2 Bed Terraced House, Single Let, Bognor Regis, PO22 8GL, £255,000

1 Wish Field Drive, PO22 8GL - 4 months ago

Under Offer
BTL
~65 m²
+16 photos

ValuationUndervalued

Sold Prices£219.5K - £490K
Sold Prices/m²£3.3K/m² - £7.5K/m²

 

 

Square Metres

~65.40 m²
Price/m²£3.9K/m²

Value Estimate

£300,538
BMV18%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£63,750

Stamp Duty & Legal Fees

£14,200

Total Cash In

£77,950

 

 

Cash Out

 

Rent Range

£875 - £1,600

Rent Estimate

£950

Running Costs/mo

£1,007

Cashflow/mo

£-57

Cashflow/yr

£-682

Gross Yield

4%

Local Sold Prices

50 sold prices from £219.5K to £490K, average is £302K. £3.3K/m² to £7.5K/m², average is £4.6K/m².

PriceDateDistanceAddressBeds 
£265K02/230.03 mi23, Wish Field Drive, Felpham, Bognor Regis, West Sussex PO22 8GL2
£310K11/220.04 mi11, Blackberry Copse, Felpham, Bognor Regis, West Sussex PO22 8GP2
£235K09/200.04 mi15, Blackberry Copse, Felpham, Bognor Regis, West Sussex PO22 8GP2
£310K07/230.04 mi7, Blackberry Copse, Felpham, Bognor Regis, West Sussex PO22 8GP2
£289K03/240.16 mi53, Blackthorn Avenue, Felpham, Bognor Regis, West Sussex PO22 8GA2
£378K06/210.21 mi28, Lionel Avenue, Bognor Regis, West Sussex PO22 8LG2
£230K10/200.27 mi9, Outerwyke Gardens, Bognor Regis, West Sussex PO22 8LU2
£282K03/210.27 mi5, Outerwyke Gardens, Bognor Regis, West Sussex PO22 8LU2
£310.1K06/210.31 mi24, Courtlands Way, Bognor Regis, West Sussex PO22 6AW2
£285K10/230.32 mi10, Wick Close, Bognor Regis, West Sussex PO22 8QE2
£264K11/200.33 mi12, Homefield Avenue, Bognor Regis, West Sussex PO22 6AN2
£350K02/230.33 mi12, Homefield Avenue, Bognor Regis, West Sussex PO22 6AN2
£375K08/230.34 mi23, Alfriston Close, Bognor Regis, West Sussex PO22 6QB2
£345K07/230.34 mi22, Walberton Close, Bognor Regis, West Sussex PO22 8HZ2
£285K11/200.35 mi11, Chesswood Avenue, Bognor Regis, West Sussex PO22 6AX2
£335K04/240.4 mi26, Haywards Close, Bognor Regis, West Sussex PO22 8HF2
£395K12/220.42 miNumber Eight, Clovelly Avenue, Bognor Regis, West Sussex PO22 8QN2
£377.5K12/200.42 mi2, Whitelands, Bognor Regis, West Sussex PO22 8JF2
£340K11/200.42 mi10, Old Manor House Gardens, Bognor Regis, West Sussex PO22 8QR2
£272.5K11/220.43 mi26, The Hartings, Bognor Regis, West Sussex PO22 6QF2
£273K07/230.43 mi1, The Hartings, Bognor Regis, West Sussex PO22 6QF2
£325K06/210.43 mi4, Leopold Close, Bognor Regis, West Sussex PO22 8JJ2
£236K02/230.44 mi2, Uppark Way, Bognor Regis, West Sussex PO22 6QQ2
£298K02/240.44 mi1, Uppark Way, Bognor Regis, West Sussex PO22 6QQ2
£248.5K12/200.46 mi26, Flansham Park, Bognor Regis, West Sussex PO22 6QH2
£290K11/230.47 mi9, Andrew Avenue, Bognor Regis, West Sussex PO22 7QS2
£274.3K07/230.47 mi27, Compton Drive, Bognor Regis, West Sussex PO22 6QW2
£275.5K10/230.47 mi38, Compton Drive, Bognor Regis, West Sussex PO22 6QW2
£230K05/210.47 mi33, Compton Drive, Bognor Regis, West Sussex PO22 6QW2
£267K01/240.47 mi18, Compton Drive, Bognor Regis, West Sussex PO22 6QW2
£255K08/210.47 mi22, Compton Drive, Bognor Regis, West Sussex PO22 6QW2
£226K11/200.47 mi16, Compton Drive, Bognor Regis, West Sussex PO22 6QW2
£240K01/210.47 mi27, Compton Drive, Bognor Regis, West Sussex PO22 6QW2
£319.5K02/210.48 mi15, Mornington Crescent, Bognor Regis, West Sussex PO22 8HL2
£315K08/210.48 mi10, Castlereagh Green, Bognor Regis, West Sussex PO22 8HU2
£360K11/200.49 mi6, Icarus Way, Bognor Regis, West Sussex PO22 7QF2
£411K11/230.49 mi9, Stalham Way, Bognor Regis, West Sussex PO22 8ET2
£440K01/230.52 mi18, Andrew Avenue, Bognor Regis, West Sussex PO22 7QW2
£365K09/230.52 mi19, Findon Drive, Bognor Regis, West Sussex PO22 6QJ2
£306K11/230.52 mi45, Findon Drive, Bognor Regis, West Sussex PO22 6QJ2
£321K01/230.52 mi42, Findon Drive, Bognor Regis, West Sussex PO22 6QJ2
£340K07/230.52 mi62, Wroxham Way, Bognor Regis, West Sussex PO22 8ES2
£490K11/200.53 miHoe Barn Stables, Hoe Lane, Flansham, Bognor Regis, West Sussex PO22 8NS2
£320K05/210.54 mi5, Cunningham Gardens, Bognor Regis, West Sussex PO22 7QP2
£260K03/210.54 mi5, Pulborough Way, Bognor Regis, West Sussex PO22 6QR2
£275K01/240.54 mi61, Pulborough Way, Bognor Regis, West Sussex PO22 6QR2
£385K09/230.56 mi27a, South Drive, Bognor Regis, West Sussex PO22 7PY2
£294K11/200.56 mi1, Ormesby Crescent, Bognor Regis, West Sussex PO22 8EN2
£340K07/230.58 mi10, Ashmere Lane, Bognor Regis, West Sussex PO22 7QT2
£219.5K03/210.59 mi9, Kynon Gardens, Bognor Regis, West Sussex PO22 6RF2

Local Rents

17 rents from £875/mo to £1.6K/mo, average is £1.2K/mo.

RentDateDistanceAddressBeds 
£1,20009/240.18 miSloe Gardens, Felpham2
£1,30009/240.23 miFelpham2
£1,20006/240.25 miFelpham2
£95007/240.3 miOuterwyke Road, Felpham2
£1,30007/240.3 miStanhorn Grove, Felpham2
£1,60005/240.3 mi-2
£1,20006/240.32 miSanctuary Gardens, Felpham, Bognor Regis2
£95006/240.33 miOuterwyke Road Felpham Bognor Regis West Sussex2
£1,10007/240.34 miNorthwyke Close, Bognor Regis2
£1,10007/240.34 miNorthwyke Close, Bognor Regis2
£1,15007/240.38 miFittleworth Drive, BOGNOR REGIS2
£87506/240.41 miFelpham Way, Felpham2
£1,40007/240.48 miGlynde Crescent, Bognor Regis, West Sussex, PO222
£1,40007/240.52 miWroxham Way, Felpham, Bognor Regis2
£1,25008/240.54 miHenfield Way, Felpham, Bognor Regis, PO222
£1,25008/240.55 miHenfield Way, Bognor Regis, PO222
£1,20007/240.57 miBaldwin Close, Bognor Regis2

Local Area Statistics

Population in PO22

28,866

Population in Bognor Regis

68,380

Town centre distance

1.63 miles away

Nearest school

0.40 miles away

Nearest train station

1.76 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+3%

Sales demand

Balanced market

Capital growth (5yrs)

+16%

Property History

Listed for £255,000

November 20, 2024

Floor Plans

Description

  • TWO BEDROOM HOUSE +
  • OFF STREET PARKING +
  • Garden +
  • lounge diner +
  • ensuite to both bedrooms +
  • Car port +
  • south facing garden +
  • modern end of terrace +
  • refitted kitchen +
  • Positioned in a sought after close to amenities and shops +

Alexander Philips and Welch Estate Agents welcome you to this stunning terraced house located in the sought-after location of Wish Field Drive, PO22 8GL. This modern end of terrace property boasts two bedrooms both with en-suite bathrooms, and a lovely reception room. The property is constructed to a high standard and is being offered for sale as Freehold.

Upon entering the property, you will be greeted by a spacious lounge diner, which is perfect for entertaining guests. The lounge diner leads to a refitted kitchen, which is equipped with modern appliances and is perfect for preparing meals for family and friends. The property also benefits from two bedrooms, each with its own en-suite bathroom.

Other features of this property include off-street parking, a car port, and a south-facing garden, which is perfect for enjoying the sunshine during the summer months. The property is positioned in a sought-after location close to amenities and shops, making it an ideal choice for families or professionals looking for a convenient location.

In summary, this property is a must-see for anyone looking for a modern and stylish home that is ready to move into. The price guide for this property is £255,000, and we highly recommend viewing to appreciate all that this property has to offer. Contact us today to book your viewing.
Kitchen

Reception 1

Downstairs W.C

Bedroom 1

Bedroom 2

Bathroom

Agent Details

Alexander Philips Ltd, Worthing

01903 497251

Next Steps?

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