3 Bed Terraced House, Refurb/BRRR, Littlehampton, BN17 5PE, £290,000

Norfolk Gardens, Littlehampton, BN17 5PE - 5 views - 5 months ago

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

ValuationUndervalued

Sold Prices£175K - £710K
Sold Prices/m²£2.5K/m² - £6.6K/m²

 

 

Square Metres

~93 m²
Price/m²£3.1K/m²

Value Estimate

£306,000
BMV2%

 

 

End Value (After Refurb)

£325,150

Uplift in Value

+8%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£72,500

Stamp Duty & Legal Fees

£12,700

Refurb Costs

£43,401

Bridging Loan Interest

£7,613

Total Cash In

£137,963

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£325,150

Mortgage (After Refinance)

£243,863

Mortgage LTV

75%

Cash Released

£26,363

Cash Left In

£111,600

Equity

£81,288

Rent Range

£1,250 - £1,850

Rent Estimate

£1,443

Running Costs/mo

£1,325

Cashflow/mo

£118

Cashflow/yr

£1,420

ROI

1%

Gross Yield

6%

Local Sold Prices

50 sold prices from £175K to £710K, average is £349K. £2.5K/m² to £6.6K/m², average is £3.8K/m².

PriceDateDistanceAddressBeds 
£250K04/210.05 mi9, Norfolk Gardens, Littlehampton, West Sussex BN17 5PE3
£260K11/200.06 mi3, Trinity Way, Littlehampton, West Sussex BN17 5SR3
£272K10/200.06 mi3a, Trinity Way, Littlehampton, West Sussex BN17 5SR3
£288K03/210.06 mi42, Norfolk Gardens, Littlehampton, West Sussex BN17 5PF3
£270K09/230.06 mi62, Norfolk Gardens, Littlehampton, West Sussex BN17 5PF3
£260K03/210.06 mi59, Norfolk Gardens, Littlehampton, West Sussex BN17 5PF3
£350K09/210.09 mi4, The Cloisters, Littlehampton, West Sussex BN17 5ST3
£340K06/210.12 mi39, Western Road, Littlehampton, West Sussex BN17 5PG3
£710K11/220.12 mi51, Western Road, Littlehampton, West Sussex BN17 5PG3
£360K11/210.13 mi14, Woodlands Road, Littlehampton, West Sussex BN17 5PP3
£344K11/200.13 mi17, Woodlands Road, Littlehampton, West Sussex BN17 5PP3
£535K07/230.16 mi8, Southway, Littlehampton, West Sussex BN17 6QW3
£367K12/200.16 mi17, Southway, Littlehampton, West Sussex BN17 6QW3
£562.5K03/230.16 mi20, Southway, Littlehampton, West Sussex BN17 6QW3
£365K03/210.18 miNew House, Western Road, Littlehampton, West Sussex BN17 5NP3
£575K07/210.19 mi3, St Winefrides Road, Littlehampton, West Sussex BN17 5NL3
£470K07/230.23 mi10, The Winter Knoll, Littlehampton, West Sussex BN17 6ND3
£410K11/210.23 mi6, The Winter Knoll, Littlehampton, West Sussex BN17 6ND3
£415K03/210.23 mi22, The Estuary, Littlehampton, West Sussex BN17 6NE3
£525K03/210.25 mi3, Maltravers Drive, Littlehampton, West Sussex BN17 5EY3
£455K07/230.28 mi78, Parkside Avenue, Littlehampton, West Sussex BN17 6BJ3
£175K04/230.29 mi23, Ketch Road, Littlehampton, West Sussex BN17 6RE3
£340K01/210.3 mi16, Thames Close, Littlehampton, West Sussex BN17 6PZ3
£542.5K02/230.31 mi7, St Marys Close, Littlehampton, West Sussex BN17 5PZ3
£575K08/230.35 mi6, Rayden Close, Littlehampton, West Sussex BN17 5QF3
£319K04/230.35 mi51, Leeward Road, Littlehampton, West Sussex BN17 6PQ3
£440K06/210.35 mi3, St Marys Close, Littlehampton, West Sussex BN17 5PZ3
£425K09/230.37 mi34, Esher Drive, Littlehampton, West Sussex BN17 6AA3
£450K03/210.39 mi47, St Marys Close, Littlehampton, West Sussex BN17 5QE3
£505K10/230.39 mi16, Parkside Avenue, Littlehampton, West Sussex BN17 6BG3
£390K02/230.4 mi7, Leeward Road, Littlehampton, West Sussex BN17 6PG3
£366K12/220.4 mi60, The Winter Knoll, Littlehampton, West Sussex BN17 6NQ3
£268K06/210.4 mi76, The Winter Knoll, Littlehampton, West Sussex BN17 6NQ3
£325K08/210.41 mi98, East Street, Littlehampton, West Sussex BN17 6AN3
£430K11/220.41 mi56, East Street, Littlehampton, West Sussex BN17 6AN3
£325K01/210.42 mi14, Meadow Way, Littlehampton, West Sussex BN17 6BW3
£282.5K12/200.42 mi9, The Hooe, Littlehampton, West Sussex BN17 6PS3
£210K02/210.42 mi127, East Street, Littlehampton, West Sussex BN17 6AJ3
£350K03/230.43 mi3, St Marys Gardens, Littlehampton, West Sussex BN17 5QA3
£348K12/220.44 mi87, The Winter Knoll, Littlehampton, West Sussex BN17 6NQ3
£325K05/210.44 mi9, The Cape, Littlehampton, West Sussex BN17 6PL3
£255K09/210.44 mi29, The Cape, Littlehampton, West Sussex BN17 6PL3
£325K04/230.44 mi2, The Cape, Littlehampton, West Sussex BN17 6PL3
£265K02/210.44 mi56, Beaumont Park, Littlehampton, West Sussex BN17 6PF3
£255K12/200.44 mi60, Beaumont Park, Littlehampton, West Sussex BN17 6PF3
£400K04/210.46 mi8, Goda Road, Littlehampton, West Sussex BN17 6AS3
£450K05/230.46 mi52, The Martlets, Rustington, Littlehampton, West Sussex BN16 2UD3
£310K04/210.47 mi94, Southfields Road, Littlehampton, West Sussex BN17 6PB3
£286K03/210.48 mi15, Norman Close, Littlehampton, West Sussex BN17 6BY3
£259.9K11/200.48 mi5, Southfields Road, Littlehampton, West Sussex BN17 6AF3

Local Rents

36 rents from £1.3K/mo to £1.9K/mo, average is £1.4K/mo.

RentDateDistanceAddressBeds 
£1,40012/240.05 miNorfolk Gardens3
£1,35007/230.18 mi-3
£1,35012/240.18 mi-3
£1,35012/240.18 mi-3
£1,50012/240.28 miGranville Road, Littlehampton3
£1,60003/250.3 mi-3
£1,25012/240.33 mi-3
£1,59903/250.47 mi-3
£1,32512/240.6 miNew Road, Littlehampton3
£1,32512/240.71 miFontwell Close, Rustington3
£1,40012/240.72 mi-3
£1,40012/240.72 mi-3
£1,50012/240.72 miCornwall Road, Littlehampton3
£1,49512/240.72 miKirdford Close, Rustington, Littlehampton3
£1,49512/240.72 miKirdford Close, Rustington, Littlehampton3
£1,49512/240.72 miKirdford Close, Rustington, Littlehampton3
£1,35012/240.73 mi-3
£1,65012/240.74 miParham Close, Rustington, Littlehampton, West Sussex, BN163
£1,40012/240.76 miLinden Road, Littlehampton, West Sussex, BN173
£1,50012/240.76 miMariners Quay, Littlehampton3
£1,30012/240.93 miSussex Street, Littlehampton3
£1,50012/240.98 miChurch Road Rustington BN163
£1,85012/241.02 miShopfield Close, Rustington, Littlehampton, West Sussex, BN163
£1,40004/241.05 mi-3
£1,65012/241.05 miNormanhurst Close, Rustington, Littlehampton, West Sussex3
£1,29512/241.06 miDinsdale Gardens, Rustington3
£1,55012/241.08 miSutton Avenue, Rustington3
£1,37512/241.09 miWick Farm Road, Wick3
£1,45012/241.09 miLarkspur Close, West Sussex3
£1,45012/241.11 miClun Road, Wick3
£1,37512/241.12 miWick Farm Road, Littlehampton3
£1,65012/241.14 miBroadmark Lane, Rustington, BN163
£1,37512/241.15 miManning Road, Littlehampton3
£1,37512/241.17 miCheal Way, Littlehampton3
£1,40012/241.22 miBrookenbee Close, Rustington, BN163
£1,35012/241.22 miWorthing Road, Rustington, Littlehampton, BN163

Local Area Statistics

Population in BN17

28,522

Population in Littlehampton

56,651

Town centre distance

1.04 miles away

Nearest school

0.60 miles away

Nearest train station

0.77 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+10%

Sales demand

Balanced market

Capital growth (5yrs)

+17%

Property History

Price changed to £290,000

February 24, 2025

Listed for £300,000

November 29, 2024

Sold for £166,000

2005

Floor Plans

Description

  • Three Bedrooms with Fitted Wardrobes +
  • End of Terrace House +
  • Gated Driveway with Garage +
  • NO ONWARD CHAIN! +
  • Off-Street Parking Available +
  • In Need of Some Modernisation +
  • Within Walking Distance to Littlehampton Beach +
  • Approx. 973 sq. ft (90.4 sq. m) +

Situated within walking distance to Littlehampton beach, this end of terrace house presents a great opportunity for those looking to create their perfect home. With three bedrooms, all featuring fitted wardrobes, this property offers ample space for any growing family! With potential to modernise, why not let your creative flare run wild and create the home you have always dreamed of. Local amenities, schools, and transport links are also a short drive away, making it an ideal choice for families and professionals alike. With the additional benefit of a gated driveway for one car, garage and on-street parking to the rear, this home is certainly not one to miss. The seller requires a 'Reservation Agreement' to protect serious buyers as they proceed to exchange of contracts.

EPC Rating: D

Agent Details

Cooper Adams Estate Agents, Rustington

01903 254592

Next Steps?

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