3 Bed Detached House, Refurb/BRRR, Chichester, PO20 8NJ, £500,000

52 Stocks Lane, Chichester, West Sussex, PO20 8NJ - 4 views - 8 months ago

Refurb/BRRR
~93 m²
+6 photos

ValuationOvervalued

Sold Prices£245K - £1.6M
Sold Prices/m²£3.2K/m² - £10.5K/m²

 

 

Square Metres

~93 m²
Price/m²£5.4K/m²

Value Estimate

£417,146

 

 

End Value (After Refurb)

£512,000

Uplift in Value

+-2%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£125,000

Stamp Duty & Legal Fees

£30,700

Refurb Costs

£42,800

Bridging Loan Interest

£13,125

Total Cash In

£213,375

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£512,000

Mortgage (After Refinance)

£384,000

Mortgage LTV

75%

Cash Released

£9,000

Cash Left In

£204,375

Equity

£128,000

Rent Range

£850 - £6,950

Rent Estimate

£1,924

Running Costs/mo

£2,005

Cashflow/mo

£-81

Cashflow/yr

£-970

Gross Yield

5%

Local Sold Prices

47 sold prices from £245K to £1.6M, average is £420K. £3.2K/m² to £10.5K/m², average is £4.9K/m².

PriceDateDistanceAddressBeds 
£524K04/210.06 mi20, Seafield Close, East Wittering, Chichester, West Sussex PO20 8DP3
£500K01/230.07 mi10, Barn Road, East Wittering, Chichester, West Sussex PO20 8NL3
£670K03/210.09 mi24, Seafield Close, East Wittering, Chichester, West Sussex PO20 8DP3
£295K03/210.11 mi108, Stocks Lane, East Wittering, Chichester, West Sussex PO20 8NR3
£270K11/200.11 mi66, Stocks Lane, East Wittering, Chichester, West Sussex PO20 8NR3
£405K02/210.12 mi17, Wessex Avenue, East Wittering, Chichester, West Sussex PO20 8NP3
£450K05/210.15 mi14, Oakfield Avenue, East Wittering, Chichester, West Sussex PO20 8BU3
£440K03/210.18 mi23, Solent Road, East Wittering, Chichester, West Sussex PO20 8DJ3
£775K01/210.19 miClandon, 8, Coney Six, East Wittering, Chichester, West Sussex PO20 8DL3
£365K04/230.21 mi136, Stocks Lane, East Wittering, Chichester, West Sussex PO20 8NT3
£374.9K11/200.22 miAshurst, Peerley Road, East Wittering, Chichester, West Sussex PO20 8DW3
£480K03/210.23 miMill Cottage, 11, Church Road, East Wittering, Chichester, West Sussex PO20 8PS3
£352K03/210.25 mi4, Mill Gardens, East Wittering, Chichester, West Sussex PO20 8PR3
£675K01/210.3 miSeascape, 43a, Shore Road, East Wittering, Chichester, West Sussex PO20 8DY3
£550K08/230.31 mi19, Harrow Drive, West Wittering, Chichester, West Sussex PO20 8EJ3
£820K01/230.31 mi48, Shore Road, East Wittering, Chichester, West Sussex PO20 8DZ3
£565K02/230.37 mi43, Legion Way, East Wittering, Chichester, West Sussex PO20 8PP3
£480K07/230.39 mi4, Windsor Drive, West Wittering, Chichester, West Sussex PO20 8EG3
£370K06/230.4 mi22, The Crescent, West Wittering, Chichester, West Sussex PO20 8EE3
£295K09/210.4 mi35, Kestrel Close, East Wittering, Chichester, West Sussex PO20 8PQ3
£295K11/200.4 mi21, Kestrel Close, East Wittering, Chichester, West Sussex PO20 8PQ3
£445K05/230.41 mi22, Cakeham Way, West Wittering, Chichester, West Sussex PO20 8EQ3
£290K04/230.42 mi15, Plover Close, East Wittering, Chichester, West Sussex PO20 8PW3
£275K10/200.42 mi19, Plover Close, East Wittering, Chichester, West Sussex PO20 8PW3
£320K11/200.42 mi6, Ascot Close, West Wittering, Chichester, West Sussex PO20 8HW3
£420K11/220.44 mi4, Cambridge Avenue, West Wittering, Chichester, West Sussex PO20 8NE3
£1.2M12/200.46 miBeach Lodge, West Bracklesham Drive, Bracklesham Bay, Chichester, West Sussex PO20 8PH3
£390K06/210.47 miMaverhurst, Bracklesham Lane, Bracklesham Bay, Chichester, West Sussex PO20 8JA3
£358K01/210.49 mi53, Russell Road, West Wittering, Chichester, West Sussex PO20 8EF3
£570K08/210.51 mi4, Elm Close, Bracklesham Bay, Chichester, West Sussex PO20 8HY3
£625K08/210.54 mi12, Elm Close, Bracklesham Bay, Chichester, West Sussex PO20 8HY3
£500K06/230.55 mi11, Pond Road, Bracklesham Bay, Chichester, West Sussex PO20 8HR3
£450K01/230.56 mi18, Elm Close, Bracklesham Bay, Chichester, West Sussex PO20 8HY3
£385K01/210.58 miAvondale, Beech Avenue, Bracklesham Bay, Chichester, West Sussex PO20 8HU3
£462K02/210.61 miHermes, Farm Road, Bracklesham Bay, Chichester, West Sussex PO20 8JU3
£1.6M03/230.62 mi71, Marine Drive, West Wittering, Chichester, West Sussex PO20 8HQ3
£465K12/200.69 miHolmslea, East Bracklesham Drive, Bracklesham Bay, Chichester, West Sussex PO20 8JH3
£375K05/230.78 mi3, Wilton Close, Bracklesham Bay, Chichester, West Sussex PO20 8QY3
£400K05/230.79 mi3, Third Avenue, Bracklesham Bay, Chichester, West Sussex PO20 8JL3
£325K11/200.79 mi3, Third Avenue, Bracklesham Bay, Chichester, West Sussex PO20 8JL3
£425K11/220.79 mi5, Wilton Close, Bracklesham Bay, Chichester, West Sussex PO20 8QY3
£375K12/200.81 mi29, Woodborough Close, Bracklesham Bay, Chichester, West Sussex PO20 8UA3
£390K05/210.82 mi6, Marineside, Bracklesham Bay, Chichester, West Sussex PO20 8JJ3
£445K05/230.83 mi8, Shalbourne Crescent, Bracklesham Bay, Chichester, West Sussex PO20 8JY3
£320K06/210.83 mi27, Shalbourne Crescent, Bracklesham Bay, Chichester, West Sussex PO20 8JY3
£245K02/210.98 mi37, Tide Way, Bracklesham Bay, Chichester, West Sussex PO20 8FE3
£280K05/210.98 mi43, Tide Way, Bracklesham Bay, Chichester, West Sussex PO20 8FE3

Local Rents

41 rents from £850/mo to £7K/mo, average is £1.4K/mo.

RentDateDistanceAddressBeds 
£1,30007/240.11 miStocks Lane PO20 3
£1,07506/240.19 miSandlands Point, East Wittering2
£1,75007/240.23 miChurch Road East Wittering PO203
£91506/240.27 mi-2
£1,10007/240.29 miHarrow Drive, East Wittering2
£1,05012/240.3 miEast Wittering1
£1,60006/240.32 miShore Road, East Wittering3
£1,40006/240.39 miSandpiper Walk, West Wittering3
£1,15002/250.4 mi-2
£1,00012/240.42 mi-2
£1,00007/240.43 miCormorant Way, Chichester2
£2,20007/240.47 miHoneys, Bracklesham Bay3
£1,50007/240.6 miCharlie Drive, Bracklesham Bay, Chichester, PO202
£1,20006/240.7 miWillow Way, Bracklesham Bay, Chichester2
£2,90001/250.76 mi-4
£1,39512/240.93 miAxford Close, Bracklesham Bay, Chichester, PO202
£1,15006/240.99 miTide Way, Bracklesham Bay2
£1,45007/240.99 miTide Way Bracklesham Bay PO203
£1,30012/241.01 mi-2
£1,30007/241.01 miHayward Place, Bracklesham Bay, Chichester, PO202
£1,15007/241.02 miTide Way, Bracklesham Bay, Chichester2
£2,20007/241.12 miEast Bracklesham Drive, Bracklesham Bay3
£3,25004/251.3 mi-4
£3,00007/241.31 miWest Wittering, Chichester, PO204
£3,00012/241.31 mi-4
£3,50003/251.31 mi-4
£2,49506/241.44 miMiddlefield, West Wittering, Chichester, PO203
£2,49507/241.44 miThe Wad, West Wittering, Chichester, PO203
£2,75006/241.44 miRoyce Close, West Wittering4
£85004/251.69 mi-1
£2,25007/241.96 miBatchmere4
£1,65004/252 mi-2
£3,00007/242.03 miThe Spinney, Itchenor, PO203
£2,32510/242.27 mi-4
£2,50004/252.27 mi-4
£1,35006/242.33 miHillands Farm Annex, Batchmere Road, Chichester, West Sussex2
£4,50007/242.35 miWestlands Lane, Birdham, PO204
£6,95007/242.42 miSpinney Lane, Itchenor, Chichester West Sussex, PO205
£1,27506/242.44 miKewells Corner, Birdham2
£1,40006/242.45 miWalwyn Close, Chichester, PO203
£1,40012/242.45 mi-3

Local Area Statistics

Population in PO20

32,437

Population in Chichester

75,877

Town centre distance

6.12 miles away

Nearest school

0.20 miles away

Nearest train station

5.46 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+7%

Sales demand

Buyer's market

Capital growth (5yrs)

+14%

Property History

Price changed to £500,000

February 24, 2025

Listed for £525,000

August 23, 2024

Sold for £330,000

2008

Floor Plans

Description

  • Detached Chalet Bungalow +
  • Conveniently Positioned Close to the Village +
  • 'L' Shape Living/Dining Room +
  • En Suite to Principal Bedroom +
  • Three Double Bedrooms +
  • South Facing Garden +
  • Scope for Modernisation +
  • Carport and Driveway +
  • No Forward Chain +

52 Stocks Lane presents a fantastic opportunity to acquire a charming detached home located just moments from East Wittering village. Offered to the market with the benefit of no forward chain, there is scope for modernisation, allowing you to add your own personal touch to your next home. The ground floor features a spacious L-shaped sitting/dining room that serves as the heart of the home. With a cozy fireplace as a focal point, this room is perfect for both relaxing and entertaining. The kitchen, while functional, offers generous storage and is flooded with natural light, overlooking the south-facing rear garden. Also on the ground floor is a generously sized double bedroom with built-in wardrobes, providing flexibility as a guest room, home office, or additional living space. Finally, completing the downstairs accommodation is a convenient shower room. Stairs from the living room lead to the first floor, where you will find the spacious principal suite, complete with an en-suite bathroom and built-in wardrobes. An additional bedroom on this floor is ideal for children or guests, offering comfortable accommodation. Outside, the property boasts a south-facing rear garden that is mainly laid to lawn. The addition of patio areas provides a perfect spot for enjoying the sunshine throughout the day. A carport and driveway to the front of the property offer convenient off-road parking.

EPC Rating: D

Agent Details

Henry Adams, East Wittering

01243 973409

Next Steps?

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