3 Bed Semi-Detached House, Refurb/BRRR, Chichester, PO19 3LG, £350,000

John Arundel Road, Chichester, PO19 3LG - 9 views - 6 months ago

Refurb/BRRR

~93 m²

+14 photos

ValuationUndervalued

Sold Prices	£275K - £1.2M
Sold Prices/m²	£2.9K/m² - £8.7K/m²

Square Metres	~93 m²
Price/m²	£3.8K/m²
Value Estimate	£365,000£365,000

End Value (After Refurb)	£442,930£442,930
Uplift in Value	+21%+21%

Investment Opportunity

Cash In
Purchase Finance	Bridging LoanBridging Loan
Deposit (25%)	£87,500£87,500
Stamp Duty & Legal Fees	£17,900£17,900
Refurb Costs	£43,147£43,147
Bridging Loan Interest	£9,188£9,188
Total Cash In	£159,485£159,485

Cash Out
Monetisation	FlipRefinance & RentRefinance & Rent
Revaluation	£442,930£442,930
Mortgage (After Refinance)	£332,198£332,198
Mortgage LTV	75%75%
Cash Released	£69,698£69,698
Cash Left In	£89,787£89,787
Equity	£110,733£110,733
Rent Range	£1,275 - £1,800£1,275 - £1,800
Rent Estimate	£1,528
Running Costs/mo	£1,710£1,710
Cashflow/mo	£-182£-182
Cashflow/yr	£-2,181£-2,181
Gross Yield	5%5%

Local Sold Prices

50 sold prices from £275K to £1.2M, average is £455K. £2.9K/m² to £8.7K/m², average is £4.8K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£335K	12/20	0.01 mi	2, John Arundel Road, Chichester, West Sussex PO19 3LG	£4,136	81	3	Terraced House
£315K	05/23	0.05 mi	21, Newlands Lane, Chichester, West Sussex PO19 3AT	-	-	3	Semi-Detached House
£350K	07/23	0.07 mi	2, Barton Road, Chichester, West Sussex PO19 3LJ	-	-	3	Semi-Detached House
£330K	02/23	0.07 mi	4, Barton Road, Chichester, West Sussex PO19 3LJ	£2,945	112	3	Semi-Detached House
£395K	11/21	0.14 mi	106, Sherborne Road, Chichester, West Sussex PO19 3AL	£2,992	132	3	Terraced House
£350K	04/21	0.14 mi	92, Sherborne Road, Chichester, West Sussex PO19 3AL	£4,197	83	3	Semi-Detached House
£275K	11/23	0.18 mi	101, Sherborne Road, Chichester, West Sussex PO19 3AP	£3,261	84	3	Terraced House
£362K	03/21	0.19 mi	20, Oliver Whitby Road, Chichester, West Sussex PO19 3LW	£4,067	89	3	Semi-Detached House
£550K	06/23	0.19 mi	3, Oak Avenue, Chichester, West Sussex PO19 3AH	-	-	3	Semi-Detached House
£340K	06/21	0.2 mi	67, Oliver Whitby Road, Chichester, West Sussex PO19 3LL	£4,048	84	3	Semi-Detached House
£380K	03/23	0.2 mi	51, Oliver Whitby Road, Chichester, West Sussex PO19 3LL	-	-	3	Terraced House
£635K	09/21	0.21 mi	32, Walnut Avenue, Chichester, West Sussex PO19 3EF	£8,699	73	3	Semi-Detached House
£465K	01/23	0.22 mi	26, Walnut Avenue, Chichester, West Sussex PO19 3EF	£6,039	77	3	Semi-Detached House
£455K	03/21	0.23 mi	50, Cedar Drive, Chichester, West Sussex PO19 3EQ	£4,596	99	3	Semi-Detached House
£560K	12/23	0.23 mi	26, Cedar Drive, Chichester, West Sussex PO19 3EQ	-	-	3	Semi-Detached House
£385K	12/22	0.26 mi	30, Duncan Road, Chichester, West Sussex PO19 3NG	£4,695	82	3	Semi-Detached House
£550K	05/21	0.27 mi	54, Cedar Drive, Chichester, West Sussex PO19 3EJ	£4,741	116	3	Detached House
£598K	11/22	0.3 mi	90, Cedar Drive, Chichester, West Sussex PO19 3EN	£4,784	125	3	Semi-Detached House
£728K	10/22	0.31 mi	114, Cedar Drive, Chichester, West Sussex PO19 3EN	-	-	3	Detached House
£525K	11/22	0.32 mi	19, Parklands Road, Chichester, West Sussex PO19 3DX	-	-	3	Semi-Detached House
£559K	08/23	0.32 mi	53, Parklands Road, Chichester, West Sussex PO19 3DX	-	-	3	Semi-Detached House
£450K	03/21	0.32 mi	65, Parklands Road, Chichester, West Sussex PO19 3DX	-	-	3	Semi-Detached House
£447K	08/23	0.32 mi	69, Parklands Road, Chichester, West Sussex PO19 3DX	-	-	3	Semi-Detached House
£630K	12/23	0.32 mi	117, Cedar Drive, Chichester, West Sussex PO19 3EL	£7,351	86	3	Detached House
£353.8K	04/21	0.32 mi	128, Parklands Road, Chichester, West Sussex PO19 3EB	£5,202	68	3	Semi-Detached House
£530K	03/24	0.32 mi	94, Parklands Road, Chichester, West Sussex PO19 3EB	£6,163	86	3	Bungalow
£425K	09/23	0.32 mi	118, Parklands Road, Chichester, West Sussex PO19 3EB	£6,077	70	3	Semi-Detached House
£550K	03/21	0.34 mi	2, Canterbury Close, Chichester, West Sussex PO19 5DD	-	-	3	Detached House
£615K	06/21	0.36 mi	106, Cedar Drive, Chichester, West Sussex PO19 3EN	£5,125	120	3	Detached House
£935K	10/21	0.36 mi	14, Flaxman Avenue, Chichester, West Sussex PO19 3LZ	£7,083	132	3	Detached House
£395K	01/21	0.36 mi	6, Hawthorn Close, Chichester, West Sussex PO19 3DZ	£3,657	108	3	Terraced House
£355K	12/20	0.37 mi	61, Woodlands Lane, Chichester, West Sussex PO19 5PF	£3,447	103	3	Terraced House
£370K	06/21	0.37 mi	83, Woodlands Lane, Chichester, West Sussex PO19 5PF	£3,627	102	3	Terraced House
£455K	12/22	0.39 mi	85, St Pauls Road, Chichester, West Sussex PO19 3DD	£4,643	98	3	Semi-Detached House
£390K	09/21	0.39 mi	31, Cavendish Street, Chichester, West Sussex PO19 3BS	£5,762	68	3	Terraced House
£462.5K	11/20	0.41 mi	12, Exeter Road, Chichester, West Sussex PO19 5EF	£4,768	97	3	Detached House
£528K	09/21	0.41 mi	14, Exeter Road, Chichester, West Sussex PO19 5EF	£5,388	98	3	Detached House
£400K	03/23	0.41 mi	30, Cavendish Street, Chichester, West Sussex PO19 3BS	£4,819	83	3	Terraced House
£390K	11/22	0.41 mi	29, Cavendish Street, Chichester, West Sussex PO19 3BS	-	-	3	Terraced House
£495K	09/23	0.41 mi	1, Wells Crescent, Chichester, West Sussex PO19 5EU	-	-	3	Detached House
£534K	01/24	0.42 mi	24, Norwich Road, Chichester, West Sussex PO19 5DF	-	-	3	Detached House
£567.5K	09/23	0.44 mi	10, Washington Street, Chichester, West Sussex PO19 3BN	£5,619	101	3	Terraced House
£448.5K	04/21	0.44 mi	11, Washington Street, Chichester, West Sussex PO19 3BN	£6,900	65	3	Terraced House
£535K	09/23	0.44 mi	13, Washington Street, Chichester, West Sussex PO19 3BN	£5,250	102	3	Terraced House
£465K	02/21	0.44 mi	27, Orchard Avenue, Chichester, West Sussex PO19 3BG	£4,471	104	3	Semi-Detached House
£1.2M	11/20	0.45 mi	70, Westgate, Chichester, West Sussex PO19 3HH	£8,511	141	3	Detached House
£350K	02/23	0.46 mi	42, Orchard Avenue, Chichester, West Sussex PO19 3BG	-	-	3	Terraced House
£552.5K	11/22	0.46 mi	16, King George Gardens, Chichester, West Sussex PO19 6LB	£7,466	74	3	Detached House
£915K	04/23	0.46 mi	1, King George Gardens, Chichester, West Sussex PO19 6LB	£6,985	131	3	Terraced House
£450K	02/21	0.46 mi	37, King George Gardens, Chichester, West Sussex PO19 6LB	£4,592	98	3	Terraced House

Local Rents

26 rents from £1.3K/mo to £1.8K/mo, average is £1.5K/mo.

Rent	Date	Distance	Address	Beds	Type
£1,650	07/24	0.11 mi	Newlands Lane, Chichester, PO19	3	Semi-Detached House
£1,450	08/24	0.19 mi	Oak Avenue, Chichester PO19	3	Semi-Detached House
£1,500	07/24	0.2 mi	Oak Avenue, Chichester	3	House
£1,575	06/24	0.28 mi	Gobey Drive, West Broyle	3	Detached House
£1,800	07/24	0.35 mi	Drovers Lane, Chichester	3	House
£1,750	08/24	0.35 mi	Drovers Lane, Chichester	3	Semi-Detached House
£1,800	08/24	0.35 mi	Drovers Lane, Chichester	3	House
£1,400	06/24	0.41 mi	Cavendish Street, Chichester	3	Terraced House
£1,650	07/24	0.41 mi	Cavendish Street, Chichester	3	Terraced House
£1,400	07/24	0.41 mi	Cavendish Street, Chichester	3	Terraced House
£1,650	06/24	0.43 mi	Henty Gardens, Chichester	3	Terraced House
£1,700	07/24	0.44 mi	Central Chichester	3	House
£1,450	07/24	0.48 mi	Orchard Street Chichester PO19	3	Terraced House
£1,595	07/24	0.5 mi	City Centre, Chichester	3	Terraced House
£1,450	08/24	0.5 mi	King George Gardens, Chichester	3	Semi-Detached House
£1,495	06/24	0.51 mi	-	3	Semi-Detached House
£1,495	08/24	0.51 mi	-	3	Semi-Detached House
£1,500	07/24	0.51 mi	Somerstown, Chichester	3	Terraced House
£1,450	07/24	0.51 mi	Somerstown, Chichester, West Sussex	3	House
£1,500	07/24	0.51 mi	Somerstown, Chichester	3	Terraced House
£1,350	07/24	0.53 mi	Little Breach, Chichester	3	House
£1,350	11/24	0.54 mi	-	3	Flat
£1,550	10/23	0.55 mi	Dolphin Mews, Chichester	3	Terraced House
£1,600	07/24	0.57 mi	Broyle Road, Chichester	3	Detached House
£1,275	06/24	0.58 mi	Broyle Road, Chichester	3	Detached House
£1,350	06/24	0.59 mi	Little Breach, Chichester	3	Flat

Local Area Statistics

Population in PO19	30,18430,184
Population in Chichester	75,87775,877
Town centre distance	0.67 miles away0.67 miles away
Nearest school	0.20 miles away0.20 miles away
Nearest train station	0.87 miles away0.87 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	+44%+44%
Sales demand	Balanced marketBalanced market
Capital growth (5yrs)	+11%+11%

Property History

Price changed to £350,000

January 27, 2025

Listed for £365,000

November 7, 2024

Floor Plans

Description

Off street parking +
No onward chain +
End of terrace with potential to extend (STPP) +
Sought after Parklands location +
Three good size bedrooms +
East facing rear garden +
In need of updating +

Chain free and located in the desirable Parklands area, close to Bishop Luffa School and local amenities, this spacious semi-detached house offers an excellent layout across two floors. The ground floor features a well-equipped kitchen, a separate dining room, and a large sitting room with bay windows, plus a lean-to at the rear. Upstairs, you'll find three generously sized bedrooms, a family bathroom, and a separate WC.

The east-facing rear garden, primarily lawn, provides ample space, with hardstanding for off-street parking. Viewing is highly recommended, and with no onward chain, this property is ready for a swift transaction.

Agent Details

Bell and Blake, Chichester

01243 215652

Next Steps?

This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪

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