4 Bed Terraced House, Refurb/BRRR, Chichester, PO20 8LX, £300,000

71 Summerfield Road, Chichester, West Sussex, PO20 8LX - 9 views - 6 months ago

Sold STC
Refurb/BRRR
~129 m²
+6 photos

ValuationFair Value

Sold Prices£375K - £1.6M
Sold Prices/m²£3.4K/m² - £10.6K/m²

 

 

Square Metres

~129.26 m²
Price/m²£2.3K/m²

Value Estimate

£306,000

 

 

End Value (After Refurb)

£684,303

Uplift in Value

+128%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£75,000

Stamp Duty & Legal Fees

£12,700

Refurb Costs

£59,486

Bridging Loan Interest

£7,875

Total Cash In

£156,811

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Estimated Sale Price

£684,303

Agent Fees (1%)

£6,843

Bridging Loan

£225,000

Bridging Loan Interest

£7,875

Flip Profit

£295,649

Local Sold Prices

26 sold prices from £375K to £1.6M, average is £800K. £3.4K/m² to £10.6K/m², average is £5.3K/m².

PriceDateDistanceAddressBeds 
£800K06/210.08 miBrown Gables, Summerfield Road, West Wittering, Chichester, West Sussex PO20 8LY4
£821K12/200.08 miLittle Orchard, Summerfield Road, West Wittering, Chichester, West Sussex PO20 8LY4
£800K09/210.15 mi6, Elmstead Gardens, West Wittering, Chichester, West Sussex PO20 8NG4
£950K02/210.22 mi9, The Wad, West Wittering, Chichester, West Sussex PO20 8AH4
£1.3M04/230.22 mi17, The Wad, West Wittering, Chichester, West Sussex PO20 8AH4
£1.1M02/230.22 mi10, The Wad, West Wittering, Chichester, West Sussex PO20 8AH4
£711K05/230.24 mi1, Elmstead Park Road, West Wittering, Chichester, West Sussex PO20 8NQ4
£846K12/211.02 mi11, Howard Avenue, West Wittering, Chichester, West Sussex PO20 8EX4
£875K12/201.06 mi38, Marine Drive West, West Wittering, Chichester, West Sussex PO20 8HH4
£930K05/231.24 mi39, The Crescent, West Wittering, Chichester, West Sussex PO20 8EE4
£410K06/231.25 mi21, Furzefield, West Wittering, Chichester, West Sussex PO20 8PY4
£530K03/211.3 mi7, Chaucer Drive, West Wittering, Chichester, West Sussex PO20 8BY4
£545K02/211.37 mi4, Tower Place, East Wittering, Chichester, West Sussex PO20 8QT4
£445K06/211.37 mi10, Mill Gardens, East Wittering, Chichester, West Sussex PO20 8PR4
£585K03/211.43 mi23, Church Road, East Wittering, Chichester, West Sussex PO20 8PS4
£1.6M03/211.46 mi5, Tamarisk Walk, East Wittering, Chichester, West Sussex PO20 8DQ4
£1.6M03/211.59 miBriarfield, Itchenor Green, Itchenor, Chichester, West Sussex PO20 7DA4
£635K03/211.62 mi19, Coney Road, East Wittering, Chichester, West Sussex PO20 8DA4
£550K02/211.66 mi3, Wessex Avenue, East Wittering, Chichester, West Sussex PO20 8NP4
£704K06/211.71 mi11, The Spinney, Itchenor, Chichester, West Sussex PO20 7DF4
£1.4M05/231.71 miColtsfoot Cottage, Itchenor Road, Itchenor, Chichester, West Sussex PO20 7DD4
£830K06/211.75 miBadger Barn, Itchenor Road, Itchenor, Chichester, West Sussex PO20 7DH4
£860K11/231.92 mi5, Wittering Road, Hayling Island, Hampshire PO11 9SP4
£590K10/211.95 mi26, Bracklesham Road, Hayling Island, Hampshire PO11 9SJ4
£493.5K12/221.98 mi36, Legion Way, East Wittering, Chichester, West Sussex PO20 8PP4
£375K01/221.99 mi33, Sidlesham Close, Hayling Island, Hampshire PO11 9ST4

Local Rents

36 rents from £800/mo to £7K/mo, average is £1.7K/mo.

RentDateDistanceAddressBeds 
£2,75006/240.17 miRoyce Close, West Wittering4
£2,49506/240.23 miMiddlefield, West Wittering, Chichester, PO203
£2,49507/240.25 miThe Wad, West Wittering, Chichester, PO203
£3,25004/250.37 mi-4
£3,00012/240.37 mi-4
£3,50003/250.37 mi-4
£3,00007/240.37 miWest Wittering, Chichester, PO204
£1,40006/241.3 miSandpiper Walk, West Wittering3
£1,10007/241.33 miHarrow Drive, East Wittering2
£1,60006/241.36 miShore Road, East Wittering3
£1,05012/241.36 miEast Wittering1
£1,75007/241.43 miChurch Road East Wittering PO203
£1,07506/241.43 miSandlands Point, East Wittering2
£1,30007/241.71 miStocks Lane PO20 3
£3,00007/241.72 miThe Spinney, Itchenor, PO203
£2,32510/241.8 mi-4
£2,50004/251.8 mi-4
£91506/241.87 mi-2
£3,30006/241.9 miSeafarers Walk, Hayling Island5
£2,20006/241.92 miBracklesham Road, Hayling Island, Hampshire4
£1,15002/251.99 mi-2
£1,00012/242.03 mi-2
£1,00007/242.04 miCormorant Way, Chichester2
£2,00006/242.04 miOrchard Lane, Itchenor, Chichester, West Sussex, PO204
£2,20007/242.07 miHoneys, Bracklesham Bay3
£1,85007/242.1 miThe Street, Itchenor, Chichester, West Sussex, PO204
£1,50007/242.12 miCharlie Drive, Bracklesham Bay, Chichester, PO202
£85004/252.18 mi-1
£6,95007/242.19 miSpinney Lane, Itchenor, Chichester West Sussex, PO205
£80006/242.25 miSouthwood Road Hayling Island PO111
£80006/242.25 miSouthwood Road, Hayling Seafront1
£1,30006/242.25 miSouthwood Road, Seafront, Hayling Island2
£1,20006/242.25 miWillow Way, Bracklesham Bay, Chichester2
£2,90001/252.36 mi-4
£90006/242.41 miBeach Front, Hayling Island2
£95006/242.45 miCreek Road, Hayling Island.2

Local Area Statistics

Population in PO20

32,437

Population in Chichester

75,877

Town centre distance

6.31 miles away

Nearest school

0.20 miles away

Nearest train station

4.45 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+7%

Sales demand

Buyer's market

Capital growth (5yrs)

+14%

Property History

Listed for £300,000

October 17, 2024

Sold for £213,000

2003

Floor Plans

Description

  • Four Bedrooms +
  • No Forward Chain +
  • Renovation Potential +
  • Potential to Extend STPP +
  • Large Rear Garden +
  • West Wittering Village +

Situated in the heart of West Wittering village, this mid-terrace house offers an exciting renovation opportunity in a highly sought-after location. While the property requires complete refurbishment, it has great potential to be transformed into a charming family home. The ground floor features a generously sized sitting room at the front of the property, with a feature fireplace. A separate kitchen, is found off the hall which offers scope for modernisation. Additionally, the ground floor includes a double bedroom with an en suite wet room, ideal for use as a guest suite or accessible living. On the first floor, there are three further bedrooms and a family bathroom. The layout provides flexible accommodation, perfect for a growing family or for those needing home office space. To the rear of the property, the south-facing garden is mainly laid to lawn, offering a private outdoor space with plenty of potential for landscaping.

EPC Rating: C

Agent Details

Henry Adams, East Wittering

01243 973409

Next Steps?

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

Similar Properties

Like this property? Maybe you'll like these ones close by too.