3 Bed Detached House, Single Let, Bognor Regis, PO22 8LW, £550,000

5 Normans Drive, Bognor Regis, West Sussex, PO22 8LW - 6 months ago

BTL
119 m²
+24 photos

ValuationOvervalued

Sold Prices£250K - £595K
Sold Prices/m²£2.6K/m² - £5.4K/m²

 

 

Square Metres

119 m²
Price/m²£4.6K/m²

Value Estimate

£463,003

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£137,500

Stamp Duty & Legal Fees

£34,300

Total Cash In

£171,800

 

 

Cash Out

 

Rent Range

£1,300 - £1,800

Rent Estimate

£1,406

Running Costs/mo

£2,020

Cashflow/mo

£-614

Cashflow/yr

£-7,367

Gross Yield

3%

Local Sold Prices

50 sold prices from £250K to £595K, average is £342.5K. £2.6K/m² to £5.4K/m², average is £3.9K/m².

PriceDateDistanceAddressBeds 
£450K04/240 mi21, Normans Drive, Bognor Regis, West Sussex PO22 8LW3
£347.5K01/210 mi23, Normans Drive, Bognor Regis, West Sussex PO22 8LW3
£360K04/230 mi37, Normans Drive, Bognor Regis, West Sussex PO22 8LW3
£250K02/210.05 mi16, Blackberry Copse, Felpham, Bognor Regis, West Sussex PO22 8GP3
£575K11/220.08 mi27, Roundle Avenue, Bognor Regis, West Sussex PO22 8LL3
£325K11/230.09 mi32, Wish Field Drive, Felpham, Bognor Regis, West Sussex PO22 8GL3
£345K04/210.1 mi20, Fourteen Acre Avenue, Felpham, Bognor Regis, West Sussex PO22 8GH3
£425K11/210.11 mi17, Coniston Close, Bognor Regis, West Sussex PO22 8ND3
£382K09/230.11 mi14, Coniston Close, Bognor Regis, West Sussex PO22 8ND3
£575K12/220.13 mi67, Roundle Avenue, Bognor Regis, West Sussex PO22 8LJ3
£340K01/210.13 mi45, Roundle Avenue, Bognor Regis, West Sussex PO22 8LJ3
£305K10/210.14 mi5, Ullswater Grove, Bognor Regis, West Sussex PO22 8NB3
£324K11/230.16 mi14, West Brook Way, Felpham, Bognor Regis, West Sussex PO22 8GB3
£318K12/200.18 mi24, Westmorland Drive, Bognor Regis, West Sussex PO22 8LZ3
£350K04/230.18 mi18, Westmorland Drive, Bognor Regis, West Sussex PO22 8LZ3
£365K04/210.19 mi10, Roundle Road, Bognor Regis, West Sussex PO22 8NL3
£338K09/210.19 mi5, Derwent Grove, Bognor Regis, West Sussex PO22 8NE3
£442K08/230.19 mi10, Derwent Grove, Felpham, Bognor Regis, West Sussex PO22 8NE3
£465K04/210.2 mi8, Northwyke Road, Bognor Regis, West Sussex PO22 8QQ3
£440K05/210.2 mi14, Northwyke Road, Bognor Regis, West Sussex PO22 8QQ3
£290K04/210.21 mi17, Cosens Way, Felpham, Bognor Regis, West Sussex PO22 8FG3
£355K02/230.22 mi78, Flansham Lane, Bognor Regis, West Sussex PO22 6AH3
£279K11/210.22 mi15, Virginia Gardens, Felpham, Bognor Regis, West Sussex PO22 6BE3
£298K06/210.22 mi1, Meaden Way, Felpham, Bognor Regis, West Sussex PO22 8FA3
£278K11/200.24 mi6, Westmorland Drive, Bognor Regis, West Sussex PO22 8LX3
£325K01/210.24 mi2, Westmorland Drive, Bognor Regis, West Sussex PO22 8LX3
£485K11/210.25 mi37, Firs Avenue, Bognor Regis, West Sussex PO22 8QA3
£400K06/230.26 mi8, Courtlands Way, Bognor Regis, West Sussex PO22 6AW3
£278.5K11/200.26 mi64, Flansham Lane, Bognor Regis, West Sussex PO22 6AH3
£390K08/210.28 mi3, Flansham Park, Bognor Regis, West Sussex PO22 6QA3
£405K11/210.28 mi4, Lindsey Court, Bognor Regis, West Sussex PO22 8JQ3
£355K06/210.29 mi4, Homefield Avenue, Bognor Regis, West Sussex PO22 6AN3
£595K02/230.29 mi8, Outerwyke Avenue, Bognor Regis, West Sussex PO22 8JH3
£350K12/200.3 mi19, Homefield Avenue, Bognor Regis, West Sussex PO22 6AN3
£355K06/210.3 mi4, Homefield Avenue, Bognor Regis, West Sussex PO22 6AN3
£275K08/210.31 mi11, Pennyfields, Bognor Regis, West Sussex PO22 6BN3
£300K11/200.31 mi9, Pennyfields, Bognor Regis, West Sussex PO22 6BN3
£313.4K08/210.31 mi19, Pennyfields, Bognor Regis, West Sussex PO22 6BN3
£262.5K02/210.31 mi8, Pennyfields, Bognor Regis, West Sussex PO22 6BN3
£340K05/230.31 mi20, Pennyfields, Bognor Regis, West Sussex PO22 6BN3
£275K11/200.32 mi91, Felpham Way, Bognor Regis, West Sussex PO22 8QB3
£425K08/230.32 mi19, Walberton Close, Bognor Regis, West Sussex PO22 8HZ3
£317.5K05/230.33 mi4, Outerwyke Avenue, Bognor Regis, West Sussex PO22 8JH3
£305K06/230.34 mi20, Alfriston Close, Bognor Regis, West Sussex PO22 6QB3
£272K12/200.34 mi18, Alfriston Close, Bognor Regis, West Sussex PO22 6QB3
£385K01/240.34 mi15, Alfriston Close, Bognor Regis, West Sussex PO22 6QB3
£310K02/210.34 mi15, Alfriston Close, Bognor Regis, West Sussex PO22 6QB3
£310K04/240.34 mi28, Alfriston Close, Bognor Regis, West Sussex PO22 6QB3
£530K08/230.36 mi4, Felpham Gardens, Bognor Regis, West Sussex PO22 8QS3
£325K09/230.37 mi28, Fittleworth Drive, Bognor Regis, West Sussex PO22 6QE3

Local Rents

10 rents from £1.3K/mo to £1.8K/mo, average is £1.5K/mo.

RentDateDistanceAddressBeds 
£1,45007/240.05 miBlackberry Copse, Felpham3
£1,70007/240.11 miThistle Copse Felpham PO223
£1,80006/240.2 miNorthwyke Road, BOGNOR REGIS3
£1,60009/240.25 miOuterwyke Road, Bognor Regis3
£1,55007/240.32 miBay Bridge Crescent, St Marys Close, PO223
£1,40006/240.36 miHaywards Close, Bognor Regis, PO223
£1,55001/250.48 mi-3
£1,45009/240.49 miGlynde Crescent, Felpham3
£1,30007/240.5 miFindon Drive, PO223
£1,45007/240.57 miPoulner Close, Felpham3

Local Area Statistics

Population in PO22

28,866

Population in Bognor Regis

68,380

Town centre distance

1.64 miles away

Nearest school

0.30 miles away

Nearest train station

1.76 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-14%

Sales demand

Balanced market

Capital growth (5yrs)

+17%

Property History

Price changed to £550,000

January 23, 2025

Listed for £570,000

September 21, 2024

Sold for £232,500

2010

Floor Plans

Description

  • Stylish L-shaped kitchen / dining / family room with bi-fold doors to rear +
  • Separate sitting room +
  • Three first floor double bedrooms & family bathroom +
  • Utility room & ground floor shower room with W.C. +
  • Enclosed rear gardens with large terraces ideal for outdoor entertaining +
  • Driveway parking +

The front door opens into the entrance lobby with double storage cupboard and from here into the internal entrance hall which opens to the contemporary kitchen / dining / family room with bay window to front, creating an ideal space for dining. The kitchen area has a range of fitted units, three fitted ovens & microwave and integrated dishwasher and under counter fridge with a window overlooking the rear garden. There is a further area, also ideal for seating or dining with bifold doors to the rear and views out across the garden and a door to the utility room with sink, storage and spaces for a washing machine, tumble dryer and fridge freezer. There is also a shower room with W.C. and a door to the rear garden. The sitting room is situated to the front of the property.

On the first floor there are three double bedrooms; two to the front and one to the rear and Bedroom 2 has built-in storage. There is also a family bathroom with W.C. and access to the eaves, for additional storage, from the landing. At the rear of the property is a large terrace, a good size lawn and a terraced path leading to the rear terrace which houses the pizza oven and a seating area, both with pergolas over. There is also a gated path to one side, giving access to the front, where the driveway offers parking for several vehicles.

The property is situated on the sought after Roundle Estate, which is a short walk to convenience stores, King George playing fields and less than half a mile from the beach and Felpham Village. The amenities the village has to offer include a good choice of schools, shops and public houses. There are also many recreational facilities including a sports centre with swimming pool, sailing and sports club. Barnham less than 5 miles away has a mainline train link to London with Arundel and Chichester located within a 10-mile radius. The nearby Goodwood Estate is renowned for the Festival of Speed, The Revival and Glorious Goodwood. The beautiful South Downs with its National Park status offer a host of leisure and outdoor pursuits and activities.

Agent Details

Bay Tree Estates, Felpham

01243 973380

Next Steps?

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