3 Bed Flat, Single Let, Bognor Regis, PO22 7SS, £299,950

6 Greenfields, Middleton On Sea, Bognor Regis, PO22 7SS - 7 months ago

Sold STC
Leasehold
BTL
ROI: 2%
~90 m²
+9 photos

ValuationOvervalued

Sold Prices£148K - £563K
Sold Prices/m²£1.8K/m² - £4.7K/m²

 

 

Square Metres

~90.39 m²
Price/m²£3.3K/m²

Value Estimate

£257,691

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£74,988

Stamp Duty & Legal Fees

£12,696

Total Cash In

£87,684

 

 

Cash Out

 

Rent Range

£1,300 - £2,750

Rent Estimate

£1,413

Running Costs/mo

£1,240

Cashflow/mo

£173

Cashflow/yr

£2,076

ROI

2%

Gross Yield

6%

Local Sold Prices

16 sold prices from £148K to £563K, average is £254K. £1.8K/m² to £4.7K/m², average is £2.8K/m².

PriceDateDistanceAddressBeds 
£310K06/230.02 mi15, Greenfields, Bognor Regis, West Sussex PO22 7SS3
£310K07/210.02 mi12, Greenfields, Bognor Regis, West Sussex PO22 7SS3
£347K03/210.02 mi4, Greenfields, Bognor Regis, West Sussex PO22 7SS3
£280K11/200.2 mi5, Harefield Gardens, Bognor Regis, West Sussex PO22 6EQ3
£340K03/210.81 mi47, Roundle Avenue, Bognor Regis, West Sussex PO22 8LJ3
£563K12/201.1 mi9, Overdown Road, Bognor Regis, West Sussex PO22 7HW3
£230K10/201.44 miFlat 3, Turret House, Limmer Lane, Bognor Regis, West Sussex PO22 7EN3
£148K12/232.21 mi1, Sudley Gardens, Bognor Regis, West Sussex PO21 1HY3
£278K05/242.26 miSabey Court, Flat 7, Albert Road, Bognor Regis, West Sussex PO21 1LU3
£230K06/212.29 mi142b, Orchard Way, Bognor Regis, West Sussex PO22 9JX3
£210K11/232.36 mi124b, Orchard Way, Bognor Regis, West Sussex PO22 9JU3
£218K04/212.36 mi128a, Orchard Way, Bognor Regis, West Sussex PO22 9JU3
£200K07/212.74 mi5, Durlston Drive, Bognor Regis, West Sussex PO22 9DH3
£385K09/232.9 mi8, Rock Gardens, Bognor Regis, West Sussex PO21 2LE3
£195K06/212.92 mi36, Hedge End, Barnham, Bognor Regis, West Sussex PO22 0JP3
£210K06/232.92 mi36, Hedge End, Barnham, Bognor Regis, West Sussex PO22 0JP3

Local Rents

11 rents from £1.3K/mo to £2.8K/mo, average is £1.6K/mo.

RentDateDistanceAddressBeds 
£1,59507/240.2 miJuniper Close, Middleton-On-Sea3
£1,89506/240.42 miAncton Close, Elmer, Bognor Regis, PO223
£1,55001/250.49 mi-3
£1,30007/240.58 miFindon Drive, PO223
£1,80006/240.8 miNorthwyke Road, BOGNOR REGIS3
£1,70007/240.87 miThistle Copse Felpham PO223
£1,45007/240.97 miBlackberry Copse, Felpham3
£2,75006/240.97 mi7 Sea Way, Elmer, Bognor Regis, PO22 6JX3
£1,40006/241.07 miHaywards Close, Bognor Regis, PO223
£1,60009/241.07 miOuterwyke Road, Bognor Regis3
£1,55007/241.23 miBay Bridge Crescent, St Marys Close, PO223

Local Area Statistics

Population in PO22

28,866

Population in Bognor Regis

68,380

Town centre distance

2.43 miles away

Nearest school

0.60 miles away

Nearest train station

2.52 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+3%

Sales demand

Balanced market

Capital growth (5yrs)

+16%

Property History

Listed for £299,950

August 20, 2024

Sold for £225,000

2009

Sold for £250,000

2006

Sold for £205,000

2002

Sold for £165,000

2001

Floor Plans

Description

  • Purpose Built Apartment +
  • 973 Sqft of Accommodation +
  • Sought-After Development +
  • No Forward Chain +
  • Ground Floor +
  • 3 Bedrooms +
  • En-Suite Shower & Bathroom +
  • 2 Southerly Patio Areas +
  • Allocated & Visitor Parking +
  • Central Village Location +

Situated within the heart of Middleton-on-Sea is this sought-after ground floor, three bedroom apartment. Forming part of the popular Berkeley Homes development which was built circa 2001, the property is now offered for sale with the added advantage of no onward chain. The accommodation measures a generous 973 sqft and briefly comprises: spacious sitting room which enjoys a southerly aspect with French doors leading out to the patio area and communal gardens beyond. The rest of the apartment includes a kitchen/breakfast room, principal double bedroom with en-suite shower room and doors leading out to the covered patio area and communal gardens, a further two bedrooms, one of which is a double room, and finally the main bathroom. The apartment has ample storage space in the bedrooms and in the generous hallway. Outside, the property is set in pretty communal gardens. This property benefits from an allocated parking space and plenty of visitor parking near to the entrance to the site. Tenure: We understand there is a 999 year lease from 2000. Maintenance Charge: We understand the maintenance charge is approximately £3,040 p.a. Ground Rent: Peppercorn.

EPC Rating: C

Agent Details

Henry Adams, Middleton-On-Sea

01243 973056

Next Steps?

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