2 Bed Terraced House, Refurb/BRRR, Arundel, BN18 9DJ, £485,000

59, TARRANT STREET, ARUNDEL, BN18 9DJ - 4 views - 4 months ago

Refurb/BRRR
112 m²
+13 photos

ValuationUndervalued

Sold Prices£250K - £680K
Sold Prices/m²£3.6K/m² - £7.8K/m²

 

 

Square Metres

112 m²
Price/m²£4.3K/m²

Value Estimate

£505,000
BMV1%

 

 

End Value (After Refurb)

£623,106

Uplift in Value

+25%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£121,250

Stamp Duty & Legal Fees

£28,700

Refurb Costs

£52,508

Bridging Loan Interest

£12,731

Total Cash In

£216,939

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Estimated Sale Price

£623,106

Agent Fees (1%)

£6,231

Bridging Loan

£363,750

Bridging Loan Interest

£12,731

Flip Profit

£36,186

Local Sold Prices

31 sold prices from £250K to £680K, average is £450K. £3.6K/m² to £7.8K/m², average is £5.3K/m².

PriceDateDistanceAddressBeds 
£519K10/220.02 mi12, Arun Street, Arundel, West Sussex BN18 9DL2
£480K04/210.02 mi12, Arun Street, Arundel, West Sussex BN18 9DL2
£499.9K09/230.04 miThe Studio, Kings Arms Hill, Arundel, West Sussex BN18 9BT2
£450K04/210.05 miMalthouse Cottage, Brewery Hill, Arundel, West Sussex BN18 9DQ2
£520K12/230.05 miMalthouse Cottage, Brewery Hill, Arundel, West Sussex BN18 9DQ2
£675K10/200.06 mi36, Maltravers Street, Arundel, West Sussex BN18 9BU2
£680K06/210.08 mi24a, Maltravers Street, Arundel, West Sussex BN18 9BU2
£450K08/230.1 mi22, Fitzalan Road, Arundel, West Sussex BN18 9JS2
£450K08/230.1 mi22, Fitzalan Road, Arundel, West Sussex BN18 9JS2
£390K03/210.1 mi13, Orchard Place, Arundel, West Sussex BN18 9BP2
£318K05/210.11 mi4, School Lane, Arundel, West Sussex BN18 9DR2
£320K12/200.13 mi11, Surrey Street, Arundel, West Sussex BN18 9DT2
£480K06/210.13 mi43, King Street, Arundel, West Sussex BN18 9BJ2
£594K06/210.13 mi19, King Street, Arundel, West Sussex BN18 9BJ2
£575K08/230.14 mi74, Maltravers Street, Arundel, West Sussex BN18 9DS2
£535K10/200.16 miThe Coach House, Park Place, Arundel, West Sussex BN18 9BE2
£506K04/210.16 mi49, King Street, Arundel, West Sussex BN18 9BN2
£332.5K06/210.16 mi18, Wheelwrights Close, Arundel, West Sussex BN18 9TA2
£488K05/210.18 mi17, Mount Pleasant, Arundel, West Sussex BN18 9BD2
£517.5K03/210.18 miFitzalan Cottage, 10b, Mount Pleasant, Arundel, West Sussex BN18 9BD2
£445K12/220.19 mi3, Mount Pleasant, Arundel, West Sussex BN18 9BD2
£352.5K09/230.22 mi5, Daltons Place, Arundel, West Sussex BN18 9JU2
£410K06/230.26 mi116, Fitzalan Road, Arundel, West Sussex BN18 9JY2
£290K01/210.35 mi11, Fitzalan Road, Arundel, West Sussex BN18 9JP2
£415K10/220.36 mi41, Ford Road, Arundel, West Sussex BN18 9DX2
£340K03/210.36 mi8, Kirdford Road, Arundel, West Sussex BN18 9EF2
£375K01/210.37 mi27, Kirdford Road, Arundel, West Sussex BN18 9EE2
£455K07/230.37 mi13, Kirdford Road, Arundel, West Sussex BN18 9EE2
£380K03/230.37 mi32, Kirdford Road, Arundel, West Sussex BN18 9EE2
£250K05/230.38 mi148, Fitzalan Road, Arundel, West Sussex BN18 9JZ2
£348K12/210.41 mi15, Woodview, Arundel, West Sussex BN18 9ED2

Local Rents

47 rents from £775/mo to £3K/mo, average is £1.4K/mo.

RentDateDistanceAddressBeds 
£99512/240.1 miTarrant Street, Arundel1
£99512/240.14 miHigh Street, Arundel1
£1,55012/240.14 mi-3
£1,60006/240.16 mi-3
£1,20012/240.22 miQueen Street, Arundel2
£1,35012/240.4 mi-3
£2,95012/240.52 miBernard Road, Arundel, West Sussex, BN184
£1,15012/241.12 miChichester Road, Arundel, West Sussex, BN182
£1,59512/241.14 miThe Meadows, Crossbush3
£1,20012/241.2 mi-3
£1,95004/241.2 mi-5
£1,59512/241.2 miCrossbush Lane, Crossbush, Arundel, West Sussex, BN183
£2,40012/241.36 miLyminster4
£1,67512/241.4 miFord Road, Tortington, Arundel, West Sussex, BN183
£1,75012/241.4 miFontwell Meadows3
£1,67512/241.4 miFontwell4
£1,25012/241.43 miChurch Lane, Lyminster, Littlehampton, West Sussex2
£1,35012/241.54 miTortington Lane, Tortington3
£1,12512/241.96 miArundel Road, Poling, Arundel, West Sussex, BN182
£1,25012/242 miFalcon Gardens, Littlehampton2
£1,20012/242.03 miLyminster Road2
£1,45012/242.05 miFalcon Gardens, Wick, Littlehampton, West Sussex3
£1,29512/242.07 miLyminster Road, Wick3
£1,90012/242.07 miErnest Fitches Way, Littlehampton, BN17 7EP4
£1,85012/242.07 miBeaton Avenue Wick BN174
£1,20012/242.15 miBlackbourne Chase, Littlehampton, West Sussex2
£1,20012/242.19 miPepper Pot Court, 25 Blackbourne Chase, Littlehampton2
£1,20012/242.19 miKingley Gate, Littlehampton2
£3,00012/242.23 miStation Road, Ford, Arundel, West Sussex, BN183
£1,30003/252.28 mi-3
£1,60002/252.28 mi-4
£1,50012/242.31 mi-4
£1,50012/242.31 mi-4
£1,70012/242.32 mi-4
£1,15003/252.32 mi-2
£2,06008/242.36 mi-2
£1,10012/242.36 miButts Mead, Wick, Littlehampton, West Sussex2
£1,80012/242.38 miRodney Crescent, Ford, BN18 0DB6
£85012/242.39 mi-2
£1,25012/242.39 miElysian Fields, Littlehampton2
£1,37512/242.4 miCheal Way, Littlehampton3
£1,70012/242.41 miHolmes Way, Wick, Littlehampton4
£1,15012/242.42 miStammer Court Littlehampton2
£1,67512/242.42 mi-4
£1,29512/242.44 miGladstone Terrace, Wick, Littlehampton, West Sussex2
£1,65012/242.45 miOlliver Acre, Wick, Littlehampton, West Sussex, BN174
£77512/242.46 miWest Way, Wick1

Local Area Statistics

Population in BN18

13,232

Town centre distance

0.37 miles away

Nearest school

0.30 miles away

Nearest train station

0.62 miles away

 

 

Rental growth (12m)

+10%

Sales demand

Buyer's market

Capital growth (5yrs)

+10%

Property History

Price changed to £485,000

March 20, 2025

Listed for £500,000

December 16, 2024

Floor Plans

Description

  • Georgian Townhouse +
  • Central Arundel Position +
  • Opportunity for Refurbishment +
  • Double Aspect Living Room +
  • Flag Stone Flooring & Feature Fireplace +
  • Two Bedrooms with Fitted Wardrobes +
  • Countryside Views +
  • South Facing Private Mature Garden +
  • No Onward Chain +

An opportunity to purchase a fabulous project with POTENTIAL TO EXTEND STP, the property BENEFITS from a FLEXIBLE FLOORPLAN, SOUTH FACING GARDEN and has scope for RENOVATION AND REFURBISHMENT. The property is offered with NO ONWARD CHAIN.

An opportunity to purchase a fabulous project with potential to extend STP, the property benefits from a flexible floorplan and has scope for renovation and refurbishment. The property is located in a quiet yet convenient location close to local amenities.

The property comprises of entrance porch with hanging space for coats this leads through to the double aspect living room with open fireplace and views over the garden.

The kitchen is located on the lower ground floor which is fitted with a range of eye and base level units with integrated appliances including oven & gas hob with space for further appliances. There is WC with a feature door from Arundel Prison and access out to the private garden.

On the first floor there are two bedrooms both benefitting from fitted wardrobes and have fabulous far reaching views. There is a family bathroom which comprises a shower over bath, wash basin and wc.

Outside is a South facing private secluded rear walled garden with mature shrubbery and trees, there is rear access from Arun Street. The property is offered with no onward chain.

Disclaimer - As the seller's agent we are not surveyors or conveyancing experts and as such we cannot and do not comment on the condition of the property or issues that may affect this property, unless we have been made aware of such matters. Interested parties should employ their own professionals to make such enquiries before making any transactional decisions.

Directions - From our office at 8a High Street, proceed Northwards up the High Street and take the first turning left into Tarrant Street. The property will be found on the left-hand side.

Agent Details

Sims Williams, Arundel

01903 947065

Next Steps?

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