2 Bed Terraced House, Refurb/BRRR, Littlehampton, BN17 6AU, £215,000

69 High Street, Littlehampton, West Sussex, BN17 5EJ - 3 views - 7 months ago

Sold STC
Refurb/BRRR
ROI: 2%
~68 m²
+4 photos

ValuationUndervalued

Sold Prices£125K - £425K
Sold Prices/m²£2.1K/m² - £6K/m²

 

 

Square Metres

~68.11 m²
Price/m²£3.2K/m²

Value Estimate

£221,450
BMV3%

 

 

End Value (After Refurb)

£227,037

Uplift in Value

+6%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£53,750

Stamp Duty & Legal Fees

£7,650

Refurb Costs

£31,786

Bridging Loan Interest

£5,644

Total Cash In

£100,579

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£227,037

Mortgage (After Refinance)

£170,277

Mortgage LTV

75%

Cash Released

£9,027

Cash Left In

£91,552

Equity

£56,759

Rent Range

£880 - £1,450

Rent Estimate

£1,143

Running Costs/mo

£958

Cashflow/mo

£185

Cashflow/yr

£2,219

ROI

2%

Gross Yield

6%

Local Sold Prices

50 sold prices from £125K to £425K, average is £256K. £2.1K/m² to £6K/m², average is £3.6K/m².

PriceDateDistanceAddressBeds 
£260K09/210.11 mi30, Queen Street, Littlehampton, West Sussex BN17 6EP2
£205K12/230.11 mi24, Queen Street, Littlehampton, West Sussex BN17 6EP2
£280K09/210.17 mi8, York Road, Littlehampton, West Sussex BN17 6EN2
£252.5K11/200.17 mi20, York Road, Littlehampton, West Sussex BN17 6EN2
£199.9K12/200.19 miKatella Cottage, New Road, Littlehampton, West Sussex BN17 5AX2
£225K04/210.22 mi6, Howard Place, Littlehampton, West Sussex BN17 7AG2
£218K06/210.22 mi2, Howard Place, Littlehampton, West Sussex BN17 7AG2
£250K08/230.22 mi10, Howard Place, Littlehampton, West Sussex BN17 7AG2
£251K03/210.23 mi16, Linden Road, Littlehampton, West Sussex BN17 7AH2
£299.9K05/210.26 mi20, Parham Close, Littlehampton, West Sussex BN17 6HF2
£235K12/200.27 mi42, Gloucester Place, Littlehampton, West Sussex BN17 7AL2
£280K02/210.27 mi28, Highdown Drive, Littlehampton, West Sussex BN17 6HJ2
£295K08/230.28 mi3, Gloucester Place, Littlehampton, West Sussex BN17 7AE2
£406K06/210.28 mi28, Blakehurst Way, Littlehampton, West Sussex BN17 6HE2
£280K08/230.29 mi5, Terminus Place, Littlehampton, West Sussex BN17 5BP2
£400K03/210.29 mi12, Blakehurst Way, Littlehampton, West Sussex BN17 6HA2
£270K10/200.33 mi1, St Marys Way, Littlehampton, West Sussex BN17 5QG2
£237K12/200.34 mi31, Gloucester Road, Littlehampton, West Sussex BN17 7BT2
£229.9K11/200.34 mi12, Gloucester Road, Littlehampton, West Sussex BN17 7BT2
£255K12/200.34 mi15, Gloucester Road, Littlehampton, West Sussex BN17 7BT2
£257K11/210.37 mi51, Stanhope Road, Littlehampton, West Sussex BN17 6AQ2
£265K02/210.38 mi25, Kent Road, Littlehampton, West Sussex BN17 6LQ2
£280K05/210.38 mi9, Horsham Road, Littlehampton, West Sussex BN17 6BT2
£342K12/200.39 mi11, Madehurst Way, Littlehampton, West Sussex BN17 6HD2
£215.9K02/210.41 mi6, Elm Grove Road, Littlehampton, West Sussex BN17 6AH2
£425K12/220.42 mi55, Highdown Drive, Littlehampton, West Sussex BN17 6HL2
£270K10/210.44 mi36, Grove Crescent, Littlehampton, West Sussex BN17 6AD2
£270K06/210.44 mi42, Grove Crescent, Littlehampton, West Sussex BN17 6AD2
£217K01/210.44 mi13, Grove Crescent, Littlehampton, West Sussex BN17 6AD2
£283K06/230.45 miRellima, Malthouse Passage, Wick, Littlehampton, West Sussex BN17 6JA2
£252.5K07/230.46 mi5, Sussex Street, Wick, Littlehampton, West Sussex BN17 6JD2
£240K09/230.46 mi10, Sussex Street, Wick, Littlehampton, West Sussex BN17 6JD2
£170K12/200.46 mi27, Sussex Street, Wick, Littlehampton, West Sussex BN17 6JD2
£182.5K12/200.48 mi9, Wick Street, Wick, Littlehampton, West Sussex BN17 7JJ2
£182.5K12/200.48 mi9, Wick Street, Wick, Littlehampton, West Sussex BN17 7JJ2
£400K10/220.48 mi27, Grove Crescent, Littlehampton, West Sussex BN17 6AD2
£245.3K12/220.48 mi115, Beaconsfield Road, Wick, Littlehampton, West Sussex BN17 6LL2
£220K02/230.49 mi26, Roman Acre, Wick, Littlehampton, West Sussex BN17 7HN2
£235K04/230.51 mi36, North Street, Wick, Littlehampton, West Sussex BN17 6JH2
£250K02/210.52 mi7, Swanbourne Road, Wick, Littlehampton, West Sussex BN17 6HS2
£125K08/230.52 mi8, North Street, Wick, Littlehampton, West Sussex BN17 6JJ2
£390K01/210.54 mi67, Highdown Drive, Wick, Littlehampton, West Sussex BN17 6HR2
£202.5K05/210.55 mi23, West Way, Wick, Littlehampton, West Sussex BN17 7LY2
£415K08/210.57 mi4, The Estuary, Littlehampton, West Sussex BN17 6NF2
£245K05/210.57 mi104, Highdown Drive, Wick, Littlehampton, West Sussex BN17 6HP2
£258K05/210.57 mi32, Lansdowne Road, Wick, Littlehampton, West Sussex BN17 6JG2
£282K02/210.57 mi33, Lansdowne Road, Wick, Littlehampton, West Sussex BN17 6JG2
£298.4K03/210.58 mi17, Esher Drive, Littlehampton, West Sussex BN17 6AA2
£420K02/230.58 mi25, Esher Drive, Littlehampton, West Sussex BN17 6AA2
£339K02/210.58 mi5, Short Furlong, Littlehampton, West Sussex BN17 6NG2

Local Rents

34 rents from £880/mo to £1.4K/mo, average is £1.2K/mo.

RentDateDistanceAddressBeds 
£1,20012/240.04 miField Place, Littlehampton2
£1,17509/240.06 mi-2
£1,20012/240.13 miBayford Road, Littlehampton, West Sussex2
£1,15012/240.15 mi-2
£97512/240.15 miBeach Road, Littlehampton2
£1,05012/240.17 miArundel Road, Littlehampton2
£1,15012/240.22 miLinden Road, Littlehampton2
£1,10012/240.28 miTerminus Place, Littlehampton2
£1,25012/240.28 miGloucester Place, Littlehampton2
£1,15012/240.28 miLinden Road, Littlehampton2
£1,15012/240.28 miLinden Road, Littlehampton2
£1,15012/240.28 miLinden Road, Littlehampton2
£1,27512/240.32 miMariners Quay, Littlehampton, West Sussex2
£1,10012/240.34 miBeach Road, Littlehampton, West Sussex, BN172
£1,30001/250.35 mi-2
£1,30002/250.35 mi-2
£99512/240.39 miLimewood Place , Littlehampton2
£95012/240.42 miSouth Terrace, Littlehampton, West Sussex, BN172
£1,45012/240.43 miThe Waterside, River Road, Littlehampton2
£1,25003/250.43 mi-2
£1,27503/250.45 mi-2
£1,10012/240.45 mi-2
£1,00012/240.46 miSussex Street, Wick, Littlehampton, West Sussex, BN172
£1,22512/240.47 miFitzalan Road, Littlehampton2
£1,20002/250.48 mi-2
£1,25003/250.48 mi-2
£88002/250.52 mi-2
£1,27512/240.53 miWick Street, Littlehampton, Wick, BN172
£1,40003/250.54 mi-2
£1,00012/240.54 miSouth Terrace, Littlehampton2
£99512/240.55 miAlexander Court, Beaconsfield Road, Littlehampton2
£1,30003/250.56 mi-2
£1,10012/240.56 miWick Street, Wick, Littlehampton2
£1,45012/240.57 miClun Road, Wick2

Local Area Statistics

Population in BN17

28,522

Population in Littlehampton

56,651

Town centre distance

1.01 miles away

Nearest school

0.10 miles away

Nearest train station

0.27 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+10%

Sales demand

Balanced market

Capital growth (5yrs)

+17%

Property History

Listed for £215,000

September 6, 2024

Floor Plans

Description

  • Character Cottage +
  • Two Double Bedrooms +
  • 0.5 Miles to Seafront +
  • Close to TOWN CENTRE & Local Shops +
  • 23'5 Lounge/Diner +
  • 11'11 Bedroom One +
  • 9'4 REFITTED Kitchen +
  • Ground Floor Bathroom +
  • Chain Free +
  • Vacant Possession +

Charming character cottage located on East Street in Littlehampton. This delightful property boasts a 23'5" x 13'3" reception room, two double bedrooms, and a ground floor bathroom.

Situated just 0.5 miles from the seafront, this cottage offers easy access to the beach, allowing you to enjoy leisurely strolls along the shore and soak in the refreshing sea breeze. Additionally, its proximity to the town centre ensures that all amenities are within reach, from quaint cafes to convenient shops.

The courtyard to the rear of the property provides a private outdoor space.

Offered chain-free with vacant possession, this cottage presents a fantastic opportunity for those looking to make it their own. While some modernisation is needed, this allows you the freedom to put your personal touch on the property and create a cosy haven that reflects your style and preferences.

Don't miss out on the chance to own this character-filled cottage in a sought-after location. Contact us today to arrange a viewing and start envisioning the endless possibilities that this cottage has to offer.

Lounge/Diner - 7.14m x 4.04m (23'5" x 13'3") -

Kitchen - 2.84m x 2.16m -

Bedroom One - 3.63m x 3.63m -

Bedroom Two - 3.33m x 2.77m -

Bathroom - 1.85m x 1.55m -

Council Tax Band - B

Epc Rating - D

Agent Details

Molica Franklin, Littlehampton

01903 497308

Next Steps?

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