4 Bed Detached House, Refurb/BRRR, Bognor Regis, PO21 2TA, £650,000

Victoria Drive, Bognor Regis, PO21 2TA - 7 months ago

Sold STC
Refurb/BRRR
~228 m²
+25 photos

ValuationFair Value











Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£162,500

Stamp Duty & Legal Fees

£53,700

Refurb Costs

£106,105

Bridging Loan Interest

£17,063

Total Cash In

£341,118

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£641,780

Mortgage (After Refinance)

£481,335

Mortgage LTV

75%

Cash Left In

£341,118

Equity

£160,445

Rent Range

£875 - £4,600

Rent Estimate

£1,715

Running Costs/mo

£2,369

Cashflow/mo

£-654

Cashflow/yr

£-7,843

Gross Yield

3%













Local Rents

46 rents from £875/mo to £4.6K/mo, average is £1.5K/mo.

RentDateDistanceAddressBeds 
£2,25007/240.15 miOckley Road, BOGNOR REGIS4
£1,99506/240.16 miDevonshire Road, Bognor Regis4
£1,60006/240.18 miHavelock Road Bognor Regis PO214
£2,22007/240.19 miSouthover Road, Bognor Regis, PO214
£87509/240.19 mi-9
£1,49512/240.2 mi-3
£1,30006/240.2 miGainsboro Road, Bognor Regis3
£1,06009/240.26 mi-3
£1,47506/240.26 miVictoria Drive, Bognor Regis, PO214
£2,00003/250.27 mi-3
£1,75006/240.28 miSpencer Street, BOGNOR REGIS3
£1,60007/240.28 miMarshall Avenue, Bognor Regis, PO213
£2,16712/240.28 mi-3
£1,30006/240.29 miDorset Road, Bognor Regis3
£2,12506/240.29 miCarlingford Court, Bognor Regis, PO213
£3,00002/250.31 mi-4
£1,65006/240.32 miCavendish Road, Bognor Regis4
£1,45007/240.33 miEssex Road, Bognor Regis, PO213
£1,25002/250.34 mi-3
£1,35006/240.35 mi-3
£1,40012/240.36 mi-3
£1,40012/240.36 mi-3
£1,20003/250.36 mi-3
£1,49507/240.37 miWilliam Street, Bognor Regis, PO214
£1,30002/250.38 mi-3
£1,35007/240.39 miGlamis Street, Bognor Regis, PO213
£1,25007/240.4 miWrenfield Place, Scott Close, Bognor Regis, PO213
£2,10006/240.43 miGlamis Street, BOGNOR REGIS5
£4,60007/240.43 miSomerset Gardens, BOGNOR REGIS7
£1,60007/240.44 miBognor4
£1,20006/240.44 miKyoto Court, Bognor Regis, West Sussex, PO213
£2,30007/240.45 miThe Steyne, Bognor Regis, West Sussex5
£1,45006/240.46 miShelley Road, PO213
£1,25006/240.46 miKyoto Court, Nyewood Lane, Bognor Regis, PO213
£1,50007/240.46 miNeville Road, Bognor Regis4
£1,40007/240.47 miWest Street, PO214
£1,45006/240.48 miWest Street Bognor Regis West Sussex4
£1,30007/240.5 miThe Paddock, South Bersted, PO223
£3,00002/250.51 mi-4
£1,25006/240.54 miPark Road, Bognor Regis, PO213
£1,70006/240.61 miHawthorn Road, Bognor Regis, PO214
£1,70012/240.61 mi-4
£2,50012/240.62 mi-4
£2,60003/250.62 mi-4
£1,30005/240.62 mi-3
£1,35003/250.62 mi-3

Local Area Statistics

Population in PO21

39,509

Population in Bognor Regis

68,380

Town centre distance

0.27 miles away

Nearest school

0.40 miles away

Nearest train station

0.21 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+28%

Sales demand

Balanced market

Capital growth (5yrs)

+19%

Property History

Price changed to £650,000

January 31, 2025

Listed for £700,000

August 21, 2024

Floor Plans

Description

  • Immaculately Presented Detached House +
  • Substantial Renovation Throughout with Second Storey Extension +
  • Four Double Bedrooms with Two En-Suite Shower Rooms +
  • Impressive Open Plan Kitchen / Dining / Family Room +
  • Separate Lounge and Additional Reception Room +
  • Contemporary Family Bathroom and Downstairs Cloakroom +
  • UPVC Double Glazing & Gas Fired Central Heating Throughout +
  • Sought After Location, Within Walking Distance to the Beach and Train Station +
  • Extensive Rear Garden and Paved Driveway for Multiple Vehicles +

No Chain Whitlocks Estate Agents are proud to present this beautifully refurbished and extensively renovated four-bedroom detached house that is the absolute epitome of modern living nestled in a sought-after location in Bognor Regis. Boasting a stunning second-storey extension, this home offers a blend of contemporary design and elegance, making it perfect for families seeking luxury and comfort. The expansive ground floor welcomes you with a spacious Kitchen/Diner/Family room that forms the heart of the home, ideal for both everyday living and entertaining. This space is fitted with brand-new integrated appliances, including two single ovens, a microwave, a coffee machine, an induction hob, a dishwasher, a tall fridge/freezer, and a Quooker tap. All the modern home comforts you need. Adjacent to this, you'll find a generous Lounge featuring original 1920s parquet floor and a brand-new, professionally installed cast iron log burner—perfect for those chilly evenings. A separate home Office provides a quiet space for work or study, while the Utility and Cloakroom add practicality to the ground floor layout. Engineered oak flooring runs throughout the rest of the ground floor, adding warmth and character. Upstairs, you'll find four generously sized double Bedrooms. The master is a true retreat, complete with an en-suite Shower Room and a spacious Dressing Room. The second Bedroom also benefits from an en-suite Shower Room, offering convenience and privacy for guests or family members. The remaining two bedrooms share a beautifully appointed family Bathroom, all of which are brand new and never used. Further benefits include UPVC Double Glazing and Gas Fired Central Heating throughout as well as being equipped with full fibre internet, ensuring lightning-fast connectivity. Outside, the property is equally impressive. The extensive rear Garden offers complete seclusion and is mainly laid to lawn, while the front Garden and Driveway is bordered by luxurious cedar slat fences and a boundary wall, offering both privacy and curb appeal. The front porch includes a power supply for a future EV charger, showcasing the home's forward-thinking design. The refurbishment has been carried out to the highest standards, including a new roof, exterior render, full rewire with a new consumer unit, and a complete replumb, including an upgraded cold main from the street. The smart heating thermostat adds a modern touch, allowing for efficient and easy control of the home's temperature. This exceptional property is a rare find, offering a blend of luxury, convenience, and modern technology, all wrapped up in a beautifully renovated package. Don't miss the opportunity to make this stunning house your new home.

EPC Rating: C

Agent Details

Whitlocks Estate Agents, Bognor Regis

01243 262747

Next Steps?

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

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