2 Bed Flat, Single Let, Bognor Regis, PO21 1HZ, £175,000

High Street, Regis Court High Street, PO21 1HZ - 4 months ago

BTL
ROI: 4%
~68 m²
+1 photos

ValuationFair Value

Sold Prices£55K - £365K
Sold Prices/m²£1.5K/m² - £3.6K/m²

 

 

Square Metres

~68.11 m²
Price/m²£2.6K/m²

Value Estimate

£175,018

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£43,750

Stamp Duty & Legal Fees

£6,450

Total Cash In

£50,200

 

 

Cash Out

 

Rent Range

£850 - £1,450

Rent Estimate

£895

Running Costs/mo

£746

Cashflow/mo

£149

Cashflow/yr

£1,790

ROI

4%

Gross Yield

6%

Local Sold Prices

49 sold prices from £55K to £365K, average is £175K. £1.5K/m² to £3.6K/m², average is £2.6K/m².

PriceDateDistanceAddressBeds 
£142.5K05/210 miFlat 12, Regis Court, High Street, Bognor Regis, West Sussex PO21 1HZ2
£153K11/200 miFlat 18, Regis Court, High Street, Bognor Regis, West Sussex PO21 1HZ2
£160K12/220.01 miFlat 2, Regis Court, High Street, Bognor Regis, West Sussex PO21 1HZ2
£120K12/220.03 mi15, Sudley Gardens, Bognor Regis, West Sussex PO21 1HY2
£135K03/210.03 mi23, Sudley Gardens, Bognor Regis, West Sussex PO21 1HY2
£160K11/210.03 mi12, Sudley Gardens, Bognor Regis, West Sussex PO21 1HY2
£223K12/230.04 miFlat 19, Arran Gate, Marian Way, Bognor Regis, West Sussex PO21 1PD2
£176K12/200.05 miFlat 2, Fraser Court, High Street, Bognor Regis, West Sussex PO21 1HG2
£130K12/220.06 miFlat 44, Claremont Court, Campbell Road, Bognor Regis, West Sussex PO21 1HD2
£127K11/200.07 miFlat 8, Claremont Court, Campbell Road, Bognor Regis, West Sussex PO21 1HD2
£110K09/230.07 miFlat 12, Claremont Court, Campbell Road, Bognor Regis, West Sussex PO21 1HD2
£105K01/240.1 miFlat 41, Sovereign Court, Campbell Road, Bognor Regis, West Sussex PO21 1AH2
£70K12/200.1 miFlat 42, Sovereign Court, Campbell Road, Bognor Regis, West Sussex PO21 1AH2
£110K10/230.1 miFlat 8, Sovereign Court, Campbell Road, Bognor Regis, West Sussex PO21 1AH2
£105K02/210.1 miFlat 55, Sovereign Court, Campbell Road, Bognor Regis, West Sussex PO21 1AH2
£95K08/210.1 miFlat 8, Sovereign Court, Campbell Road, Bognor Regis, West Sussex PO21 1AH2
£55K09/230.1 miFlat 66, Sovereign Court, Campbell Road, Bognor Regis, West Sussex PO21 1AH2
£205K09/210.11 miFlat 1, Sabey Court, Albert Road, Bognor Regis, West Sussex PO21 1LU2
£200K12/230.11 miSabey Court, Flat 5, Albert Road, Bognor Regis, West Sussex PO21 1LU2
£230K02/240.11 miSabey Court, Flat 1, Albert Road, Bognor Regis, West Sussex PO21 1LU2
£230K07/210.13 mi10a, Walton Road, Bognor Regis, West Sussex PO21 1NS2
£175K10/210.14 miFlat 1, Walton Court, Walton Avenue, Bognor Regis, West Sussex PO21 1NP2
£135K01/210.14 miFlat 5, Glamis Court, Glamis Street, Bognor Regis, West Sussex PO21 1DR2
£235K04/240.16 miKings Court, Flat 5, The Esplanade, Bognor Regis, West Sussex PO21 1NZ2
£245K08/230.16 miFlat 22, Kings Court, The Esplanade, Bognor Regis, West Sussex PO21 1NZ2
£365K07/210.18 miFlat 9, Compass Point, The Esplanade, Bognor Regis, West Sussex PO21 1NX2
£350K06/210.18 miFlat 10, Compass Point, The Esplanade, Bognor Regis, West Sussex PO21 1NX2
£315K06/210.18 miFlat 14, Compass Point, The Esplanade, Bognor Regis, West Sussex PO21 1NX2
£355K06/230.2 miFlat 25, Berkeley Court, The Esplanade, Bognor Regis, West Sussex PO21 1LX2
£330K09/210.2 miFlat 20, Berkeley Court, The Esplanade, Bognor Regis, West Sussex PO21 1LX2
£225K12/220.25 mi4 Spencer Terrace, 45, Upper Bognor Road, Bognor Regis, West Sussex PO21 1HS2
£240K04/240.25 mi9 Spencer Terrace, 47, Upper Bognor Road, Bognor Regis, West Sussex PO21 1HS2
£200K03/210.29 miFlat 2, Mountbatten Court, Belmont Street, Bognor Regis, West Sussex PO21 1JN2
£137.5K03/210.3 miFlat 27, Melanies Gardens, Mead Lane, Bognor Regis, West Sussex PO21 1LS2
£235K07/240.3 miMountbatten Court, Flat 27, Belmont Street, Bognor Regis, West Sussex PO21 1JN2
£310K03/230.31 miFlat 71, Mountbatten Court, Belmont Street, Bognor Regis, West Sussex PO21 1JW2
£196K06/210.31 miFlat 57, Mountbatten Court, Belmont Street, Bognor Regis, West Sussex PO21 1JW2
£185K11/200.31 miFlat 56, Mountbatten Court, Belmont Street, Bognor Regis, West Sussex PO21 1JW2
£250K08/230.31 miFlat 76, Mountbatten Court, Belmont Street, Bognor Regis, West Sussex PO21 1JW2
£150K11/210.43 miFlat 70, Seaward Court, West Street, Bognor Regis, West Sussex PO21 1XJ2
£120K12/200.43 miFlat 2, Seaward Court, West Street, Bognor Regis, West Sussex PO21 1XJ2
£170K11/200.45 mi39b, Linden Road, Bognor Regis, West Sussex PO21 2AP2
£215K01/230.45 mi1, Steyne Street, Bognor Regis, West Sussex PO21 1TJ2
£243.5K02/230.47 miGround Floor Flat, 59, Annandale Avenue, Bognor Regis, West Sussex PO21 2ET2
£140K06/210.48 mi3, Manor Place, Bognor Regis, West Sussex PO21 1TB2
£170K06/210.49 miFlat 2, Gothic House, The Steyne, Bognor Regis, West Sussex PO21 1TP2
£175K11/210.49 miFlat 6, Sutherland Court, Sutherland Close, Bognor Regis, West Sussex PO21 1DX2
£152K05/210.51 miFlat 1, Arlington Mews, Scott Street, Bognor Regis, West Sussex PO21 1FE2
£220K07/210.52 mi45, Annandale Avenue, Bognor Regis, West Sussex PO21 2ES2

Local Rents

51 rents from £850/mo to £1.4K/mo, average is £1.1K/mo.

RentDateDistanceAddressBeds 
£1,00006/240.01 miRegis Court, Bognor Regis2
£1,30003/250.02 mi-2
£1,00006/240.03 miSudley Gardens, Bognor Regis, West Sussex, PO212
£1,25007/240.03 miSudley Gardens, Bognor Regis, PO21 1HY2
£1,19506/240.04 miSudley Gardens, Bognor Regis2
£1,30006/240.08 miCampbell Road, Bognor Regis2
£1,27507/240.13 miHigh Street, Bognor Regis2
£1,02502/250.15 mi-2
£99506/240.15 miGlamis Street, Bognor Regis, PO212
£1,20007/240.18 miSudley Road, Bognor Regis, West Sussex, PO212
£1,30006/240.18 miThe Esplanade, Bognor Regis2
£1,20006/240.18 miLyon Street, Bognor Regis2
£1,45006/240.19 miThe Esplanade, Bognor Regis, West Sussex, PO212
£1,20006/240.2 miThe Esplanade, Bognor Regis, West Sussex, PO212
£1,35007/240.2 miThe Esplanade2
£1,10006/240.23 miLondon Road, Bognor Regis2
£1,00007/240.27 miHills Court, Bognor Regis, PO212
£1,00002/250.27 mi-2
£1,10006/240.27 miHenry Street, Bognor Regis, PO212
£99512/240.27 mi-2
£1,15007/240.28 mi-2
£1,15007/240.28 mi-2
£1,30007/240.29 miBognor Regis2
£97502/250.3 mi-2
£1,25006/240.31 miBelmont Street, Bognor Regis, PO21 1JW2
£1,20008/240.32 miMead Lane, Bognor Regis, PO222
£97506/240.32 miRegis House, Richmond Road, Bognor Regis, PO212
£1,40006/240.33 miParkside, Upper Bognor Road, Bognor Regis, PO212
£97507/240.35 miFitzleet House Queensway BOGNOR REGIS West Sussex2
£92507/240.35 miFitzleet House Queensway BOGNOR REGIS West Sussex2
£1,15006/240.36 miMerchant Street, Bognor Regis2
£97507/240.38 miLongford Road, BOGNOR REGIS2
£1,05007/240.38 miCanada Grove, Bognor Regis, PO212
£85006/240.38 mi-2
£89507/240.39 miLinden Road, Bognor Regis, PO212
£87506/240.39 mi-2
£89502/250.39 mi-2
£1,05007/240.4 miLongford Road, Bognor Regis, West Sussex, PO212
£1,20006/240.45 miSteyne Street, Bognor Regis, West Sussex, PO212
£95007/240.48 miManor Place, Bognor Regis2
£1,10007/240.49 miThe Steyne, PO212
£1,00006/240.49 miBurnham Avenue, BOGNOR REGIS2
£1,45006/240.5 miThe Esplanade Bognor Regis PO212
£95007/240.51 miBurnham Avenue, Bognor Regis, PO212
£92502/250.51 mi-2
£1,15006/240.52 mi-2
£99506/240.52 miOakwood Court, Victoria Drive, Bognor Regis, PO212
£95001/250.52 mi-2
£1,30006/240.53 miVictoria Terrace, Sea Road, BOGNOR REGIS2
£1,10007/240.53 miWest Street, Bognor Regis, West Sussex2
£99506/240.54 miCarlingford Court, Bognor Regis2

Local Area Statistics

Population in PO21

39,509

Population in Bognor Regis

68,380

Town centre distance

0.38 miles away

Nearest school

0.10 miles away

Nearest train station

0.35 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+28%

Sales demand

Balanced market

Capital growth (5yrs)

+19%

Property History

Listed for £175,000

November 8, 2024

Sold for £160,000

2017

Sold for £143,000

2016

Floor Plans

Description

  • No Forward Chain +
  • Spacious Ground Floor Apartment +
  • Modern Fitted Kitchen +
  • Two Generous Bedrooms +
  • UPVC Double Glazing and Electric Storage Heating Throughout +
  • Modern Fitted Bathroom +
  • Allocated Undercover Parking and Bike Store +
  • Communal Gardens +
  • Walking Distance to the Town Centre and Sea Front +
  • Ideal First Time Purchase or Buy to Let Investment +

No Forward Chain This spacious Ground Floor Apartment has just been refurbished and offers modern accommodation throughout, including two double Bedrooms, a modern fitted Kitchen and Bathroom and a generous size Lounge / Dining Room. Further benefits include UPVC double glazing and electric heating throughout. Outside the property has its own Balcony overlooking the Communal Gardens. There is an allocated undercover car parking space as well as a Bike Store. Viewing is highly recommended to appreciate the spacious accommodation this property has to offer.

EPC Rating: E

Agent Details

Whitlocks Estate Agents, Bognor Regis

01243 262747

Next Steps?

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