2 Bed Terraced House, Refurb/BRRR, Littlehampton, BN17 6JD, £189,950

2 Sussex Street, Wick, Littlehampton, West Sussex, BN17 6JD - 4 views - 5 months ago

Sold STC
Refurb/BRRR
ROI: 4%
35 m²
+3 photos

ValuationOvervalued

Sold Prices£125K - £425K
Sold Prices/m²£2.1K/m² - £5.6K/m²

 

 

Square Metres

34.94 m²
Price/m²£5.4K/m²

Value Estimate

£120,335

 

 

End Value (After Refurb)

£200,500

Uplift in Value

+-5%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£47,488

Stamp Duty & Legal Fees

£7,500

Refurb Costs

£16,306

Bridging Loan Interest

£4,986

Total Cash In

£78,029

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£200,500

Mortgage (After Refinance)

£150,375

Mortgage LTV

75%

Cash Released

£7,913

Cash Left In

£70,117

Equity

£50,125

Rent Range

£850 - £1,450

Rent Estimate

£1,151

Running Costs/mo

£877

Cashflow/mo

£274

Cashflow/yr

£3,291

ROI

4%

Gross Yield

7%

Local Sold Prices

50 sold prices from £125K to £425K, average is £255K. £2.1K/m² to £5.6K/m², average is £3.8K/m².

PriceDateDistanceAddressBeds 
£125K08/230.03 mi8, North Street, Wick, Littlehampton, West Sussex BN17 6JJ2
£235K04/230.03 mi36, North Street, Wick, Littlehampton, West Sussex BN17 6JH2
£252.5K07/230.04 mi5, Sussex Street, Wick, Littlehampton, West Sussex BN17 6JD2
£240K09/230.04 mi10, Sussex Street, Wick, Littlehampton, West Sussex BN17 6JD2
£170K12/200.04 mi27, Sussex Street, Wick, Littlehampton, West Sussex BN17 6JD2
£245.3K12/220.05 mi115, Beaconsfield Road, Wick, Littlehampton, West Sussex BN17 6LL2
£250K02/210.07 mi7, Swanbourne Road, Wick, Littlehampton, West Sussex BN17 6HS2
£283K06/230.1 miRellima, Malthouse Passage, Wick, Littlehampton, West Sussex BN17 6JA2
£258K05/210.1 mi32, Lansdowne Road, Wick, Littlehampton, West Sussex BN17 6JG2
£282K02/210.1 mi33, Lansdowne Road, Wick, Littlehampton, West Sussex BN17 6JG2
£390K01/210.12 mi67, Highdown Drive, Wick, Littlehampton, West Sussex BN17 6HR2
£342K12/200.12 mi11, Madehurst Way, Littlehampton, West Sussex BN17 6HD2
£182.5K12/200.13 mi9, Wick Street, Wick, Littlehampton, West Sussex BN17 7JJ2
£182.5K12/200.13 mi9, Wick Street, Wick, Littlehampton, West Sussex BN17 7JJ2
£425K12/220.13 mi55, Highdown Drive, Littlehampton, West Sussex BN17 6HL2
£265K02/210.16 mi25, Kent Road, Littlehampton, West Sussex BN17 6LQ2
£202.5K05/210.16 mi23, West Way, Wick, Littlehampton, West Sussex BN17 7LY2
£285K03/230.16 mi1, Beaconsfield Road, Wick, Littlehampton, West Sussex BN17 6LW2
£165K11/230.16 mi43, Beaconsfield Road, Wick, Littlehampton, West Sussex BN17 6LW2
£297.5K02/210.16 mi29, Harting Road, Wick, Littlehampton, West Sussex BN17 6HX2
£245K05/210.17 mi104, Highdown Drive, Wick, Littlehampton, West Sussex BN17 6HP2
£215K12/220.17 mi162, Wick Street, Wick, Littlehampton, West Sussex BN17 7JT2
£242.5K06/210.21 mi27, Lansdowne Road, Wick, Littlehampton, West Sussex BN17 6JQ2
£295K10/220.21 mi13, Lansdowne Road, Wick, Littlehampton, West Sussex BN17 6JQ2
£400K03/210.22 mi12, Blakehurst Way, Littlehampton, West Sussex BN17 6HA2
£285K09/210.23 mi22, Courtwick Road, Wick, Littlehampton, West Sussex BN17 7NE2
£257.5K04/210.24 mi1a, Grand Avenue, Wick, Littlehampton, West Sussex BN17 7NG2
£406K06/210.24 mi28, Blakehurst Way, Littlehampton, West Sussex BN17 6HE2
£299.9K05/210.25 mi20, Parham Close, Littlehampton, West Sussex BN17 6HF2
£224.1K02/230.26 mi60, Colebrook Road, Wick, Littlehampton, West Sussex BN17 7NU2
£280K12/220.28 mi25, Courtwick Road, Wick, Littlehampton, West Sussex BN17 7NH2
£280K02/210.29 mi28, Highdown Drive, Littlehampton, West Sussex BN17 6HJ2
£245K12/220.32 mi4, Stean Furlong, Wick, Littlehampton, West Sussex BN17 7NN2
£260K09/230.34 mi19, Willow Brook, Wick, Littlehampton, West Sussex BN17 7NW2
£280K09/210.35 mi8, York Road, Littlehampton, West Sussex BN17 6EN2
£252.5K11/200.35 mi20, York Road, Littlehampton, West Sussex BN17 6EN2
£220K02/230.37 mi26, Roman Acre, Wick, Littlehampton, West Sussex BN17 7HN2
£220K12/200.4 mi11, Manning Road, Wick, Littlehampton, West Sussex BN17 7HT2
£267K08/230.4 mi35, Helyers Green, Wick, Littlehampton, West Sussex BN17 7HB2
£260K09/210.41 mi30, Queen Street, Littlehampton, West Sussex BN17 6EP2
£205K12/230.41 mi24, Queen Street, Littlehampton, West Sussex BN17 6EP2
£235K12/200.44 mi42, Gloucester Place, Littlehampton, West Sussex BN17 7AL2
£251K03/210.45 mi16, Linden Road, Littlehampton, West Sussex BN17 7AH2
£220K06/210.46 mi70, Lyminster Road, Wick, Littlehampton, West Sussex BN17 7LW2
£350K06/210.48 mi9, Oakcroft Gardens, Littlehampton, West Sussex BN17 6LT2
£270K10/210.48 mi36, Grove Crescent, Littlehampton, West Sussex BN17 6AD2
£270K06/210.48 mi42, Grove Crescent, Littlehampton, West Sussex BN17 6AD2
£217K01/210.48 mi13, Grove Crescent, Littlehampton, West Sussex BN17 6AD2
£400K10/220.49 mi27, Grove Crescent, Littlehampton, West Sussex BN17 6AD2
£225K04/210.49 mi6, Howard Place, Littlehampton, West Sussex BN17 7AG2

Local Rents

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

RentDateDistanceAddressBeds 
£1,00012/240.05 miSussex Street, Wick, Littlehampton, West Sussex, BN172
£99512/240.07 miAlexander Court, Beaconsfield Road, Littlehampton2
£1,10012/240.09 miWick Street, Wick, Littlehampton2
£1,27512/240.1 miWick Street, Littlehampton, Wick, BN172
£1,40003/250.1 mi-2
£1,29512/240.13 miGladstone Terrace, Wick, Littlehampton, West Sussex2
£85012/240.17 mi-2
£1,05012/240.4 miArundel Road, Littlehampton2
£1,45012/240.4 miClun Road, Wick2
£1,15012/240.42 miLinden Road, Littlehampton2
£99512/240.46 miLimewood Place , Littlehampton2
£1,20012/240.47 miField Place, Littlehampton2
£1,25012/240.49 miGloucester Place, Littlehampton2
£1,15012/240.49 miLinden Road, Littlehampton2
£1,15012/240.49 miLinden Road, Littlehampton2
£1,15012/240.49 miLinden Road, Littlehampton2
£1,25012/240.55 miElysian Fields, Littlehampton2
£1,20012/240.55 miLyminster Road2
£1,17510/240.56 mi-2
£1,15012/240.56 miStammer Court Littlehampton2
£1,25012/240.58 miFalcon Gardens, Littlehampton2
£1,10012/240.6 miTerminus Place, Littlehampton2
£1,15003/250.6 mi-2

Local Area Statistics

Population in BN17

28,522

Population in Littlehampton

56,651

Town centre distance

0.84 miles away

Nearest school

0.10 miles away

Nearest train station

0.55 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+10%

Sales demand

Balanced market

Capital growth (5yrs)

+17%

Property History

Price changed to £189,950

January 15, 2025

Listed for £210,000

November 13, 2024

Floor Plans

Description

  • Two Bedroom End of Terrace House +
  • In Need Modernisation Throughout +
  • West Facing Rear Garden +
  • Two Separate Reception Rooms +
  • 12'8 x 11 Bedroom One +
  • Located Close to Local Amenities +
  • Please Note Our Seller Advises That the Boiler is Not Working +

Welcome to Sussex Street, Wick, Littlehampton - a charming location for this two-bedroom end of terrace house. This property boasts two reception rooms, ideal for entertaining guests or simply relaxing with your loved ones.

The house features a west-facing rear garden, perfect for enjoying the afternoon sun or hosting summer barbecues. With a spacious 12'8 x 11 bedroom, there's plenty of room to create a cosy retreat for yourself.

Although this property requires modernisation throughout, it presents a fantastic opportunity to put your own stamp on it and create the home of your dreams. Don't miss out on the chance to transform this house into a beautiful and welcoming space that you can call your own.

Lounge - 3.84m x 3.23m (12'7 x 10'7) -

Dining Room - 3.86m x 3.25m (12'8 x 10'8) -

Kitchen - 2.39m x 2.16m (7'10 x 7'1) -

Bedroom One - 3.86m x 3.35m (12'8 x 11) -

Bedroom Two - 3.07m x 1.52m (10'1 x 5) -

Bathroom - 2.03m x 1.65m (6'8 x 5'5) -

Agent Details

Molica Franklin, Littlehampton

01903 497308

Next Steps?

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