2 Bed Flat, Single Let, Littlehampton, BN16 3BL, £240,000

Elm Place, Rustington, Littlehampton, West Sussex, BN16 3BL - 5 months ago

Sold STC
Leasehold
BTL
ROI: 3%
~72 m²
+9 photos

ValuationUndervalued

Sold Prices£107.5K - £650K
Sold Prices/m²£1.9K/m² - £4.9K/m²

 

 

Square Metres

~72 m²
Price/m²£3.3K/m²

Value Estimate

£246,218
BMV3%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£60,000

Stamp Duty & Legal Fees

£13,200

Total Cash In

£73,200

 

 

Cash Out

 

Rent Range

£995 - £1,600

Rent Estimate

£1,173

Running Costs/mo

£1,005

Cashflow/mo

£168

Cashflow/yr

£2,021

ROI

3%

Gross Yield

6%

Local Sold Prices

50 sold prices from £107.5K to £650K, average is £250K. £1.9K/m² to £4.9K/m², average is £3.4K/m².

PriceDateDistanceAddressBeds 
£275K12/220.04 mi3, Elm Place, Rustington, Littlehampton, West Sussex BN16 3BL2
£220K01/210.04 mi42, Elm Place, Rustington, Littlehampton, West Sussex BN16 3BL2
£182.5K02/230.1 miFlat 60, Abbotswood, Station Road, Rustington, Littlehampton, West Sussex BN16 3BJ2
£187.5K06/230.1 miFlat 34, Abbotswood, Station Road, Rustington, Littlehampton, West Sussex BN16 3BJ2
£260K01/230.19 mi7, The Limes, Rustington, Littlehampton, West Sussex BN16 3AQ2
£255K12/220.19 mi9, The Limes, Rustington, Littlehampton, West Sussex BN16 3AQ2
£235K06/210.21 miFlat 8, Trafalgar Court, Woodlands Avenue, Rustington, Littlehampton, West Sussex BN16 3ES2
£257K11/220.22 miFlat 1, Mendip Court, Woodlands Avenue, Rustington, Littlehampton, West Sussex BN16 3DX2
£233.5K06/210.24 mi36, Chichester Court, Rustington, Littlehampton, West Sussex BN16 3EL2
£140K08/230.24 mi23, Chichester Court, Rustington, Littlehampton, West Sussex BN16 3EL2
£206K11/220.26 mi187, The Street, Rustington, Littlehampton, West Sussex BN16 3DN2
£205K11/220.26 mi181, The Street, Rustington, Littlehampton, West Sussex BN16 3DN2
£225K08/230.29 mi42, Allangate Drive, Rustington, Littlehampton, West Sussex BN16 3JE2
£300K09/230.39 miFlat 5, Pegasus Court, The Street, Rustington, Littlehampton, West Sussex BN16 3NS2
£290K01/210.39 miFlat 2, Pegasus Court, The Street, Rustington, Littlehampton, West Sussex BN16 3NS2
£227.5K04/210.39 miFlat 30, Pegasus Court, The Street, Rustington, Littlehampton, West Sussex BN16 3NS2
£170K06/210.4 mi51, The Grangeway, Rustington, Littlehampton, West Sussex BN16 2QS2
£280K09/210.4 mi34, The Grangeway, Rustington, Littlehampton, West Sussex BN16 2QS2
£258K12/200.4 mi43, The Grangeway, Rustington, Littlehampton, West Sussex BN16 2QS2
£274K11/220.4 mi36, The Grangeway, Rustington, Littlehampton, West Sussex BN16 2QS2
£107.5K06/210.47 miFlat 11, Richmond Court, Sea Lane, Rustington, Littlehampton, West Sussex BN16 2TJ2
£198K06/230.47 miFlat 7, Richmond Court, Sea Lane, Rustington, Littlehampton, West Sussex BN16 2TJ2
£235K03/210.48 mi1, Cedar Lodge, Rustington, Littlehampton, West Sussex BN16 2RJ2
£250K05/230.49 miFlat 8, Rowan House, Cudlow Garden, Rustington, Littlehampton, West Sussex BN16 2RH2
£253K10/230.5 miFlat 2, Ilex House, Cudlow Garden, Rustington, Littlehampton, West Sussex BN16 2RL2
£255K03/230.5 miFlat 6, Ilex House, Cudlow Garden, Rustington, Littlehampton, West Sussex BN16 2RL2
£255K11/230.5 mi1, Mulberry Lodge, Rustington, Littlehampton, West Sussex BN16 2RN2
£260K08/230.51 mi9, Langmeads Close, East Preston, Littlehampton, West Sussex BN16 3FF2
£250K03/230.52 mi2, Hazel Lodge, Rustington, Littlehampton, West Sussex BN16 2RW2
£225K12/200.52 mi4, Hazel Lodge, Rustington, Littlehampton, West Sussex BN16 2RW2
£257K10/210.55 miFlat 4, Charlotte House, Station Road, East Preston, Littlehampton, West Sussex BN16 3AG2
£229K04/210.55 miFlat 7, Charlotte House, Station Road, East Preston, Littlehampton, West Sussex BN16 3AG2
£150K05/230.56 miFlat 28, Milliers Court, Worthing Road, East Preston, Littlehampton, West Sussex BN16 1AR2
£275K03/230.57 mi4, Summers Close, Rustington, Littlehampton, West Sussex BN16 2HY2
£295K02/210.57 miThe Bays, 3, Walnut Avenue, Rustington, Littlehampton, West Sussex BN16 3NY2
£285K03/210.57 mi1, Walnut Avenue, Rustington, Littlehampton, West Sussex BN16 3NY2
£250K03/210.58 miFlat 7, Dolphin Court, Dolphin Way, Rustington, Littlehampton, West Sussex BN16 2EN2
£216K04/210.59 mi6, The Leas, Rustington, Littlehampton, West Sussex BN16 3SE2
£195K07/230.59 mi21 Greenleas, The Leas, Rustington, Littlehampton, West Sussex BN16 3SE2
£255K09/230.59 mi6, The Leas, Rustington, Littlehampton, West Sussex BN16 3SE2
£195K11/200.6 miFlat 9, Shaftesbury Court, Shaftesbury Road, Rustington, Littlehampton, West Sussex BN16 2HU2
£225K10/230.6 miFlat 12a, Shaftesbury Court, Shaftesbury Road, Rustington, Littlehampton, West Sussex BN16 2HU2
£412K12/220.65 miFlat 18, Heritage Place, Broadmark Lane, Rustington, Littlehampton, West Sussex BN16 2GY2
£270K01/230.67 miFlat 7, Rawson Court, Sea Lane, Rustington, Littlehampton, West Sussex BN16 2SD2
£250K05/230.67 miFlat 8, Rawson Court, Sea Lane, Rustington, Littlehampton, West Sussex BN16 2SD2
£650K03/230.68 miFlat 4, Fosters, Fosters Close, East Preston, Littlehampton, West Sussex BN16 2TT2
£398K11/200.69 miFlat 5, Preston Hall, The Street, East Preston, Littlehampton, West Sussex BN16 1HU2
£191K12/200.71 mi24, Walders Road, Rustington, Littlehampton, West Sussex BN16 3PE2
£227K06/210.72 miDrake Court, 23, Overstrand Avenue, Rustington, Littlehampton, West Sussex BN16 2JS2
£252K02/230.72 miGrenville Court, 27, Overstrand Avenue, Rustington, Littlehampton, West Sussex BN16 2JS2

Local Rents

13 rents from £995/mo to £1.6K/mo, average is £1.3K/mo.

RentDateDistanceAddressBeds 
£1,20012/240.23 miDinsdale Gardens, Rustington, Littlehampton, BN162
£99512/240.23 miMendip Court, Woodlands Avenue, Rustington, West Sussex2
£1,20012/240.26 miWoodlands Avenue, Rustington, Littlehampton2
£1,60012/240.27 miFircroft Crescent, Rustington2
£1,25012/240.28 miFittleworth Garden, Rustington, West Sussex2
£1,15012/240.28 miFittleworth Gardens, Rustington, Rustington, BN162
£1,35012/240.45 miOld Manor Road, Rustington2
£1,32512/240.51 miSutton Avenue, Rustington, Littlehampton, West Sussex, BN162
£1,30003/250.55 mi-2
£1,25003/250.56 mi-2
£1,20012/240.58 miDolphin Way, Rustington, Littlehampton, West Sussex, BN162
£1,19512/240.59 miCopse View, East Preston2
£1,40012/240.61 miRustington2

Local Area Statistics

Population in BN16

28,125

Population in Littlehampton

56,651

Town centre distance

1.11 miles away

Nearest school

0.30 miles away

Nearest train station

0.60 miles away

 

 

Rental growth (12m)

+13%

Sales demand

Balanced market

Capital growth (5yrs)

+16%

Property History

Price changed to £240,000

December 26, 2024

Listed for £250,000

November 21, 2024

Floor Plans

Description

  • Gas Central Heating +
  • Long Lease +
  • Garage +
  • Ground Floor +
  • Chain Free +

This spacious two-bedroom GROUND FLOOR apartment is located in the popular and conveniently positioned "Elm Place". Ideally situated with excellent transport links, including bus stops, a mainline train station, and a fantastic village shopping centre, all within walking distance. The property benefits from generously sized rooms and a well-designed layout. Both bedrooms are doubles, with the master bedroom measuring an impressive 13'11 x 12'5 and featuring built-in wardrobes. The kitchen provides direct access to a private patio area, which overlooks the communal grounds. Additional features include a garage within the compound and ample on-road parking.

Agent Details

Graham Butt Estate Agents, Rustington

01903 944870

Next Steps?

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