2 Bed Terraced House, Refurb/BRRR, Chichester, PO20 3QU, £318,500

8 BELLEVUE COTTAGES, WESTERGATE STREET, WESTERGATE, PO20 3QU - 1 views - 6 months ago

Refurb/BRRR
~113 m²
+20 photos

ValuationFair Value

Sold Prices£195K - £1.1M
Sold Prices/m²£3.2K/m² - £5.9K/m²

 

 

Square Metres

~112.78 m²
Price/m²£2.8K/m²

Value Estimate

£321,685

 

 

End Value (After Refurb)

£449,153

Uplift in Value

+41%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£79,625

Stamp Duty & Legal Fees

£20,550

Refurb Costs

£51,903

Bridging Loan Interest

£8,361

Total Cash In

£162,189

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Estimated Sale Price

£449,153

Agent Fees (1%)

£4,492

Bridging Loan

£238,875

Bridging Loan Interest

£8,361

Flip Profit

£43,598

Local Sold Prices

33 sold prices from £195K to £1.1M, average is £300K. £3.2K/m² to £5.9K/m², average is £4.3K/m².

PriceDateDistanceAddressBeds 
£275K11/200.07 mi2, Rosvara Avenue, Westergate, Chichester, West Sussex PO20 3RB2
£280K10/210.08 mi40, St Richards Road, Westergate, Chichester, West Sussex PO20 3RD2
£279.9K11/200.13 mi22, Meadow Way, Westergate, Chichester, West Sussex PO20 3QT2
£275K01/210.24 mi8, Ivy Close, Westergate, Chichester, West Sussex PO20 3RF2
£235K05/210.24 mi6, Ivy Close, Westergate, Chichester, West Sussex PO20 3RF2
£268K05/210.25 mi27, Lime Avenue, Westergate, Chichester, West Sussex PO20 3UF2
£1.1M12/200.42 miThe Laurels, Old Rectory Drive, Eastergate, Chichester, West Sussex PO20 3XH2
£233K03/210.43 mi31, Barnett Close, Eastergate, Chichester, West Sussex PO20 3UW2
£325K06/210.52 mi6, Woodgate Road, Woodgate, Chichester, West Sussex PO20 3SX2
£345K08/230.58 mi11, Woodgate Close, Woodgate, Chichester, West Sussex PO20 3TA2
£315K01/240.88 mi8, Sackville Gardens, Barnham, Bognor Regis, West Sussex PO22 0DJ2
£295K11/200.89 mi3, Murrell Gardens, Barnham, Bognor Regis, West Sussex PO22 0DF2
£275K11/230.95 mi33, Elm Grove South, Barnham, Bognor Regis, West Sussex PO22 0EJ2
£510K03/231.03 mi59, Downview Road, Barnham, Bognor Regis, West Sussex PO22 0EF2
£349.9K06/211.03 mi4, Drovers Way, Barnham, Bognor Regis, West Sussex PO22 0DD2
£390K11/231.13 mi9, Elm Grove, Barnham, Bognor Regis, West Sussex PO22 0HJ2
£250K03/211.15 mi17, Gospond Road, Barnham, Bognor Regis, West Sussex PO22 0EU2
£195K03/211.36 mi29, Warren Way, Barnham, Bognor Regis, West Sussex PO22 0JX2
£295K05/231.41 mi21, Dial Close, Barnham, Bognor Regis, West Sussex PO22 0JU2
£460K01/211.42 miCuracoa, Church Lane, Barnham, Bognor Regis, West Sussex PO22 0DA2
£260K06/211.5 mi12, Goodacres, Barnham, Bognor Regis, West Sussex PO22 0JF2
£260K06/211.5 mi22, Goodacres, Barnham, Bognor Regis, West Sussex PO22 0JF2
£372K12/201.56 mi5, Halliford Drive, Barnham, Bognor Regis, West Sussex PO22 0AB2
£345K11/201.56 mi14, Halliford Drive, Barnham, Bognor Regis, West Sussex PO22 0AB2
£405K06/231.56 mi3, Halliford Drive, Barnham, Bognor Regis, West Sussex PO22 0AB2
£440K03/241.59 mi33, Nightingale Lane, Barnham, Bognor Regis, West Sussex PO22 0DL2
£315K02/241.6 mi10, Chesham Place, Barnham, Bognor Regis, West Sussex PO22 0FE2
£395K12/221.67 mi16, Dukes Road, Fontwell, Arundel, West Sussex BN18 0SP2
£400K11/221.81 miFlints, Yapton Road, Barnham, Bognor Regis, West Sussex PO22 0BA2
£250K03/231.87 mi17, Barrack Row, Walberton, Arundel, West Sussex BN18 0QD2
£330K10/231.9 mi2, Homefield Crescent, Walberton, Arundel, West Sussex BN18 0PX2
£250K01/211.9 mi13, Homefield Crescent, Walberton, Arundel, West Sussex BN18 0PX2
£300K03/211.9 mi3, Homefield Crescent, Walberton, Arundel, West Sussex BN18 0PX2

Local Rents

49 rents from £650/mo to £2.8K/mo, average is £1.5K/mo.

RentDateDistanceAddressBeds 
£1,30007/240.06 miOaks Close, Westergate3
£1,05007/240.21 miLamorna Gardens Westergate PO202
£1,29507/240.26 miLime Avenue, Chichester2
£1,45006/240.26 mi-3
£1,45006/240.27 miHasler Grove, Aldingbourne2
£1,50007/240.29 miWoodgate Park Woodgate PO203
£1,15007/240.32 miNyton Road, Westergate, PO202
£1,20006/240.33 miNyton Road Westergate PO202
£2,25006/240.38 miSummer Close, Woodgate, Chichester, PO204
£2,60006/240.4 miSummer Close, Aldingbourne5
£1,50007/240.42 miChurch Lane, Eastergate3
£1,75007/240.43 miBarnett Close Eastergate PO204
£1,29506/240.47 miSt Georges Walk, Eastergate3
£1,65007/240.5 miPeckham Chase, Eastergate, Chichester, PO203
£1,75006/240.54 miHighview Road Eastergate PO204
£1,55006/240.55 miGrant Rise Eastergate PO203
£1,59512/240.63 miLidsey Road, Woodgate, Chichester, PO203
£1,15006/240.72 miBarnham Road, Eastergate2
£1,20007/240.78 miPark Farm Cottages1
£2,19507/240.9 miSackville Gardens, Barnham4
£1,05008/240.99 miElm Grove South, Barnham, Bognor Regis, PO222
£2,75007/241.03 miDownview Road, Bognor Regis5
£1,60005/241.08 mi-3
£1,50006/241.12 miElm Grove, Barnham3
£1,85012/241.19 miConnemara Crescent, Fontwell, Arundel3
£2,00007/241.2 mi86 Barnham Road4
£95005/241.21 mi-1
£1,85012/241.22 miConnemara Crescent, Arundel3
£2,70008/241.24 miHighground Lane, Barnham4
£2,25006/241.25 mi-4
£1,85012/241.25 miTattersalls Road, Fontwell, Arundel3
£1,19503/241.3 mi-2
£1,75012/241.3 miCooke Road, Fontwell, BN183
£1,97512/241.3 miFontwell Meadows, Cooke Road, BN184
£1,65012/241.3 miFontwell Meadows, Cook Road, Walberton, BN183
£2,12512/241.3 miCooke Road, BN184
£1,72512/241.3 miFontwell Meadows, Cook Road, Walberton, BN183
£1,67512/241.3 miFontwell Meadows, Cook Road, Walberton, BN183
£1,60012/241.3 miFontwell Meadows, Steeplechase Way, Arundel, West Sussex, BN183
£1,60012/241.3 miFontwell Meadows, Steeplechase Way, Arundel, West Sussex, BN183
£82509/231.34 mi-2
£1,00002/251.34 mi-2
£1,10004/251.34 mi-2
£1,30007/241.36 miWarren Way, Bognor Regis3
£65008/241.39 miWarren Way, PO201
£69507/241.39 miWarren Way, Barnham1
£1,30012/241.39 miHermitage Lane Fontwell BN182
£72508/241.39 miWarren Way, Barnham, Bognor Regis1
£1,10004/251.41 mi-2

Local Area Statistics

Population in PO20

32,437

Population in Chichester

75,877

Town centre distance

4.87 miles away

Nearest school

0.30 miles away

Nearest train station

1.34 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+7%

Sales demand

Buyer's market

Capital growth (5yrs)

+14%

Property History

Price changed to £318,500

March 20, 2025

Listed for £325,000

October 19, 2024

Floor Plans

Description

  • End Of Terrace House +
  • In Need Of Modernisation +
  • Versatile Accommodation +
  • Two/Three Reception Rooms +
  • Ground Floor Bathroom +
  • Kitchen with Gas Hob +
  • Two Bedrooms + 2 Adjoining Rooms +
  • West Rear Garden & Parking +
  • No Chain Sale +

* No Chain Sale * END of TERRACE COTTAGE in NEED OF MODERNISATION throughout, located in the popular village of Westergate. Offers VERSATILE ACCOMMODATION with 3 RECEPTION rooms, ground floor bathroom & conservatory. To the first floor there are 2 Bedrooms + 2 Adjoining Rooms leading off (Four Bedrooms). Outside, benefits from having a good size WESTERLY REAR garden and OFF ROAD PARKING for 2 vehicles to the front.

An end of terrace character cottage in need of complete modernisation throughout with potential reconfiguration required. Being a great opportunity for someone wishing to do a project and add their own style.

Located in the popular village of Westergate, within easy reach of the local amenities including shops, schools and public transport with further facilities including a mainline railway station in nearby Barnham.

The ground floor accommodation comprises entrance porch area, sitting room, further reception room, bathroom, dining room with kitchen area and conservatory/lean-to, leading to outside.

The kitchen area comprises wall mounted units with cupboards under, sink unit, gas hob with oven under and extractor over and space for appliances.

The bathroom has a white suite comprising bath, separate shower cubicle, wash basin and WC.

To the first floor there are 3 bedrooms, with a smaller room, which could be used as a dressing room. * Please note bedrooms 3 & 4 are access via bedroom 2.

Outside, the secluded westerly rear garden measures in excess of 75' which has been partially landscaped for low maintenance with a large patio and gravelled area with pathway, shrubs and plant borders, with the remainder of the garden having a variety of mature shrubs and plants. There is outside storage and a pedestrian access gate.

To the front there is off-road parking for 2 vehicles.

Disclaimer - As the seller's agent we are not surveyors or conveyancing experts and as such we cannot and do not comment on the condition of the property or issues that may affect this property, unless we have been made aware of such matters. Interested parties should employ their own professionals to make such enquiries before making any transactional decisions.

Directions - From the War Memorial roundabout at the bottom of Fontwell Avenue proceed south along Nyton Road and into Westergate Street. The property can be round on the right hand side.

Agent Details

Sims Williams, Walberton

020 3893 8759

Next Steps?

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