery Close, East Preston, Littlehampton, West Sussex BN16 1QD3
£347.5K01/210.38 mi79, Worthing Road, East Preston, Littlehampton, West Sussex BN16 1DE3
£325K02/210.38 mi3, Limetree Close, East Preston, Littlehampton, West Sussex BN16 1JA3
£191K11/220.38 mi35, Manor Road, East Preston, Littlehampton, West Sussex BN16 1QA3
£340.5K01/210.39 mi49, Russells Close, East Preston, Littlehampton, West Sussex BN16 1BT3
£345K03/210.39 mi33, Russells Close, East Preston, Littlehampton, West Sussex BN16 1BT3
£430K04/210.39 mi8, Clarence Drive, East Preston, Littlehampton, West Sussex BN16 1EH3
£435K01/230.4 mi20, Old Worthing Road, East Preston, Littlehampton, West Sussex BN16 1DZ3
£310K07/210.41 mi28, Saxon Close, East Preston, Littlehampton, West Sussex BN16 1DX3
£315K09/230.41 mi44, Saxon Close, East Preston, Littlehampton, West Sussex BN16 1DX3
£297.5K05/210.41 mi4, Arlington Crescent, East Preston, Littlehampton, West Sussex BN16 1DL3
£370K02/210.42 mi63, Old Worthing Road, East Preston, Littlehampton, West Sussex BN16 1EA3
£285K02/230.42 mi51, Downs Way, East Preston, Littlehampton, West Sussex BN16 1AD3
£272K11/200.42 mi71, Downs Way, East Preston, Littlehampton, West Sussex BN16 1AD3
£275K06/230.42 mi47, Downs Way, East Preston, Littlehampton, West Sussex BN16 1AD3
£318K12/220.43 mi1, Hailsham Close, East Preston, Littlehampton, West Sussex BN16 1DW3

Local Rents

18 rents from £1.3K/mo to £1.9K/mo, average is £1.6K/mo.

RentDateDistanceAddressBeds 
£1,80012/240.17 miBeechlands Close, East Preston, Littlehampton, West Sussex, BN163
£1,45012/240.37 miLimetree Close, East Preston, West Sussex, BN163
£1,55012/240.38 miManor Road, East Preston, Littlehampton, West Sussex3
£1,35004/230.39 mi-3
£1,55012/240.4 miOld Worthing Road, East Preston, West Sussex3
£1,55012/240.72 miPaddock Green, Rustington3
£1,32512/240.76 miSheepfold Avenue, Rustington, BN163
£1,45009/240.79 mi-3
£1,60004/240.81 mi-3
£1,60012/240.81 miRustington, Rustington, BN163
£1,47012/240.88 miRoman Avenue, Angmering, West Sussex3
£1,70012/240.92 miFoxdale Drive Angmering BN163
£1,80012/241 mi-3
£1,80012/241 mi-3
£1,90012/241.24 miAngmering Village, Angmering, West Sussex, BN163
£1,90012/241.24 miAngmering Village, Angmering, West Sussex, BN163
£1,90012/241.24 miAngmering Village, Angmering, West Sussex, BN163
£1,90012/241.24 miAngmering Village, Angmering, West Sussex, BN163

Property History

Listed for £410,000

July 31, 2024

Sold for £292,950

2007

Floor Plans

Description

  • Extended Detached Bungalow +
  • NO ONWARD CHAIN +
  • Two/Three Bedrooms - One/Two Reception Rooms +
  • Kitchen +
  • Bathroom/WC +
  • Gas Central Heating & Double Glazing +
  • West Facing Rear Garden +
  • Garage & Off-Road Parking +
  • Generous Corner Plot Location +
  • EER: D +

Occupying a generous corner plot is this extended detached bungalow, which is now offered for sale with the notable benefit of NO ONWARD CHAIN.

Whilst a degree of modernisation and refurbishment is required, the versatility of the accommodation is an attractive feature, boasting the potential to be arranged with three good size bedrooms or two separate receptions. There is also a sizeable kitchen and a bathroom/WC.

Externally, the property benefits from a westerly facing rear garden, an open plan front garden, and an adjacent garage atop a driveway enabling off-road parking.

Additional benefits include an 'L' shaped entrance hall, gas central heating, double glazing, and loft storage space.

Lavinia Way is pleasantly situated within 0.5 mile of the village centre and numerous local amenities including both junior and infant schools, library and village hall. Furthermore, the seafront and Angmering mainline railway station can be found within an approximate 1 mile radius, and the renowned 700 bus service operates within just a few metres of the property.

East Preston is centrally situated on the West Sussex Coast almost midway between the cities of Chichester and Brighton, and just south of the A259, which provides a link to the larger neighbouring towns of Bognor Regis and Worthing.

Lounge/Dining Room - 7.43 (max) x 3.35 (max) (24'4" (max) x 10'11" (max -

Kitchen - 3.77 x 2.18 (12'4" x 7'1") -

Bedroom One - 5.68 x 3.79 (18'7" x 12'5") -

Bedroom Two - 3.77 x 3.58 (12'4" x 11'8") -

Bedroom Three - 3.95 x 2.68 (12'11" x 8'9") -

Bathroom - 2.67 x 167 (8'9" x 547'10") -

Garage - 5.65 x 2.58 (18'6" x 8'5") -

Agent Details

Glyn-Jones & Co, Rustington

01903 497288

Next Steps?

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