3 Bed Flat, Single Let, Bognor Regis, PO21 4TW, £170,000

20a The Parade, Bognor Regis, West Sussex, PO21 4TW - 6 months ago

Sold STC
Leasehold
BTL
ROI: 13%
~93 m²
+5 photos

ValuationUndervalued











Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£42,500

Stamp Duty & Legal Fees

£6,300

Total Cash In

£48,800

 

 

Cash Out

 

Rent Range

£1,250 - £1,950

Rent Estimate

£1,359

Running Costs/mo

£823

Cashflow/mo

£536

Cashflow/yr

£6,431

ROI

13%

Gross Yield

10%













Local Rents

12 rents from £1.3K/mo to £1.9K/mo, average is £1.5K/mo.

RentDateDistanceAddressBeds 
£1,45012/240.04 mi-3
£1,25006/240.17 miSwandene, Pagham, Bognor Regis3
£1,35006/240.18 miSwandene, Bognor Regis3
£1,50006/240.2 mi-3
£1,85006/240.24 miSaxon Close, Pagham, Bognor Regis, PO213
£1,95006/240.65 miAldwick Bay Marine Private Estate, Aldwick3
£1,37506/240.67 miWarwick Close, Bognor Regis3
£1,49506/240.71 miLedbury Way, Bognor Regis, PO213
£1,49507/241.05 miWillowhale Green, Bognor Regis, PO213
£1,49506/241.05 miMayfield Close, Bognor Regis, PO213
£1,70006/241.09 miRaleigh Road, BOGNOR REGIS3
£1,95007/241.16 miKingsway, Aldwick3

Local Area Statistics

Population in PO21

39,509

Population in Bognor Regis

68,380

Town centre distance

3.05 miles away

Nearest school

1 miles away

Nearest train station

2.94 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+28%

Sales demand

Balanced market

Capital growth (5yrs)

+19%

Property History

Listed for £170,000

September 5, 2024

Floor Plans

Description

  • Ground Floor Purpose Built Apartment +
  • Lounge/Diner +
  • Modern Kitchen +
  • 3 Bedrooms (2 Doubles, 1 Single) +
  • 2 Ensuites (1 Bathroom, 1 Shower Room) +
  • uPVC Double Glazing and Gas Central Heating +
  • Own Private Entrance +
  • Remainder of 199 Year Lease +
  • Conveniently Situated adjacent to Local Shops and Bus Routes and within 400 Yards of the Seafront +
  • Ideal First Home, Rental Investment or Holday Let +

Welcome to this practical apartment on The Parade in Pagham! This delightful flat boasts a central Lounge/Diner and modern Kitchen, perfect for entertaining guests or relaxing with your family. With 3 Bedrooms, there's plenty of space for everyone to unwind and enjoy a good night's sleep.

The property features 2 modern Ensuites, ensuring convenience and comfort for all residents. Situated in a prime location, you'll have easy access to all the amenities that Pagham has to offer, from shops to cafes and everything in between.

Don't miss the opportunity to make this lovely flat your new home or rental investment. Contact us today to arrange a viewing and experience the comfort and convenience this property has to offer.

The Following information has been provided by the seller. We Would advise that you ask your solicitor to verify this information during the course of your purchase:

Lease - 199 Year Lease from 29th September 2008

Service Charge - £611.49 - 1st April 2024 to the 31st March 2025

Ground Rent - £250.00 per annum

Bulding Insurance - £755.29 per annum - 1st January 2024 to 31st December 2024

PLEASE NOTE - All dimensions are approximate and are quoted for guidance only. Any floor plans shown are intended to be a general guide to the layout of the property, they are not drawn to scale, and should not be used as a definitive plan. The position of windows, doors and fittings may vary from those shown. References to appliances and/or services do not imply they are in working order or fit for the purpose. Please have your solicitor confirm the freehold/leasehold status, the position regarding fixtures/fittings and the position regarding plan

Agent Details

Farndell Estate Agents, Bognor Regis

01243 217445

Next Steps?

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