2 Bed Flat, Single Let, Littlehampton, BN17 5LE, £100,000

South Terrace, Littlehampton, West Sussex, BN17 5LE - 3 months ago

Leasehold
Auction
BTL
ROI: 15%
~68 m²
+7 photos

ValuationUndervalued

Sold Prices£89K - £485K
Sold Prices/m²£2.3K/m² - £4.4K/m²

 

 

Square Metres

~68.11 m²
Price/m²£1.5K/m²

Value Estimate

£120,000
BMV20%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£25,000

Stamp Duty & Legal Fees

£6,200

Total Cash In

£31,200

 

 

Cash Out

 

Rent Range

£880 - £1,400

Rent Estimate

£906

Running Costs/mo

£514

Cashflow/mo

£392

Cashflow/yr

£4,708

ROI

15%

Gross Yield

11%

Local Sold Prices

50 sold prices from £89K to £485K, average is £250K. £2.3K/m² to £4.4K/m², average is £3.2K/m².

PriceDateDistanceAddressBeds 
£185K01/230.05 mi1f, Fitzalan Road, Littlehampton, West Sussex BN17 5JL2
£300K10/210.07 mi31, Beach Crescent, Littlehampton, West Sussex BN17 5NT2
£375K03/210.07 mi58, Beach Crescent, Littlehampton, West Sussex BN17 5NT2
£385K01/210.07 mi54, Beach Crescent, Littlehampton, West Sussex BN17 5NT2
£435K06/230.07 mi53, Beach Crescent, Littlehampton, West Sussex BN17 5NT2
£257.5K03/230.08 mi60b, South Terrace, Littlehampton, West Sussex BN17 5LG2
£244K08/230.08 mi64c, South Terrace, Littlehampton, West Sussex BN17 5LG2
£195K08/210.12 mi36a, South Terrace, Littlehampton, West Sussex BN17 5NU2
£214K08/230.15 mi31, Furzedown, Littlehampton, West Sussex BN17 5NJ2
£114.3K04/230.2 miFlat 16, St Catherines Court, Irvine Road, Littlehampton, West Sussex BN17 5HP2
£106K11/200.2 miFlat 8, St Catherines Court, Irvine Road, Littlehampton, West Sussex BN17 5HP2
£119K11/230.2 miFlat 22, St Catherines Court, Irvine Road, Littlehampton, West Sussex BN17 5HP2
£140K02/230.2 miFlat 53, St Catherines Court, Irvine Road, Littlehampton, West Sussex BN17 5HP2
£238.8K12/220.24 mi13c, St Catherines Road, Littlehampton, West Sussex BN17 5HS2
£105K06/210.26 miFlat 29, Westfield Court, Norfolk Road, Littlehampton, West Sussex BN17 5AQ2
£89K05/210.26 miFlat 33, Westfield Court, Norfolk Road, Littlehampton, West Sussex BN17 5AQ2
£249.9K12/220.35 miFlat 27, County Wharf, Pier Road, Littlehampton, West Sussex BN17 5AF2
£295K04/210.35 miFlat 4, County Wharf, Pier Road, Littlehampton, West Sussex BN17 5AF2
£238K07/210.35 miFlat 21, County Wharf, Pier Road, Littlehampton, West Sussex BN17 5AF2
£332K04/230.35 miFlat 24, County Wharf, Pier Road, Littlehampton, West Sussex BN17 5AF2
£320K08/210.41 miFlat 31, Fairlight Court, Pier Road, Littlehampton, West Sussex BN17 5DU2
£290K12/200.41 miFlat 22, Fairlight Court, Pier Road, Littlehampton, West Sussex BN17 5DU2
£250K10/200.41 miFlat 25, Fairlight Court, Pier Road, Littlehampton, West Sussex BN17 5DU2
£280K10/230.41 miFlat 19, Fairlight Court, Pier Road, Littlehampton, West Sussex BN17 5DU2
£287K01/210.48 miFlat 4, Wight Court, Surrey Street, Littlehampton, West Sussex BN17 5DJ2
£242.5K06/210.5 mi3d, High Street, Littlehampton, West Sussex BN17 5EG2
£485K01/230.54 mi18, Mariners Quay, Littlehampton, West Sussex BN17 5DA2
£215K04/230.74 mi25, The Martlets, Rustington, Littlehampton, West Sussex BN16 2UA2
£250K09/230.76 mi89, The Martlets, Rustington, Littlehampton, West Sussex BN16 2UQ2
£258K03/210.76 mi81, The Martlets, Rustington, Littlehampton, West Sussex BN16 2UQ2
£227.5K03/210.76 mi89, The Martlets, Rustington, Littlehampton, West Sussex BN16 2UQ2
£350K05/230.78 miFlat 7, Caspian House, Harsfold Close, Rustington, Littlehampton, West Sussex BN16 2QT2
£460K09/210.79 mi97, Whitehorses Way, Littlehampton, West Sussex BN17 6NL2
£215K06/230.79 mi78a, Gloucester Road, Littlehampton, West Sussex BN17 7BS2
£145K12/200.81 mi28, Harsfold Close, Rustington, Littlehampton, West Sussex BN16 2QQ2
£237.5K07/230.81 mi7, Harsfold Close, Rustington, Littlehampton, West Sussex BN16 2QQ2
£192.5K10/200.81 mi8, Harsfold Close, Rustington, Littlehampton, West Sussex BN16 2QQ2
£315K04/210.81 miFlat 4, Pacific House, Harsfold Close, Rustington, Littlehampton, West Sussex BN16 2SS2
£300K10/200.81 miFlat 7, Pacific House, Harsfold Close, Rustington, Littlehampton, West Sussex BN16 2SS2
£317K09/210.87 miApartment 9, Coast, Harsfold Road, Rustington, Littlehampton, West Sussex BN16 2QR2
£287K05/210.87 miApartment 8, Coast, Harsfold Road, Rustington, Littlehampton, West Sussex BN16 2QR2
£325K06/230.88 miFlat 25, Strand Court, Harsfold Road, Rustington, Littlehampton, West Sussex BN16 2NT2
£335K02/230.88 miFlat 32, Strand Court, Harsfold Road, Rustington, Littlehampton, West Sussex BN16 2NT2
£230K03/230.89 mi17, Chapel Close, Wick, Littlehampton, West Sussex BN17 7EA2
£193K03/230.89 mi28, Roman Acre, Wick, Littlehampton, West Sussex BN17 7HN2
£179.2K11/200.89 mi25, Roman Acre, Wick, Littlehampton, West Sussex BN17 7HN2
£255K10/200.92 miApple Tree Court, 7, Marama Gardens, Rustington, Littlehampton, West Sussex BN16 2ND2
£230K10/200.92 miCherry Tree Court, 27, Marama Gardens, Rustington, Littlehampton, West Sussex BN16 2ND2
£230K01/210.92 miCherry Tree Court, 32, Marama Gardens, Rustington, Littlehampton, West Sussex BN16 2ND2
£260K11/200.92 miBaytree Court, 10, Marama Gardens, Rustington, Littlehampton, West Sussex BN16 2ND2

Local Rents

22 rents from £880/mo to £1.4K/mo, average is £1.2K/mo.

RentDateDistanceAddressBeds 
£1,27503/250.01 mi-2
£1,10012/240.03 mi-2
£1,25003/250.04 mi-2
£1,22512/240.07 miFitzalan Road, Littlehampton2
£95012/240.12 miSouth Terrace, Littlehampton, West Sussex, BN172
£1,00012/240.12 miSouth Terrace, Littlehampton2
£1,30001/250.13 mi-2
£1,30002/250.13 mi-2
£1,20002/250.13 mi-2
£1,25003/250.13 mi-2
£1,10012/240.13 miBeach Road, Littlehampton, West Sussex, BN172
£88002/250.18 mi-2
£1,30003/250.28 mi-2
£97512/240.34 miBeach Road, Littlehampton2
£1,20012/240.36 miBayford Road, Littlehampton, West Sussex2
£1,15012/240.39 mi-2
£1,17510/240.4 mi-2
£1,20012/240.5 miField Place, Littlehampton2
£1,27512/240.55 miMariners Quay, Littlehampton, West Sussex2
£1,10012/240.56 miTerminus Place, Littlehampton2
£1,40003/250.57 mi-2
£1,05012/240.61 miArundel Road, Littlehampton2

Local Area Statistics

Population in BN17

28,522

Population in Littlehampton

56,651

Town centre distance

1.26 miles away

Nearest school

0.60 miles away

Nearest train station

0.60 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+10%

Sales demand

Balanced market

Capital growth (5yrs)

+17%

Property History

Price changed to £100,000

March 24, 2025

Price changed to £140,000

March 8, 2025

Price changed to £155,000

February 8, 2025

Listed for £160,000

January 16, 2025

Floor Plans

Description

  • Buyers Fees apply - see brochure for details +
  • Third floor flat in seafront location with NO CHAIN! +
  • Stunning views from lounge and bedroom +
  • For sale by Modern Auction +
  • Subject to an undisclosed Reserve Price +
  • Communal garden +
  • Short distance to town +

Third floor apartment with stunning sea views and no ongoing chain. The property is located on Rustington seafront within a short distance to Littlehampton Town Centre with an array of shops, restaurants and amenities and the mainline train station with direct links to both London and Brighton is within easy reach. The property also benefits from a communal garden. 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.

Room sizes:

  • Entrance Hallway
  • Lounge: 18'2 x 11'5 (5.54m x 3.48m)
  • Kitchen: 8'8 x 7'10 (2.64m x 2.39m)
  • Bedroom 1: 15'6 x 11'5 (4.73m x 3.48m)
  • Bedroom 2: 11'7 x 7'10 (3.53m x 2.39m)
  • Communal Garden  
    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, Rustington

01903 497277

Next Steps?

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