3 Bed Detached House, Refurb/BRRR, Littlehampton, BN16 2JB, £425,000

Chanctonbury Close, Rustington, BN16 2JB - 4 views - 4 months ago

Sold STC
Refurb/BRRR
~93 m²
+10 photos

ValuationOvervalued

Sold Prices£262K - £850K
Sold Prices/m²£3.3K/m² - £9K/m²

 

 

Square Metres

~93 m²
Price/m²£4.6K/m²

Value Estimate

£399,809

 

 

End Value (After Refurb)

£377,483

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£106,250

Stamp Duty & Legal Fees

£22,700

Refurb Costs

£43,745

Bridging Loan Interest

£11,156

Total Cash In

£185,602

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£377,483

Mortgage (After Refinance)

£283,113

Mortgage LTV

75%

Cash Left In

£185,602

Equity

£94,371

Rent Range

£1,325 - £1,650

Rent Estimate

£1,511

Running Costs/mo

£1,502

Cashflow/mo

£9

Cashflow/yr

£110

ROI

0%

Gross Yield

4%

Local Sold Prices

50 sold prices from £262K to £850K, average is £380K. £3.3K/m² to £9K/m², average is £4.7K/m².

PriceDateDistanceAddressBeds 
£525K11/220.04 mi2, Howards Way, Rustington, Littlehampton, West Sussex BN16 2LT3
£405K12/200.04 mi3, Howards Way, Rustington, Littlehampton, West Sussex BN16 2LT3
£450K03/210.04 mi2, Howards Way, Rustington, Littlehampton, West Sussex BN16 2LT3
£545K09/230.04 mi1, Howards Way, Rustington, Littlehampton, West Sussex BN16 2LT3
£435K06/230.06 mi8, Chanctonbury Road, Rustington, Littlehampton, West Sussex BN16 2LH3
£420K11/220.06 mi18, Chanctonbury Road, Rustington, Littlehampton, West Sussex BN16 2LH3
£325K02/230.09 mi20, Fontwell Close, Rustington, Littlehampton, West Sussex BN16 2LL3
£306K07/230.09 mi6, Fontwell Close, Rustington, Littlehampton, West Sussex BN16 2LL3
£280K05/210.09 mi7, Fontwell Close, Rustington, Littlehampton, West Sussex BN16 2LL3
£262K08/230.09 mi16, Fontwell Close, Rustington, Littlehampton, West Sussex BN16 2LL3
£320K10/220.1 mi3, Fontwell Close, Rustington, Littlehampton, West Sussex BN16 2LL3
£295K02/230.17 mi8, Kirdford Close, Rustington, Littlehampton, West Sussex BN16 2LW3
£290K08/210.17 mi24, Kirdford Close, Rustington, Littlehampton, West Sussex BN16 2LW3
£310K01/230.17 mi5, Kirdford Close, Rustington, Littlehampton, West Sussex BN16 2LW3
£267K03/210.17 mi54, Chanctonbury Road, Rustington, Littlehampton, West Sussex BN16 2LP3
£335K01/210.17 mi50, Chanctonbury Road, Rustington, Littlehampton, West Sussex BN16 2LP3
£675K06/210.18 mi24, Seafield Road, Rustington, Littlehampton, West Sussex BN16 2SE3
£350K11/220.2 mi29, Kirdford Close, Rustington, Littlehampton, West Sussex BN16 2LW3
£405K08/210.2 mi39, The Martlets, Rustington, Littlehampton, West Sussex BN16 2UB3
£630K12/220.2 mi21, Hawley Road, Rustington, Littlehampton, West Sussex BN16 2QD3
£385K01/230.21 mi17, Shaftesbury Road, Rustington, Littlehampton, West Sussex BN16 2HR3
£635K02/230.23 mi7, Cove Road, Rustington, Littlehampton, West Sussex BN16 2QW3
£450K05/230.23 mi52, The Martlets, Rustington, Littlehampton, West Sussex BN16 2UD3
£325K09/230.23 mi16, Parham Close, Rustington, Littlehampton, West Sussex BN16 2LR3
£347K11/220.23 mi60, Chanctonbury Road, Rustington, Littlehampton, West Sussex BN16 2LS3
£325K04/210.23 mi56, Chanctonbury Road, Rustington, Littlehampton, West Sussex BN16 2LS3
£270K06/210.24 mi11, Ashton Gardens, Rustington, Littlehampton, West Sussex BN16 2SH3
£449.3K10/210.25 mi48, Holmes Lane, Rustington, Littlehampton, West Sussex BN16 2PY3
£505K12/220.25 mi48, Holmes Lane, Rustington, Littlehampton, West Sussex BN16 2PY3
£620K07/230.26 mi9, Holmes Lane, Rustington, Littlehampton, West Sussex BN16 2QA3
£299.9K11/200.27 mi62, Holmes Lane, Rustington, Littlehampton, West Sussex BN16 2PU3
£395K03/210.27 mi58, Holmes Lane, Rustington, Littlehampton, West Sussex BN16 2PU3
£475K02/230.27 mi1, Shaftesbury Place, Rustington, Littlehampton, West Sussex BN16 2GA3
£465K03/230.31 mi80, Milton Avenue, Rustington, Littlehampton, West Sussex BN16 2PJ3
£725K03/210.31 miCaprice, Broadmark Way, Rustington, Littlehampton, West Sussex BN16 2EY3
£370K08/210.31 mi18, The Crescent, Rustington, Littlehampton, West Sussex BN16 2PE3
£630K12/200.35 mi6, Knightscroft Avenue, Rustington, Littlehampton, West Sussex BN16 2HN3
£850K09/230.35 mi6, Knightscroft Avenue, Rustington, Littlehampton, West Sussex BN16 2HN3
£393.5K01/210.37 mi58, Milton Avenue, Rustington, Littlehampton, West Sussex BN16 2PL3
£447K06/210.38 mi18, Parry Drive, Rustington, Littlehampton, West Sussex BN16 2QY3
£375K03/210.38 mi4, Normanhurst Close, Rustington, Littlehampton, West Sussex BN16 2EU3
£375K03/210.38 mi6, Normanhurst Close, Rustington, Littlehampton, West Sussex BN16 2EU3
£315K12/200.38 mi5, Normanhurst Close, Rustington, Littlehampton, West Sussex BN16 2EU3
£340K01/210.39 mi16, Thames Close, Littlehampton, West Sussex BN17 6PZ3
£555K02/210.4 mi23, Broadmark Avenue, Rustington, Littlehampton, West Sussex BN16 2HQ3
£290K10/200.4 mi2, Sutton Avenue, Rustington, Littlehampton, West Sussex BN16 2ET3
£290K06/210.42 mi60, Tennyson Avenue, Rustington, Littlehampton, West Sussex BN16 2PH3
£325K02/210.42 mi26, Tennyson Avenue, Rustington, Littlehampton, West Sussex BN16 2PH3
£435K05/230.42 mi58, Tennyson Avenue, Rustington, Littlehampton, West Sussex BN16 2PH3
£325K08/230.42 mi56, Tennyson Avenue, Rustington, Littlehampton, West Sussex BN16 2PH3

Local Rents

10 rents from £1.3K/mo to £1.6K/mo, average is £1.5K/mo.

RentDateDistanceAddressBeds 
£1,32512/240.06 miFontwell Close, Rustington3
£1,49512/240.16 miKirdford Close, Rustington, Littlehampton3
£1,49512/240.16 miKirdford Close, Rustington, Littlehampton3
£1,49512/240.16 miKirdford Close, Rustington, Littlehampton3
£1,35012/240.23 mi-3
£1,65012/240.23 miParham Close, Rustington, Littlehampton, West Sussex, BN163
£1,65012/240.38 miNormanhurst Close, Rustington, Littlehampton, West Sussex3
£1,55012/240.42 miSutton Avenue, Rustington3
£1,59902/250.56 mi-3
£1,50012/240.59 miChurch Road Rustington BN163

Local Area Statistics

Population in BN16

28,125

Population in Littlehampton

56,651

Town centre distance

1.21 miles away

Nearest school

0.90 miles away

Nearest train station

1.46 miles away

 

 

Rental growth (12m)

+13%

Sales demand

Balanced market

Capital growth (5yrs)

+16%

Property History

Listed for £425,000

January 9, 2025

Floor Plans

Description

  • Spacious Detached House +
  • Sought After Location, Within A Few Hundred Yards Of Rustington Seafront +
  • Three Bedrooms +
  • Two Reception Rooms & Conservatory +
  • Ground Floor Cloakroom +
  • Driveway & Garage +
  • Large Corner Plot With Secluded West Facing Rear Garden +
  • Gas Heating +
  • Potential to Extend (stp) +
  • No Onward Chain +

We are delighted to offer for sale this 1960’s built detached house, situated on generous corner plot, boasting a prime position close to the seafront.

The property would benefit from some modernisation but offers great scope for extension and improvement (stp). This home is ideally suited to a range of buyers, being an ideal family home or for those looking to retire near the sea.

The accommodation in brief comprises; entrance porch, three bedrooms all with built in storage; two reception rooms; conservatory; kitchen; family bathroom, and a ground floor cloakroom.

The property occupies a sizeable corner plot, benefitting from gardens to three sides. The mature rear garden affords a favoured westerly aspect, being predominantly walled and offering a good deal of privacy, with useful gated side and rear access to the garage. The front garden is of open plan design and mostly laid to lawn and planted with an array of mature shrubs.

A block paved driveway is located at the rear of the property and leads to a detached garage.

Furthermore, the property benefits from gas fired central heating, double glazing and is being sold with the added benefit of no forward chain.

Summary - We are delighted to offer for sale this 1960’s built detached house, situated on generous corner plot, boasting a prime position close to the seafront.

The property would benefit from some modernisation but offers great scope for extension and improvement (stp). This home is ideally suited to a range of buyers, being an ideal family home or for those looking to retire near the sea.

The accommodation in brief comprises; entrance porch, three bedrooms all with built in storage; two reception rooms; conservatory; kitchen; family bathroom, and a ground floor cloakroom. The property occupies a sizeable corner plot, benefitting from gardens to three sides. The mature rear garden affords a favoured westerly aspect, being predominantly walled and offering a good deal of privacy, with useful gated side and rear access to the garage. The front garden is of open plan design and mostly laid to lawn and planted with an array of mature shrubs.

A block paved driveway is located at the rear of the property and leads to a detached garage.

Furthermore, the property benefits from gas fired central heating, double glazing and is being sold with the added benefit of no forward chain.

The popularity of the location cannot be overstated, being within only a few hundred yards from Rustington seafront and within half a mile of Rustington village centre, with its extensive range of independent shops, cafes, restaurants and Waitrose store and within a short distance to picturesque Mewsbrook park and the 'Wave' swimming and fitness centre.

Furthermore, three highly regarded primary schools are found within an approximate 1.25-mile radius, whilst, two mainline railway stations (Angmering and Littlehampton), can be found within an equivalent distance of approximately 2 miles, both of which provide a regular service to London Victoria via Gatwick. Notably, a local bus service operates along nearby Sea Lane.

Rustington is positioned centrally on the West Sussex Coast almost midway between the cities of Chichester and Brighton, and just south of the A259, which provides a link to the larger neighbouring towns of Bognor Regis and Worthing.

Lounge - 4.06m x 3.33m (13'4 x 10'11) -

Dining Room - 3.33m x 2.79m (10'11 x 9'2) -

Kitchen - 3.33m x 2.51m (10'11 x 8'3) -

Conservatory - 5.26m x 3.25m (17'3 x 10'8) -

Bedroom - 4.06m x 3.10m (13'4 x 10'2) -

Bedroom - 3.40m x 3.07m (11'2 x 10'1) -

Bedroom - 2.82m x 2.21m (9'3 x 7'3) -

Agent Details

Glyn-Jones & Co, Rustington

01903 497288

Next Steps?

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