4 Bed Terraced House, Single Let, Bognor Regis, PO22 6RY, £290,000

Moraunt Drive, Bognor Regis, West Sussex, PO22 6RY - 7 months ago

BTL
ROI: 3%
~129 m²
+2 photos

ValuationUndervalued











Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£72,500

Stamp Duty & Legal Fees

£17,700

Total Cash In

£90,200

 

 

Cash Out

 

Rent Range

£1,300 - £3,250

Rent Estimate

£1,450

Running Costs/mo

£1,216

Cashflow/mo

£234

Cashflow/yr

£2,805

ROI

3%

Gross Yield

6%













Local Rents

19 rents from £1.3K/mo to £3.3K/mo, average is £1.7K/mo.

RentDateDistanceAddressBeds 
£1,55001/250.19 mi-3
£1,59507/240.22 miJuniper Close, Middleton-On-Sea3
£1,30007/240.3 miFindon Drive, PO223
£1,80006/240.55 miNorthwyke Road, BOGNOR REGIS3
£2,99508/240.58 miCrossbush Road, Felpham, Bognor Regis, PO224
£1,70007/240.58 miThistle Copse Felpham PO223
£1,85006/240.61 miBlackthorn Avenue, Felpham4
£1,89506/240.66 miAncton Close, Elmer, Bognor Regis, PO223
£1,45007/240.68 miBlackberry Copse, Felpham3
£1,60009/240.82 miOuterwyke Road, Bognor Regis3
£1,40006/240.84 miHaywards Close, Bognor Regis, PO223
£1,55007/240.93 miBay Bridge Crescent, St Marys Close, PO223
£2,75008/240.97 miElmer Road, Elmer4
£2,50006/240.98 miThe Beach House5
£1,45009/241.02 miGlynde Crescent, Felpham3
£1,82507/241.1 miThe Grove, Felpham3
£1,45007/241.12 miPoulner Close, Felpham3
£3,00008/241.13 miDownview Road Felpham PO224
£3,25006/241.23 miAncton Way, Bognor Regis4

Local Area Statistics

Population in PO22

28,866

Population in Bognor Regis

68,380

Town centre distance

2.21 miles away

Nearest school

0.40 miles away

Nearest train station

2.31 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+3%

Sales demand

Balanced market

Capital growth (5yrs)

+16%

Property History

Price changed to £290,000

February 20, 2025

Listed for £300,000

August 19, 2024

Floor Plans

Description

  • Awaiting EPC . C.Tax Band c +

  • Four Bedrooms +

  • Living Room +

  • Kitchen/Breakfast Room +

  • Family Bathroom +

  • Garage & Carport +

  • Enclosed Garden +

  • Felpham Location +

Four Bedrooms - Living Room - Kitchen/Diner - Family Bathroom/WC - Cloakroom - Enclosed Garden - Garage & Carport - Popular Felpham Location

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.

QBO240200/2

Agent Details

Your Move, Bognor Regis

020 3879 5708

Next Steps?

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