3 Bed Bungalow, Refurb/BRRR, Littlehampton, BN17 6RB, £430,000

8 Humber Close, Littlehampton, West Sussex, BN17 6RB - 2 views - 8 months ago

Refurb/BRRR
~93 m²
+5 photos

ValuationOvervalued

Sold Prices£175K - £710K
Sold Prices/m²£3K/m² - £6.9K/m²

 

 

Square Metres

~93 m²
Price/m²£4.6K/m²

Value Estimate

£351,631

 

 

End Value (After Refurb)

£378,500

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£107,500

Stamp Duty & Legal Fees

£23,100

Refurb Costs

£43,401

Bridging Loan Interest

£11,288

Total Cash In

£187,038

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£378,500

Mortgage (After Refinance)

£283,875

Mortgage LTV

75%

Cash Left In

£187,038

Equity

£94,625

Rent Range

£1,250 - £1,650

Rent Estimate

£1,424

Running Costs/mo

£1,488

Cashflow/mo

£-64

Cashflow/yr

£-763

Gross Yield

4%

Local Sold Prices

50 sold prices from £175K to £710K, average is £365K. £3K/m² to £6.9K/m², average is £4K/m².

PriceDateDistanceAddressBeds 
£340K01/210.12 mi16, Thames Close, Littlehampton, West Sussex BN17 6PZ3
£535K07/230.13 mi8, Southway, Littlehampton, West Sussex BN17 6QW3
£367K12/200.13 mi17, Southway, Littlehampton, West Sussex BN17 6QW3
£562.5K03/230.13 mi20, Southway, Littlehampton, West Sussex BN17 6QW3
£288K03/210.17 mi42, Norfolk Gardens, Littlehampton, West Sussex BN17 5PF3
£270K09/230.17 mi62, Norfolk Gardens, Littlehampton, West Sussex BN17 5PF3
£260K03/210.17 mi59, Norfolk Gardens, Littlehampton, West Sussex BN17 5PF3
£175K04/230.21 mi23, Ketch Road, Littlehampton, West Sussex BN17 6RE3
£250K04/210.22 mi9, Norfolk Gardens, Littlehampton, West Sussex BN17 5PE3
£340K06/210.23 mi39, Western Road, Littlehampton, West Sussex BN17 5PG3
£710K11/220.23 mi51, Western Road, Littlehampton, West Sussex BN17 5PG3
£260K11/200.24 mi3, Trinity Way, Littlehampton, West Sussex BN17 5SR3
£272K10/200.24 mi3a, Trinity Way, Littlehampton, West Sussex BN17 5SR3
£450K05/230.26 mi52, The Martlets, Rustington, Littlehampton, West Sussex BN16 2UD3
£470K07/230.27 mi10, The Winter Knoll, Littlehampton, West Sussex BN17 6ND3
£410K11/210.27 mi6, The Winter Knoll, Littlehampton, West Sussex BN17 6ND3
£350K09/210.29 mi4, The Cloisters, Littlehampton, West Sussex BN17 5ST3
£405K08/210.29 mi39, The Martlets, Rustington, Littlehampton, West Sussex BN16 2UB3
£360K11/210.32 mi14, Woodlands Road, Littlehampton, West Sussex BN17 5PP3
£344K11/200.32 mi17, Woodlands Road, Littlehampton, West Sussex BN17 5PP3
£415K03/210.33 mi22, The Estuary, Littlehampton, West Sussex BN17 6NE3
£365K03/210.35 miNew House, Western Road, Littlehampton, West Sussex BN17 5NP3
£630K12/220.35 mi21, Hawley Road, Rustington, Littlehampton, West Sussex BN16 2QD3
£319K04/230.37 mi51, Leeward Road, Littlehampton, West Sussex BN17 6PQ3
£390K02/230.37 mi7, Leeward Road, Littlehampton, West Sussex BN17 6PG3
£455K07/230.38 mi78, Parkside Avenue, Littlehampton, West Sussex BN17 6BJ3
£575K07/210.39 mi3, St Winefrides Road, Littlehampton, West Sussex BN17 5NL3
£365K06/210.41 mi28, Whitehorses Way, Littlehampton, West Sussex BN17 6NP3
£265K02/210.41 mi56, Beaumont Park, Littlehampton, West Sussex BN17 6PF3
£255K12/200.41 mi60, Beaumont Park, Littlehampton, West Sussex BN17 6PF3
£370K08/210.41 mi18, The Crescent, Rustington, Littlehampton, West Sussex BN16 2PE3
£325K05/210.43 mi9, The Cape, Littlehampton, West Sussex BN17 6PL3
£255K09/210.43 mi29, The Cape, Littlehampton, West Sussex BN17 6PL3
£325K04/230.43 mi2, The Cape, Littlehampton, West Sussex BN17 6PL3
£465K03/230.43 mi80, Milton Avenue, Rustington, Littlehampton, West Sussex BN16 2PJ3
£282.5K12/200.45 mi9, The Hooe, Littlehampton, West Sussex BN17 6PS3
£425K09/230.46 mi34, Esher Drive, Littlehampton, West Sussex BN17 6AA3
£525K03/210.47 mi3, Maltravers Drive, Littlehampton, West Sussex BN17 5EY3
£366K12/220.47 mi60, The Winter Knoll, Littlehampton, West Sussex BN17 6NQ3
£268K06/210.47 mi76, The Winter Knoll, Littlehampton, West Sussex BN17 6NQ3
£290K06/210.47 mi60, Tennyson Avenue, Rustington, Littlehampton, West Sussex BN16 2PH3
£325K02/210.47 mi26, Tennyson Avenue, Rustington, Littlehampton, West Sussex BN16 2PH3
£435K05/230.47 mi58, Tennyson Avenue, Rustington, Littlehampton, West Sussex BN16 2PH3
£325K08/230.47 mi56, Tennyson Avenue, Rustington, Littlehampton, West Sussex BN16 2PH3
£365K12/220.48 mi104, Southfields Road, Littlehampton, West Sussex BN17 6PD3
£620K07/230.48 mi9, Holmes Lane, Rustington, Littlehampton, West Sussex BN16 2QA3
£393.5K01/210.49 mi58, Milton Avenue, Rustington, Littlehampton, West Sussex BN16 2PL3
£405K12/200.49 mi3, Howards Way, Rustington, Littlehampton, West Sussex BN16 2LT3
£450K03/210.49 mi2, Howards Way, Rustington, Littlehampton, West Sussex BN16 2LT3
£545K09/230.49 mi1, Howards Way, Rustington, Littlehampton, West Sussex BN16 2LT3

Local Rents

14 rents from £1.3K/mo to £1.6K/mo, average is £1.4K/mo.

RentDateDistanceAddressBeds 
£1,40012/240.22 miNorfolk Gardens3
£1,35007/230.38 mi-3
£1,35012/240.39 mi-3
£1,35012/240.39 mi-3
£1,59902/250.45 mi-3
£1,60003/250.47 mi-3
£1,50012/240.49 miGranville Road, Littlehampton3
£1,25012/240.5 mi-3
£1,32512/240.51 miFontwell Close, Rustington3
£1,49512/240.55 miKirdford Close, Rustington, Littlehampton3
£1,49512/240.55 miKirdford Close, Rustington, Littlehampton3
£1,49512/240.55 miKirdford Close, Rustington, Littlehampton3
£1,35012/240.57 mi-3
£1,65012/240.58 miParham Close, Rustington, Littlehampton, West Sussex, BN163

Local Area Statistics

Population in BN17

28,522

Population in Littlehampton

56,651

Town centre distance

1.11 miles away

Nearest school

0.80 miles away

Nearest train station

0.99 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+10%

Sales demand

Balanced market

Capital growth (5yrs)

+17%

Property History

Listed for £430,000

September 10, 2024

Sold for £126,500

2000

Floor Plans

Description

  • Three Bedrooms +
  • Detached +
  • Garage +
  • Chain Free +
  • South West Facing Garden +
  • Backs on to the par 3 golf course +

This three-bedroom detached bungalow is located in the highly sought-after "South Beaumont Park" area, within walking distance of the beach and excellent local amenities, including shops, bus routes, pharmacies, and a leisure centre. Humber Close is a small cul-de-sac made up of bungalows. The property itself offers three bedrooms, a bathroom, and a separate shower room. There is a living and dining room which connects to the kitchen, with patio doors from the dining area leading to a south-west facing garden. While the property is in need of some modernisation throughout, it is ready to move into and is being offered to the market chain-free. Please call to arrange a viewing.

Agent Details

Graham Butt Estate Agents, Rustington

01903 944870

Next Steps?

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