3 Bed Flat, Single Let, Bognor Regis, PO21 1BY, £200,000
9a and 9b, Lyon Street West, Bognor Regis, West Sussex, PO21 1BY - 3 months ago
Sold STC
Leasehold
BTL
ROI: 7%
~92 m²





+4 photos
ValuationUndervalued
Sold Prices | £148K - £563K |
Sold Prices/m² | £1.8K/m² - £5.5K/m² |
| |
Square Metres | ~91.97 m² |
Price/m² | £2.2K/m² |
Value Estimate | £246,000 |
BMV | 23% |
Cashflows
Cash In | |
Purchase Finance | Mortgage |
Deposit (25%) | £50,000 |
Stamp Duty & Legal Fees | £7,200 |
Total Cash In | £57,200 |
| |
Cash Out | |
Rent Range | £1,060 - £2,167 |
Rent Estimate | £1,250 |
Running Costs/mo | £895 |
Cashflow/mo | £355 |
Cashflow/yr | £4,260 |
ROI | 7% |
Gross Yield | 8% |
Local Sold Prices
20 sold prices from £148K to £563K, average is £295K. £1.8K/m² to £5.5K/m², average is £2.8K/m².
Local Rents
21 rents from £1.1K/mo to £2.2K/mo, average is £1.4K/mo.
Local Area Statistics
Population in PO21 | 39,509 |
Population in Bognor Regis | 68,380 |
Town centre distance | 0.20 miles away |
Nearest school | 0.20 miles away |
Nearest train station | 0.06 miles away |
| |
Rental demand | Landlord's market |
Rental growth (12m) | +28% |
Sales demand | Balanced market |
Capital growth (5yrs) | +19% |
Property History
Listed for £200,000
December 19, 2024
Floor Plans

Description
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