3 Bed Bungalow, Refurb/BRRR, Chichester, PO20 1JG, £290,000

Church Road, North Mundham, Chichester, West Sussex, PO20 1JG - 2 views - 4 months ago

Auction
Refurb/BRRR
~124 m²
+12 photos

ValuationUndervalued

Sold Prices£265K - £525K
Sold Prices/m²£3.3K/m² - £6.1K/m²

 

 

Square Metres

~123.70 m²
Price/m²£2.3K/m²

Value Estimate

£298,700
BMV3%

 

 

End Value (After Refurb)

£483,203

Uplift in Value

+67%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£72,500

Stamp Duty & Legal Fees

£17,700

Refurb Costs

£56,929

Bridging Loan Interest

£7,613

Total Cash In

£156,491

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Estimated Sale Price

£483,203

Agent Fees (1%)

£4,832

Bridging Loan

£217,500

Bridging Loan Interest

£7,613

Flip Profit

£104,380

Local Sold Prices

21 sold prices from £265K to £525K, average is £347.5K. £3.3K/m² to £6.1K/m², average is £4K/m².

PriceDateDistanceAddressBeds 
£345K05/210.08 mi11, Fletcher Place, North Mundham, Chichester, West Sussex PO20 1JR3
£340K02/210.12 mi11, Hermitage Close, North Mundham, Chichester, West Sussex PO20 1JZ3
£450K09/210.12 mi14, Hermitage Close, North Mundham, Chichester, West Sussex PO20 1JZ3
£320K04/210.6 mi21, Foxbridge Drive, Hunston, Chichester, West Sussex PO20 1NQ3
£320K02/210.6 mi14, Foxbridge Drive, Hunston, Chichester, West Sussex PO20 1NQ3
£265K06/210.63 mi3, Blackman Way, Hunston, Chichester, West Sussex PO20 1NZ3
£455K12/220.72 mi7, Meadow Close, Hunston, Chichester, West Sussex PO20 1PB3
£376K11/220.74 mi6, St Leodegars Way, Hunston, Chichester, West Sussex PO20 1PF3
£345K03/210.77 mi6, Jestico's Close, Hunston, Chichester, West Sussex PO20 1AF3
£393K06/230.78 mi9, Jestico's Close, Hunston, Chichester, West Sussex PO20 1AF3
£305K10/210.8 mi2, St Leodegars Way, Hunston, Chichester, West Sussex PO20 1PF3
£400K04/210.8 mi20, St Leodegars Way, Hunston, Chichester, West Sussex PO20 1PF3
£370K11/200.81 mi19, St Leodegars Way, Hunston, Chichester, West Sussex PO20 1PE3
£315K11/200.81 mi75, St Leodegars Way, Hunston, Chichester, West Sussex PO20 1PE3
£395K08/210.81 mi15, St Leodegars Way, Hunston, Chichester, West Sussex PO20 1PE3
£280K06/210.85 mi12, High Trees, Hunston, Chichester, West Sussex PO20 1PG3
£347.5K07/230.88 mi37, Langdale Avenue, Chichester, West Sussex PO19 8JQ3
£360K05/230.88 mi34, Westlands Road, Hunston, Chichester, West Sussex PO20 1PJ3
£525K03/230.95 mi61, Willowbed Drive, Chichester, West Sussex PO19 8HY3
£280K03/210.98 mi16, Whyke Close, Chichester, West Sussex PO19 8BB3
£465K06/210.99 mi22, Willowbed Drive, Chichester, West Sussex PO19 8JB3

Local Rents

50 rents from £100/mo to £4K/mo, average is £1.1K/mo.

RentDateDistanceAddressBeds 
£80012/240 miChurch Road North Mundham PO201
£1,80006/240.55 miFoxbridge Drive, Hunston, Chichester, PO204
£1,38512/240.65 mi-2
£1,45006/240.66 miSouthover Way, Hunston, PO203
£2,00006/240.77 miVinnetrow Road, Chichester4
£2,30006/240.77 miRuncton Lane, Runcton4
£1,65007/240.91 miLangdale Avenue3
£1,15007/240.94 miWhyke Marsh, Chichester, PO192
£79507/240.99 miWhyke Court, Chichester1
£1,15006/241 miWhyke Marsh, Chichester, West Sussex, PO192
£1,15008/241.01 miWhyke Marsh, Chichester2
£53807/241.03 miHay Road, Chichester1
£1,50007/241.09 miHay Road, Chichester, PO193
£1,75006/241.11 miHay Road, Chichester4
£2,00006/241.18 miKingsham Avenue, Chichester4
£80006/241.21 mi-2
£1,83507/241.21 miKingsham Avenue, Chichester5
£1,69507/241.25 mi-4
£97507/241.25 mi-1
£97506/241.25 miWaterside Drive, Chichester, PO191
£3,33602/251.25 mi-4
£99504/251.26 mi-1
£1,00003/251.26 mi-1
£1,65009/241.27 miThe Peacheries, Chichester4
£87506/241.28 miNorman Court, Chatsworth Road, Chichester, PO191
£1,22507/241.28 miRichard Road, Chichester2
£1,50001/251.3 mi-3
£97507/241.31 miCleveland Road, Chichester, PO191
£1,35008/241.31 miCyril Way, Chichester, PO192
£1,37507/241.31 miWaterside Drive, Chichester, PO193
£10007/241.31 miChatsworth Road, Chichester1
£85008/241.31 miChatsworth Road, Chichester PO191
£87508/241.31 miChatsworth Road, CHICHESTER1
£85009/241.31 miChatsworth Road, Chichester1
£1,35009/241.31 miBywater Way Chichester PO192
£1,40003/241.32 mi-2
£3,95006/241.32 miSelsey Road Donnington PO205
£99506/241.32 miCleveland Road, Chichester1
£1,09502/241.32 mi-1
£92509/241.32 miChatsworth Road, Chichester1
£1,50006/241.33 miSt. Georges Drive Chichester PO193
£1,50006/241.33 miSt. Georges Drive Chichester PO193
£92508/241.33 miSt Georges Court1
£96006/241.33 mi-1
£95007/241.33 mi-1
£90006/241.33 miCleveland Road, Chichester, PO191
£90003/241.33 mi-1
£1,05006/241.33 miCleveland Road, Chichester1
£1,10008/241.34 miChatsworth Road, Chichester, PO191
£1,10002/251.34 mi-1

Local Area Statistics

Population in PO20

32,437

Population in Chichester

75,877

Town centre distance

1.81 miles away

Nearest school

0.10 miles away

Nearest train station

1.58 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+7%

Sales demand

Buyer's market

Capital growth (5yrs)

+14%

Property History

Price changed to £290,000

February 28, 2025

Price changed to £310,000

January 27, 2025

Listed for £350,000

January 7, 2025

Floor Plans

Description

This 3-bedroom detached bungalow in North Mundham offers a great opportunity for those looking to create their ideal home. With no forward chain, the property is ready for immediate possession and is in need of updating, allowing you to add your personal touch. It boasts spacious accommodation, a private rear garden, and a quiet location within the village. With plenty of potential to modernise, this bungalow offers a blank canvas for buyers seeking a home in a peaceful and sought-after area.

North Mundham is a peaceful village just north of Chichester, offering a tranquil rural setting with easy access to local amenities and the coast. With a strong sense of community, a popular pub, and good transport links, it’s the perfect blend of countryside charm and convenience.

Auctioneers Comments:

This property is for sale by the Modern Method of Auction, meaning the buyer and seller are to Complete within 56 days (the "Reservation Period"). Interested parties personal data will be shared with the Auctioneer (iamsold).

If considering buying with a mortgage, inspect and consider the property carefully with your lender before bidding.

A Buyer Information Pack is provided. The winning bidder will pay £349.00 including VAT for this pack which you must view before bidding.

The buyer signs a Reservation Agreement and makes payment of a non-refundable Reservation Fee of 4.50% of the purchase price including VAT, subject to a minimum of £6,600.00 including VAT. This is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price. This is considered within calculations for Stamp Duty Land Tax.
Services may be recommended by the Agent or Auctioneer in which they will receive payment from the service provider if the service is taken. Payment varies but will be no more than £450.00. These services are optional.

Agent Details

King & Chasemore, Chichester

020 3872 4877

Next Steps?

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