3 Bed Detached House, Single Let, Bognor Regis, PO21 2RS, £480,000

Sylvan Way, Bognor Regis, West Sussex, PO21 2RS - 7 months ago

BTL
~93 m²
+12 photos

ValuationOvervalued

Sold Prices£216.5K - £600K
Sold Prices/m²£2.2K/m² - £6K/m²

 

 

Square Metres

~93 m²
Price/m²£5.2K/m²

Value Estimate

£304,575

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£120,000

Stamp Duty & Legal Fees

£27,100

Total Cash In

£147,100

 

 

Cash Out

 

Rent Range

£1,060 - £2,525

Rent Estimate

£1,250

Running Costs/mo

£1,770

Cashflow/mo

£-520

Cashflow/yr

£-6,240

Gross Yield

3%

Local Sold Prices

50 sold prices from £216.5K to £600K, average is £317.5K. £2.2K/m² to £6K/m², average is £3.3K/m².

PriceDateDistanceAddressBeds 
£312.5K09/210.04 miCorlinson Cottage, 65, Nyewood Lane, Bognor Regis, West Sussex PO21 2SD3
£355K06/210.07 mi21, Kyoto Court, Bognor Regis, West Sussex PO21 2UJ3
£280K10/230.12 mi18, Hambledon Place, Bognor Regis, West Sussex PO21 2NE3
£320K05/210.13 mi20, Kyoto Court, Bognor Regis, West Sussex PO21 2UJ3
£307K04/240.13 mi28, Wood Street, Bognor Regis, West Sussex PO21 2PJ3
£325K11/230.14 mi1a, Normanton Avenue, Bognor Regis, West Sussex PO21 2TX3
£340K08/210.15 mi33, Shelley Road, Bognor Regis, West Sussex PO21 2SN3
£417.5K04/230.15 mi29, Shelley Road, Bognor Regis, West Sussex PO21 2SN3
£310K02/240.2 mi16, St Winifreds Close, Bognor Regis, West Sussex PO21 2JX3
£300K06/210.21 mi41, Bassett Road, Bognor Regis, West Sussex PO21 2JH3
£360K02/210.21 mi31, Bassett Road, Bognor Regis, West Sussex PO21 2JH3
£380K12/230.23 mi62, Marshall Avenue, Bognor Regis, West Sussex PO21 2TN3
£382K11/230.23 mi51, Southdown Road, Bognor Regis, West Sussex PO21 2JP3
£315K03/210.23 mi51, Southdown Road, Bognor Regis, West Sussex PO21 2JP3
£288.7K01/210.23 mi45, Southdown Road, Bognor Regis, West Sussex PO21 2JP3
£327.5K12/200.24 mi81, Kyoto Court, Bognor Regis, West Sussex PO21 2UL3
£374.3K07/240.26 mi9, Southdown Road, Bognor Regis, West Sussex PO21 2JS3
£380K08/210.26 mi30, Burnham Avenue, Bognor Regis, West Sussex PO21 2JU3
£230K11/200.27 mi4, Frankalan Mews, Bognor Regis, West Sussex PO21 1UN3
£310K08/240.29 mi36a, Marshall Avenue, Bognor Regis, West Sussex PO21 2TR3
£280K08/230.3 mi4, Gainsboro Road, Bognor Regis, West Sussex PO21 2HT3
£285K07/230.3 mi8, Gainsboro Road, Bognor Regis, West Sussex PO21 2HT3
£216.5K07/210.3 mi8, Gainsboro Road, Bognor Regis, West Sussex PO21 2HT3
£340K12/210.31 mi24, Heghbrok Way, Bognor Regis, West Sussex PO21 2RG3
£360K06/230.31 mi23, Heghbrok Way, Bognor Regis, West Sussex PO21 2RG3
£455K04/210.32 mi20, Selsey Avenue, Bognor Regis, West Sussex PO21 2QZ3
£290K04/210.32 mi36, West Street, Bognor Regis, West Sussex PO21 1XE3
£379K12/200.33 mi19, Parklands Avenue, Bognor Regis, West Sussex PO21 2BA3
£423K04/230.33 mi23, Bradlond Close, Bognor Regis, West Sussex PO21 2RQ3
£375K02/230.34 mi184, Hawthorn Road, Bognor Regis, West Sussex PO21 2UX3
£560K06/210.35 mi2, Parkway, Bognor Regis, West Sussex PO21 2XP3
£250K08/210.37 mi63, Kenilworth Road, Bognor Regis, West Sussex PO21 5NF3
£345K11/220.37 mi22, Pinewood Gardens, Bognor Regis, West Sussex PO21 2XB3
£365K07/230.38 mi19, Highland Avenue, Bognor Regis, West Sussex PO21 2BJ3
£290K02/210.38 mi19, Highland Avenue, Bognor Regis, West Sussex PO21 2BJ3
£360K12/220.38 mi3, Highland Avenue, Bognor Regis, West Sussex PO21 2BJ3
£600K09/230.4 mi22, Bedenscroft, Bognor Regis, West Sussex PO21 3SD3
£273K01/230.4 mi15, Gravits Lane, Bognor Regis, West Sussex PO21 5LT3
£247.5K03/210.4 mi34, Linden Road, Bognor Regis, West Sussex PO21 2AW3
£290K10/220.41 mi1, Merchant Street, Bognor Regis, West Sussex PO21 1QH3
£287K09/210.42 mi71, Linden Road, Bognor Regis, West Sussex PO21 2BB3
£435K09/230.42 mi8, Densihale, Bognor Regis, West Sussex PO21 3SE3
£221K06/230.43 mi6, Havelock Road, Bognor Regis, West Sussex PO21 2EY3
£335K06/210.43 mi9, Waverley Road, Bognor Regis, West Sussex PO21 5NB3
£260K09/230.43 mi17, Clifton Road, Bognor Regis, West Sussex PO21 2HH3
£298K04/230.44 mi35, Thrusloes, Bognor Regis, West Sussex PO21 3SJ3
£340K06/230.44 mi19, Thrusloes, Bognor Regis, West Sussex PO21 3SJ3
£280K03/230.44 mi94, Linden Road, Bognor Regis, West Sussex PO21 2BD3
£290K09/210.45 mi33, Amberley Drive, Bognor Regis, West Sussex PO21 5NP3
£257.5K12/200.45 mi13, Havelock Road, Bognor Regis, West Sussex PO21 2EZ3

Local Rents

20 rents from £1.1K/mo to £2.5K/mo, average is £1.3K/mo.

RentDateDistanceAddressBeds 
£1,45006/240.1 miShelley Road, PO213
£1,20006/240.24 miKyoto Court, Bognor Regis, West Sussex, PO213
£1,25006/240.25 miKyoto Court, Nyewood Lane, Bognor Regis, PO213
£1,25006/240.26 miPark Road, Bognor Regis, PO213
£1,25007/240.27 miWrenfield Place, Scott Close, Bognor Regis, PO213
£1,30006/240.3 miGainsboro Road, Bognor Regis3
£1,60007/240.31 miMarshall Avenue, Bognor Regis, PO213
£1,30002/250.34 mi-3
£2,52502/250.37 mi-3
£1,35006/240.39 mi-3
£1,06009/240.47 mi-3
£1,30007/240.5 miGilwynes, Aldwick3
£1,49512/240.51 mi-3
£2,16712/240.52 mi-3
£1,75006/240.52 miSpencer Street, BOGNOR REGIS3
£1,25001/250.58 mi-3
£1,40012/240.62 mi-3
£1,40012/240.62 mi-3
£1,20003/250.62 mi-3
£2,00003/250.62 mi-3

Local Area Statistics

Population in PO21

39,509

Population in Bognor Regis

68,380

Town centre distance

0.60 miles away

Nearest school

0.50 miles away

Nearest train station

0.47 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+28%

Sales demand

Balanced market

Capital growth (5yrs)

+19%

Property History

Listed for £480,000

August 23, 2024

Sold for £365,000

2017

Sold for £200,000

2011

Floor Plans

Description

    • Detached +
    • Parking +
    • Aldwick Location +
    • Close to Shops +
    • En-suite +
    • Modern Kitchen +

Situated in Aldwick this detached character family home has been extended to high standards and keeping the original features, the ground floor offers spacious living. The reception room is of a good size for extra seating if needed, there is a separate cloakroom, shower room and a utility room. The kitchen has a range of soft close units and plenty of built in cupboards and appliances, there is a beautiful island that also comprises of a dining table that over looks the garden. The living room is bright and airy with an open fireplace. Upstairs you have three good size double bedrooms the master bedroom has an En-suite shower room, and there is a further master bathroom with shower. Outside to the rear the garden is enclosed and laid to lawn, to the front there is a block paved driveway with ample parking for four cars on a private estate. Viewing is highly recommended to see what this has to offer.
The location is walking distance to the beach and local shops.

Agent Details

King & Chasemore, Bognor Regis

020 3835 6486

Next Steps?

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