3 Bed Bungalow, Single Let, Bognor Regis, PO22 6LL, £400,000

2 Lane End Road, Bognor Regis, West Sussex, PO22 6LL - 6 months ago

Sold STC
BTL
78 m²
+7 photos

ValuationOvervalued

Sold Prices£222K - £758.3K
Sold Prices/m²£2.4K/m² - £6.4K/m²

 

 

Square Metres

78 m²
Price/m²£5.1K/m²

Value Estimate

£302,523

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£100,000

Stamp Duty & Legal Fees

£20,700

Total Cash In

£120,700

 

 

Cash Out

 

Rent Range

£100 - £3,250

Rent Estimate

£696

Running Costs/mo

£1,409

Cashflow/mo

£-713

Cashflow/yr

£-8,558

Gross Yield

2%

Local Sold Prices

42 sold prices from £222K to £758.3K, average is £353.5K. £2.4K/m² to £6.4K/m², average is £3.9K/m².

PriceDateDistanceAddressBeds 
£395K06/210 mi9, Lane End Road, Bognor Regis, West Sussex PO22 6LL3
£360K06/210.06 mi17, Lodge Close, Bognor Regis, West Sussex PO22 6NF3
£350K01/210.09 mi5, Lodge Close, Bognor Regis, West Sussex PO22 6NF3
£315K02/230.09 mi22, Lane End Road, Bognor Regis, West Sussex PO22 6LT3
£325K05/210.16 mi3, North Avenue, Bognor Regis, West Sussex PO22 6HF3
£415K02/240.16 mi3, Kingsmead Road, Bognor Regis, West Sussex PO22 6NE3
£370K07/230.16 mi1, Kingsmead Road, Bognor Regis, West Sussex PO22 6NE3
£379.9K05/210.16 mi3, Kingsmead Road, Bognor Regis, West Sussex PO22 6NE3
£310K11/200.17 mi7a, Main Drive, Bognor Regis, West Sussex PO22 7TN3
£567.5K05/230.18 mi50, Southdean Close, Bognor Regis, West Sussex PO22 7TH3
£375K07/210.22 mi23, Sunnymead Close, Bognor Regis, West Sussex PO22 6LS3
£240K05/230.22 mi12, Sunnymead Close, Bognor Regis, West Sussex PO22 6LS3
£265K10/200.23 mi3, Douglas Close, Bognor Regis, West Sussex PO22 7UE3
£469K05/230.26 mi8, Norfolk Way, Bognor Regis, West Sussex PO22 6JF3
£325K07/230.26 mi5, Lucking Lane, Bognor Regis, West Sussex PO22 6HP3
£365K06/230.26 mi24, Lucking Lane, Bognor Regis, West Sussex PO22 6HP3
£310K03/210.26 mi7, Alfred Close, Bognor Regis, West Sussex PO22 7UF3
£675K04/230.28 mi5, Southdean Drive, Bognor Regis, West Sussex PO22 7TA3
£365K11/220.34 mi3, Manor Way, Elmer, Bognor Regis, West Sussex PO22 6LA3
£375K12/200.4 mi2, Hampden Close, Bognor Regis, West Sussex PO22 7SN3
£405K08/210.4 mi7, Hampden Close, Bognor Regis, West Sussex PO22 7SN3
£758.3K11/210.41 mi12, Harefield Road, Bognor Regis, West Sussex PO22 6EB3
£485K02/210.46 mi12, Beaconsfield Close, Bognor Regis, West Sussex PO22 7SH3
£650K12/220.49 miElm Tree Cottage, Yapton Road, Middleton On Sea, Bognor Regis, West Sussex PO22 6DX3
£415K09/230.5 miRiseley Cottage, Yapton Road, Middleton On Sea, Bognor Regis, West Sussex PO22 6DX3
£450K06/210.5 mi18, Sea Way, Elmer, Bognor Regis, West Sussex PO22 6JY3
£515K02/240.57 miBox Cottage, Sundale Lane, Bognor Regis, West Sussex PO22 6DS3
£308.5K07/230.66 mi39, Ilex Way, Middleton On Sea, Bognor Regis, West Sussex PO22 6PE3
£297K04/210.69 mi47, Ilex Way, Bognor Regis, West Sussex PO22 6PN3
£325K06/230.7 mi58, Silver Birch Drive, Bognor Regis, West Sussex PO22 6SJ3
£275K01/210.76 mi2, Marlowe Close, Bognor Regis, West Sussex PO22 6RZ3
£287.5K05/230.81 mi14, Templars Close, Bognor Regis, West Sussex PO22 6RU3
£222K11/200.82 mi26, Merlin Way, Bognor Regis, West Sussex PO22 6RN3
£240K11/200.85 mi8, Montgomery Drive, Bognor Regis, West Sussex PO22 6RE3
£264.7K05/210.85 mi9, Montgomery Drive, Bognor Regis, West Sussex PO22 6RS3
£295K09/230.85 mi9, Montgomery Drive, Bognor Regis, West Sussex PO22 6RS3
£295K03/240.89 mi22, Kynon Gardens, Bognor Regis, West Sussex PO22 6RF3
£257.5K09/210.91 mi7, Baldwin Close, Bognor Regis, West Sussex PO22 6RQ3
£425K12/210.94 mi105, Flansham Park, Bognor Regis, West Sussex PO22 6RD3
£230K12/200.97 mi69, Flansham Park, Bognor Regis, West Sussex PO22 6QN3
£357K09/210.97 mi11, Leverton Avenue, Bognor Regis, West Sussex PO22 7RA3
£275K12/230.97 mi29, Pulborough Way, Bognor Regis, West Sussex PO22 6QR3

Local Rents

50 rents from £100/mo to £3.3K/mo, average is £1.2K/mo.

RentDateDistanceAddressBeds 
£10006/240.09 miElmer Road, Bognor Regis1
£97507/240.1 miElmer Road, BOGNOR REGIS2
£1,20012/240.14 mi-2
£1,89506/240.2 miAncton Close, Elmer, Bognor Regis, PO223
£2,75008/240.2 miElmer Road, Elmer4
£92506/240.21 mi154-160 Elmer Road, Bognor Regis, PO221
£1,20007/240.26 miAlfred Close, Bognor Regis2
£82502/250.31 mi-2
£89502/250.31 mi-2
£1,19507/240.35 miHarefield Gardens, Middleton on Sea2
£2,75006/240.48 mi7 Sea Way, Elmer, Bognor Regis, PO22 6JX3
£3,25006/240.48 miAncton Way, Bognor Regis4
£1,00007/240.52 miSea Close, Bognor Regis1
£95008/240.52 miSea Close Bognor Regis PO221
£3,25006/240.54 miAncton Way, Elmer, Bognor Regis, PO224
£95007/240.58 miMiddleton-on-Sea, Bognor Regis, PO221
£1,59507/240.59 miJuniper Close, Middleton-On-Sea3
£1,25007/240.62 miSilver Birch Drive, Middleton On Sea, Bognor Regis, PO222
£1,20007/240.62 miSilver Birch Drive, Middleton On Sea, Bognor Regis, PO222
£85006/240.66 miSatinwood Close, Middleton-On-Sea, PO221
£1,22508/240.7 miMiddleton-On-Sea2
£1,20007/240.9 miBaldwin Close, Bognor Regis2
£1,25008/240.94 miHenfield Way, Bognor Regis, PO222
£1,25008/240.94 miHenfield Way, Felpham, Bognor Regis, PO222
£1,55001/250.96 mi-3
£1,30007/241.03 miFindon Drive, PO223
£2,99508/241.08 miCrossbush Road, Felpham, Bognor Regis, PO224
£1,15007/241.16 miFittleworth Drive, BOGNOR REGIS2
£1,20009/241.3 miSloe Gardens, Felpham2
£1,80006/241.3 miNorthwyke Road, BOGNOR REGIS3
£1,10007/241.32 miNorthwyke Close, Bognor Regis2
£1,10007/241.32 miNorthwyke Close, Bognor Regis2
£1,70007/241.36 miThistle Copse Felpham PO223
£1,85006/241.39 miBlackthorn Avenue, Felpham4
£1,29506/241.41 miSouthview Road, Bognor Regis, PO222
£1,45007/241.46 miBlackberry Copse, Felpham3
£87506/241.46 miFelpham Way, Felpham2
£1,29506/241.51 miSummerley Point, Summerley Lane, Felpham, PO222
£2,50006/241.55 miThe Beach House5
£1,40006/241.56 miHaywards Close, Bognor Regis, PO223
£1,60009/241.57 miOuterwyke Road, Bognor Regis3
£87508/241.57 miBroomfield Way, Felpham, Bognor Regis, PO221
£1,29512/241.6 miDouglas Close, Ford, Arundel3
£68407/241.61 miBroom Field Way, Bognor Regis, PO221
£69906/241.61 mi-1
£70006/241.61 mi-1
£69601/241.61 mi-1
£85007/241.61 miMeaden Way, Felpham, Bognor Regis, West Sussex, PO221
£1,70012/241.64 miMay Close, Climping3
£1,60012/241.66 miWaterford Gardens, Climping3

Local Area Statistics

Population in PO22

28,866

Population in Bognor Regis

68,380

Town centre distance

2.91 miles away

Nearest school

1.10 miles away

Nearest train station

2.83 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-14%

Sales demand

Balanced market

Capital growth (5yrs)

+17%

Property History

Listed for £400,000

October 7, 2024

Sold for £330,000

2019

Sold for £335,000

2018

Sold for £82,000

1997

Sold for £59,000

1996

Floor Plans

Description

  • No Chain +
  • Three Bedroom Detached Bungalow +
  • Modern Finish Throughout +
  • Double Aspect Living/Dining Room +
  • Stylish Kitchen With Integral Appliances +
  • Two Large Double Bedrooms +
  • Sleek Four Piece Bathroom +
  • Sunny Rear Garden +
  • Garage & Driveway +
  • Elmer Beach & Local Amenities Within 300m +

*No Chain*

Here we have a beautifully presented three bedroom detached bungalow located only 300m from the popular Elmer Beach.

The bungalow is ready to move in and has been recently decorated by the current owner. The accommodation comprises of a brilliant double aspect stylish living/dining room with media wall. There is modern kitchen that is well equipped with integral appliances and access to the side.

The master and second bedroom are two brilliant sized rooms both with bay windows to maximise space and the third bedroom is a single room with wardrobe space. To complete the bungalow there is a sleek four piece bathroom with underfloor heating.

To the rear is an easy to manage sunny garden with raised flower bed areas, there is access to the garage and parking to the side.

A driveway to the front and side of the bungalow gives parking for several cars and part is gated for security. A pleasant front garden greets you.

Within walking distance of the bungalow is Elmer Beach, a local shop, popular pub and bus links into Bognor Regis.

Sales Disclaimer:

Successful buyers will be required to complete online identity checks provided by Lifetime Legal. The cost of these checks is £80 inc. VAT per purchase which is paid in advance, directly to Lifetime Legal. This charge verifies your identity in line with our obligations as agreed with HMRC and includes mover protection insurance to protect against the cost of an abortive purchase.

These particulars are believed to be correct and have been verified by or on behalf of the Vendor. However any interested party will satisfy themselves as to their accuracy and as to any other matter regarding the Property or its location or proximity to other features or facilities which is of specific importance to them. Distances and areas are only approximate and unless otherwise stated fixtures contents and fittings are not included in the sale. Prospective purchasers are always advised to commission a full inspection and structural survey of the Property before deciding to proceed with a purchase.

Agent Details

Leaders Sales, Bognor Regis

01243 973384

Next Steps?

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