2 Bed Flat, Single Let, Chichester, PO18 9LG, £200,000

Davys Court, Funtington, Chichester, PO18 9LG - 1 views - 5 months ago

Sold STC
BTL
ROI: 2%
~68 m²
+11 photos

ValuationUndervalued

Sold Prices£155K - £574K
Sold Prices/m²£2.6K/m² - £4.4K/m²

 

 

Square Metres

~68.11 m²
Price/m²£2.9K/m²

Value Estimate

£249,134
BMV25%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£50,000

Stamp Duty & Legal Fees

£11,200

Total Cash In

£61,200

 

 

Cash Out

 

Rent Range

£750 - £5,000

Rent Estimate

£950

Running Costs/mo

£835

Cashflow/mo

£115

Cashflow/yr

£1,380

ROI

2%

Gross Yield

6%

Local Sold Prices

22 sold prices from £155K to £574K, average is £195K. £2.6K/m² to £4.4K/m², average is £3.7K/m².

PriceDateDistanceAddressBeds 
£240K10/221.9 mi5, Brook Road, Hambrook, Chichester, West Sussex PO18 8FF2
£275K08/222.27 miFlat 6, Walton House, Walton Lane, Bosham, Chichester, West Sussex PO18 8QB2
£277.5K03/222.28 miFlat 4, Walton House, Walton Lane, Bosham, Chichester, West Sussex PO18 8QB2
£165K07/212.45 miFlat 33, Merrivale Court, Stein Road, Southbourne, Emsworth, West Sussex PO10 8LL2
£176K10/222.45 miFlat 29, Merrivale Court, Stein Road, Southbourne, Emsworth, West Sussex PO10 8LL2
£200K12/222.45 miFlat 10, Merrivale Court, Stein Road, Southbourne, Emsworth, West Sussex PO10 8LL2
£187.5K10/222.46 miFlat 35, Merrivale Court, Stein Road, Southbourne, Emsworth, West Sussex PO10 8LL2
£178.5K11/222.46 miFlat 20, Merrivale Court, Stein Road, Southbourne, Emsworth, West Sussex PO10 8LL2
£182K11/202.46 miFlat 36, Merrivale Court, Stein Road, Southbourne, Emsworth, West Sussex PO10 8LL2
£190K01/232.46 miFlat 39, Merrivale Court, Stein Road, Southbourne, Emsworth, West Sussex PO10 8LL2
£205K11/222.46 miFlat 8, Merrivale Court, Stein Road, Southbourne, Emsworth, West Sussex PO10 8LL2
£189.9K03/232.46 miFlat 26, Merrivale Court, Stein Road, Southbourne, Emsworth, West Sussex PO10 8LL2
£220K02/232.51 mi1, Bourne View Close, Emsworth, West Sussex PO10 8NS2
£235K11/222.51 mi14, Bourne View Close, Emsworth, West Sussex PO10 8NS2
£230K05/212.51 mi8, Bourne View Close, Emsworth, West Sussex PO10 8NS2
£574K03/232.58 miFlat 3, Northlands House, Salthill Road, Chichester, West Sussex PO19 3PY2
£220K01/222.73 mi11, Cambria Close, Bosham, Chichester, West Sussex PO18 8QT2
£199.9K06/222.75 mi31, Homefield Road, Emsworth, West Sussex PO10 8TN2
£177K07/222.75 mi12, Homefield Road, Emsworth, West Sussex PO10 8TN2
£190K02/212.76 mi20, Longlands Road, Emsworth, West Sussex PO10 8HL2
£155K10/212.76 mi65, Longlands Road, Emsworth, West Sussex PO10 8HL2
£190K09/222.77 mi28, Churcher Road, Emsworth, West Sussex PO10 8TJ2

Local Rents

48 rents from £750/mo to £5K/mo, average is £1.5K/mo.

RentDateDistanceAddressBeds 
£1,45007/240.59 miDowns Road, Funtington, Chichester3
£3,30007/240.72 miThe Gardens, West Ashling, PO18 8DX4
£1,29512/240.82 miDown Street, West Ashling, Chichester, PO182
£1,40006/240.85 miHeather Close, West Ashling, Chichester4
£1,20006/240.95 miWest Ashling Road, Hambrook, Chichester, PO181
£3,95006/241.21 miDowns Road, West Stoke, PO185
£1,50012/241.27 miHeron Lane, Hambrook, Chichester, PO182
£1,20012/241.29 miEgret Court End, Chichester1
£1,00012/241.43 miThe Avenue, Hambrook, PO181
£2,80001/241.49 mi-6
£99506/241.55 miDowns Road, West Stoke, Chichester1
£85007/241.57 miThe Annexe, Post Office Cottage Chilgrove1
£2,75006/241.57 miCooks Lane, Walderton, Chichester, PO185
£2,25007/241.59 miMudberry Lane, Bosham, Chichester3
£2,19507/241.59 miMudberry Lane, Bosham, Chichester3
£1,19506/241.7 miBroad Road, Hambrook. PO18 8RG3
£1,60007/241.84 miBrooks Lane, Bosham, Chichester3
£1,25006/241.85 miThe Halt, Hambrook, Chichester, PO18 8FJ, PO182
£1,10006/241.87 miThe Halt, Hambrook, Chichester. PO18 8FJ2
£1,40006/241.87 miMain Road, Chichester2
£75007/241.87 miMain Road, Chichester1
£1,90007/241.89 miStoughton, Chichester3
£1,40006/241.9 miMain Road, Bosham, Chichester, PO183
£1,95006/241.93 miStanbury Close Bosham PO185
£2,00006/241.93 miStanbury Close Bosham PO185
£4,50012/241.94 miMain Road Chichester PO185
£1,74007/241.97 miBrook Cottage, Cutmill View3
£4,50012/241.99 miMain Road, Bosham, Chichester5
£1,05012/242.01 miBroadbridge Mill, Old Bridge Road, Chichester, PO182
£5,00007/242.03 miStation Road, Bosham, Chichester, West Sussex, PO184
£5,00007/242.03 miStation Road, Bosham, Chichester, West Sussex, PO184
£1,55006/242.04 miWilliams Road, Chichester3
£1,75006/242.05 miWilliams Road, Bosham, Chichester, PO182
£1,50012/242.05 miWilliams Road, Bosham, Chichester, PO182
£2,60006/242.07 miPenwarden Way, Bosham, West Sussex, PO185
£95008/242.08 miMain Road, Nutbourne PO18 8RR1
£1,20006/242.16 miGifford Road, Bosham2
£2,20012/242.18 miHither Green, Southbourne4
£1,29506/242.22 miAldsworth, PO102
£1,30011/242.27 mi-2
£2,75006/242.32 miInlands Road, Nutbourne, PO184
£1,39507/242.33 miMain Road, Nutbourne. PO18 8RL3
£1,45006/242.36 miGlenwood Road, Emsworth. PO10 8NL3
£2,50006/242.38 miMain Road, Nutbourne, West Sussex, PO184
£2,40004/242.38 mi-4
£1,30001/252.41 mi-3
£1,45006/242.41 miPriors Orchard, Southbourne, Emsworth, PO102
£95006/242.47 mi-1

Local Area Statistics

Population in PO18

13,225

Population in Chichester

75,877

Town centre distance

4.20 miles away

Nearest school

0.80 miles away

Nearest train station

1.91 miles away

 

 

Rental growth (12m)

-16%

Sales demand

Buyer's market

Capital growth (5yrs)

+31%

Property History

Price changed to £200,000

January 27, 2025

Listed for £219,950

November 30, 2024

Floor Plans

Description

  • Ground Floor Apartment +
  • Funtington Village Location +
  • Two Bedrooms +
  • Modern Kitchen +
  • Bathroom +
  • Living Room +
  • Small Patio Area +
  • Allocated Parking +
  • Well Tended Communal Gardens +
  • Viewing Recommended +

OFFERED WITH NO FORWARD CHAIN! A wonderful opportunity has arisen to purchase this lovely purpose built ground floor apartment, set in the picturesque West Sussex village of Funtington, which has a lovely village pub and is situated on the edge of a National Nature Reserve. The accommodation comprises two bedrooms, living room which has doors to a small patio area, a modern fitted kitchen and a bathroom. The property benefits from an allocated parking space, visitor parking and lovely communal gardens. The vendor also informs us that the property comes with a share of the freehold. The historic cathedral city of Chichester with its vibrant shopping scene and famous festival theatre lies 5 miles approx. away. Contact us at your soonest opportunity to book an internal viewing. 

LOUNGE/DINER 17' x 11' 4" (5.18m x 3.45m)  

KITCHEN 7' 7" x 6' (2.31m x 1.83m)  

BEDROOM ONE 11' 6" x 8' 8" (3.51m x 2.64m)  

BEDROOM TWO 11' 1" x 5' 6" (3.38m x 1.68m)  

BATHROOM  

AGENTS NOTE We understand the property is being sold with a share of the freehold, and the current annual service charge is £1200 approx.

125 year lease from 1990.

90 years remaining.

Agent Details

Jeffries & Dibbens Estate and Lettings Agents, Havant

0238 144 9931

Next Steps?

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