2 Bed Terraced House, Refurb/BRRR, Chichester, PO19 7LH, £325,000

St. Pancras, Chichester, PO19 7LH - 1 views - 5 months ago

Refurb/BRRR
ROI: 2%
~58 m²
+9 photos

ValuationOvervalued

Sold Prices£210K - £735.8K
Sold Prices/m²£3.3K/m² - £9.8K/m²

 

 

Square Metres

~57.51 m²
Price/m²£5.7K/m²

Value Estimate

£251,155

 

 

End Value (After Refurb)

£256,065

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£81,250

Stamp Duty & Legal Fees

£21,200

Refurb Costs

£26,682

Bridging Loan Interest

£8,531

Total Cash In

£139,413

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£256,065

Mortgage (After Refinance)

£192,049

Mortgage LTV

75%

Cash Left In

£139,413

Equity

£64,016

Rent Range

£995 - £1,700

Rent Estimate

£1,285

Running Costs/mo

£1,077

Cashflow/mo

£208

Cashflow/yr

£2,494

ROI

2%

Gross Yield

5%

Local Sold Prices

50 sold prices from £210K to £735.8K, average is £374.8K. £3.3K/m² to £9.8K/m², average is £4.9K/m².

PriceDateDistanceAddressBeds 
£443K04/210.08 mi50, The Hornet, Chichester, West Sussex PO19 7JJ2
£240K03/210.18 mi76, Adelaide Road, Chichester, West Sussex PO19 7NQ2
£650K03/210.18 mi28, Little London, Chichester, West Sussex PO19 1PB2
£405K06/210.23 mi18, Green Lane, Chichester, West Sussex PO19 7NS2
£385K02/210.23 mi24, Caledonian Road, Chichester, West Sussex PO19 7PH2
£380K06/210.23 mi23, Caledonian Road, Chichester, West Sussex PO19 7PH2
£415K01/210.23 mi18, Caledonian Road, Chichester, West Sussex PO19 7PH2
£298K09/210.23 mi9, Oving Road, Chichester, West Sussex PO19 7EG2
£430K11/200.24 mi16, Whyke Lane, Chichester, West Sussex PO19 7US2
£735.8K03/210.25 mi8a, St Martins Square, Chichester, West Sussex PO19 1NR2
£356.1K03/210.25 mi32, Melbourne Road, Chichester, West Sussex PO19 7ND2
£645K11/200.26 mi5a, St Martins Square, Chichester, West Sussex PO19 1NT2
£372K04/230.26 mi20, Winden Avenue, Chichester, West Sussex PO19 7UZ2
£305K11/200.26 mi4, Winden Avenue, Chichester, West Sussex PO19 7UZ2
£345K03/210.26 mi22, Winden Avenue, Chichester, West Sussex PO19 7UZ2
£280K01/210.26 mi13, Melbourne Road, Chichester, West Sussex PO19 7NE2
£215K10/210.27 mi15, Berkeley Mews, Chichester, West Sussex PO19 7WS2
£378K11/220.28 mi53, Bishopsgate Walk, Chichester, West Sussex PO19 6FQ2
£345K03/240.28 mi54, Bishopsgate Walk, Chichester, West Sussex PO19 6FQ2
£210K11/200.28 mi61, Melbourne Road, Chichester, West Sussex PO19 7JZ2
£490K09/230.28 mi8, Stirling Road, Chichester, West Sussex PO19 7DJ2
£330K03/210.29 mi1, Russell Street, Chichester, West Sussex PO19 7EL2
£520K11/220.3 mi31, Franklin Place, Chichester, West Sussex PO19 1BL2
£315K06/230.31 mi23, Cambrai Avenue, Chichester, West Sussex PO19 7UY2
£319K06/210.31 mi24, Cambrai Avenue, Chichester, West Sussex PO19 7UY2
£358K10/230.31 mi48, Cambrai Avenue, Chichester, West Sussex PO19 7UY2
£361K06/230.31 mi17, Cambrai Avenue, Chichester, West Sussex PO19 7UY2
£350K04/240.31 mi20, Cambrai Avenue, Chichester, West Sussex PO19 7UY2
£425K03/210.31 mi46, Spitalfield Lane, Chichester, West Sussex PO19 6SH2
£417.5K03/240.31 mi12, Franklin Place, Chichester, West Sussex PO19 1BL2
£570K12/200.31 mi38, Franklin Place, Chichester, West Sussex PO19 1BL2
£400K02/210.31 mi36, Franklin Place, Chichester, West Sussex PO19 1BL2
£450K11/230.31 mi9, Franklin Place, Chichester, West Sussex PO19 1BL2
£360K02/230.31 mi40, Franklin Place, Chichester, West Sussex PO19 1BL2
£425K01/240.33 mi6, West Pallant, Chichester, West Sussex PO19 1TD2
£445K08/230.33 mi17, Cleveland Road, Chichester, West Sussex PO19 7AF2
£377.5K03/240.33 mi4, Priory Lane, Chichester, West Sussex PO19 1NL2
£332.5K11/200.33 mi2, Ettrick Close, Chichester, West Sussex PO19 7DX2
£522.5K11/210.34 mi14, Stirling Road, Chichester, West Sussex PO19 7DS2
£297K03/210.34 mi1, Juxon Close, Chichester, West Sussex PO19 7AA2
£350K12/200.36 mi58b, Pound Farm Road, Chichester, West Sussex PO19 7PU2
£310K03/240.36 mi5, Juxon Close, Chichester, West Sussex PO19 7AA2
£305K06/210.37 mi23, North Walls, Chichester, West Sussex PO19 1BY2
£317.5K04/230.37 mi24, North Walls, Chichester, West Sussex PO19 1BY2
£400K03/240.37 mi75, Grove Road, Chichester, West Sussex PO19 8AP2
£311K01/210.37 mi67, Grove Road, Chichester, West Sussex PO19 8AP2
£440K12/220.38 mi5a, Northgate, Chichester, West Sussex PO19 1BA2
£396K02/210.38 mi5a, Northgate, Chichester, West Sussex PO19 1BA2
£327K02/210.39 mi33, Cleveland Road, Chichester, West Sussex PO19 7AD2
£398K09/210.41 mi109, Grove Road, Chichester, West Sussex PO19 8AR2

Local Rents

49 rents from £995/mo to £1.7K/mo, average is £1.3K/mo.

RentDateDistanceAddressBeds 
£1,10007/240.03 miSt Pancras, Chichester2
£1,29506/240.04 miUnicorn House, Eastgate Square, Chichester, PO192
£1,40008/240.04 miUnicorn House, Eastgate Square, Chichester, PO192
£1,35006/240.05 mi-2
£1,25007/240.08 miGordon House, Chichester2
£1,25007/240.08 miSt. Agnes Place Chichester PO192
£1,15006/240.08 mi-2
£1,25007/240.09 miSt Agnes Place Chichester PO192
£1,20008/240.1 miSt Agnes Place, Chichester2
£1,40008/240.11 miUnicorn House, Eastgate Square, Chichester, PO192
£1,22506/240.11 mi-2
£1,17506/240.11 mi-2
£1,17505/240.11 mi-2
£1,20007/240.11 miEast Walls, Chichester2
£1,05006/240.12 miVelyn Avenue, Chichester2
£1,15009/240.14 miVelyn Avenue, Chichester PO192
£1,15007/240.14 miSt. Agnes Place, Chichester2
£1,25008/240.14 miSt Agnes Place Chichester PO192
£1,30007/240.17 miEast Street, Chichester, PO192
£1,45007/240.18 miSt. Johns Street, Chichester2
£1,19512/240.19 mi-2
£1,20006/240.2 miPrice House, Chichester, West Sussex2
£1,30006/240.21 miEast Street, Chichester2
£1,39506/240.21 miEast Street, Chichester2
£1,70012/240.21 mi-2
£1,35006/240.21 miEast Street, Chichester2
£1,60006/240.22 miSt Johns Street, Chichester, PO192
£1,40006/240.22 miCentral Chichester2
£1,35006/240.22 miCentral Chichester2
£1,30006/240.22 miCentral Chichester2
£1,35006/240.22 miFlat 2, East Street, Chichester2
£1,30006/240.22 miFlat 3, East Street, Chichester2
£1,45007/240.23 miCaledonian Road2
£1,39506/240.23 miEast Street, Chichester2
£99506/240.24 miOving Road, Chichester2
£1,39505/240.24 mi-2
£1,29507/240.24 miJubilee Road, Chichester PO192
£1,22507/240.25 miCaledonian Road, Chichester PO192
£1,30008/240.26 mi2 bedroom First Floor Flat in Chichester2
£1,30007/240.26 miLyndhurst Road Chichester PO192
£1,25006/240.26 miWinden Avenue, Chichester PO192
£1,50007/240.27 miBaffins Court, Baffins Lane, Chichester, West Sussex, PO192
£1,25004/250.27 mi-2
£1,20008/240.27 miMelbourne Road, Chichester2
£99506/240.28 miCaledonian Road, Chichester2
£1,45006/240.28 miClydesdale Avenue, Chichester2
£1,25006/240.28 miNorth Close 2
£1,35008/240.29 miFranklin Place, Chichester2
£1,20008/240.29 miEast Pallant, Chichester, PO192

Local Area Statistics

Population in PO19

30,184

Population in Chichester

75,877

Town centre distance

0.37 miles away

Nearest school

0.40 miles away

Nearest train station

0.59 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+44%

Sales demand

Balanced market

Capital growth (5yrs)

+11%

Property History

Listed for £325,000

December 5, 2024

Floor Plans

Description

  • Delightful period cottage +
  • City centre location +
  • Attractive sitting room +
  • Contemporary kitchen +
  • Modern first floor bathroom +
  • Two bedrooms +
  • Gas central heating via radiators +
  • South facing rear garden +
  • Private parking hardstanding +
  • No onward chain +

A two bedroom Grade II listed cottage situated in the heart of Chichester city centre just a few steps away from the pedestrianised shopping precinct. Requiring some modernisation, the property oozes charm and character with exposed beams and an open fireplace in the sitting room. There is a smart modern kitchen with an integral electric oven and ceramic hob and a door leading to the south facing garden. Upstairs there are two bedrooms and a modern bathroom with an electric shower over the bath. The garden is a real suntrap and has paved patio and imitation grass for ease of maintenance. A gate at the bottom of the garden open to private hardstanding, providing off road parking. No onward chain. Chichester District Council - 24/25 Tax Band C £1,977.87 From the end of East Street, proceed into the one way system and the property can be found on the right after the turning left to New Park Road. what3words.com/sculpture.adults.alien

EPC Rating: C Parking - Off street

Agent Details

Henry Adams, Chichester

01243 973395

Next Steps?

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