3 Bed Semi-Detached House, Refurb/BRRR, Chichester, PO19 8QE, £375,000

59 Stockbridge Road, Chichester, West Sussex, PO19 8QE - 6 months ago

Under Offer
Refurb/BRRR
Planning
107 m²
+13 photos

ValuationUndervalued

Sold Prices£152.5K - £685K
Sold Prices/m²£1.7K/m² - £7.7K/m²

 

 

Square Metres

107 m²
Price/m²£3.5K/m²

Value Estimate

£386,250
BMV3%

 

 

End Value (After Refurb)

£484,844

Uplift in Value

+29%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£93,750

Stamp Duty & Legal Fees

£18,700

Refurb Costs

£49,643

Bridging Loan Interest

£9,844

Total Cash In

£173,686

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Estimated Sale Price

£484,844

Agent Fees (1%)

£4,848

Bridging Loan

£281,250

Bridging Loan Interest

£9,844

Flip Profit

£25,059

Local Sold Prices

50 sold prices from £152.5K to £685K, average is £403.5K. £1.7K/m² to £7.7K/m², average is £4K/m².

PriceDateDistanceAddressBeds 
£685K12/220.08 mi6, Upton Road, Chichester, West Sussex PO19 8QQ3
£588K10/220.1 mi93, Stockbridge Road, Chichester, West Sussex PO19 8QW3
£362.5K07/210.11 mi39, Grenville Gardens, Chichester, West Sussex PO19 8XB3
£320K09/230.11 mi38, Grenville Gardens, Chichester, West Sussex PO19 8XB3
£480K11/220.15 mi7, Wiston Avenue, Chichester, West Sussex PO19 8RJ3
£447.5K04/210.16 mi16, Waterside Drive, Chichester, West Sussex PO19 8RN3
£415K03/210.16 mi11, Stockbridge Gardens, Chichester, West Sussex PO19 8RL3
£460K12/220.17 mi9, Wiston Avenue, Chichester, West Sussex PO19 8RJ3
£381K11/230.22 mi94, Graydon Avenue, Chichester, West Sussex PO19 8RH3
£397K01/210.22 mi71, Graydon Avenue, Chichester, West Sussex PO19 8RH3
£365K12/220.23 mi4, Crosbie Close, Chichester, West Sussex PO19 8RZ3
£600K01/230.23 mi8, Croy Close, Chichester, West Sussex PO19 8RQ3
£445K12/200.23 mi4, Croy Close, Chichester, West Sussex PO19 8RQ3
£425K01/210.24 mi22, Stockbridge Gardens, Chichester, West Sussex PO19 8QT3
£470K10/210.25 mi28, Belgrave Crescent, Chichester, West Sussex PO19 8SH3
£418K12/200.25 mi18, Belgrave Crescent, Chichester, West Sussex PO19 8SH3
£355K04/230.26 mi4, Pecketts Gate, Chichester, West Sussex PO19 8PZ3
£320K11/200.26 mi9, Pecketts Gate, Chichester, West Sussex PO19 8PZ3
£328.2K07/210.26 mi6, Pecketts Gate, Chichester, West Sussex PO19 8PZ3
£385K11/220.26 mi23, Crosbie Close, Chichester, West Sussex PO19 8RZ3
£415K03/210.27 mi31, Stockbridge Gardens, Chichester, West Sussex PO19 8RD3
£515K03/210.29 mi58, Graydon Avenue, Chichester, West Sussex PO19 8RG3
£315K11/230.31 mi4, St Georges Drive, Chichester, West Sussex PO19 8SX3
£429K11/230.33 mi62, Belgrave Crescent, Chichester, West Sussex PO19 8SB3
£440K01/240.33 mi48, Belgrave Crescent, Chichester, West Sussex PO19 8SB3
£508K09/220.33 mi10, Birdham Road, Chichester, West Sussex PO19 8TE3
£420K06/210.34 mi4, Marden Avenue, Chichester, West Sussex PO19 8RA3
£458K07/230.34 mi20, Southfields Close, Chichester, West Sussex PO19 8SD3
£600K11/230.36 mi19, Gordon Avenue, Chichester, West Sussex PO19 8QX3
£395K06/210.36 mi11, Gordon Avenue, Chichester, West Sussex PO19 8QX3
£420K12/230.36 mi8, Mill Pond Crescent, Chichester, West Sussex PO19 8GH3
£305K01/210.38 mi7, Forge Close, Chichester, West Sussex PO19 8SP3
£325K10/230.39 mi53, Selsey Road, Chichester, West Sussex PO19 8SL3
£152.5K05/210.39 mi43, Selsey Road, Chichester, West Sussex PO19 8SL3
£320K07/230.39 mi57, Selsey Road, Chichester, West Sussex PO19 8SL3
£250K04/210.4 mi20, St Georges Drive, Chichester, West Sussex PO19 8SW3
£435K09/220.46 mi18, Deer Close, Chichester, West Sussex PO19 8TJ3
£410K11/210.46 mi24, Deer Close, Chichester, West Sussex PO19 8TJ3
£201K12/200.46 mi20, Deer Close, Donnington, Chichester, West Sussex PO19 8TJ3
£420K09/230.46 mi20, Deer Close, Donnington, Chichester, West Sussex PO19 8TJ3
£315K06/230.5 mi39, Exton Road, Chichester, West Sussex PO19 8BW3
£344K11/200.5 mi64, Kingsham Road, Chichester, West Sussex PO19 8AH3
£674K06/210.56 mi10b, South Pallant, Chichester, West Sussex PO19 1SU3
£315K03/210.57 mi12, Bramber Road, Chichester, West Sussex PO19 8DA3
£315K05/210.61 mi17, Ettrick Road, Chichester, West Sussex PO19 7DU3
£580K03/210.62 mi7, Barford Road, Chichester, West Sussex PO19 7DP3
£345K05/210.64 mi47, Grove Road, Chichester, West Sussex PO19 8AP3
£390K06/210.64 mi73, Grove Road, Chichester, West Sussex PO19 8AP3
£340K09/210.64 mi30, Grove Road, Chichester, West Sussex PO19 8AP3
£336K08/210.65 mi28, Grove Road, Chichester, West Sussex PO19 8AP3

Local Rents

51 rents from £1.1K/mo to £2.4K/mo, average is £1.5K/mo.

RentDateDistanceAddressBeds 
£1,37507/240.09 miWaterside Drive, Chichester, PO193
£2,40003/250.25 mi-3
£1,45007/240.41 miSelsey Road, Donnington3
£1,50008/240.41 miSelsey Road, Donnington3
£1,50008/240.41 miSelsey Road, Donnington3
£1,50006/240.41 miSt. Georges Drive Chichester PO193
£1,50006/240.41 miSt. Georges Drive Chichester PO193
£1,52007/240.43 miThe Meadows, PO193
£1,50001/250.48 mi-3
£1,59507/240.65 miCity Centre, Chichester3
£1,95008/240.66 mi3 bedroom Terraced House in Chichester3
£1,80005/240.69 mi-3
£1,80005/240.69 mi-3
£1,80006/240.69 miMilestone Cottages, Chichester, PO203
£1,85003/250.69 mi-3
£1,50007/240.7 miHay Road, Chichester, PO193
£1,65006/240.74 miHenty Gardens, Chichester3
£1,65006/240.78 miNorth Street, Chichester3
£1,35008/240.83 miOrmonde Avenue, Chichester, West Sussex3
£1,65007/240.85 miLangdale Avenue3
£1,59507/240.85 miBishops Courtyard3
£1,45007/240.86 miOrchard Street Chichester PO193
£1,45008/240.86 miSt Peters, Chichester3
£2,40009/240.87 miEast Walls Close, Chichester3
£1,15006/240.87 miVelyn Avenue, Chichester3
£2,10007/240.89 miSt Pancras, Chichester3
£1,55010/230.89 miDolphin Mews, Chichester3
£1,85007/240.99 miFranklin Place Chichester PO193
£1,70007/241.01 miCentral Chichester3
£1,65007/241.03 miCavendish Street, Chichester3
£1,40006/241.03 miCavendish Street, Chichester3
£1,40007/241.03 miCavendish Street, Chichester3
£1,50007/241.06 miSomerstown, Chichester3
£1,45008/241.06 miOak Avenue, Chichester PO193
£1,50007/241.06 miSomerstown, Chichester3
£1,45007/241.06 miSomerstown, Chichester, West Sussex3
£1,79507/241.07 miGreen Lane Chichester PO193
£1,50007/241.07 miOak Avenue, Chichester3
£1,45006/241.09 miBishopsgate Walk, Chichester3
£1,27506/241.1 miBroyle Road, Chichester3
£1,60007/241.1 miBroyle Road, Chichester3
£1,59506/241.1 miRussell Street, Chichester, West Sussex, PO193
£1,35011/241.11 mi-3
£1,75010/241.14 mi-3
£1,45008/241.16 miKing George Gardens, Chichester3
£1,50006/241.17 miSpitalfield Lane Chichester West Sussex PO19 6SG3
£1,59506/241.18 miSpitalfield Lane, Chichester, PO193
£1,45006/241.18 miSouthover Way, Hunston, PO203
£1,45006/241.19 miArmadale Road, Chichester, PO193
£1,40008/241.2 miLime Close, Chichester3
£1,50008/241.2 miLake Road, Chichester3

Local Area Statistics

Population in PO19

30,184

Population in Chichester

75,877

Town centre distance

0.70 miles away

Nearest school

0.40 miles away

Nearest train station

0.35 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+44%

Sales demand

Balanced market

Capital growth (5yrs)

+11%

Property History

Listed for £375,000

November 4, 2024

Sold for £268,000

2004

Sold for £147,000

2001

Floor Plans

Description

  • Extended semi-detached house +
  • Two/three bedrooms +
  • Off-road parking +
  • Lapsed planning permission for separate dwelling +
  • Chain free +
  • Long garden +
  • Versatile accommodation +
  • Modernisation required +

Situated on the periphery of Chichester, lies this extended semi-detached house. The property requires internal modernisation but has huge potential and could be extended subject to the necessary consents. The accommodation offered is arranged over three floors and is particularly versatile. On the ground floor there are three/four reception rooms, a kitchen and a shower room/WC. Two bedrooms and a bathroom/WC can be found on the first floor and a narrow wooden staircase which leads to a loft room with Velux windows and eaves storage. Gardens can be found to both the front and back, with the rear garden being of a good size. An area of hardstanding is situated at the end of the garden. Vehicular access is also from the rear via Queens Avenue. Planning permission was granted in 2016 (16/00884/Ful) for a separate two storey two bedroom dwelling to the rear of the property, but this permission has now expired. Please note that our seller has informed us that a £20,000 overage clause (clawback) is to be levied if the development takes place in the future. Chichester District Council - 24/25 Tax Band E £2,667.05 Proceed south over the A27 into Stockbridge Road (A286) signposted to The Witterings. The property is on the left (what3words.com/liver.timing.author). Vehicular and rear access is gained off Queens Avenue (what3words.com/video.memory.narrow).

EPC Rating: E Parking - Off street

Agent Details

Henry Adams, Chichester

01243 973395

Next Steps?

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