3 Bed Semi-Detached House, Refurb/BRRR, Chichester, PO20 0JP, £350,000

SANDHURST Western Road, Chichester, West Sussex, PO20 0JP - 4 views - 9 months ago

Refurb/BRRR
~96 m²
+10 photos

ValuationFair Value

Sold Prices£200K - £535K
Sold Prices/m²£2.5K/m² - £7.9K/m²

 

 

Square Metres

~95.97 m²
Price/m²£3.6K/m²

Value Estimate

£350,161

 

 

End Value (After Refurb)

£398,638

Uplift in Value

+14%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£87,500

Stamp Duty & Legal Fees

£16,700

Refurb Costs

£44,167

Bridging Loan Interest

£9,188

Total Cash In

£159,304

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£398,638

Mortgage (After Refinance)

£298,979

Mortgage LTV

75%

Cash Released

£36,479

Cash Left In

£122,826

Equity

£99,660

Rent Range

£750 - £2,250

Rent Estimate

£1,233

Running Costs/mo

£1,512

Cashflow/mo

£-279

Cashflow/yr

£-3,352

Gross Yield

4%

Local Sold Prices

50 sold prices from £200K to £535K, average is £354K. £2.5K/m² to £7.9K/m², average is £4K/m².

PriceDateDistanceAddressBeds 
£285K11/210.05 mi21, St Itha Road, Selsey, Chichester, West Sussex PO20 0AA3
£356.5K03/210.09 mi47, Sunnymead Drive, Selsey, Chichester, West Sussex PO20 0DG3
£425K05/210.09 mi1, Grove Road, Selsey, Chichester, West Sussex PO20 0AS3
£250K06/230.12 mi53, East Street, Selsey, Chichester, West Sussex PO20 0BN3
£240K08/210.13 mi53, Windsor Road, Selsey, Chichester, West Sussex PO20 0AU3
£475K02/230.15 mi9, Croft Road, Selsey, Chichester, West Sussex PO20 0RL3
£375K05/230.17 mi14, Sunnymead Drive, Selsey, Chichester, West Sussex PO20 0DF3
£372K12/200.17 mi20, Sunnymead Drive, Selsey, Chichester, West Sussex PO20 0DF3
£372K12/200.17 mi20, Sunnymead Drive, Selsey, Chichester, West Sussex PO20 0DF3
£245K06/210.18 mi36, North Road, Selsey, Chichester, West Sussex PO20 0BW3
£370K02/210.19 mi10, Green Lane, Selsey, Chichester, West Sussex PO20 0AQ3
£385K11/210.19 mi26, Lawrence Close, Selsey, Chichester, West Sussex PO20 0TN3
£400K06/210.19 mi16, Lawrence Close, Selsey, Chichester, West Sussex PO20 0TN3
£475K01/230.19 mi16, Lawrence Close, Selsey, Chichester, West Sussex PO20 0TN3
£327K02/230.21 miMaryland, The Bridleway, Selsey, Chichester, West Sussex PO20 0RJ3
£275K11/200.22 mi11, Sunnymead Close, Selsey, Chichester, West Sussex PO20 0DB3
£349K11/200.22 miCobham, Southern Road, Selsey, Chichester, West Sussex PO20 0BD3
£375K05/210.23 mi18, Albion Road, Selsey, Chichester, West Sussex PO20 0DH3
£369.5K12/200.23 mi48, James Street, Selsey, Chichester, West Sussex PO20 0JG3
£405K03/210.23 mi50, James Street, Selsey, Chichester, West Sussex PO20 0JG3
£365K04/210.23 mi30, James Street, Selsey, Chichester, West Sussex PO20 0JG3
£400K09/210.24 mi5, Langton Close, Selsey, Chichester, West Sussex PO20 0JZ3
£440K03/210.25 mi20, Meadowland, Selsey, Chichester, West Sussex PO20 0LA3
£316K03/210.25 mi12, Beacon Drive, Selsey, Chichester, West Sussex PO20 0TW3
£275K07/210.25 mi22, Hanover Close, Selsey, Chichester, West Sussex PO20 0DT3
£323.8K03/230.26 mi1, Lingfield Way, Selsey, Chichester, West Sussex PO20 0DX3
£390K05/230.27 mi2, Netherton Close, Selsey, Chichester, West Sussex PO20 0BP3
£500K11/200.27 mi18, Woodland Road, Selsey, Chichester, West Sussex PO20 0AL3
£335.9K03/210.28 mi87, Grafton Road, Selsey, Chichester, West Sussex PO20 0JB3
£366.2K08/230.28 mi58, Grafton Road, Selsey, Chichester, West Sussex PO20 0JB3
£353K02/230.28 mi9, Kilnwood Close, Selsey, Chichester, West Sussex PO20 0HQ3
£270K11/200.28 mi10, Kilnwood Close, Selsey, Chichester, West Sussex PO20 0HQ3
£535K08/230.31 mi17, Ursula Avenue, Selsey, Chichester, West Sussex PO20 0HT3
£285K03/210.32 mi11, Northfield, Selsey, Chichester, West Sussex PO20 0EA3
£325K06/210.32 mi11, Lifeboat Way, Selsey, Chichester, West Sussex PO20 0TX3
£297.5K12/200.32 mi20, Lifeboat Way, Selsey, Chichester, West Sussex PO20 0TX3
£325K04/210.32 mi21, Lifeboat Way, Selsey, Chichester, West Sussex PO20 0TX3
£375K09/210.32 mi4, Glyn House Close, Selsey, Chichester, West Sussex PO20 0QD3
£200K05/210.35 mi9, Robins Close, Selsey, Chichester, West Sussex PO20 0QX3
£350K11/220.36 mi6, Landseer Drive, Selsey, Chichester, West Sussex PO20 0EQ3
£310K12/220.37 mi10, Robins Close, Selsey, Chichester, West Sussex PO20 0QX3
£308K03/210.37 mi35, Gainsborough Drive, Selsey, Chichester, West Sussex PO20 0EL3
£347.5K02/210.37 mi54, Gainsborough Drive, Selsey, Chichester, West Sussex PO20 0EL3
£226.4K08/230.37 miSummerfield, Paddock Lane, Selsey, Chichester, West Sussex PO20 9AZ3
£270K06/210.42 mi30, Ruskin Close, Selsey, Chichester, West Sussex PO20 0TE3
£330K11/220.43 mi38, Church Road, Selsey, Chichester, West Sussex PO20 0LS3
£362.5K04/230.43 mi5, Canadian Crescent, Selsey, Chichester, West Sussex PO20 0UQ3
£358K03/230.44 mi42, Gainsborough Drive, Selsey, Chichester, West Sussex PO20 0EW3
£355K06/230.44 mi12, Gainsborough Drive, Selsey, Chichester, West Sussex PO20 0EW3
£450K06/210.45 mi11, Church Road, Selsey, Chichester, West Sussex PO20 0LR3

Local Rents

29 rents from £750/mo to £2.3K/mo, average is £1.3K/mo.

RentDateDistanceAddressBeds 
£89512/240.07 mi-2
£1,35007/240.11 miEast Street, Selsey, PO203
£1,65007/240.18 miNorth Road, Selsey, Chichester, PO204
£1,10006/240.18 miNorth Road, Selsey, Chichester2
£1,50006/240.19 miManor Road Selsey PO203
£1,80007/240.19 miManor Road Selsey PO204
£1,00006/240.19 miManor Road, PO201
£1,35007/240.25 miHanover Close Selsey PO203
£1,35007/240.25 miHanover Close, Selsey PO203
£1,35012/240.25 miHanover Close, Selsey PO203
£79506/240.26 mi-1
£97507/240.26 miVision House Lewis Road Selsey West Sussex2
£1,40006/240.28 miKingsway, Selsey, Chichester, PO203
£1,25006/240.31 mi2 bedroom Semi Detached Bungalow in Selsey2
£1,05007/240.4 miVincent Road, Selsey2
£1,50006/240.42 miWellington Gardens, Selsey4
£75006/240.43 miSeal Square, Selsey, Chichester, PO201
£90006/240.46 mi83 Hillfield Road, Selsey2
£99502/250.49 mi-2
£89506/240.49 mi-2
£95001/250.49 mi-2
£2,25006/240.51 miSelsey4
£1,59507/240.57 miBeach Road, Selsey, PO205
£1,35007/240.79 miTownsend Drive, Selsey, PO202
£80012/240.81 mi-2
£1,25006/240.87 miJodrell Place, Selsey, Chichester, PO202
£1,50006/240.95 miPark Lane, Selsey, Chichester3
£99007/242.34 miSelsey Road, Sidlesham, Chichester, PO201
£99007/242.34 miSesley Road, Sidlesham, Chichester, PO201

Local Area Statistics

Population in PO20

32,437

Population in Chichester

75,877

Town centre distance

7.39 miles away

Nearest school

0.20 miles away

Nearest train station

6.27 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+7%

Sales demand

Buyer's market

Capital growth (5yrs)

+14%

Property History

Listed for £350,000

August 8, 2024

Sold for £192,200

2007

Sold for £145,000

2002

Floor Plans

Description

  • Semi detached cottage +
  • Living and dining rooms +
  • Kitchen +
  • Sun room/utility room +
  • Ground floor bathroom +
  • Modernisation & updating required +
  • Generous garden +
  • Off road parking for 2 cars +

Nestled within a quiet residential setting, this semi-detached house presents an exceptional opportunity for those seeking their next home improvement project. As you step into this property, you are welcomed by an entrance hall which widens to create an area which could be utilised as a study space. Doors from the entrance hall provide access into the living room, dining room and ground flor bathroom.

The kitchen, accessed via the dining room, presents the perfect canvas for a modern update. Beyond the kitchen, a sun room/utility room offers a versatile space ideal for relaxation or practical use, ensuring there is room for all aspects of daily living on the ground floor. Making your way upstairs you'll find three bedrooms, providing private spaces for all members of the household.

Throughout the house, it is evident that modernisation and updating are required to bring out the full potential of this residence. For those with a vision and a desire to create their dream home, this property is a blank canvas waiting to be transformed.

The exterior of the property boasts a generous garden, offering ample space for outdoor activities, gardening endeavours, or simply relaxation in the fresh air. Furthermore, off-road parking for two cars ensures practicality and convenience for residents and visitors alike. Situated in an established neighbourhood whilst remaining in close proximity to local amenities, schools, and transport links.

EPC Rating: C Entrance Hall Doors to living room, dining room and bathroom Living room (3.39m x 3.95m) Max measurements into bay, log burner installed Dining room (2.6m x 3.38m) measurements exclude recesses, opening to: Kitchen (2.75m x 3.13m) Door to the garden and door to: Sun/utility room (2.22m x 3.87m) Ground floor bathroom (2.47m x 2.69m) Bath, w/c and wash hand basin Bedroom one (3.08m x 5.3m) Feature fireplace and build in cupboard Bedroom two (3.11m x 3.39m) max measurements Bedroom three (2.53m x 2.68m) Garden Paved seating area adjacent to the house with the remainder laid to lawn, mature flower borders, side access to the front. Parking - Driveway Laid to shingle and located at the front on the home

Agent Details

Henry Adams, Selsey

01243 973398

Next Steps?

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