3 Bed Terraced House, Refurb/BRRR, Chichester, PO19 7LH, £450,000

142 St. Pancras, Chichester - 6 views - 5 months ago

Under Offer
Refurb/BRRR
~135 m²
+10 photos

ValuationFair Value

Sold Prices£268.5K - £1.0M
Sold Prices/m²£3.3K/m² - £7.8K/m²

 

 

Square Metres

~134.90 m²
Price/m²£3.3K/m²

Value Estimate

£454,500

 

 

End Value (After Refurb)

£600,646

Uplift in Value

+33%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£112,500

Stamp Duty & Legal Fees

£33,700

Refurb Costs

£62,587

Bridging Loan Interest

£11,813

Total Cash In

£222,349

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Estimated Sale Price

£600,646

Agent Fees (1%)

£6,006

Bridging Loan

£337,500

Bridging Loan Interest

£11,813

Flip Profit

£34,790

Local Sold Prices

50 sold prices from £268.5K to £1.0M, average is £400K. £3.3K/m² to £7.8K/m², average is £4.5K/m².

PriceDateDistanceAddressBeds 
£455K10/230.1 mi14, Peter Weston Place, Chichester, West Sussex PO19 7AP3
£395K11/200.13 mi20, Alexandra Road, Chichester, West Sussex PO19 7LX3
£295K06/210.15 mi29, Lewis Road, Chichester, West Sussex PO19 7LZ3
£515K09/230.15 mi1, Lewis Road, Chichester, West Sussex PO19 7LZ3
£315K06/210.16 mi32, Lewis Road, Chichester, West Sussex PO19 7LZ3
£319.9K01/240.18 mi68, Adelaide Road, Chichester, West Sussex PO19 7NQ3
£268.5K03/210.2 mi44, Adelaide Road, Chichester, West Sussex PO19 7NF3
£425K06/210.2 mi7, Guilden Road, Chichester, West Sussex PO19 7LA3
£572.5K06/210.21 mi9, New Park Road, Chichester, West Sussex PO19 7XH3
£440K10/200.22 mi22, Turnbull Road, Chichester, West Sussex PO19 7LY3
£610K09/220.23 mi16, Green Lane, Chichester, West Sussex PO19 7NS3
£380K05/210.23 mi10, Ormonde Avenue, Chichester, West Sussex PO19 7UX3
£375K01/230.23 mi11, Ormonde Avenue, Chichester, West Sussex PO19 7UX3
£420K05/230.23 mi8, Ormonde Avenue, Chichester, West Sussex PO19 7UX3
£400K03/210.24 mi49, Green Lane, Chichester, West Sussex PO19 7NP3
£495K06/210.24 mi15, Green Lane, Chichester, West Sussex PO19 7NS3
£380K05/210.25 mi10, Ormonde Avenue, Chichester, West Sussex PO19 7UX3
£460K01/210.25 mi36, Caledonian Road, Chichester, West Sussex PO19 7PJ3
£375K02/230.25 miFlinders, Joys Croft, Chichester, West Sussex PO19 7NJ3
£415K12/230.25 miOrchard House, Joys Croft, Chichester, West Sussex PO19 7NJ3
£453K03/210.25 mi221, Whyke Road, Chichester, West Sussex PO19 7AH3
£355K06/210.26 mi32, Bishopsgate Walk, Chichester, West Sussex PO19 6FG3
£370K06/210.27 mi46, Winden Avenue, Chichester, West Sussex PO19 7UZ3
£320K03/210.27 mi37, Winden Avenue, Chichester, West Sussex PO19 7UZ3
£470K06/210.27 mi41, Whyke Lane, Chichester, West Sussex PO19 7UT3
£400K09/230.28 mi51, Bishopsgate Walk, Chichester, West Sussex PO19 6FQ3
£1.0M04/230.28 mi6a, North Pallant, Chichester, West Sussex PO19 1TJ3
£480K01/210.3 mi20, Lyndhurst Road, Chichester, West Sussex PO19 7PE3
£330K03/240.31 mi25, Armadale Road, Chichester, West Sussex PO19 7NR3
£330K07/230.31 mi17, Armadale Road, Chichester, West Sussex PO19 7NR3
£357K12/220.31 mi13, Lime Close, Chichester, West Sussex PO19 6SW3
£335K11/230.31 mi2, Lime Close, Chichester, West Sussex PO19 6SW3
£322K01/230.31 mi22, Lime Close, Chichester, West Sussex PO19 6SW3
£580K03/210.32 mi7, Barford Road, Chichester, West Sussex PO19 7DP3
£520K08/230.33 mi82, Cleveland Road, Chichester, West Sussex PO19 7AF3
£435K02/240.33 mi7, Cleveland Road, Chichester, West Sussex PO19 7AF3
£402K12/220.33 mi15, Cleveland Road, Chichester, West Sussex PO19 7AF3
£407.5K09/210.34 mi84, Whyke Lane, Chichester, West Sussex PO19 7PD3
£315K05/210.34 mi17, Ettrick Road, Chichester, West Sussex PO19 7DU3
£407.5K12/200.34 mi224, Oving Road, Chichester, West Sussex PO19 7EJ3
£425K11/210.35 mi146, Bognor Road, Chichester, West Sussex PO19 7TQ3
£375K10/230.35 mi132, Bognor Road, Chichester, West Sussex PO19 7TQ3
£370K10/220.36 mi25, Pound Farm Road, Chichester, West Sussex PO19 7PX3
£674K06/210.36 mi10b, South Pallant, Chichester, West Sussex PO19 1SU3
£500K04/230.36 mi39, Pound Farm Road, Chichester, West Sussex PO19 7PU3
£495K06/210.36 mi13, Bognor Road, Chichester, West Sussex PO19 7TF3
£340K09/210.37 mi30, Grove Road, Chichester, West Sussex PO19 8AP3
£336K08/210.37 mi28, Grove Road, Chichester, West Sussex PO19 8AP3
£350K04/230.37 mi19, Harvester Close, Chichester, West Sussex PO19 6XF3
£345K05/210.37 mi47, Grove Road, Chichester, West Sussex PO19 8AP3

Local Rents

37 rents from £1.1K/mo to £2.4K/mo, average is £1.5K/mo.

RentDateDistanceAddressBeds 
£2,10007/240.01 miSt Pancras, Chichester3
£1,59507/240.04 miBishops Courtyard3
£1,15006/240.11 miVelyn Avenue, Chichester3
£2,40009/240.13 miEast Walls Close, Chichester3
£1,79507/240.23 miGreen Lane Chichester PO193
£1,35008/240.24 miOrmonde Avenue, Chichester, West Sussex3
£1,45008/240.29 miSt Peters, Chichester3
£1,95008/240.29 mi3 bedroom Terraced House in Chichester3
£1,45006/240.29 miBishopsgate Walk, Chichester3
£1,59506/240.3 miSpitalfield Lane, Chichester, PO193
£1,59506/240.3 miRussell Street, Chichester, West Sussex, PO193
£1,40008/240.31 miLime Close, Chichester3
£1,85007/240.31 miFranklin Place Chichester PO193
£1,65006/240.32 miNorth Street, Chichester3
£1,50006/240.32 miSpitalfield Lane Chichester West Sussex PO19 6SG3
£1,45006/240.36 miArmadale Road, Chichester, PO193
£1,35006/240.37 miHarvester Close, Chichester3
£1,75010/240.41 mi-3
£1,27506/240.48 miBroyle Road, Chichester3
£1,50001/250.49 mi-3
£1,45007/240.5 miOrchard Street Chichester PO193
£1,60007/240.5 miBroyle Road, Chichester3
£1,45006/240.5 miOving Terrace, Chichester3
£1,50008/240.52 miLake Road, Chichester3
£1,50007/240.52 miSomerstown, Chichester3
£1,50007/240.52 miSomerstown, Chichester3
£1,45007/240.52 miSomerstown, Chichester, West Sussex3
£1,35011/240.53 mi-3
£1,70007/240.56 miCentral Chichester3
£1,67507/240.58 miBaxendale Road, Chichester PO193
£1,40006/240.59 miCavendish Street, Chichester3
£1,65007/240.59 miCavendish Street, Chichester3
£1,40007/240.59 miCavendish Street, Chichester3
£1,50007/240.59 miHay Road, Chichester, PO193
£1,45008/240.6 miKing George Gardens, Chichester3
£1,45006/240.6 miCharles Avenue Chichester PO193
£1,60007/240.61 miBradshaw Road, Chichester, PO193

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 £450,000

December 5, 2024

Floor Plans

Description

  • No onward chain +
  • Delightful period cottage +
  • City centre location +
  • Three reception rooms +
  • Cellar +
  • Utility room +
  • Three bedrooms (principal bedroom with en-suite) +
  • Two loft rooms +
  • South facing garden and off-road parking +

A three 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. There are three reception rooms and a smart shaker style kitchen with an integral electric oven, ceramic hob, cooker hood and dishwasher. Stairs from the front reception room lead down to a cellar. On the first floor, there are three bedrooms and a bathroom. The principal bedroom has an en-suite bathroom. A door on the first-floor landing opens to a spiral staircase leading up to two loft rooms with low ceilings and Velux windows. The garden is a real suntrap being south facing and has a detached brick-built utility room which has recently been refitted with shaker style cupboards, a sink unit and space and plumbing for a washing machine. 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 D £2,225.10 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/apple.filled.jazz

EPC Rating: D Parking - Off street

Agent Details

Henry Adams, Chichester

01243 973395

Next Steps?

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