3 Bed Bungalow, Refurb/BRRR, Petworth, GU28 0LB, £465,000

Duncton, Near Petworth, West Sussex, GU28 0LB - 2 views - 5 months ago

Under Offer
Refurb/BRRR
ROI: 1%
~93 m²
+6 photos

ValuationOvervalued

Sold Prices£240K - £1.3M
Sold Prices/m²£2.8K/m² - £6.7K/m²

 

 

Square Metres

~93 m²
Price/m²£5K/m²

Value Estimate

£390,756

 

 

End Value (After Refurb)

£430,342

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£116,250

Stamp Duty & Legal Fees

£25,900

Refurb Costs

£43,830

Bridging Loan Interest

£12,206

Total Cash In

£199,936

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£430,342

Mortgage (After Refinance)

£322,756

Mortgage LTV

75%

Cash Left In

£199,936

Equity

£107,585

Rent Range

£1,700 - £2,250

Rent Estimate

£1,975

Running Costs/mo

£1,760

Cashflow/mo

£215

Cashflow/yr

£2,582

ROI

1%

Gross Yield

5%

Local Sold Prices

16 sold prices from £240K to £1.3M, average is £367.5K. £2.8K/m² to £6.7K/m², average is £4.6K/m².

PriceDateDistanceAddressBeds 
£485K08/231.63 mi6, Greenfield, Sutton, Pulborough, West Sussex RH20 1PP3
£893.6K03/211.98 miRother View Cottage, Kilsham Lane, Petworth, West Sussex GU28 0LJ3
£1.3M09/222.52 miPaddock House, Haslingbourne Lane, Petworth, West Sussex GU28 0JJ3
£775K06/232.68 mi1, Chestnut Cottages, Byworth, Petworth, West Sussex GU28 0HP3
£270K12/212.76 mi26, Station Road, Petworth, West Sussex GU28 0EX3
£350K02/222.76 mi12, Station Road, Petworth, West Sussex GU28 0EX3
£295K05/232.76 mi8, Cherry Tree Walk, Petworth, West Sussex GU28 0HS3
£340K03/212.83 mi23, Grove Lane, Petworth, West Sussex GU28 0BT3
£240K04/212.84 mi12, Park Rise, Petworth, West Sussex GU28 0HU3
£240K04/212.84 mi12, Park Rise, Petworth, West Sussex GU28 0HU3
£240K04/212.84 mi12, Park Rise, Petworth, West Sussex GU28 0HU3
£350K11/212.9 mi3, Littlecote, Petworth, West Sussex GU28 0EF3
£385K10/222.9 mi9, Littlecote, Petworth, West Sussex GU28 0EF3
£542.5K06/222.91 mi11, Pound Close, Petworth, West Sussex GU28 0HX3
£450K05/222.91 mi6, Downview Road, Petworth, West Sussex GU28 0EU3
£525K05/222.91 mi1, Downview Road, Petworth, West Sussex GU28 0EU3

Local Rents

2 rents from £1.7K/mo to £2.3K/mo, average is £2K/mo.

RentDateDistanceAddressBeds 
£1,70010/241.75 mi-2
£2,25004/241.8 miGraffham, Petworth, West Sussex, GU283

Local Area Statistics

Population in GU28

6,755

Population in Petworth

6,758

Town centre distance

3.96 miles away

Nearest school

0.10 miles away

Nearest train station

5.24 miles away

 

 

Sales demand

Buyer's market

Capital growth (5yrs)

+19%

Property History

Listed for £465,000

November 22, 2024

Floor Plans

Description

  • Hall +
  • Sitting room +
  • Kitchen +
  • Conservatory +
  • 3 Bedrooms +
  • Bathroom +
  • Oil fired central heating +
  • Large loft with potential for conversion +
  • Double length garage +
  • Gardens of 0.282 acres +

SITUATION:
The property is situated in the centre of the small village of Duncton at the foot of the South Downs. The village has a traditional country pub along with a junior school and Anglican and Catholic churches. Nearby Heath End has an excellent village shop. More comprehensive facilities can be found at Petworth, an attractive old market town perhaps best known for the National Trust owned Petworth House with its beautiful 750 acre parkland. The town offers a good range of shops for everyday needs together with a wealth of antique shops. State schools in the area include Herbert Shiner primary and middle school in Petworth and Midhurst Grammar. In the private sector, Seaford College and Dorset House. Sporting activities include golf at Cowdray Park, Polo at Cowdray Park and horse racing at Goodwood and Fontwell. Communications with London are surprisingly easy with mainline stations at Haslemere (10 miles, Waterloo 60 minutes) and Pulborough (5 miles, Victoria 70 minutes). The A3 (M) is with a 14 mile drive.

DESCRIPTION:
The property comprises a detached bungalow dating from the late 1960's with elevations of brick under a clay tiled roof. It is set back from the road with driveway and lawn at the front and a large lawned garden to the rear. The interior is in need of renovation but has potential for a loft conversion or single storey extension.
OUTSIDE:
The property is approached from the road by a tarmac driveway leading to the garage and flanked by a lawn bordered by mature shrubs. To the rear there is a paved terrace leading to a wide expanse of lawn with a mature tree and garden shed.

SERVICES: Mains water and electricity, private drainage, oil fired central heating.

COUNCIL TAX: Band E. Chichester District Council,

Agent Details

Barrington & Company, Petworth

01798 309657

Next Steps?

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