2 Bed Flat, Single Let, Bognor Regis, PO22 6HU, £160,000

Elmer Road, Bognor Regis, West Sussex, PO22 6HU - 4 months ago

Leasehold
BTL
ROI: 5%
~54 m²
+7 photos

ValuationUndervalued

Sold Prices£98K - £330K
Sold Prices/m²£1.9K/m² - £5.2K/m²

 

 

Square Metres

~54.26 m²
Price/m²£2.9K/m²

Value Estimate

£166,809
BMV4%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£40,000

Stamp Duty & Legal Fees

£9,200

Total Cash In

£49,200

 

 

Cash Out

 

Rent Range

£825 - £1,250

Rent Estimate

£925

Running Costs/mo

£705

Cashflow/mo

£220

Cashflow/yr

£2,640

ROI

5%

Gross Yield

7%

Local Sold Prices

20 sold prices from £98K to £330K, average is £164.3K. £1.9K/m² to £5.2K/m², average is £3.1K/m².

PriceDateDistanceAddressBeds 
£164K01/210.28 mi92a, Elmer Road, Bognor Regis, West Sussex PO22 6EX2
£317.5K01/210.34 mi7, Freya Close, Bognor Regis, West Sussex PO22 7UQ2
£300K09/230.34 mi6, Freya Close, Bognor Regis, West Sussex PO22 7UQ2
£317.5K01/210.34 mi7, Freya Close, Bognor Regis, West Sussex PO22 7UQ2
£282.5K06/210.34 mi15, Freya Close, Bognor Regis, West Sussex PO22 7UQ2
£330K12/220.4 mi30, Thompson Road, Bognor Regis, West Sussex PO22 7UG2
£159.5K12/200.54 mi7, Nightingale Court, Bognor Regis, West Sussex PO22 7SU2
£150K12/220.56 mi22, Kingfisher Court, Bognor Regis, West Sussex PO22 7ST2
£180K01/230.56 mi42, Kingfisher Court, Bognor Regis, West Sussex PO22 7ST2
£165K07/230.56 mi11, Kingfisher Court, Bognor Regis, West Sussex PO22 7ST2
£117K10/210.56 mi15, Kingfisher Court, Bognor Regis, West Sussex PO22 7ST2
£140K07/230.56 mi17, Kingfisher Court, Bognor Regis, West Sussex PO22 7ST2
£125K08/230.56 mi45, Kingfisher Court, Bognor Regis, West Sussex PO22 7ST2
£116K03/210.63 miFlat 67, Buckingham Court, Shrubbs Drive, Bognor Regis, West Sussex PO22 7SF2
£98K03/210.63 miFlat 77, Buckingham Court, Shrubbs Drive, Bognor Regis, West Sussex PO22 7SF2
£150K05/230.63 miFlat 60, Buckingham Court, Shrubbs Drive, Bognor Regis, West Sussex PO22 7SF2
£164.5K07/210.63 miFlat 26, St Nicholas Court, Elmer Road, Bognor Regis, West Sussex PO22 6ES2
£275K06/230.69 mi11, Greenfields, Bognor Regis, West Sussex PO22 7SS2
£285K06/230.69 mi14, Greenfields, Bognor Regis, West Sussex PO22 7SS2
£124K05/230.87 mi15, Satinwood Close, Bognor Regis, West Sussex PO22 6SB2

Local Rents

12 rents from £825/mo to £1.3K/mo, average is £1.2K/mo.

RentDateDistanceAddressBeds 
£1,20012/240.08 mi-2
£82502/250.16 mi-2
£89502/250.16 mi-2
£97507/240.28 miElmer Road, BOGNOR REGIS2
£1,20007/240.41 miAlfred Close, Bognor Regis2
£1,19507/240.54 miHarefield Gardens, Middleton on Sea2
£1,25007/240.81 miSilver Birch Drive, Middleton On Sea, Bognor Regis, PO222
£1,20007/240.81 miSilver Birch Drive, Middleton On Sea, Bognor Regis, PO222
£1,22508/240.89 miMiddleton-On-Sea2
£1,20007/241.09 miBaldwin Close, Bognor Regis2
£1,25008/241.13 miHenfield Way, Bognor Regis, PO222
£1,25008/241.13 miHenfield Way, Felpham, Bognor Regis, PO222

Local Area Statistics

Population in PO22

28,866

Population in Bognor Regis

68,380

Town centre distance

3.05 miles away

Nearest school

1.30 miles away

Nearest train station

2.87 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+3%

Sales demand

Balanced market

Capital growth (5yrs)

+16%

Property History

Price changed to £160,000

February 28, 2025

Price changed to £165,000

December 27, 2024

Listed for £170,000

November 5, 2024

Floor Plans

Description

  • No Chain +
  • Directly On To Elmer Beach +
  • Fantastic Private Location +
  • Rarely Available Ground Floor Apartment +
  • Large Living/Dining Room +
  • Modern Kitchen +
  • Two Bedrooms +
  • Shower Room +
  • Good Transport Links To Bognor Regis +
  • Close To Local Amenities +

*No Chain Age Restricted Apartment*

Set in an ideal seafront location is this wonderful two bedroom apartment rarely availble ground floor apartment.

The accommodation briefly comprises a welcoming entrance providing access to all principle rooms, a good sized living/dining room, a modern fitted kitchen, one double bedroom and a further single bedroom and a contemporary shower room.

The development is warden assisted and has many residents’ facilities including a resident’s conservatory, laundry room and beautiful communal gardens. Resident parking is also available

Villa Plage is situated on Elmer Road and affords easy access to the quiet beach. A good range of amenities can be found nearby in Middleton-On-Sea village which includes a doctors surgery, sports/social club and a range of useful shops. Historic Arundel, the cathedral city of Chichester and the famous Goodwood motor circuit and racecourse can all be found within approximately 11 mile radius.

‘’Sales Disclaimer’’

‘’These particulars are believed to be correct and have been verified by or on behalf of the Vendor. However any interested party will satisfy themselves as to their accuracy and as to any other matter regarding the Property or its location or proximity to other features or facilities which is of specific importance to them. Distances and areas are only approximate and unless otherwise stated fixtures contents and fittings are not included in the sale. Prospective purchasers are always advised to commission a full inspection and structural survey of the Property before deciding to proceed with a purchase.’’

The cost of these checks is £80 inc. VAT per purchase which is paid in advance, directly to Lifetime Legal. This charge verifies your identity in line with our obligations as agreed with HMRC and includes mover protection insurance to protect against the cost of an abortive purchase.

Agent Details

Leaders Sales, Bognor Regis

01243 973384

Next Steps?

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