2 Bed Semi-Detached House, Refurb/BRRR, Chichester, PO19 6BA, £250,000

48 Broyle Road, Chichester, UK - 5 views - 7 months ago

Sold STC
Auction
Refurb/BRRR
ROI: 1%
~68 m²
+9 photos

ValuationFair Value

Sold Prices£215K - £735.8K
Sold Prices/m²£2.9K/m² - £10.3K/m²

 

 

Square Metres

~68.11 m²
Price/m²£3.7K/m²

Value Estimate

£255,000

 

 

End Value (After Refurb)

£283,528

Uplift in Value

+13%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£62,500

Stamp Duty & Legal Fees

£8,700

Refurb Costs

£31,600

Bridging Loan Interest

£6,563

Total Cash In

£111,113

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£283,528

Mortgage (After Refinance)

£212,646

Mortgage LTV

75%

Cash Released

£25,146

Cash Left In

£85,966

Equity

£70,882

Rent Range

£995 - £1,750

Rent Estimate

£1,284

Running Costs/mo

£1,163

Cashflow/mo

£121

Cashflow/yr

£1,454

ROI

1%

Gross Yield

6%

Local Sold Prices

50 sold prices from £215K to £735.8K, average is £358.1K. £2.9K/m² to £10.3K/m², average is £4.9K/m².

PriceDateDistanceAddressBeds 
£312.5K12/200.21 mi47, King George Gardens, Chichester, West Sussex PO19 6LB2
£355K11/230.29 mi153, Parklands Road, Chichester, West Sussex PO19 3ED2
£375K06/210.32 mi10, Cavendish Street, Chichester, West Sussex PO19 3BS2
£310K09/210.32 mi43, Cavendish Street, Chichester, West Sussex PO19 3BS2
£450K11/200.33 mi31, St Pauls Road, Chichester, West Sussex PO19 3BJ2
£365K03/240.33 mi37, Washington Street, Chichester, West Sussex PO19 3BN2
£325K10/230.33 mi25, Washington Street, Chichester, West Sussex PO19 3BN2
£420K11/220.34 mi14, Washington Street, Chichester, West Sussex PO19 3BN2
£296K05/210.34 mi26, Cavendish Street, Chichester, West Sussex PO19 3BT2
£417.5K03/240.4 mi12, Franklin Place, Chichester, West Sussex PO19 1BL2
£570K12/200.4 mi38, Franklin Place, Chichester, West Sussex PO19 1BL2
£400K02/210.4 mi36, Franklin Place, Chichester, West Sussex PO19 1BL2
£450K11/230.4 mi9, Franklin Place, Chichester, West Sussex PO19 1BL2
£360K02/230.4 mi40, Franklin Place, Chichester, West Sussex PO19 1BL2
£396K02/210.4 mi5a, Northgate, Chichester, West Sussex PO19 1BA2
£440K12/220.41 mi5a, Northgate, Chichester, West Sussex PO19 1BA2
£520K11/220.41 mi31, Franklin Place, Chichester, West Sussex PO19 1BL2
£310K01/230.42 mi198, Orchard Street, Chichester, West Sussex PO19 1DF2
£305K06/210.43 mi23, North Walls, Chichester, West Sussex PO19 1BY2
£317.5K04/230.43 mi24, North Walls, Chichester, West Sussex PO19 1BY2
£377.5K03/240.43 mi4, Priory Lane, Chichester, West Sussex PO19 1NL2
£430K11/220.43 mi13, Hawthorn Close, Chichester, West Sussex PO19 3DZ2
£290K09/210.43 mi8, Montagu Road, Chichester, West Sussex PO19 3NT2
£412.5K06/210.43 mi15, Hawthorn Close, Chichester, West Sussex PO19 3DZ2
£378K11/220.44 mi53, Bishopsgate Walk, Chichester, West Sussex PO19 6FQ2
£345K03/240.44 mi54, Bishopsgate Walk, Chichester, West Sussex PO19 6FQ2
£345K06/210.45 mi11, Oak Avenue, Chichester, West Sussex PO19 3AH2
£302.7K07/230.46 mi46, Graylingwell Drive, Chichester, West Sussex PO19 6AN2
£375K11/230.48 mi118, Orchard Street, Chichester, West Sussex PO19 1DE2
£320K04/240.48 mi128, Orchard Street, Chichester, West Sussex PO19 1DE2
£400K07/230.48 mi122, Orchard Street, Chichester, West Sussex PO19 1DE2
£690K07/230.48 mi38, Cedar Drive, Chichester, West Sussex PO19 3EQ2
£350K07/230.5 mi34, Lloyd Road, Chichester, West Sussex PO19 6AZ2
£300K03/210.5 mi34, Lloyd Road, Chichester, West Sussex PO19 6AZ2
£343K12/230.5 mi40, Lloyd Road, Chichester, West Sussex PO19 6AZ2
£280K07/230.52 mi2, Winterbourne Road, Chichester, West Sussex PO19 6PA2
£645K11/200.55 mi5a, St Martins Square, Chichester, West Sussex PO19 1NT2
£215K10/210.56 mi15, Berkeley Mews, Chichester, West Sussex PO19 7WS2
£735.8K03/210.56 mi8a, St Martins Square, Chichester, West Sussex PO19 1NR2
£345K08/230.57 mi27, Palmers Field Avenue, Chichester, West Sussex PO19 6YE2
£278K01/210.57 mi78, Winterbourne Road, Chichester, West Sussex PO19 6PB2
£235K11/230.57 mi79, Winterbourne Road, Chichester, West Sussex PO19 6PB2
£425K03/210.58 mi46, Spitalfield Lane, Chichester, West Sussex PO19 6SH2
£340K08/230.58 mi17, Durnford Close, Chichester, West Sussex PO19 3AG2
£320K02/210.58 mi24, Durnford Close, Chichester, West Sussex PO19 3AG2
£280K01/210.59 mi13, Melbourne Road, Chichester, West Sussex PO19 7NE2
£356.1K03/210.6 mi32, Melbourne Road, Chichester, West Sussex PO19 7ND2
£365K12/200.6 mi52, Parklands Road, Chichester, West Sussex PO19 3DT2
£650K03/210.6 mi28, Little London, Chichester, West Sussex PO19 1PB2
£550K09/230.61 mi47, Parklands Road, Chichester, West Sussex PO19 3DX2

Local Rents

49 rents from £995/mo to £1.8K/mo, average is £1.3K/mo.

RentDateDistanceAddressBeds 
£1,35006/240.2 miCharlotte Avenue, Chichester2
£1,30008/240.24 mi7 Wolfe Close, Chicheste2
£1,20008/240.25 miFestival Court, Chichester2
£1,30007/240.26 miWolfe Close, Chichester2
£1,15003/250.26 mi-2
£1,25007/240.27 mi-2
£1,20007/240.27 miPaulus Court, Somerstown2
£1,50008/240.31 mi-2
£1,50012/240.31 mi-2
£1,50007/240.31 miCavendish Street, Chichester, PO192
£1,25007/240.35 miMcNeil House, Charlotte Avenue, Rousillon Park, Chichester, PO192
£1,25007/240.35 mi-2
£1,30003/250.35 mi-2
£1,55007/240.37 mi2 bedroom End Terrace House in Chichester2
£1,35008/240.42 miFranklin Place, Chichester2
£1,25008/240.45 miLongley Road, Graylingwell Park, Chichester2
£1,38007/240.45 miOrchard Street, Chichester, PO192
£1,38008/240.45 mi-2
£1,20008/240.46 miHawthorn Close, Chichester2
£1,25009/240.47 miHawthorn Close, Chichester2
£1,29507/240.47 miJubilee Road, Chichester PO192
£1,25007/240.47 miHawthorn Close, Chichester2
£1,40007/240.49 miLloyd Road, Chichester2
£1,40007/240.49 miLloyd Road, Chichester2
£1,25007/240.5 miLongley Road, Chichester, PO192
£1,29509/240.5 miLongley Road, Chichester, PO192
£1,35004/250.5 mi-2
£1,35008/240.51 miThe Lane, Chichester2
£1,75007/240.51 miHighland Road, Chichester2
£1,25007/240.53 miLavant Road, Chichester, PO192
£1,25006/240.55 miNorth Close 2
£1,19512/240.55 mi-2
£1,27508/240.55 miBaxendale Road, Chichester2
£1,30008/240.56 miBaxendale Road, Chichester, PO192
£1,25004/250.56 mi-2
£1,19506/240.57 mi-2
£1,19506/240.57 mi-2
£1,25007/240.57 miBewick Gardens, Chichester2
£1,20012/240.57 mi-2
£1,19506/240.57 mi-2
£1,29507/240.58 miDurnford Close, Chichester2
£1,39505/240.58 mi-2
£1,20007/240.59 miBewick Gardens Chichester PO192
£1,19506/240.59 mi-2
£99507/240.59 miNewlands Lane, Chichester2
£1,12506/240.59 mi-2
£1,30008/240.59 mi2 bedroom First Floor Flat in Chichester2
£1,19507/240.59 mi-2
£1,25007/240.6 mi-2

Local Area Statistics

Population in PO19

30,184

Population in Chichester

75,877

Town centre distance

0.64 miles away

Nearest school

0.20 miles away

Nearest train station

0.98 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+44%

Sales demand

Balanced market

Capital growth (5yrs)

+11%

Property History

Listed for £250,000

September 30, 2024

Floor Plans

Description

  • Sold via 'Secure Sale' - End date 31/10/24 +
  • Immediate 'Exchange of Contracts' available +
  • No forward chain +
  • Semi-detached house +
  • Close to city centre +
  • Two bedrooms +
  • Updating and modernisation required +
  • Two garages & parking +

Sold via Secure Sale online bidding - end date 31/10/24. Terms & Conditions apply. Starting Bid £250,000 Offered for sale with vacant possession, this semi-detached house offers great scope and benefits from a west facing garden, with parking and two garages at the end. It is located just to the north of the city centre, within a short walk of the Festival Theatre, and overlooks Oaklands Park to the front. The house is in need of updating and modernising however does retain some period features including wooden floor boards, picture rails and feature fireplaces. There are two reception rooms on the ground floor along with a kitchen needing complete refurbishment. Completing the ground floor accommodation is a cloakroom. On the first floor there are two bedrooms with the main bedroom overlooking Oaklands Park. There is also a large bathroom. Outside, there is a small low wall front garden and path leading down the side of the property to the rear. The rear garden is main laid to lawn with mature shrub borders. There is a pedestrian gate at the rear leading to the garages. The garages to the rear can be reached via Little Breach. On entering Little Breach take the second cul-de-sac on the right and in the left hand corner pass the garages and turn left where you will find the garage to the property straight ahead. what3words.com/drag.zone.decreased. The garages are located in a compound owned by CDC, they currently charge an annual license fee of £55. The garages themselves are privately owned as part of the main property. Chichester District Council - 24/25 Tax Band E £2,719.56 Auctioneers Additional Comments Pattinson Auction are working in Partnership with the marketing agent on this online auction sale and are referred to below as 'The Auctioneer'.  This auction lot is being sold either under conditional (Modern) or unconditional (Traditional) auction terms and overseen by the auctioneer in partnership with the marketing agent.  The property is available to be viewed strictly by appointment only via the Marketing Agent or The Auctioneer. Bids can be made via the Marketing Agents or via The Auctioneers website. Please be aware that any enquiry, bid or viewing of the subject property will require your details being shared between both any marketing agent and The Auctioneer in order that all matters can be dealt with effectively.  The property is being sold via a transparent online auction.  In order to submit a bid upon any property being marketed by The Auctioneer, all bidders/buyers will be required to adhere to a verification of identity process in accordance with Anti Money Laundering procedures. Bids can be submitted at any time and from anywhere.  Our verification process is in place to ensure that AML procedure are carried out in accordance with the law.  A Legal Pack associated with this particular property is available to view upon request and contains details relevant to the legal documentation enabling all interested parties to make an informed decision prior to bidding. The Legal Pack will also outline the buyers’ obligations and sellers’ commitments. It is strongly advised that you seek the counsel of a solicitor prior to proceeding with any property and/or Land Title purchase. Auctioneers Additional Comments In order to secure the property and ensure commitment from the seller, upon exchange of contracts the successful bidder will be expected to pay a non-refundable deposit equivalent to 5% of the purchase price of the property. The deposit will be a contribution to the purchase price. A nonrefundable reservation fee of up to 6% inc VAT (subject to a minimum of 6,000 inc VAT) is also required to be paid upon agreement of sale. The Reservation Fee is in addition to the agreed purchase price and consideration should be made by the purchaser in relation to any Stamp Duty Land Tax liability associated with overall purchase costs.  Both the Marketing Agent and The Auctioneer may believe necessary or beneficial to the customer to pass their details to third party service suppliers, from which a referral fee may be obtained. There is no requirement or indeed obligation to use these recommended suppliers or services. NB: Henry Adams are working in conjunction with Pattinson Auction and the method of sale is Modern Method of Auction. For more information please contact our office on . Proceed north along the A286 Broyle Road (signposted to Midhurst). After approximately 0.3 of a mile, the property is on the left. what3words.com/edgy.pocket.kinks

EPC Rating: G Parking - Garage

Agent Details

Henry Adams, Chichester

01243 973395

Next Steps?

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