3 Bed Terraced House, Refurb/BRRR, Littlehampton, BN16 2LH, £300,000

22 Chanctonbury Road, Rustington, West Sussex BN16 2LH - 4 views - 6 months ago

Sold STC
Refurb/BRRR
~93 m²
+5 photos

ValuationUndervalued

Sold Prices£262K - £850K
Sold Prices/m²£3.2K/m² - £9K/m²

 

 

Square Metres

~93 m²
Price/m²£3.2K/m²

Value Estimate

£328,250
BMV1%

 

 

End Value (After Refurb)

£394,456

Uplift in Value

+21%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£75,000

Stamp Duty & Legal Fees

£14,700

Refurb Costs

£43,745

Bridging Loan Interest

£7,875

Total Cash In

£143,070

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£394,456

Mortgage (After Refinance)

£295,842

Mortgage LTV

75%

Cash Released

£70,842

Cash Left In

£72,228

Equity

£98,614

Rent Range

£1,295 - £1,650

Rent Estimate

£1,496

Running Costs/mo

£1,552

Cashflow/mo

£-56

Cashflow/yr

£-671

Gross Yield

6%

Local Sold Prices

50 sold prices from £262K to £850K, average is £389.3K. £3.2K/m² to £9K/m², average is £4.8K/m².

PriceDateDistanceAddressBeds 
£420K11/220.03 mi18, Chanctonbury Road, Rustington, Littlehampton, West Sussex BN16 2LH3
£435K06/230.03 mi8, Chanctonbury Road, Rustington, Littlehampton, West Sussex BN16 2LH3
£325K02/230.03 mi20, Fontwell Close, Rustington, Littlehampton, West Sussex BN16 2LL3
£306K07/230.03 mi6, Fontwell Close, Rustington, Littlehampton, West Sussex BN16 2LL3
£280K05/210.03 mi7, Fontwell Close, Rustington, Littlehampton, West Sussex BN16 2LL3
£262K08/230.03 mi16, Fontwell Close, Rustington, Littlehampton, West Sussex BN16 2LL3
£320K10/220.04 mi3, Fontwell Close, Rustington, Littlehampton, West Sussex BN16 2LL3
£295K02/230.09 mi8, Kirdford Close, Rustington, Littlehampton, West Sussex BN16 2LW3
£290K08/210.09 mi24, Kirdford Close, Rustington, Littlehampton, West Sussex BN16 2LW3
£310K01/230.09 mi5, Kirdford Close, Rustington, Littlehampton, West Sussex BN16 2LW3
£267K03/210.09 mi54, Chanctonbury Road, Rustington, Littlehampton, West Sussex BN16 2LP3
£335K01/210.09 mi50, Chanctonbury Road, Rustington, Littlehampton, West Sussex BN16 2LP3
£350K11/220.11 mi29, Kirdford Close, Rustington, Littlehampton, West Sussex BN16 2LW3
£525K11/220.12 mi2, Howards Way, Rustington, Littlehampton, West Sussex BN16 2LT3
£405K12/200.13 mi3, Howards Way, Rustington, Littlehampton, West Sussex BN16 2LT3
£450K03/210.13 mi2, Howards Way, Rustington, Littlehampton, West Sussex BN16 2LT3
£545K09/230.13 mi1, Howards Way, Rustington, Littlehampton, West Sussex BN16 2LT3
£635K02/230.15 mi7, Cove Road, Rustington, Littlehampton, West Sussex BN16 2QW3
£325K09/230.15 mi16, Parham Close, Rustington, Littlehampton, West Sussex BN16 2LR3
£347K11/220.15 mi60, Chanctonbury Road, Rustington, Littlehampton, West Sussex BN16 2LS3
£325K04/210.15 mi56, Chanctonbury Road, Rustington, Littlehampton, West Sussex BN16 2LS3
£385K01/230.15 mi17, Shaftesbury Road, Rustington, Littlehampton, West Sussex BN16 2HR3
£275K10/200.16 mi1, Herons Court Close, Rustington, Littlehampton, West Sussex BN16 2HT3
£675K06/210.16 mi24, Seafield Road, Rustington, Littlehampton, West Sussex BN16 2SE3
£449.3K10/210.17 mi48, Holmes Lane, Rustington, Littlehampton, West Sussex BN16 2PY3
£505K12/220.17 mi48, Holmes Lane, Rustington, Littlehampton, West Sussex BN16 2PY3
£630K12/220.18 mi21, Hawley Road, Rustington, Littlehampton, West Sussex BN16 2QD3
£620K07/230.19 mi9, Holmes Lane, Rustington, Littlehampton, West Sussex BN16 2QA3
£299.9K11/200.19 mi62, Holmes Lane, Rustington, Littlehampton, West Sussex BN16 2PU3
£395K03/210.19 mi58, Holmes Lane, Rustington, Littlehampton, West Sussex BN16 2PU3
£270K06/210.21 mi11, Ashton Gardens, Rustington, Littlehampton, West Sussex BN16 2SH3
£475K02/230.23 mi1, Shaftesbury Place, Rustington, Littlehampton, West Sussex BN16 2GA3
£405K08/210.23 mi39, The Martlets, Rustington, Littlehampton, West Sussex BN16 2UB3
£465K03/230.25 mi80, Milton Avenue, Rustington, Littlehampton, West Sussex BN16 2PJ3
£450K05/230.25 mi52, The Martlets, Rustington, Littlehampton, West Sussex BN16 2UD3
£370K08/210.26 mi18, The Crescent, Rustington, Littlehampton, West Sussex BN16 2PE3
£725K03/210.26 miCaprice, Broadmark Way, Rustington, Littlehampton, West Sussex BN16 2EY3
£630K12/200.29 mi6, Knightscroft Avenue, Rustington, Littlehampton, West Sussex BN16 2HN3
£850K09/230.29 mi6, Knightscroft Avenue, Rustington, Littlehampton, West Sussex BN16 2HN3
£447K06/210.29 mi18, Parry Drive, Rustington, Littlehampton, West Sussex BN16 2QY3
£393.5K01/210.3 mi58, Milton Avenue, Rustington, Littlehampton, West Sussex BN16 2PL3
£555K02/210.34 mi23, Broadmark Avenue, Rustington, Littlehampton, West Sussex BN16 2HQ3
£477K05/210.35 mi10, Chaucer Avenue, Rustington, Littlehampton, West Sussex BN16 2PQ3
£375K03/210.36 mi4, Normanhurst Close, Rustington, Littlehampton, West Sussex BN16 2EU3
£375K03/210.36 mi6, Normanhurst Close, Rustington, Littlehampton, West Sussex BN16 2EU3
£315K12/200.36 mi5, Normanhurst Close, Rustington, Littlehampton, West Sussex BN16 2EU3
£290K06/210.36 mi60, Tennyson Avenue, Rustington, Littlehampton, West Sussex BN16 2PH3
£325K02/210.36 mi26, Tennyson Avenue, Rustington, Littlehampton, West Sussex BN16 2PH3
£435K05/230.36 mi58, Tennyson Avenue, Rustington, Littlehampton, West Sussex BN16 2PH3
£325K08/230.36 mi56, Tennyson Avenue, Rustington, Littlehampton, West Sussex BN16 2PH3

Local Rents

13 rents from £1.3K/mo to £1.6K/mo, average is £1.5K/mo.

RentDateDistanceAddressBeds 
£1,32512/240.03 miFontwell Close, Rustington3
£1,49512/240.08 miKirdford Close, Rustington, Littlehampton3
£1,49512/240.08 miKirdford Close, Rustington, Littlehampton3
£1,49512/240.08 miKirdford Close, Rustington, Littlehampton3
£1,35012/240.15 mi-3
£1,65012/240.15 miParham Close, Rustington, Littlehampton, West Sussex, BN163
£1,65012/240.36 miNormanhurst Close, Rustington, Littlehampton, West Sussex3
£1,55012/240.39 miSutton Avenue, Rustington3
£1,59903/250.51 mi-3
£1,50012/240.51 miChurch Road Rustington BN163
£1,65012/240.55 miBroadmark Lane, Rustington, BN163
£1,29512/240.59 miDinsdale Gardens, Rustington3
£1,40004/240.61 mi-3

Local Area Statistics

Population in BN16

28,125

Population in Littlehampton

56,651

Town centre distance

1.14 miles away

Nearest school

0.80 miles away

Nearest train station

1.35 miles away

 

 

Rental growth (12m)

+13%

Sales demand

Balanced market

Capital growth (5yrs)

+16%

Property History

Price changed to £300,000

February 12, 2025

Price changed to £310,000

December 5, 2024

Listed for £325,000

October 21, 2024

Floor Plans

Description

  • Modern End Terrace Occupying A Sought After Location +
  • Close To Seafront +
  • Three Double Bedrooms +
  • Lounge/Dining Room +
  • Sun Room +
  • Requires Modernisation +
  • Potential To Extend +
  • Driveway & Garage +
  • No Onward Chain +

A fantastic opportunity to purchase a property with no onward chain, occupying a sought-after location within close proximity of Rustington seafront. This end terrace house is in need of modernisation throughout, offering the perfect blank canvas for you to put your own stamp on it.

Situated on a popular road south of Rustington village, this modern property is just a short distance from the seafront. The potential to extend into the garage, as other houses nearby have done, provides the opportunity to create extra living space to suit your needs.

Inside, you will find three generous double bedrooms, a spacious lounge/dining room, and a kitchen waiting for your personal touch. The property also features a bathroom, separate w.c, sunroom, enclosed rear garden, private driveway, and garage.

With its prime location and versatile layout, the property offers the potential to create a lovely family home.

Lounge/Dining Room - 7.39m x 3.38m (24'3 x 11'1) -

Kitchen - 2.87m x 2.29m (9'5 x 7'6) -

Garden Room - 3.38m x 1.73m (11'1 x 5'8) -

Bedroom - 4.27m x 3.43m (14'0 x 11'3) -

Bedroom - 3.45m x 3.07m (11'4 x 10'1) -

Bedroom - 3.30m x 2.41m (10'10 x 7'11) -

Garage - 5.08m x 2.87m (16'8 x 9'5) -

Agent Details

Glyn-Jones & Co, Rustington

01903 497288

Next Steps?

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