2 Bed Flat, Single Let, Bognor Regis, PO21 2QN, £275,000

48 Marine Park, Nyewood Lane, Bognor Regis, West Sussex, PO21 2QN - 5 months ago

Leasehold
BTL
~71 m²
+5 photos

ValuationOvervalued

Sold Prices£110K - £367K
Sold Prices/m²£1.5K/m² - £6K/m²

 

 

Square Metres

~71 m²
Price/m²£3.9K/m²

Value Estimate

£203,469

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£68,750

Stamp Duty & Legal Fees

£16,200

Total Cash In

£84,950

 

 

Cash Out

 

Rent Range

£925 - £2,500

Rent Estimate

£948

Running Costs/mo

£1,069

Cashflow/mo

£-121

Cashflow/yr

£-1,452

Gross Yield

4%

Local Sold Prices

50 sold prices from £110K to £367K, average is £194K. £1.5K/m² to £6K/m², average is £2.9K/m².

PriceDateDistanceAddressBeds 
£215K04/210 miFlat 11, Marine Park, Nyewood Lane, Bognor Regis, West Sussex PO21 2QN2
£280K12/220 miFlat 38, Marine Park, Nyewood Lane, Bognor Regis, West Sussex PO21 2QN2
£210K02/230.05 miFlat 3, Red Ridges, Kings Parade, Bognor Regis, West Sussex PO21 2TS2
£190K11/200.05 miFlat 1, Clarehaven Court, Wessex Avenue, Bognor Regis, West Sussex PO21 2QW2
£235K06/210.11 mi121, Aldwick Road, Bognor Regis, West Sussex PO21 2NY2
£184K11/200.19 miFlat 8, Elizabeth Court, Park Terrace, Bognor Regis, West Sussex PO21 2NH2
£205K08/230.22 miFlat 8, Harrington House, Nyewood Lane, Bognor Regis, West Sussex PO21 2UG2
£180K12/210.28 mi68, Rock Gardens, Bognor Regis, West Sussex PO21 2LF2
£245K11/230.28 mi58, Rock Gardens, Bognor Regis, West Sussex PO21 2LF2
£180K03/210.29 miFlat 4, Barklye House, Sylvan Way, Bognor Regis, West Sussex PO21 2RS2
£367K12/200.31 mi2, Norfolk Place, Bognor Regis, West Sussex PO21 1XF2
£210K09/210.36 mi100, Kyoto Court, Bognor Regis, West Sussex PO21 2UJ2
£110K06/230.36 mi10, Kyoto Court, Bognor Regis, West Sussex PO21 2UJ2
£160K06/210.37 miFlat 24, Gilwynes Court, Gilwynes, Bognor Regis, West Sussex PO21 3SQ2
£365K06/230.39 mi6, Burngreave Court, Bognor Regis, West Sussex PO21 2TZ2
£170K02/210.39 miFlat 12, Courtfield House, Hambledon Place, Bognor Regis, West Sussex PO21 2NF2
£230K01/210.39 miFlat 5, Swansea House, West Street, Bognor Regis, West Sussex PO21 1XH2
£182K05/230.4 mi42, Kyoto Court, Bognor Regis, West Sussex PO21 2UL2
£140K03/210.4 mi66, Kyoto Court, Bognor Regis, West Sussex PO21 2UL2
£120K04/210.41 mi10, Kyoto Court, Bognor Regis, West Sussex PO21 2UJ2
£152K05/210.46 miFlat 1, Arlington Mews, Scott Street, Bognor Regis, West Sussex PO21 1FE2
£245K07/230.47 miFlat 5, Steyne Hall, The Steyne, Bognor Regis, West Sussex PO21 1TX2
£170K06/210.5 miFlat 2, Gothic House, The Steyne, Bognor Regis, West Sussex PO21 1TP2
£175K11/210.5 miFlat 6, Sutherland Court, Sutherland Close, Bognor Regis, West Sussex PO21 1DX2
£140K06/210.51 mi3, Manor Place, Bognor Regis, West Sussex PO21 1TB2
£215K01/230.52 mi1, Steyne Street, Bognor Regis, West Sussex PO21 1TJ2
£218K10/210.54 miFlat 12, Trotyn Croft, Aldwick Felds, Bognor Regis, West Sussex PO21 3TX2
£150K11/210.54 miFlat 70, Seaward Court, West Street, Bognor Regis, West Sussex PO21 1XJ2
£120K12/200.54 miFlat 2, Seaward Court, West Street, Bognor Regis, West Sussex PO21 1XJ2
£192K12/200.62 mi2, Parklands Avenue, Bognor Regis, West Sussex PO21 2BA2
£190K07/240.64 miThe Hawthorns, Flat 15, Linden Road, Bognor Regis, West Sussex PO21 2AS2
£162K09/230.65 mi6a, Waverley Road, Bognor Regis, West Sussex PO21 5NB2
£170K11/200.65 mi39b, Linden Road, Bognor Regis, West Sussex PO21 2AP2
£310K03/230.69 miFlat 71, Mountbatten Court, Belmont Street, Bognor Regis, West Sussex PO21 1JW2
£196K06/210.69 miFlat 57, Mountbatten Court, Belmont Street, Bognor Regis, West Sussex PO21 1JW2
£185K11/200.69 miFlat 56, Mountbatten Court, Belmont Street, Bognor Regis, West Sussex PO21 1JW2
£250K08/230.69 miFlat 76, Mountbatten Court, Belmont Street, Bognor Regis, West Sussex PO21 1JW2
£235K07/240.71 miMountbatten Court, Flat 27, Belmont Street, Bognor Regis, West Sussex PO21 1JN2
£190K10/230.72 miFlat 3, Ravenwood Court, Aldwick Street, Bognor Regis, West Sussex PO21 3AW2
£175K10/230.72 miFlat 8, Ravenwood Court, Aldwick Street, Bognor Regis, West Sussex PO21 3AW2
£200K03/210.72 miFlat 2, Mountbatten Court, Belmont Street, Bognor Regis, West Sussex PO21 1JN2
£220K07/210.75 mi45, Annandale Avenue, Bognor Regis, West Sussex PO21 2ES2
£355K06/230.86 miFlat 25, Berkeley Court, The Esplanade, Bognor Regis, West Sussex PO21 1LX2
£330K09/210.86 miFlat 20, Berkeley Court, The Esplanade, Bognor Regis, West Sussex PO21 1LX2
£135K01/210.87 miFlat 5, Glamis Court, Glamis Street, Bognor Regis, West Sussex PO21 1DR2
£115K11/200.88 mi11, Carlingford Court, Bognor Regis, West Sussex PO21 2EN2
£243.5K02/230.88 miGround Floor Flat, 59, Annandale Avenue, Bognor Regis, West Sussex PO21 2ET2
£200K12/230.9 miSabey Court, Flat 5, Albert Road, Bognor Regis, West Sussex PO21 1LU2
£230K02/240.9 miSabey Court, Flat 1, Albert Road, Bognor Regis, West Sussex PO21 1LU2
£205K09/210.91 miFlat 1, Sabey Court, Albert Road, Bognor Regis, West Sussex PO21 1LU2

Local Rents

33 rents from £925/mo to £2.5K/mo, average is £1.2K/mo.

RentDateDistanceAddressBeds 
£1,25006/240.05 miPrincess Avenue, Aldwick, Bognor Regis, PO212
£1,73502/250.07 mi-2
£1,20006/240.08 miMarine Park, Nyewood Lane, Bognor Regis, PO212
£1,10006/240.18 miAldwick Road, BOGNOR REGIS2
£1,10007/240.18 miAldwick Road Bognor Regis PO212
£1,25006/240.18 miWood Street, Bognor Regis, West Sussex, PO212
£1,40007/240.19 miPark Terrace, BOGNOR REGIS2
£1,20007/240.19 miNyewood Place, Bognor Regis, PO212
£1,20006/240.19 miPark Road Bognor Regis PO212
£1,30006/240.19 miPark Terrace, Bognor Regis2
£1,10006/240.19 miPark Road, Bognor Regis, West Sussex, PO212
£1,07507/240.19 miRichmond Avenue, Bognor Regis, West Sussex, PO212
£1,45006/240.21 miVictoria Road South, Bognor Regis, PO212
£1,17012/240.23 mi-2
£1,30007/240.27 miMarine Parade Aldwick Bognor Regis West Sussex2
£1,05006/240.32 miNorfolk Square, Bognor Regis2
£1,20006/240.33 miGrafton, Norfolk Square, Bognor Regis, PO212
£1,25007/240.38 miEversley Court, Aldwick Avenue, Bognor Regis, PO212
£1,49506/240.39 miEversley Court, Aldwick Avenue, Bognor Regis, PO212
£1,60007/240.4 miAldwick 2
£94506/240.4 miCavendish Road, Bognor Regis2
£1,10007/240.44 miWest Street, Bognor Regis, West Sussex2
£2,50011/240.44 mi-2
£95001/250.45 mi-2
£1,29507/240.45 miRoyal Hotel, The Esplanade, Bognor Regis, PO212
£1,10007/240.5 miThe Steyne, PO212
£1,45006/240.5 miThe Esplanade Bognor Regis PO212
£95007/240.51 miManor Place, Bognor Regis2
£1,20006/240.52 miSteyne Street, Bognor Regis, West Sussex, PO212
£1,17506/240.54 miTrotyn Croft, Aldwick Felds2
£92502/250.57 mi-2
£95007/240.57 miBurnham Avenue, Bognor Regis, PO212
£1,00006/240.57 miBurnham Avenue, BOGNOR REGIS2

Local Area Statistics

Population in PO21

39,509

Population in Bognor Regis

68,380

Town centre distance

0.87 miles away

Nearest school

0.60 miles away

Nearest train station

0.72 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+28%

Sales demand

Balanced market

Capital growth (5yrs)

+19%

Property History

Price changed to £275,000

March 8, 2025

Listed for £300,000

October 8, 2024

Floor Plans

Description

  • TOP FLOOR PURPOSE BUILT APARTMENT +
  • SEA VIEWS OVER MARINE PARK GARDENS +
  • TWO DOUBLE BEDROOMS +
  • LIFT FACILITY AND BALCONY +

The apartment boasts an array of storage, a dual aspect living room and a modern fitted kitchen and bathroom
.
The development itself occupies a corner plot position in a sought after location close to local amenities to the West of Bognor Regis town centre. The promenade is within a few metres level walk which provides an ease of access into the nearby town centre, while more local amenities including a Tesco Express convenience store can be found in nearby Aldwick Road.

Aldwick Road shopping parade provides a good selection of eateries and take away food outlets, along with the nearby Mamma Mia's Italian restaurant (within a few metres), The Waverley public house (on the seafront) and The Navigator. West Park which is positioned at the Western end of Marine Park Gardens also offers a cafe and hosts an array of events throughout the year.

A communal front door with security intercom leads into the ground floor communal hallway where the communal staircase or lift facility rise to the top floor communal landing. The front door to the apartment leads into a welcoming generous entrance hall with large double fronted walk-in storage cupboard and additional built-in cupboard with space and plumbing for a washer/dryer. A glazed door with flank glazed panelling leads into the main living room, while further doors lead to the two bedrooms and modern bathroom, along with a doorway to the kitchen.

The kitchen has been tastefully refitted to provide a comprehensive range of units and work surfaces, along with an integrated four ring electric hob with concealed hood over, integrated oven with microwave over, concealed integrated dishwasher and fridge/freezer. A double glazed window provides a pleasant outlook towards the South Downs.

The living room is an impressive bright and airy dual aspect room with delightful Southerly views towards the sea from the large double glazed window, with a further double glazed window to the side and has a double glazed door to the other side, leading out to the covered balcony, which in turn provides a wide vista/view to the West, right around towards Selsey.

The two bedrooms are both good size double rooms, both with fitted wardrobes and storage, with Bedroom 1 boasting the Southerly sea view and bedroom 2 being dual aspect, enjoying the outlook towards the South Downs and roof top views to the east with distant sea views, along with its own wash basin. In addition, the apartment boasts a bathroom with P-shaped bath with dual shower over and fitted shower screen, an enclosed cistern w.c., wash basin with storage under, heated towel rail, mirror unit and double glazed window.

Agent Details

Coastguards Estate Agency, Bognor Regis

020 3835 2530

Next Steps?

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