3 Bed Terraced House, Refurb/BRRR, Chichester, PO19 7NQ, £235,000

83 Adelaide Road, Chichester, PO19 7NQ - 6 views - 5 months ago

Sold STC
Refurb/BRRR
ROI: 1%
~93 m²
+10 photos

ValuationFair Value

Sold Prices£250K - £610K
Sold Prices/m²£1.7K/m² - £6.9K/m²

 

 

Square Metres

~93 m²
Price/m²£2.5K/m²

Value Estimate

£237,350

 

 

End Value (After Refurb)

£368,317

Uplift in Value

+57%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£58,750

Stamp Duty & Legal Fees

£8,250

Refurb Costs

£43,147

Bridging Loan Interest

£6,169

Total Cash In

£118,066

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Estimated Sale Price

£368,317

Agent Fees (1%)

£3,683

Bridging Loan

£176,250

Bridging Loan Interest

£6,169

Flip Profit

£70,318

Local Sold Prices

50 sold prices from £250K to £610K, average is £377.5K. £1.7K/m² to £6.9K/m², average is £4.5K/m².

PriceDateDistanceAddressBeds 
£268.5K03/210.03 mi44, Adelaide Road, Chichester, West Sussex PO19 7NF3
£319.9K01/240.04 mi68, Adelaide Road, Chichester, West Sussex PO19 7NQ3
£315K06/210.05 mi32, Lewis Road, Chichester, West Sussex PO19 7LZ3
£295K06/210.06 mi29, Lewis Road, Chichester, West Sussex PO19 7LZ3
£515K09/230.06 mi1, Lewis Road, Chichester, West Sussex PO19 7LZ3
£440K10/200.07 mi22, Turnbull Road, Chichester, West Sussex PO19 7LY3
£395K11/200.09 mi20, Alexandra Road, Chichester, West Sussex PO19 7LX3
£355K06/210.1 mi32, Bishopsgate Walk, Chichester, West Sussex PO19 6FG3
£375K02/230.11 miFlinders, Joys Croft, Chichester, West Sussex PO19 7NJ3
£415K12/230.11 miOrchard House, Joys Croft, Chichester, West Sussex PO19 7NJ3
£357K12/220.15 mi13, Lime Close, Chichester, West Sussex PO19 6SW3
£335K11/230.15 mi2, Lime Close, Chichester, West Sussex PO19 6SW3
£322K01/230.15 mi22, Lime Close, Chichester, West Sussex PO19 6SW3
£400K09/230.16 mi51, Bishopsgate Walk, Chichester, West Sussex PO19 6FQ3
£400K03/210.17 mi49, Green Lane, Chichester, West Sussex PO19 7NP3
£572.5K06/210.17 mi9, New Park Road, Chichester, West Sussex PO19 7XH3
£350K04/230.19 mi19, Harvester Close, Chichester, West Sussex PO19 6XF3
£290K02/210.21 mi121, Spitalfield Lane, Chichester, West Sussex PO19 6XE3
£330K03/240.21 mi25, Armadale Road, Chichester, West Sussex PO19 7NR3
£330K07/230.21 mi17, Armadale Road, Chichester, West Sussex PO19 7NR3
£610K09/220.22 mi16, Green Lane, Chichester, West Sussex PO19 7NS3
£495K06/210.22 mi15, Green Lane, Chichester, West Sussex PO19 7NS3
£425K06/210.23 mi7, Guilden Road, Chichester, West Sussex PO19 7LA3
£455K10/230.29 mi14, Peter Weston Place, Chichester, West Sussex PO19 7AP3
£380K02/210.31 mi93, St James Road, Chichester, West Sussex PO19 7HR3
£460K11/230.31 mi81, St James Road, Chichester, West Sussex PO19 7HR3
£310K07/230.34 mi38, St James Road, Chichester, West Sussex PO19 7HT3
£430K11/220.34 mi36, St James Road, Chichester, West Sussex PO19 7HT3
£453K03/210.34 mi221, Whyke Road, Chichester, West Sussex PO19 7AH3
£407.5K12/200.36 mi224, Oving Road, Chichester, West Sussex PO19 7EJ3
£470K11/210.37 mi21, Oving Road, Chichester, West Sussex PO19 7EH3
£495K11/220.37 mi59, Oving Road, Chichester, West Sussex PO19 7EN3
£429.9K06/210.37 mi30, Oving Road, Chichester, West Sussex PO19 7EN3
£250K04/240.37 mi27, St James Road, Chichester, West Sussex PO19 7HS3
£500K04/230.38 mi39, Pound Farm Road, Chichester, West Sussex PO19 7PU3
£370K10/220.39 mi25, Pound Farm Road, Chichester, West Sussex PO19 7PX3
£380K05/210.39 mi10, Ormonde Avenue, Chichester, West Sussex PO19 7UX3
£375K01/230.39 mi11, Ormonde Avenue, Chichester, West Sussex PO19 7UX3
£420K05/230.39 mi8, Ormonde Avenue, Chichester, West Sussex PO19 7UX3
£360K05/210.39 mi101, Baxendale Road, Chichester, West Sussex PO19 6US3
£330K05/230.39 mi71, Baxendale Road, Chichester, West Sussex PO19 6US3
£340K05/240.39 mi77, Baxendale Road, Chichester, West Sussex PO19 6US3
£370K06/210.4 mi46, Winden Avenue, Chichester, West Sussex PO19 7UZ3
£320K03/210.4 mi37, Winden Avenue, Chichester, West Sussex PO19 7UZ3
£380K05/210.41 mi10, Ormonde Avenue, Chichester, West Sussex PO19 7UX3
£340K10/230.41 mi51, Swanfield Drive, Chichester, West Sussex PO19 6GL3
£302K04/210.43 mi26, Bostock Road, Chichester, West Sussex PO19 6UH3
£495K06/210.44 mi13, Bognor Road, Chichester, West Sussex PO19 7TF3
£425K11/210.44 mi146, Bognor Road, Chichester, West Sussex PO19 7TQ3
£375K10/230.44 mi132, Bognor Road, Chichester, West Sussex PO19 7TQ3

Local Rents

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

RentDateDistanceAddressBeds 
£1,59506/240.1 miSpitalfield Lane, Chichester, PO193
£1,50006/240.14 miSpitalfield Lane Chichester West Sussex PO19 6SG3
£1,40008/240.15 miLime Close, Chichester3
£1,45006/240.17 miBishopsgate Walk, Chichester3
£1,35006/240.2 miHarvester Close, Chichester3
£2,10007/240.21 miSt Pancras, Chichester3
£1,79507/240.22 miGreen Lane Chichester PO193
£2,40009/240.23 miEast Walls Close, Chichester3
£1,59507/240.25 miBishops Courtyard3
£1,15006/240.27 miVelyn Avenue, Chichester3
£1,85007/240.28 miFranklin Place Chichester PO193
£1,45006/240.29 miArmadale Road, Chichester, PO193
£1,59506/240.29 miRussell Street, Chichester, West Sussex, PO193
£1,45008/240.35 miSt Peters, Chichester3
£1,67507/240.37 miBaxendale Road, Chichester PO193
£1,35008/240.41 miOrmonde Avenue, Chichester, West Sussex3
£1,60007/240.41 miBradshaw Road, Chichester, PO193
£1,65006/240.42 miNorth Street, Chichester3
£1,27506/240.42 miBroyle Road, Chichester3
£1,75010/240.43 mi-3
£1,60007/240.43 miBroyle Road, Chichester3
£1,95008/240.45 mi3 bedroom Terraced House in Chichester3
£1,35011/240.47 mi-3
£1,45006/240.48 miOving Terrace, Chichester3
£1,50007/240.48 miSomerstown, Chichester3
£1,50007/240.48 miSomerstown, Chichester3
£1,45007/240.48 miSomerstown, Chichester, West Sussex3
£1,60006/240.52 miJoseph Lancaster Lane Keepers Green PO193
£1,45008/240.53 miKing George Gardens, Chichester3
£1,50008/240.53 miPalmers Field Avenue, Chichester, West Sussex, PO193
£1,50008/240.54 miLake Road, Chichester3
£1,45007/240.54 miOrchard Street Chichester PO193
£1,70007/240.54 miCentral Chichester3
£1,45006/240.57 miCharles Avenue Chichester PO193
£1,40006/240.57 miCavendish Street, Chichester3
£1,65007/240.57 miCavendish Street, Chichester3
£1,40007/240.57 miCavendish Street, Chichester3
£1,49506/240.57 mi-3
£1,49508/240.57 mi-3
£1,59507/240.59 miChequers Place, Oving Road, Chichester3

Local Area Statistics

Population in PO19

30,184

Population in Chichester

75,877

Town centre distance

0.49 miles away

Nearest school

0.30 miles away

Nearest train station

0.77 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+44%

Sales demand

Balanced market

Capital growth (5yrs)

+11%

Property History

Listed for £235,000

November 19, 2024

Floor Plans

Description

  • No Onward Chain +
  • In Need Of Modernising +
  • Large Rear Garden +
  • Three Bedrooms +
  • Close To Schools +
  • Terraced +
  • Walking Distance To City Centre +
  • Potential Project +
  • Council Band C +
  • Prime Location +

Hancock and Partners are pleased to present this three-bedroom terraced house on Adelaide Road, Chichester, offered with no onward chain. The property features a bright bay-fronted living room, a separate kitchen with storage, a downstairs bathroom, and three bedrooms upstairs, including a spacious master. Outside, there is a generous rear garden with a mix of lawn, paving, and storage sheds. Situated in the historic city of Chichester, known for its rich heritage, vibrant cultural scene, and proximity to the South Downs and the coast, this home offers a perfect blend of charm and convenience.

Hancock and Partners are delighted to present this charming three-bedroom terraced house on Adelaide Road, Chichester, offered to the market with no onward chain.

The property features a spacious living room with a bay window, providing an abundance of natural light, and a separate kitchen with built-in storage. On the ground floor, there is a family bathroom with a shower over the bath. Upstairs, the accommodation includes a generously sized master bedroom spanning the width of the house with views of the rear garden, a further double bedroom, a single bedroom, and a landing.

Outside, the property boasts a large rear garden, partly paved and laid to lawn, with the added benefit of storage sheds at the back.

Chichester, a historic city in West Sussex, is celebrated for its rich heritage and vibrant culture. At its centre stands the magnificent Chichester Cathedral, a marvel of medieval architecture. The city blends Georgian and Roman influences, featuring charming streets, ancient walls, and remnants of a Roman amphitheatre. Renowned for its arts and culture, Chichester is also home to the celebrated Chichester Festival Theatre. Nestled between the South Downs National Park and the coast, Chichester offers an ideal combination of urban amenities and natural beauty, making it a sought-after location for residents and visitors alike.

Additional Information :
Tenure : Freehold
Broadband : Up To 1000mbps
Mobile : EE, Three, O2, Vodafone
Council Band : C

Agent Details

Hancock & Partners Limited, Chichester

01202 145340

Next Steps?

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