3 Bed Bungalow, Refurb/BRRR, Littlehampton, BN16 1BH, £310,000

18 Warren Crescent, East Preston, West Sussex BN16 1BH - 7 months ago

Sold STC
Refurb/BRRR
~90 m²
+8 photos

ValuationFair Value

Sold Prices£220K - £770K
Sold Prices/m²£3.1K/m² - £6.3K/m²

 

 

Square Metres

~90.30 m²
Price/m²£3.4K/m²

Value Estimate

£310,000

 

 

End Value (After Refurb)

£381,680

Uplift in Value

+23%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£77,500

Stamp Duty & Legal Fees

£19,700

Refurb Costs

£42,475

Bridging Loan Interest

£8,138

Total Cash In

£149,563

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£381,680

Mortgage (After Refinance)

£286,260

Mortgage LTV

75%

Cash Released

£53,760

Cash Left In

£95,803

Equity

£95,420

Rent Range

£1,325 - £1,800

Rent Estimate

£1,531

Running Costs/mo

£1,519

Cashflow/mo

£12

Cashflow/yr

£145

ROI

0%

Gross Yield

6%

Local Sold Prices

50 sold prices from £220K to £770K, average is £343.8K. £3.1K/m² to £6.3K/m², average is £3.8K/m².

PriceDateDistanceAddressBeds 
£408.5K02/210.03 mi17, Warren Crescent, East Preston, Littlehampton, West Sussex BN16 1BH3
£345K05/230.03 mi3, Warren Crescent, East Preston, Littlehampton, West Sussex BN16 1BH3
£347.5K01/210.05 mi79, Worthing Road, East Preston, Littlehampton, West Sussex BN16 1DE3
£345K04/230.08 mi28, Ambersham Crescent, East Preston, Littlehampton, West Sussex BN16 1AH3
£300K03/210.08 mi22, Ambersham Crescent, East Preston, Littlehampton, West Sussex BN16 1AH3
£325K11/220.11 mi69, Ambersham Crescent, East Preston, Littlehampton, West Sussex BN16 1AJ3
£220K12/200.11 mi69, Ambersham Crescent, East Preston, Littlehampton, West Sussex BN16 1AJ3
£267K11/200.11 mi19, Ambersham Crescent, East Preston, Littlehampton, West Sussex BN16 1AJ3
£265K05/210.11 mi69, Ambersham Crescent, East Preston, Littlehampton, West Sussex BN16 1AJ3
£365K12/220.12 mi31, Ambersham Crescent, East Preston, Littlehampton, West Sussex BN16 1AJ3
£396K11/220.12 mi60, Ambersham Crescent, East Preston, Littlehampton, West Sussex BN16 1AH3
£430K04/210.13 mi8, Clarence Drive, East Preston, Littlehampton, West Sussex BN16 1EH3
£285K08/230.13 mi40, Downs Way, East Preston, Littlehampton, West Sussex BN16 1AB3
£340K09/230.13 mi36, Downs Way, East Preston, Littlehampton, West Sussex BN16 1AB3
£285K07/210.14 mi36, Downs Way, East Preston, Littlehampton, West Sussex BN16 1AB3
£315K12/200.19 mi92, Roundstone Drive, East Preston, Littlehampton, West Sussex BN16 1ER3
£389K05/210.22 mi101, Roundstone Drive, East Preston, Littlehampton, West Sussex BN16 1EW3
£325K03/230.22 mi29, Cheviot Close, East Preston, Littlehampton, West Sussex BN16 1EX3
£390K05/230.23 mi32, Downs Way, East Preston, Littlehampton, West Sussex BN16 1AA3
£260K06/210.24 mi35, Roundstone Crescent, East Preston, Littlehampton, West Sussex BN16 1DG3
£285K02/230.24 mi51, Downs Way, East Preston, Littlehampton, West Sussex BN16 1AD3
£272K11/200.24 mi71, Downs Way, East Preston, Littlehampton, West Sussex BN16 1AD3
£275K06/230.24 mi47, Downs Way, East Preston, Littlehampton, West Sussex BN16 1AD3
£275K03/210.25 mi16, Cotswold Way, East Preston, Littlehampton, West Sussex BN16 1EU3
£342.5K09/230.25 mi29, Cotswold Way, East Preston, Littlehampton, West Sussex BN16 1EU3
£325K02/210.26 mi3, Limetree Close, East Preston, Littlehampton, West Sussex BN16 1JA3
£510K09/230.27 mi5, Hillview Crescent, East Preston, Littlehampton, West Sussex BN16 1RD3
£350K10/200.27 mi17, Hillview Crescent, East Preston, Littlehampton, West Sussex BN16 1RD3
£430K09/210.3 miMile Ash, Station Road, East Preston, Littlehampton, West Sussex BN16 3RB3
£585K05/210.32 mi74, North Lane, East Preston, Littlehampton, West Sussex BN16 1HE3
£330K06/210.32 mi110, North Lane, East Preston, Littlehampton, West Sussex BN16 1HE3
£370K04/210.33 mi10, Chiltern Close, East Preston, Littlehampton, West Sussex BN16 1RE3
£393K08/230.33 miSummerhaze, Chiltern Close, East Preston, Littlehampton, West Sussex BN16 1RE3
£570K06/210.34 mi111, North Lane, East Preston, Littlehampton, West Sussex BN16 1HB3
£522K11/200.34 mi113, North Lane, East Preston, Littlehampton, West Sussex BN16 1HB3
£675K08/210.35 mi4, Manor Close, East Preston, Littlehampton, West Sussex BN16 1JF3
£315K03/210.35 mi13, The Street, East Preston, Littlehampton, West Sussex BN16 1JL3
£300K05/210.36 mi9, North Lane, East Preston, Littlehampton, West Sussex BN16 1BN3
£435K11/220.36 mi2, Kenhurst, East Preston, Littlehampton, West Sussex BN16 1LL3
£355K01/230.36 mi5, Crundens Corner, Rustington, Littlehampton, West Sussex BN16 3RX3
£287.5K04/230.36 mi2, Crundens Corner, Rustington, Littlehampton, West Sussex BN16 3RX3
£346K07/230.37 mi52, The Leas, Rustington, Littlehampton, West Sussex BN16 3SE3
£580K03/230.38 mi79, North Lane, East Preston, Littlehampton, West Sussex BN16 1HD3
£297.5K05/210.38 mi4, Arlington Crescent, East Preston, Littlehampton, West Sussex BN16 1DL3
£770K01/230.38 mi1, Kerry Gardens, East Preston, Littlehampton, West Sussex BN16 1HQ3
£270K01/210.39 mi18, Eastern Close, East Preston, Littlehampton, West Sussex BN16 1BS3
£362K02/210.39 mi5, Eastern Close, East Preston, Littlehampton, West Sussex BN16 1BS3
£430K10/220.4 mi36, Angmering Way, Rustington, Littlehampton, West Sussex BN16 3RA3
£302K03/210.4 mi47, Angmering Way, Rustington, Littlehampton, West Sussex BN16 3RA3
£254K06/210.4 mi10a, Angmering Way, Rustington, Littlehampton, West Sussex BN16 3RA3

Local Rents

11 rents from £1.3K/mo to £1.8K/mo, average is £1.6K/mo.

RentDateDistanceAddressBeds 
£1,45012/240.26 miLimetree Close, East Preston, West Sussex, BN163
£1,80012/240.39 miBeechlands Close, East Preston, Littlehampton, West Sussex, BN163
£1,60004/240.41 mi-3
£1,60012/240.41 miRustington, Rustington, BN163
£1,45010/240.42 mi-3
£1,32512/240.45 miSheepfold Avenue, Rustington, BN163
£1,55012/240.45 miOld Worthing Road, East Preston, West Sussex3
£1,35004/230.47 mi-3
£1,55012/240.48 miPaddock Green, Rustington3
£1,70012/240.56 miFoxdale Drive Angmering BN163
£1,47012/240.6 miRoman Avenue, Angmering, West Sussex3

Local Area Statistics

Population in BN16

28,125

Population in Littlehampton

56,651

Town centre distance

1.79 miles away

Nearest school

0.20 miles away

Nearest train station

0.28 miles away

 

 

Rental growth (12m)

+13%

Sales demand

Balanced market

Capital growth (5yrs)

+16%

Property History

Price changed to £310,000

February 8, 2025

Listed for £325,000

September 26, 2024

Floor Plans

Description

  • Extended Semi-Detached Bungalow +
  • Three Bedrooms +
  • Lounge +
  • Spacious Kitchen +
  • Shower Room/W.C +
  • Enclosed South Facing Garden +
  • Private Driveway & Garage +
  • Gas Heating +
  • Popular Location +
  • No Onward Chain +

A fantastic opportunity to purchase this extended semi-detached bungalow, located in a popular area and offered for sale with no onward chain. This property boasts three spacious bedrooms, lounge with bay window, kitchen. shower room/w.c, and a south facing rear garden.

In need of some updating, this bungalow provides the perfect blank canvas for buyers looking to put their stamp on a property. The garage and driveway offer ample parking and storage space, In addition there is gas central heating and double glazing.

Summary - A fantastic opportunity to purchase this extended semi-detached bungalow, located in a popular area and offered for sale with no onward chain. This property boasts three spacious bedrooms, lounge with bay window, kitchen. shower room/w.c, and a south facing rear garden.

In need of some updating, this bungalow provides the perfect blank canvas for buyers looking to put their stamp on a property. The garage and driveway offer ample parking and storage space, In addition there is gas central heating and double glazing.

The property is conveniently situated on the immediate outskirts of the village centre, within just 0.5 mile of Angmering mainline railway station, which provides a regular service to London Victoria via Gatwick, as well as within close proximity to local shops at Station Parade and Downs Way. Furthermore, the renowned 700-bus route can be picked up along nearby The Street, and The Angmering School is found within only 1 mile.

East Preston is centrally situated on the West Sussex Coast almost midway between the cities of Chichester and Brighton, and just south of the A259, which provides a link to the larger neighbouring towns of Bognor Regis and Worthing.

Lounge - 4.34m x 3.45m (14'3 x 11'4) -

Kitchen - 3.73m x 2.77m (12'3 x 9'1) -

Bedroom - 3.58m x 3.38m (11'9 x 11'1) -

Bedroom - 5.38m x 2.77m (17'8 x 9'1) -

Bedroom - 4.45m x 2.18m (14'7 x 7'2) -

Shower Room - 2.39m x 1.70m (7'10 x 5'7) -

Garage - 5.44m x 2.59m (17'10 x 8'6) -

Agent Details

Glyn-Jones & Co, Rustington

01903 497288

Next Steps?

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