2 Bed Flat, Single Let, Bognor Regis, PO21 2PN, £160,000

Aldwick Road, Bognor Regis, PO21 2PN - 6 months ago

Sold STC
Leasehold
BTL
ROI: 5%
~68 m²
+5 photos

ValuationUndervalued

Sold Prices£110K - £367K
Sold Prices/m²£1.5K/m² - £6K/m²

 

 

Square Metres

~68.11 m²
Price/m²£2.3K/m²

Value Estimate

£195,190
BMV22%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£40,000

Stamp Duty & Legal Fees

£6,000

Total Cash In

£46,000

 

 

Cash Out

 

Rent Range

£850 - £2,500

Rent Estimate

£893

Running Costs/mo

£699

Cashflow/mo

£194

Cashflow/yr

£2,333

ROI

5%

Gross Yield

7%

Local Sold Prices

50 sold prices from £110K to £367K, average is £194K. £1.5K/m² to £6K/m², average is £2.9K/m².

PriceDateDistanceAddressBeds 
£184K11/200.08 miFlat 8, Elizabeth Court, Park Terrace, Bognor Regis, West Sussex PO21 2NH2
£180K12/210.14 mi68, Rock Gardens, Bognor Regis, West Sussex PO21 2LF2
£245K11/230.14 mi58, Rock Gardens, Bognor Regis, West Sussex PO21 2LF2
£205K08/230.14 miFlat 8, Harrington House, Nyewood Lane, Bognor Regis, West Sussex PO21 2UG2
£367K12/200.14 mi2, Norfolk Place, Bognor Regis, West Sussex PO21 1XF2
£215K04/210.18 miFlat 11, Marine Park, Nyewood Lane, Bognor Regis, West Sussex PO21 2QN2
£280K12/220.18 miFlat 38, Marine Park, Nyewood Lane, Bognor Regis, West Sussex PO21 2QN2
£180K03/210.19 miFlat 4, Barklye House, Sylvan Way, Bognor Regis, West Sussex PO21 2RS2
£235K06/210.19 mi121, Aldwick Road, Bognor Regis, West Sussex PO21 2NY2
£190K11/200.2 miFlat 1, Clarehaven Court, Wessex Avenue, Bognor Regis, West Sussex PO21 2QW2
£230K01/210.22 miFlat 5, Swansea House, West Street, Bognor Regis, West Sussex PO21 1XH2
£210K02/230.22 miFlat 3, Red Ridges, Kings Parade, Bognor Regis, West Sussex PO21 2TS2
£170K02/210.26 miFlat 12, Courtfield House, Hambledon Place, Bognor Regis, West Sussex PO21 2NF2
£152K05/210.28 miFlat 1, Arlington Mews, Scott Street, Bognor Regis, West Sussex PO21 1FE2
£245K07/230.3 miFlat 5, Steyne Hall, The Steyne, Bognor Regis, West Sussex PO21 1TX2
£210K09/210.31 mi100, Kyoto Court, Bognor Regis, West Sussex PO21 2UJ2
£110K06/230.31 mi10, Kyoto Court, Bognor Regis, West Sussex PO21 2UJ2
£175K11/210.32 miFlat 6, Sutherland Court, Sutherland Close, Bognor Regis, West Sussex PO21 1DX2
£170K06/210.32 miFlat 2, Gothic House, The Steyne, Bognor Regis, West Sussex PO21 1TP2
£215K01/230.34 mi1, Steyne Street, Bognor Regis, West Sussex PO21 1TJ2
£140K06/210.34 mi3, Manor Place, Bognor Regis, West Sussex PO21 1TB2
£365K06/230.34 mi6, Burngreave Court, Bognor Regis, West Sussex PO21 2TZ2
£150K11/210.37 miFlat 70, Seaward Court, West Street, Bognor Regis, West Sussex PO21 1XJ2
£120K12/200.37 miFlat 2, Seaward Court, West Street, Bognor Regis, West Sussex PO21 1XJ2
£182K05/230.4 mi42, Kyoto Court, Bognor Regis, West Sussex PO21 2UL2
£140K03/210.4 mi66, Kyoto Court, Bognor Regis, West Sussex PO21 2UL2
£120K04/210.4 mi10, Kyoto Court, Bognor Regis, West Sussex PO21 2UJ2
£170K11/200.49 mi39b, Linden Road, Bognor Regis, West Sussex PO21 2AP2
£192K12/200.49 mi2, Parklands Avenue, Bognor Regis, West Sussex PO21 2BA2
£190K07/240.49 miThe Hawthorns, Flat 15, Linden Road, Bognor Regis, West Sussex PO21 2AS2
£160K06/210.51 miFlat 24, Gilwynes Court, Gilwynes, Bognor Regis, West Sussex PO21 3SQ2
£310K03/230.52 miFlat 71, Mountbatten Court, Belmont Street, Bognor Regis, West Sussex PO21 1JW2
£196K06/210.52 miFlat 57, Mountbatten Court, Belmont Street, Bognor Regis, West Sussex PO21 1JW2
£185K11/200.52 miFlat 56, Mountbatten Court, Belmont Street, Bognor Regis, West Sussex PO21 1JW2
£250K08/230.52 miFlat 76, Mountbatten Court, Belmont Street, Bognor Regis, West Sussex PO21 1JW2
£235K07/240.54 miMountbatten Court, Flat 27, Belmont Street, Bognor Regis, West Sussex PO21 1JN2
£200K03/210.55 miFlat 2, Mountbatten Court, Belmont Street, Bognor Regis, West Sussex PO21 1JN2
£220K07/210.6 mi45, Annandale Avenue, Bognor Regis, West Sussex PO21 2ES2
£162K09/230.61 mi6a, Waverley Road, Bognor Regis, West Sussex PO21 5NB2
£218K10/210.68 miFlat 12, Trotyn Croft, Aldwick Felds, Bognor Regis, West Sussex PO21 3TX2
£355K06/230.69 miFlat 25, Berkeley Court, The Esplanade, Bognor Regis, West Sussex PO21 1LX2
£330K09/210.69 miFlat 20, Berkeley Court, The Esplanade, Bognor Regis, West Sussex PO21 1LX2
£135K01/210.7 miFlat 5, Glamis Court, Glamis Street, Bognor Regis, West Sussex PO21 1DR2
£200K12/230.73 miSabey Court, Flat 5, Albert Road, Bognor Regis, West Sussex PO21 1LU2
£230K02/240.73 miSabey Court, Flat 1, Albert Road, Bognor Regis, West Sussex PO21 1LU2
£243.5K02/230.73 miGround Floor Flat, 59, Annandale Avenue, Bognor Regis, West Sussex PO21 2ET2
£205K09/210.73 miFlat 1, Sabey Court, Albert Road, Bognor Regis, West Sussex PO21 1LU2
£115K11/200.74 mi11, Carlingford Court, Bognor Regis, West Sussex PO21 2EN2
£127K11/200.74 miFlat 8, Claremont Court, Campbell Road, Bognor Regis, West Sussex PO21 1HD2
£110K09/230.74 miFlat 12, Claremont Court, Campbell Road, Bognor Regis, West Sussex PO21 1HD2

Local Rents

51 rents from £850/mo to £2.5K/mo, average is £1.1K/mo.

RentDateDistanceAddressBeds 
£1,10006/240 miAldwick Road, BOGNOR REGIS2
£1,10007/240 miAldwick Road Bognor Regis PO212
£1,10006/240.05 miPark Road, Bognor Regis, West Sussex, PO212
£1,20006/240.05 miPark Road Bognor Regis PO212
£1,25006/240.07 miWood Street, Bognor Regis, West Sussex, PO212
£1,30006/240.08 miPark Terrace, Bognor Regis2
£1,40007/240.08 miPark Terrace, BOGNOR REGIS2
£1,20007/240.09 miNyewood Place, Bognor Regis, PO212
£1,45006/240.09 miVictoria Road South, Bognor Regis, PO212
£1,30007/240.12 miMarine Parade Aldwick Bognor Regis West Sussex2
£1,20006/240.14 miMarine Park, Nyewood Lane, Bognor Regis, PO212
£1,05006/240.15 miNorfolk Square, Bognor Regis2
£1,17012/240.15 mi-2
£1,73502/250.15 mi-2
£1,20006/240.15 miGrafton, Norfolk Square, Bognor Regis, PO212
£1,07507/240.19 miRichmond Avenue, Bognor Regis, West Sussex, PO212
£1,25006/240.2 miPrincess Avenue, Aldwick, Bognor Regis, PO212
£94506/240.22 miCavendish Road, Bognor Regis2
£1,10007/240.27 miWest Street, Bognor Regis, West Sussex2
£95001/250.27 mi-2
£2,50011/240.28 mi-2
£1,29507/240.29 miRoyal Hotel, The Esplanade, Bognor Regis, PO212
£1,10007/240.32 miThe Steyne, PO212
£1,45006/240.34 miThe Esplanade Bognor Regis PO212
£95007/240.34 miManor Place, Bognor Regis2
£1,20006/240.35 miSteyne Street, Bognor Regis, West Sussex, PO212
£1,00006/240.4 miBurnham Avenue, BOGNOR REGIS2
£92502/250.41 mi-2
£95007/240.41 miBurnham Avenue, Bognor Regis, PO212
£92507/240.45 miFitzleet House Queensway BOGNOR REGIS West Sussex2
£97507/240.45 miFitzleet House Queensway BOGNOR REGIS West Sussex2
£1,15006/240.46 miMerchant Street, Bognor Regis2
£1,05007/240.47 miCanada Grove, Bognor Regis, PO212
£85006/240.51 mi-2
£87506/240.51 mi-2
£89502/250.51 mi-2
£89507/240.51 miLinden Road, Bognor Regis, PO212
£1,25006/240.52 miBelmont Street, Bognor Regis, PO21 1JW2
£97506/240.53 miRegis House, Richmond Road, Bognor Regis, PO212
£1,25007/240.55 miEversley Court, Aldwick Avenue, Bognor Regis, PO212
£1,49506/240.57 miEversley Court, Aldwick Avenue, Bognor Regis, PO212
£1,10006/240.57 miLondon Road, Bognor Regis2
£1,60007/240.57 miAldwick 2
£1,15007/240.58 mi-2
£1,15007/240.58 mi-2
£97507/240.59 miLongford Road, BOGNOR REGIS2
£1,25007/240.59 miVictoria Drive, Bognor Regis, West Sussex, PO212
£99512/240.61 mi-2
£1,00002/250.61 mi-2
£1,00007/240.61 miHills Court, Bognor Regis, PO212
£1,20007/240.61 miSudley Road, Bognor Regis, West Sussex, PO212

Local Area Statistics

Population in PO21

39,509

Population in Bognor Regis

68,380

Town centre distance

0.71 miles away

Nearest school

0.60 miles away

Nearest train station

0.55 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+28%

Sales demand

Balanced market

Capital growth (5yrs)

+19%

Property History

Listed for £160,000

September 24, 2024

Floor Plans

Description

  • 2nd Floor Apartment +
  • Open-Plan Lounge/Kitchen/Dining Area +
  • 2 Double Bedrooms +
  • Modern Bathroom +
  • uPVC Double Glazing and Gas Central Heating +
  • Allocated Parking Space +
  • New Lease +
  • No Forward Chain +
  • Conveniently Situated Within 100 Yards of Local Shops and Bus Routes +

Welcome to this delightful Apartment located in a section of Aldwick Road known as The Broadway, in the picturesque town of Bognor Regis. This delightful flat boasts an open-plan Living Area of Lounge, Dining Area and Kitchen, perfect for relaxing or entertaining guests. With two Double Bedrooms, there's plenty of space for a small family or guests to stay over. The property features a well-maintained Bathroom, offering convenience and comfort.

Originally built in the 1930s, and then remodelled in 2011, this property spans across 644 square feet and there is ample room to personalise and make it your own. The property also includes an allocated parking space for one vehicle in a private car park to the rear, ensuring convenience for residents with a car.

Offered to the market with NO FORWARD CHAIN, this flat offers a wonderful opportunity to own a piece of history in a vibrant community, or to let out for a healthy return. Don't miss out on the chance to make this lovely property your new home in Bognor Regis.

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 ae 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 planning approval/building regulations where a property has been extended. These particulars do not constitute or form part of an offer or contract, nor may they be regarded as representations.

Agent Details

Farndell Estate Agents, Bognor Regis

01243 217445

Next Steps?

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