2 Bed Terraced House, Refurb/BRRR, Littlehampton, BN17 7AA, £155,000

6 Albert Road, Littlehampton, West Sussex, BN17 7AA - 8 views - 6 months ago

Sold STC
Refurb/BRRR
ROI: 4%
60 m²
+4 photos

ValuationUndervalued

Sold Prices£125K - £425K
Sold Prices/m²£2.1K/m² - £5.6K/m²

 

 

Square Metres

60 m²
Price/m²£2.6K/m²

Value Estimate

£170,000

 

 

End Value (After Refurb)

£196,375

Uplift in Value

+16%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£38,750

Stamp Duty & Legal Fees

£6,300

Refurb Costs

£28,000

Bridging Loan Interest

£4,069

Total Cash In

£78,869

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£196,375

Mortgage (After Refinance)

£147,281

Mortgage LTV

75%

Cash Released

£31,031

Cash Left In

£47,838

Equity

£49,094

Rent Range

£950 - £1,450

Rent Estimate

£1,150

Running Costs/mo

£864

Cashflow/mo

£286

Cashflow/yr

£3,436

ROI

4%

Gross Yield

9%

Local Sold Prices

50 sold prices from £125K to £425K, average is £252.5K. £2.1K/m² to £5.6K/m², average is £3.5K/m².

PriceDateDistanceAddressBeds 
£225K04/210.04 mi6, Howard Place, Littlehampton, West Sussex BN17 7AG2
£218K06/210.04 mi2, Howard Place, Littlehampton, West Sussex BN17 7AG2
£250K08/230.04 mi10, Howard Place, Littlehampton, West Sussex BN17 7AG2
£295K08/230.07 mi3, Gloucester Place, Littlehampton, West Sussex BN17 7AE2
£280K08/230.08 mi5, Terminus Place, Littlehampton, West Sussex BN17 5BP2
£251K03/210.09 mi16, Linden Road, Littlehampton, West Sussex BN17 7AH2
£235K12/200.12 mi42, Gloucester Place, Littlehampton, West Sussex BN17 7AL2
£237K12/200.13 mi31, Gloucester Road, Littlehampton, West Sussex BN17 7BT2
£229.9K11/200.13 mi12, Gloucester Road, Littlehampton, West Sussex BN17 7BT2
£255K12/200.13 mi15, Gloucester Road, Littlehampton, West Sussex BN17 7BT2
£199.9K12/200.17 miKatella Cottage, New Road, Littlehampton, West Sussex BN17 5AX2
£260K09/210.19 mi30, Queen Street, Littlehampton, West Sussex BN17 6EP2
£205K12/230.19 mi24, Queen Street, Littlehampton, West Sussex BN17 6EP2
£280K09/210.21 mi8, York Road, Littlehampton, West Sussex BN17 6EN2
£252.5K11/200.21 mi20, York Road, Littlehampton, West Sussex BN17 6EN2
£400K03/210.34 mi12, Blakehurst Way, Littlehampton, West Sussex BN17 6HA2
£299.9K05/210.35 mi20, Parham Close, Littlehampton, West Sussex BN17 6HF2
£220K02/230.36 mi26, Roman Acre, Wick, Littlehampton, West Sussex BN17 7HN2
£406K06/210.38 mi28, Blakehurst Way, Littlehampton, West Sussex BN17 6HE2
£265K02/210.38 mi25, Kent Road, Littlehampton, West Sussex BN17 6LQ2
£280K02/210.41 mi28, Highdown Drive, Littlehampton, West Sussex BN17 6HJ2
£283K06/230.45 miRellima, Malthouse Passage, Wick, Littlehampton, West Sussex BN17 6JA2
£342K12/200.46 mi11, Madehurst Way, Littlehampton, West Sussex BN17 6HD2
£182.5K12/200.46 mi9, Wick Street, Wick, Littlehampton, West Sussex BN17 7JJ2
£182.5K12/200.46 mi9, Wick Street, Wick, Littlehampton, West Sussex BN17 7JJ2
£220K12/200.49 mi11, Manning Road, Wick, Littlehampton, West Sussex BN17 7HT2
£252.5K07/230.49 mi5, Sussex Street, Wick, Littlehampton, West Sussex BN17 6JD2
£240K09/230.49 mi10, Sussex Street, Wick, Littlehampton, West Sussex BN17 6JD2
£170K12/200.49 mi27, Sussex Street, Wick, Littlehampton, West Sussex BN17 6JD2
£245.3K12/220.5 mi115, Beaconsfield Road, Wick, Littlehampton, West Sussex BN17 6LL2
£425K12/220.51 mi55, Highdown Drive, Littlehampton, West Sussex BN17 6HL2
£202.5K05/210.52 mi23, West Way, Wick, Littlehampton, West Sussex BN17 7LY2
£125K08/230.54 mi8, North Street, Wick, Littlehampton, West Sussex BN17 6JJ2
£270K10/200.55 mi1, St Marys Way, Littlehampton, West Sussex BN17 5QG2
£235K04/230.56 mi36, North Street, Wick, Littlehampton, West Sussex BN17 6JH2
£250K02/210.58 mi7, Swanbourne Road, Wick, Littlehampton, West Sussex BN17 6HS2
£257K11/210.58 mi51, Stanhope Road, Littlehampton, West Sussex BN17 6AQ2
£267K08/230.59 mi35, Helyers Green, Wick, Littlehampton, West Sussex BN17 7HB2
£257.5K04/210.59 mi1a, Grand Avenue, Wick, Littlehampton, West Sussex BN17 7NG2
£280K05/210.6 mi9, Horsham Road, Littlehampton, West Sussex BN17 6BT2
£390K01/210.61 mi67, Highdown Drive, Wick, Littlehampton, West Sussex BN17 6HR2
£215.9K02/210.61 mi6, Elm Grove Road, Littlehampton, West Sussex BN17 6AH2
£258K05/210.63 mi32, Lansdowne Road, Wick, Littlehampton, West Sussex BN17 6JG2
£282K02/210.63 mi33, Lansdowne Road, Wick, Littlehampton, West Sussex BN17 6JG2
£270K10/210.64 mi36, Grove Crescent, Littlehampton, West Sussex BN17 6AD2
£270K06/210.64 mi42, Grove Crescent, Littlehampton, West Sussex BN17 6AD2
£217K01/210.64 mi13, Grove Crescent, Littlehampton, West Sussex BN17 6AD2
£245K05/210.65 mi104, Highdown Drive, Wick, Littlehampton, West Sussex BN17 6HP2
£215K12/220.67 mi162, Wick Street, Wick, Littlehampton, West Sussex BN17 7JT2
£290K02/230.67 mi205, Clun Road, Wick, Littlehampton, West Sussex BN17 7ES2

Local Rents

29 rents from £950/mo to £1.4K/mo, average is £1.1K/mo.

RentDateDistanceAddressBeds 
£1,10012/240.07 miTerminus Place, Littlehampton2
£1,25012/240.08 miGloucester Place, Littlehampton2
£1,15012/240.08 miLinden Road, Littlehampton2
£1,15012/240.08 miLinden Road, Littlehampton2
£1,15012/240.08 miLinden Road, Littlehampton2
£1,15012/240.11 miLinden Road, Littlehampton2
£1,27512/240.13 miMariners Quay, Littlehampton, West Sussex2
£1,05012/240.15 miArundel Road, Littlehampton2
£1,15012/240.17 mi-2
£1,20012/240.2 miField Place, Littlehampton2
£1,20012/240.21 miBayford Road, Littlehampton, West Sussex2
£99512/240.21 miLimewood Place , Littlehampton2
£1,45012/240.22 miThe Waterside, River Road, Littlehampton2
£97512/240.23 miBeach Road, Littlehampton2
£1,17509/240.26 mi-2
£1,10012/240.42 miBeach Road, Littlehampton, West Sussex, BN172
£1,30001/250.43 mi-2
£1,30002/250.43 mi-2
£1,45012/240.43 miClun Road, Wick2
£95012/240.47 miSouth Terrace, Littlehampton, West Sussex, BN172
£1,00012/240.49 miSussex Street, Wick, Littlehampton, West Sussex, BN172
£1,27512/240.52 miWick Street, Littlehampton, Wick, BN172
£1,25003/250.52 mi-2
£1,40003/250.53 mi-2
£1,22512/240.54 miFitzalan Road, Littlehampton2
£1,27503/250.55 mi-2
£99512/240.56 miAlexander Court, Beaconsfield Road, Littlehampton2
£1,10012/240.56 miWick Street, Wick, Littlehampton2
£1,10012/240.56 mi-2

Local Area Statistics

Population in BN17

28,522

Population in Littlehampton

56,651

Town centre distance

1.19 miles away

Nearest school

0.20 miles away

Nearest train station

0.05 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+10%

Sales demand

Balanced market

Capital growth (5yrs)

+17%

Property History

Price changed to £155,000

January 15, 2025

Listed for £170,000

October 7, 2024

Floor Plans

Description

  • Mid Terrace Victorian Cottage +
  • Two Bedrooms +
  • Two Reception Rooms +
  • Kitchen +
  • Bathroom +
  • Gas Fired Central Heating +
  • Modernisation Required +
  • Courtyard Garden with Brick Shed +
  • No Forward Chain +
  • Town Centre Location +

Mid Terrace Victorian Cottage | Two Bedrooms | Two Reception Rooms | Kitchen | Bathroom | Gas Fired Central Heating | Modernisation Required | Courtyard Garden with Brick Shed | No Forward Chain | Town Centre Location | EER - D

Glyn-Jones and Company are delighted to bring to the market this mid terrace Victorian cottage which is being offered with no forward chain.

The accommodation comprises; two reception rooms, a kitchen, two bedrooms and a bathroom. The property does require some modernisation and redecoration, yet does benefit from gas fired central heating.

Externally, there is an L-shaped courtyard with a brick outbuilding. The garden is enclosed by a flint wall and has a rear access gate.

In our opinion, this would make an ideal first time investment opportunity.

Albert Road is conveniently situated within a popular residential area of Littlehampton, just 200m from the town centre, home to a range of shops and eateries.

Littlehampton train station is found within a similar distance and provides links to Brighton, Portsmouth and London Victoria.

Lounge - 3.63m x 3.33m (11'11 x 10'11) -

Inner Hallway - 3.63m x 2.77m (11'11 x 9'1) -

Kitchen - 3.18m x 1.83m (10'5 x 6'0) -

Bedroom - 3.63m x 3.35m (11'11 x 11'0) -

Bedroom - 3.63m x 2.79m (11'11 x 9'2) -

Bathroom - 2.01m x 1.83m (6'7 x 6'0) -

Shed - 1.83m x 0.89m (6'0 x 2'11) -

L Shaped Courtyard Garden - 5.64m x 3.63m max dimensions (18'6 x 11'11 max dim -

Agent Details

Glyn-Jones & Co, Littlehampton

01903 497294

Next Steps?

This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪