3 Bed Terraced House, Refurb/BRRR, Chichester, PO19 7NR, £299,950

Armadale Road, Chichester, West Sussex, PO19 7NR - 6 months ago

Sold STC
Refurb/BRRR
~93 m²
+3 photos

ValuationFair Value

Sold Prices£250K - £610K
Sold Prices/m²£1.7K/m² - £6.9K/m²

 

 

Square Metres

~93 m²
Price/m²£3.2K/m²

Value Estimate

£302,950

 

 

End Value (After Refurb)

£392,108

Uplift in Value

+31%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£74,988

Stamp Duty & Legal Fees

£12,696

Refurb Costs

£43,147

Bridging Loan Interest

£7,874

Total Cash In

£140,454

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Estimated Sale Price

£392,108

Agent Fees (1%)

£3,921

Bridging Loan

£224,963

Bridging Loan Interest

£7,874

Flip Profit

£22,770

Local Sold Prices

50 sold prices from £250K to £610K, average is £377.5K. £1.7K/m² to £6.9K/m², average is £4.2K/m².

PriceDateDistanceAddressBeds 
£330K03/240.02 mi25, Armadale Road, Chichester, West Sussex PO19 7NR3
£330K07/230.02 mi17, Armadale Road, Chichester, West Sussex PO19 7NR3
£380K02/210.08 mi93, St James Road, Chichester, West Sussex PO19 7HR3
£460K11/230.08 mi81, St James Road, Chichester, West Sussex PO19 7HR3
£400K03/210.09 mi49, Green Lane, Chichester, West Sussex PO19 7NP3
£357K12/220.1 mi13, Lime Close, Chichester, West Sussex PO19 6SW3
£335K11/230.1 mi2, Lime Close, Chichester, West Sussex PO19 6SW3
£322K01/230.1 mi22, Lime Close, Chichester, West Sussex PO19 6SW3
£290K02/210.11 mi121, Spitalfield Lane, Chichester, West Sussex PO19 6XE3
£375K02/230.11 miFlinders, Joys Croft, Chichester, West Sussex PO19 7NJ3
£415K12/230.11 miOrchard House, Joys Croft, Chichester, West Sussex PO19 7NJ3
£310K07/230.12 mi38, St James Road, Chichester, West Sussex PO19 7HT3
£430K11/220.12 mi36, St James Road, Chichester, West Sussex PO19 7HT3
£495K06/210.12 mi15, Green Lane, Chichester, West Sussex PO19 7NS3
£610K09/220.12 mi16, Green Lane, Chichester, West Sussex PO19 7NS3
£350K04/230.14 mi19, Harvester Close, Chichester, West Sussex PO19 6XF3
£250K04/240.16 mi27, St James Road, Chichester, West Sussex PO19 7HS3
£280K10/200.16 mi12, St James Road, Chichester, West Sussex PO19 7HU3
£285K10/200.17 mi8, Stephens Close, Chichester, West Sussex PO19 6TH3
£425K06/210.17 mi7, Guilden Road, Chichester, West Sussex PO19 7LA3
£429.9K06/210.18 mi30, Oving Road, Chichester, West Sussex PO19 7EN3
£470K11/210.18 mi21, Oving Road, Chichester, West Sussex PO19 7EH3
£495K11/220.18 mi59, Oving Road, Chichester, West Sussex PO19 7EN3
£407.5K12/200.19 mi224, Oving Road, Chichester, West Sussex PO19 7EJ3
£268.5K03/210.2 mi44, Adelaide Road, Chichester, West Sussex PO19 7NF3
£319.9K01/240.21 mi68, Adelaide Road, Chichester, West Sussex PO19 7NQ3
£500K04/230.21 mi39, Pound Farm Road, Chichester, West Sussex PO19 7PU3
£370K10/220.23 mi25, Pound Farm Road, Chichester, West Sussex PO19 7PX3
£315K06/210.24 mi32, Lewis Road, Chichester, West Sussex PO19 7LZ3
£410K11/200.24 mi48, Victoria Road, Chichester, West Sussex PO19 7HY3
£295K06/210.24 mi29, Lewis Road, Chichester, West Sussex PO19 7LZ3
£515K09/230.24 mi1, Lewis Road, Chichester, West Sussex PO19 7LZ3
£453K03/210.26 mi221, Whyke Road, Chichester, West Sussex PO19 7AH3
£395K11/200.28 mi20, Alexandra Road, Chichester, West Sussex PO19 7LX3
£440K10/200.29 mi22, Turnbull Road, Chichester, West Sussex PO19 7LY3
£495K06/210.31 mi13, Bognor Road, Chichester, West Sussex PO19 7TF3
£355K06/210.32 mi32, Bishopsgate Walk, Chichester, West Sussex PO19 6FG3
£425K11/210.33 mi146, Bognor Road, Chichester, West Sussex PO19 7TQ3
£375K10/230.33 mi132, Bognor Road, Chichester, West Sussex PO19 7TQ3
£340K10/230.33 mi51, Swanfield Drive, Chichester, West Sussex PO19 6GL3
£400K03/210.34 miThe Heathers, Lake Road, Chichester, West Sussex PO19 7TD3
£394K01/210.34 mi7, Lake Road, Chichester, West Sussex PO19 7TD3
£455K10/230.35 mi14, Peter Weston Place, Chichester, West Sussex PO19 7AP3
£370K06/210.35 mi46, Winden Avenue, Chichester, West Sussex PO19 7UZ3
£320K03/210.35 mi37, Winden Avenue, Chichester, West Sussex PO19 7UZ3
£255K01/210.35 mi25, Charles Avenue, Chichester, West Sussex PO19 7EY3
£305K06/210.35 mi17, Elizabeth Road, Chichester, West Sussex PO19 7JF3
£380K05/210.37 mi10, Ormonde Avenue, Chichester, West Sussex PO19 7UX3
£375K01/230.37 mi11, Ormonde Avenue, Chichester, West Sussex PO19 7UX3
£420K05/230.37 mi8, Ormonde Avenue, Chichester, West Sussex PO19 7UX3

Local Rents

29 rents from £1.1K/mo to £2.4K/mo, average is £1.5K/mo.

RentDateDistanceAddressBeds 
£1,45006/240.07 miArmadale Road, Chichester, PO193
£1,40008/240.1 miLime Close, Chichester3
£1,79507/240.13 miGreen Lane Chichester PO193
£1,59506/240.14 miRussell Street, Chichester, West Sussex, PO193
£1,35006/240.14 miHarvester Close, Chichester3
£1,59506/240.18 miSpitalfield Lane, Chichester, PO193
£1,75010/240.24 mi-3
£1,45006/240.26 miOving Terrace, Chichester3
£1,15006/240.32 miVelyn Avenue, Chichester3
£1,50006/240.32 miSpitalfield Lane Chichester West Sussex PO19 6SG3
£2,10007/240.32 miSt Pancras, Chichester3
£1,50008/240.35 miLake Road, Chichester3
£1,45006/240.35 miCharles Avenue Chichester PO193
£1,59507/240.36 miBishops Courtyard3
£1,59507/240.36 miChequers Place, Oving Road, Chichester3
£1,60007/240.38 miBradshaw Road, Chichester, PO193
£1,45006/240.39 miBishopsgate Walk, Chichester3
£1,35008/240.4 miOrmonde Avenue, Chichester, West Sussex3
£1,67507/240.4 miBaxendale Road, Chichester PO193
£1,35008/240.41 miChurch Road, Chichester3
£2,40009/240.42 miEast Walls Close, Chichester3
£1,37508/240.46 miWilliam Road, Chichester3
£1,85007/240.51 miFranklin Place Chichester PO193
£1,45007/240.52 miOving Road Chichester PO203
£1,72507/240.54 miIronstone Way, Chichester3
£1,50008/240.56 miPalmers Field Avenue, Chichester, West Sussex, PO193
£1,45008/240.56 miSt Peters, Chichester3
£1,65006/240.62 miNorth Street, Chichester3
£1,95008/240.62 mi3 bedroom Terraced House in Chichester3

Local Area Statistics

Population in PO19

30,184

Population in Chichester

75,877

Town centre distance

0.68 miles away

Nearest school

0.10 miles away

Nearest train station

0.91 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+44%

Sales demand

Balanced market

Capital growth (5yrs)

+11%

Property History

Listed for £299,950

October 2, 2024

Floor Plans

Description

  • Town Centre approx 1/2 mile Goodwood 5 miles West Wittering Beach 7 miles +
  • Hall Sitting Room Dining Room Kitchen +
  • 3 Bedrooms Bathroom +
  • Off-Road Parking for 2 Cars Long Garden +

An end-of-terrace, three bedroom family house in a quiet cul-de-sac on the eastern side of Chichester. The property is in need of significant renovation and refurbishment, but offers potential to create a lovely family home with off-street parking for two cars and a lovely long garden.

The house is within walking distance of the city centre, St Richards Hospital, and the university and college.

Armadale Road is a cul-de-sac and is very handy for Portfield Community Primary School. Adjacent to the primary school is a local store and sub-post office, whilst the city centre is a level walk of about half a mile. A nearby sports ground and children's play area can be found at Florence Park, whilst The Hornet, Chichester with its shops and food outlets is approximately a third of a mile away. The centre of the historic Cathedral City of Chichester is less than a mile away and offers a substantial range of shopping, cultural and leisure facilities including the renowned Festival Theatre, galleries, museums and restaurants. The beautiful South Downs National Park can be found to the north, whilst Chichester Harbour and the beaches at the Witterings can be found to the south. The property is ideally situated with easy access to the A27 bypass and the bus and train stations at the bottom of South Street.

Agent Details

Jackson-Stops, Chichester

01243 217440

Next Steps?

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