2 Bed Flat, Single Let, Bognor Regis, PO21 2AS, £175,000

Linden Road, Bognor Regis, West Sussex, PO21 2AS - 7 months ago

Sold STC
Leasehold
BTL
ROI: 4%
~71 m²
+4 photos

ValuationUndervalued











Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£43,750

Stamp Duty & Legal Fees

£6,450

Total Cash In

£50,200

 

 

Cash Out

 

Rent Range

£850 - £2,500

Rent Estimate

£932

Running Costs/mo

£753

Cashflow/mo

£179

Cashflow/yr

£2,148

ROI

4%

Gross Yield

6%













Local Rents

51 rents from £850/mo to £2.5K/mo, average is £1.1K/mo.

RentDateDistanceAddressBeds 
£1,25007/240.1 miVictoria Drive, Bognor Regis, West Sussex, PO212
£95007/240.1 miBurnham Avenue, Bognor Regis, PO212
£92502/250.1 mi-2
£1,00006/240.12 miBurnham Avenue, BOGNOR REGIS2
£87506/240.12 mi-2
£89502/250.12 mi-2
£89507/240.12 miLinden Road, Bognor Regis, PO212
£85006/240.13 mi-2
£97507/240.13 miLongford Road, BOGNOR REGIS2
£1,05007/240.15 miLongford Road, Bognor Regis, West Sussex, PO212
£1,05007/240.17 miCanada Grove, Bognor Regis, PO212
£97506/240.19 miRegis House, Richmond Road, Bognor Regis, PO212
£99506/240.19 miOakwood Court, Victoria Drive, Bognor Regis, PO212
£1,15006/240.21 miMerchant Street, Bognor Regis2
£1,15007/240.23 mi-2
£1,15007/240.23 mi-2
£99512/240.23 mi-2
£1,00002/250.23 mi-2
£1,00007/240.23 miHills Court, Bognor Regis, PO212
£1,30007/240.25 miBognor Regis2
£97502/250.26 mi-2
£99506/240.27 miCarlingford Court, Bognor Regis2
£1,10006/240.27 miCarlingford Court2
£1,10002/250.27 mi-2
£92507/240.28 miFitzleet House Queensway BOGNOR REGIS West Sussex2
£97507/240.28 miFitzleet House Queensway BOGNOR REGIS West Sussex2
£1,05007/240.29 miEssex Road, BOGNOR REGIS2
£1,20006/240.3 miSteyne Street, Bognor Regis, West Sussex, PO212
£1,15006/240.32 miEssex Road, Bognor Regis, PO212
£1,20006/240.33 miLyon Street, Bognor Regis2
£1,10006/240.33 miHenry Street, Bognor Regis, PO212
£95001/250.33 mi-2
£94506/240.34 miCavendish Road, Bognor Regis2
£1,02502/250.36 mi-2
£99506/240.37 miGlamis Street, Bognor Regis, PO212
£1,25002/250.37 mi-2
£1,20007/240.38 miSudley Road, Bognor Regis, West Sussex, PO212
£1,10007/240.39 miWest Street, Bognor Regis, West Sussex2
£1,10006/240.39 miLondon Road, Bognor Regis2
£1,40006/240.39 miParkside, Upper Bognor Road, Bognor Regis, PO212
£1,10007/240.41 miThe Steyne, PO212
£1,05006/240.43 miNorfolk Square, Bognor Regis2
£1,20006/240.43 miGrafton, Norfolk Square, Bognor Regis, PO212
£95007/240.43 miManor Place, Bognor Regis2
£2,50011/240.44 mi-2
£1,17012/240.44 mi-2
£1,27507/240.44 miHigh Street, Bognor Regis2
£1,25006/240.45 miBelmont Street, Bognor Regis, PO21 1JW2
£1,45006/240.46 miThe Esplanade Bognor Regis PO212
£1,15006/240.47 mi-2
£1,19506/240.47 miSudley Gardens, Bognor Regis2

Local Area Statistics

Population in PO21

39,509

Population in Bognor Regis

68,380

Town centre distance

0.22 miles away

Nearest school

0.30 miles away

Nearest train station

0.15 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+28%

Sales demand

Balanced market

Capital growth (5yrs)

+19%

Property History

Listed for £175,000

August 13, 2024

Sold for £165,000

2019

Sold for £85,000

2002

Sold for £47,500

1999

Floor Plans

Description

  • EPC C . C.Tax B +

  • Ground Floor Apartment +

  • Two Bedrooms +

  • Lounge/Diner +

  • Kitchen +

  • Shower Room +

  • Car Port +

  • Balcony Area +

  • Communal Gardens +

Ground Floor Apartment - Two Double Bedrooms - Large Lounge/Diner - Fitted Kitchen - Shower Room - Car Port - Balcony - Communal Gardens - Close To The Town - Ideal Investment / FTB

IMPORTANT NOTE TO POTENTIAL PURCHASERS & TENANTS:
We endeavour to make our particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact. The services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. All photographs and measurements have been taken as a guide only and are not precise. Floor plans where included are not to scale and accuracy is not guaranteed. If you require clarification or further information on any points, please contact us, especially if you are traveling some distance to view. POTENTIAL PURCHASERS: Fixtures and fittings other than those mentioned are to be agreed with the seller. POTENTIAL TENANTS: All properties are available for a minimum length of time, with the exception of short term accommodation. Please contact the branch for details. A security deposit of at least one month’s rent is required. Rent is to be paid one month in advance. It is the tenant’s responsibility to insure any personal possessions. Payment of all utilities including water rates or metered supply and Council Tax is the responsibility of the tenant in most cases.

QBO240271/2

Agent Details

Your Move, Bognor Regis

020 3879 5708

Next Steps?

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