3 Bed Terraced House, Refurb/BRRR, Arundel, BN18 9JP, £250,000

Fitzalan Road, Arundel, West Sussex, BN18 9JP - 2 views - 3 months ago

Sold STC
Auction
Refurb/BRRR
~93 m²

ValuationUndervalued











Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£62,500

Stamp Duty & Legal Fees

£14,700

Refurb Costs

£43,600

Bridging Loan Interest

£6,563

Total Cash In

£129,113

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Estimated Sale Price

£444,225

Agent Fees (1%)

£4,442

Bridging Loan

£187,500

Bridging Loan Interest

£6,563

Flip Profit

£123,170













Local Rents

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

RentDateDistanceAddressBeds 
£1,35012/240.22 mi-3
£99512/240.25 miTarrant Street, Arundel1
£2,95012/240.32 miBernard Road, Arundel, West Sussex, BN184
£1,55012/240.32 mi-3
£1,60007/240.33 mi-3
£1,20012/240.42 miQueen Street, Arundel2
£99512/240.46 miHigh Street, Arundel1
£1,67512/241.08 miFord Road, Tortington, Arundel, West Sussex, BN183
£1,15012/241.09 miChichester Road, Arundel, West Sussex, BN182
£1,59512/241.16 miThe Meadows, Crossbush3
£1,75012/241.19 miFontwell Meadows3
£1,67512/241.19 miFontwell4
£1,35012/241.21 miTortington Lane, Tortington3
£1,25012/241.22 miChurch Lane, Lyminster, Littlehampton, West Sussex2
£1,20012/241.22 mi-3
£1,95005/241.22 mi-5
£1,59512/241.22 miCrossbush Lane, Crossbush, Arundel, West Sussex, BN183
£2,40012/241.31 miLyminster4
£1,25012/241.76 miFalcon Gardens, Littlehampton2
£1,90012/241.8 miErnest Fitches Way, Littlehampton, BN17 7EP4
£1,45012/241.82 miFalcon Gardens, Wick, Littlehampton, West Sussex3
£1,20012/241.82 miLyminster Road2
£1,29512/241.85 miLyminster Road, Wick3
£1,20012/241.87 miBlackbourne Chase, Littlehampton, West Sussex2
£3,00012/241.9 miStation Road, Ford, Arundel, West Sussex, BN183
£1,20012/241.91 miPepper Pot Court, 25 Blackbourne Chase, Littlehampton2
£1,20012/241.91 miKingley Gate, Littlehampton2
£1,85012/241.91 miBeaton Avenue Wick BN174
£1,12512/242.02 miArundel Road, Poling, Arundel, West Sussex, BN182
£1,30003/252.03 mi-3
£1,60003/252.04 mi-4
£1,80012/242.05 miRodney Crescent, Ford, BN18 0DB6
£1,70012/242.06 mi-4
£1,50012/242.08 mi-4
£1,50012/242.08 mi-4
£85012/242.16 mi-2
£1,15003/252.16 mi-2
£1,10012/242.2 miButts Mead, Wick, Littlehampton, West Sussex2
£1,29512/242.21 miGladstone Terrace, Wick, Littlehampton, West Sussex2
£77512/242.21 miWest Way, Wick1
£1,25012/242.22 miElysian Fields, Littlehampton2
£1,70012/242.22 miHolmes Way, Wick, Littlehampton4
£1,67512/242.23 mi-4
£1,37512/242.23 miCheal Way, Littlehampton3
£1,15012/242.25 miStammer Court Littlehampton2
£1,10012/242.27 miWick Street, Wick, Littlehampton2
£1,65012/242.27 miOlliver Acre, Wick, Littlehampton, West Sussex, BN174
£99512/242.28 miAlexander Court, Beaconsfield Road, Littlehampton2
£1,40003/252.29 mi-2
£1,27512/242.3 miWick Street, Littlehampton, Wick, BN172

Local Area Statistics

Population in BN18

13,232

Town centre distance

0.67 miles away

Nearest school

0.50 miles away

Nearest train station

0.64 miles away

 

 

Rental growth (12m)

+10%

Sales demand

Buyer's market

Capital growth (5yrs)

+10%

Property History

Price changed to £250,000

March 8, 2025

Price changed to £280,000

January 15, 2025

Listed for £325,000

December 31, 2024

Description

  • Buyers Fees apply - see brochure for details +
  • Good sized end of terrace house offered chain free +
  • For sale by Modern Auction - T&Cs apply +
  • Subject to an undisclosed Reserve Price +
  • Just a stone's throw from Arundel's shops & amenities +
  • Perfect family home or investment opportunity +
  • Benefits from off road parking +
  • Beautiful riverside walks nearby +

A good sized end of terrace house just outside the historic town centre of Arundel. Boasting light and airy rooms throughout, this home is in need of some modernisation, but this offers the new owners the chance to put their own stamp on the property and really make it their own. Close by are the local shops, cafes and boutiques of Arundel, as well as the beautiful River Arun with its stunning views and peaceful walks. An ideal purchase for investors looking to add to their portfolio or families looking to upsize. This property is for sale by the Modern Method of Auction. Should you view, offer or bid on the property, your information will be shared with the Auctioneer, iamsold.  
Please refer to the footnote regarding the services and appliances.

Room sizes:

  • Hallway
  • Lounge: 14'4 x 12'9 (4.37m x 3.89m)
  • Kitchen: 14'1 x 8'10 (4.30m x 2.69m)
  • SIR?? (Lister's handwriting..): 7'6 x 5'0 (2.29m x 1.53m)
  • Landing
  • Bedroom 1: 13'11 x 9'8 (4.24m x 2.95m)
  • Bedroom 2: 11'11 x 8'6 (3.63m x 2.59m)
  • Bedroom 3: 8'10 x 8'4 (2.69m x 2.54m)
  • Bathroom
  • Off Road Parking
  • Front & Rear Gardens  
    AUCTIONEER'S COMMENTS This property is for sale by the Modern Method of Auction. Should you view, offer or bid on the property, your information will be shared with the Auctioneer, iamsold. This method of auction requires both parties to complete the transaction within 56 days of the draft contract for sale being received by the buyers solicitor. This additional time allows buyers to proceed with mortgage finance (subject to lending criteria, affordability and survey). The buyer is required to sign a reservation agreement and make payment of a non-refundable Reservation Fee, this being 4.2% of the purchase price including VAT, subject to a minimum of £6,000.00 including VAT. The Reservation Fee is paid in addition to purchase price and will be considered as part of the chargeable consideration for the property in the calculation for stamp duty liability. Buyers will be required to go through an identification verification process with iamsold and provide proof of how the purchase would be funded. This property has a Buyer Information Pack which is a collection of documents in relation to the property. The documents may not tell you everything you need to know about the property, so you are required to complete your own due diligence before bidding. A sample copy of the Reservation Agreement and terms and conditions are also contained within this pack. The buyer will also make payment of £349 including VAT towards the preparation cost of the pack, where it has been provided by iamsold. The property is subject to an undisclosed Reserve Price with both the Reserve Price and Starting Bid being subject to change. The seller can instruct iamsold to agree a sale without a bidding process taking place or prior to a closing date. No further bids can be accepted after a buyer has paid a Reservation Fee REFERRAL ARRANGEMENTS Cubitt & West and Auctioneer may recommend the services of third parties to you. Whilst these services are recommended as it is believed they will be of benefit; you are under no obligation to use any of these services and you should always consider your options before services are accepted. Where services are accepted the Auctioneer or Cubitt & West may receive payment for the recommendation and you will be informed of any referral arrangement and payment prior to any services being taken by you. TO VIEW OR MAKE A BID - Contact Cubitt & West _
     
    The information provided about this property does not constitute or form part of an offer or contract, nor may it be regarded as representations. All interested parties must verify accuracy and your solicitor must verify tenure/lease information, fixtures & fittings and, where the property has been extended/converted, planning/building regulation consents. All dimensions are approximate and quoted for guidance only as are floor plans which are not to scale and their accuracy cannot be confirmed. Reference to appliances and/or services does not imply that they are necessarily in working order or fit for the purpose.
     
    We are pleased to offer our customers a range of additional services to help them with moving home. None of these services are obligatory and you are free to use service providers of your choice. Current regulations require all estate agents to inform their customers of the fees they earn for recommending third party services. If you choose to use a service provider recommended by Cubitt & West, details of all referral fees can be found at the link below. If you decide to use any of our services, please be assured that this will not increase the fees you pay to our service providers, which remain as quoted directly to you.
    _

Agent Details

Cubitt & West, Arundel

01903 497273

Next Steps?

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