2 Bed Bungalow, Refurb/BRRR, Bognor Regis, PO21 3PQ, £250,000

27 STONEHILL CRESCENT, NYETIMBER, WEST SUSSEX, PO21 3PQ - 4 months ago

Sold STC
Refurb/BRRR
ROI: 3%
~68 m²
+9 photos

ValuationFair Value

Sold Prices£225K - £695K
Sold Prices/m²£2.9K/m² - £5.8K/m²

 

 

Square Metres

~68.11 m²
Price/m²£3.7K/m²

Value Estimate

£255,000

 

 

End Value (After Refurb)

£251,188

Uplift in Value

+0%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£62,500

Stamp Duty & Legal Fees

£8,700

Refurb Costs

£31,655

Bridging Loan Interest

£6,563

Total Cash In

£111,168

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£251,188

Mortgage (After Refinance)

£188,391

Mortgage LTV

75%

Cash Released

£891

Cash Left In

£110,277

Equity

£62,797

Rent Range

£950 - £1,950

Rent Estimate

£1,338

Running Costs/mo

£1,073

Cashflow/mo

£265

Cashflow/yr

£3,185

ROI

3%

Gross Yield

6%

Local Sold Prices

50 sold prices from £225K to £695K, average is £286.5K. £2.9K/m² to £5.8K/m², average is £4.3K/m².

PriceDateDistanceAddressBeds 
£250K09/210.02 mi23, Stonehill Crescent, Bognor Regis, West Sussex PO21 3PQ2
£260.3K05/240.03 mi17, Stonehill Crescent, Bognor Regis, West Sussex PO21 3PQ2
£277K12/200.03 mi9, Stonehill Crescent, Bognor Regis, West Sussex PO21 3PQ2
£270K03/210.03 mi33, Stonehill Crescent, Bognor Regis, West Sussex PO21 3PQ2
£245K08/210.08 mi6, Lodsworth Road, Bognor Regis, West Sussex PO21 3PG2
£290K08/240.08 mi18, Lodsworth Road, Bognor Regis, West Sussex PO21 3PG2
£255K01/210.13 mi11, Dukes Meadow, Bognor Regis, West Sussex PO21 3PJ2
£240K01/210.15 mi79, Osborne Way, Bognor Regis, West Sussex PO21 3FE2
£259K02/210.17 mi8, Mayfield Close, Bognor Regis, West Sussex PO21 3NU2
£288K10/200.24 mi4, Grosvenor Way, Bognor Regis, West Sussex PO21 3HA2
£300K03/240.26 mi17, Leonora Drive, Bognor Regis, West Sussex PO21 3NW2
£310K06/210.27 mi18, Fletcher Close, Bognor Regis, West Sussex PO21 3NR2
£300K05/230.27 mi4, Fletcher Close, Bognor Regis, West Sussex PO21 3NR2
£245K09/200.31 mi1, Carlton Avenue, Bognor Regis, West Sussex PO21 3LS2
£225K02/210.34 mi10, Lincoln Avenue, Bognor Regis, West Sussex PO21 3EJ2
£400K11/220.34 mi28, Nyetimber Crescent, Bognor Regis, West Sussex PO21 3NN2
£367.5K09/230.36 mi26, Greenlea Avenue, Bognor Regis, West Sussex PO21 3LH2
£280K06/230.38 mi57, Elizabeth Close, Bognor Regis, West Sussex PO21 3EN2
£360K08/230.38 mi29, Leonora Drive, Bognor Regis, West Sussex PO21 3NH2
£288K11/200.38 mi38, Rose Green Road, Bognor Regis, West Sussex PO21 3EP2
£285K01/230.39 mi54, Elizabeth Close, Bognor Regis, West Sussex PO21 3EN2
£275K04/210.39 mi47, Lincoln Avenue, Bognor Regis, West Sussex PO21 3EW2
£275K07/240.39 mi38, Valentines Gardens, Bognor Regis, West Sussex PO21 4JE2
£250K04/210.39 mi34, Valentines Gardens, Bognor Regis, West Sussex PO21 4JE2
£272.5K12/230.44 mi72, Pryors Lane, Bognor Regis, West Sussex PO21 4JF2
£300K04/230.45 mi4, Wilman Gardens, Bognor Regis, West Sussex PO21 4BP2
£275K06/210.45 mi23, Ledbury Way, Bognor Regis, West Sussex PO21 3JP2
£275K10/230.45 mi21, Ledbury Way, Bognor Regis, West Sussex PO21 3JP2
£342K03/230.45 mi20, Ledbury Way, Bognor Regis, West Sussex PO21 3JP2
£285K05/240.45 mi22, Ledbury Way, Bognor Regis, West Sussex PO21 3JP2
£350K05/230.49 mi24, Boxgrove Gardens, Bognor Regis, West Sussex PO21 4BB2
£320K03/230.52 mi62, Pryors Lane, Bognor Regis, West Sussex PO21 4JD2
£295K11/230.53 mi7, Pilgrims Way, Bognor Regis, West Sussex PO21 3LF2
£375K08/210.54 mi17, Inglewood Drive, Bognor Regis, West Sussex PO21 4JX2
£258K12/200.55 mi8, Pryors Green, Bognor Regis, West Sussex PO21 4LR2
£267.5K03/230.58 mi3, Stoney Stile Lane, Bognor Regis, West Sussex PO21 4LP2
£421K04/240.62 mi67, Hewarts Lane, Bognor Regis, West Sussex PO21 3DW2
£695K11/220.68 miWhite Cottage, 9, Apple Grove, Bognor Regis, West Sussex PO21 4NB2
£322.5K06/240.68 mi17, Greenways, Pagham, Bognor Regis, West Sussex PO21 4QE2
£280K10/200.68 mi42, Greenways, Pagham, Bognor Regis, West Sussex PO21 4QE2
£250K05/210.68 mi24, Greenways, Pagham, Bognor Regis, West Sussex PO21 4QE2
£363.5K12/230.68 mi2a, Greenways, Pagham, Bognor Regis, West Sussex PO21 4QE2
£295K06/210.69 mi8, Coventry Close, Bognor Regis, West Sussex PO21 3RT2
£395K05/230.72 mi15, Church Way, Bognor Regis, West Sussex PO21 4QL2
£530K08/230.74 mi1, Grangewood Drive, Bognor Regis, West Sussex PO21 4LT2
£330K11/200.75 mi32, Westminster Drive, Bognor Regis, West Sussex PO21 3RE2
£285K06/210.75 mi55, Westminster Drive, Bognor Regis, West Sussex PO21 3RE2
£290K12/200.76 mi39, Cardinals Drive, Bognor Regis, West Sussex PO21 4QD2
£275K03/210.76 mi41, Cardinals Drive, Bognor Regis, West Sussex PO21 4QD2
£365K09/230.76 mi1, Wakefield Way, Bognor Regis, West Sussex PO21 3RS2

Local Rents

13 rents from £950/mo to £1.9K/mo, average is £1.3K/mo.

RentDateDistanceAddressBeds 
£1,20006/240.03 miStonehill Crescent, BOGNOR REGIS2
£1,29507/240.06 miRossalyn Close, Rose Green2
£1,45007/240.19 miOsborne Way, Rose Green, Bognor Regis2
£1,25006/240.31 miCarlton Avenue, Rose Green, Bognor Regis, PO212
£1,95002/250.52 mi-2
£1,95007/240.52 miPagham, Bognor Regis, PO212
£1,29506/240.54 miWillowhale Green, Bognor Regis, PO212
£96502/250.6 mi-2
£1,50007/240.68 miGreenways, Pagham, Bognor Regis, West Sussex, PO212
£1,17506/241.13 miTrotyn Croft, Aldwick Felds2
£95009/241.14 mi-2
£1,05007/241.17 miSt Thomas Court, Pagham, Bognor Regis PO212
£99507/241.23 miThe Parade, Pagham, PO212

Local Area Statistics

Population in PO21

39,509

Population in Bognor Regis

68,380

Town centre distance

2.25 miles away

Nearest school

0.10 miles away

Nearest train station

2.19 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+28%

Sales demand

Balanced market

Capital growth (5yrs)

+19%

Property History

Listed for £250,000

November 4, 2024

Sold for £155,000

2006

Floor Plans

Description

  • End of Chain +
  • Semi-Detached Bungalow +
  • Two Double Bedrooms +
  • Kitchen +
  • Double Glazing +
  • Gas Central Heating +
  • Garden +
  • Off Road Parking Space +
  • In Need of Updating +

SEMI DETACHED bungalow, located within a QUIET cul-de-sac in NYETIMBER. The property is in need of updating throughout but benefits from a GARDEN and OFF ROAD PARKING.

Stonehill Crescent is a quiet cul-de-sac located within Nyetimber, close to both Rose Green and Pagham. There are local public transport links as well as amenities within a short distance to the property. The Cathedral city of Chichester can be found 5 miles away and boasts a comprehensive shopping precinct as well as popular restaurants and Cafes.

This bungalow requires renovation but presents an ideal opportunity to put your stamp on things.

Approaching the property, the front garden is laid to lawn with shrub boarders. A concrete path leads to the front porch.

Upon entering, the kitchen is on the left. It features a large storage cupboard and a variety of base and eye-level units. The boiler, located in the kitchen is about three years old. There is also a door from the kitchen which provides access to the front and back garden.

The lounge is spacious and features a large picture window. From the lounge, you can access the inner hall, which leads to both double bedrooms that overlook the rear garden. The bathroom includes a shower cubicle, along with a white toilet and hand basin.

The rear garden includes a lawn surrounded by shrubs and has a garden shed. The property also offers a parking space in the garage compound.

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 Rose Green shopping precinct head west along Grovesnor Gardens, leading onto Rose Green Road and then Sefton Road. Turn left into Hook Lane and then take the second left onto Lodsworth Road where you will take the first left again into Stonehill Crescent and the property can be found on your left hand side.

Agent Details

Sims Williams, Bognor Regis

01243 215658

Next Steps?

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