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.
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
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