2 Bed Flat, Single Let, Bognor Regis, PO21 1NY, £375,000

73 Esplanade Grande, Bognor Regis, UK, YN1 12OP - 2 months ago

Leasehold
BTL
~68 m²
+14 photos

ValuationOvervalued

Sold Prices£55K - £365K
Sold Prices/m²£1.5K/m² - £6K/m²

 

 

Square Metres

~68.11 m²
Price/m²£5.5K/m²

Value Estimate

£177,845

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£93,750

Stamp Duty & Legal Fees

£18,700

Total Cash In

£112,450

 

 

Cash Out

 

Rent Range

£850 - £2,500

Rent Estimate

£893

Running Costs/mo

£1,370

Cashflow/mo

£-477

Cashflow/yr

£-5,730

Gross Yield

3%

Local Sold Prices

49 sold prices from £55K to £365K, average is £175K. £1.5K/m² to £6K/m², average is £2.6K/m².

PriceDateDistanceAddressBeds 
£175K10/210.04 miFlat 1, Walton Court, Walton Avenue, Bognor Regis, West Sussex PO21 1NP2
£235K04/240.04 miKings Court, Flat 5, The Esplanade, Bognor Regis, West Sussex PO21 1NZ2
£245K08/230.04 miFlat 22, Kings Court, The Esplanade, Bognor Regis, West Sussex PO21 1NZ2
£355K06/230.06 miFlat 25, Berkeley Court, The Esplanade, Bognor Regis, West Sussex PO21 1LX2
£330K09/210.06 miFlat 20, Berkeley Court, The Esplanade, Bognor Regis, West Sussex PO21 1LX2
£200K12/230.08 miSabey Court, Flat 5, Albert Road, Bognor Regis, West Sussex PO21 1LU2
£230K02/240.08 miSabey Court, Flat 1, Albert Road, Bognor Regis, West Sussex PO21 1LU2
£105K01/240.08 miFlat 41, Sovereign Court, Campbell Road, Bognor Regis, West Sussex PO21 1AH2
£70K12/200.08 miFlat 42, Sovereign Court, Campbell Road, Bognor Regis, West Sussex PO21 1AH2
£110K10/230.08 miFlat 8, Sovereign Court, Campbell Road, Bognor Regis, West Sussex PO21 1AH2
£105K02/210.08 miFlat 55, Sovereign Court, Campbell Road, Bognor Regis, West Sussex PO21 1AH2
£95K08/210.08 miFlat 8, Sovereign Court, Campbell Road, Bognor Regis, West Sussex PO21 1AH2
£55K09/230.08 miFlat 66, Sovereign Court, Campbell Road, Bognor Regis, West Sussex PO21 1AH2
£365K07/210.08 miFlat 9, Compass Point, The Esplanade, Bognor Regis, West Sussex PO21 1NX2
£350K06/210.08 miFlat 10, Compass Point, The Esplanade, Bognor Regis, West Sussex PO21 1NX2
£315K06/210.08 miFlat 14, Compass Point, The Esplanade, Bognor Regis, West Sussex PO21 1NX2
£205K09/210.08 miFlat 1, Sabey Court, Albert Road, Bognor Regis, West Sussex PO21 1LU2
£230K07/210.08 mi10a, Walton Road, Bognor Regis, West Sussex PO21 1NS2
£127K11/200.12 miFlat 8, Claremont Court, Campbell Road, Bognor Regis, West Sussex PO21 1HD2
£110K09/230.12 miFlat 12, Claremont Court, Campbell Road, Bognor Regis, West Sussex PO21 1HD2
£130K12/220.13 miFlat 44, Claremont Court, Campbell Road, Bognor Regis, West Sussex PO21 1HD2
£176K12/200.15 miFlat 2, Fraser Court, High Street, Bognor Regis, West Sussex PO21 1HG2
£160K12/220.16 miFlat 2, Regis Court, High Street, Bognor Regis, West Sussex PO21 1HZ2
£153K11/200.17 miFlat 18, Regis Court, High Street, Bognor Regis, West Sussex PO21 1HZ2
£142.5K05/210.17 miFlat 12, Regis Court, High Street, Bognor Regis, West Sussex PO21 1HZ2
£135K03/210.2 mi23, Sudley Gardens, Bognor Regis, West Sussex PO21 1HY2
£160K11/210.2 mi12, Sudley Gardens, Bognor Regis, West Sussex PO21 1HY2
£120K12/220.2 mi15, Sudley Gardens, Bognor Regis, West Sussex PO21 1HY2
£200K03/210.2 miFlat 2, Mountbatten Court, Belmont Street, Bognor Regis, West Sussex PO21 1JN2
£223K12/230.2 miFlat 19, Arran Gate, Marian Way, Bognor Regis, West Sussex PO21 1PD2
£235K07/240.21 miMountbatten Court, Flat 27, Belmont Street, Bognor Regis, West Sussex PO21 1JN2
£310K03/230.23 miFlat 71, Mountbatten Court, Belmont Street, Bognor Regis, West Sussex PO21 1JW2
£196K06/210.23 miFlat 57, Mountbatten Court, Belmont Street, Bognor Regis, West Sussex PO21 1JW2
£185K11/200.23 miFlat 56, Mountbatten Court, Belmont Street, Bognor Regis, West Sussex PO21 1JW2
£250K08/230.23 miFlat 76, Mountbatten Court, Belmont Street, Bognor Regis, West Sussex PO21 1JW2
£135K01/210.27 miFlat 5, Glamis Court, Glamis Street, Bognor Regis, West Sussex PO21 1DR2
£150K11/210.39 miFlat 70, Seaward Court, West Street, Bognor Regis, West Sussex PO21 1XJ2
£120K12/200.39 miFlat 2, Seaward Court, West Street, Bognor Regis, West Sussex PO21 1XJ2
£140K06/210.41 mi3, Manor Place, Bognor Regis, West Sussex PO21 1TB2
£225K12/220.42 mi4 Spencer Terrace, 45, Upper Bognor Road, Bognor Regis, West Sussex PO21 1HS2
£240K04/240.42 mi9 Spencer Terrace, 47, Upper Bognor Road, Bognor Regis, West Sussex PO21 1HS2
£170K06/210.43 miFlat 2, Gothic House, The Steyne, Bognor Regis, West Sussex PO21 1TP2
£215K01/230.43 mi1, Steyne Street, Bognor Regis, West Sussex PO21 1TJ2
£245K07/230.46 miFlat 5, Steyne Hall, The Steyne, Bognor Regis, West Sussex PO21 1TX2
£137.5K03/210.47 miFlat 27, Melanies Gardens, Mead Lane, Bognor Regis, West Sussex PO21 1LS2
£152K05/210.47 miFlat 1, Arlington Mews, Scott Street, Bognor Regis, West Sussex PO21 1FE2
£175K11/210.49 miFlat 6, Sutherland Court, Sutherland Close, Bognor Regis, West Sussex PO21 1DX2
£170K11/200.52 mi39b, Linden Road, Bognor Regis, West Sussex PO21 2AP2
£230K01/210.53 miFlat 5, Swansea House, West Street, Bognor Regis, West Sussex PO21 1XH2

Local Rents

51 rents from £850/mo to £2.5K/mo, average is £1.1K/mo.

RentDateDistanceAddressBeds 
£1,20006/240.06 miThe Esplanade, Bognor Regis, West Sussex, PO212
£1,35007/240.06 miThe Esplanade2
£1,30006/240.08 miThe Esplanade, Bognor Regis2
£1,45006/240.09 miThe Esplanade, Bognor Regis, West Sussex, PO212
£1,30006/240.09 miCampbell Road, Bognor Regis2
£1,27507/240.14 miHigh Street, Bognor Regis2
£1,30003/250.15 mi-2
£1,00006/240.16 miRegis Court, Bognor Regis2
£1,25007/240.2 miSudley Gardens, Bognor Regis, PO21 1HY2
£1,00006/240.2 miSudley Gardens, Bognor Regis, West Sussex, PO212
£1,20007/240.2 miSudley Road, Bognor Regis, West Sussex, PO212
£1,19506/240.21 miSudley Gardens, Bognor Regis2
£1,10006/240.21 miLondon Road, Bognor Regis2
£99506/240.22 miGlamis Street, Bognor Regis, PO212
£1,25006/240.23 miBelmont Street, Bognor Regis, PO21 1JW2
£1,02502/250.23 mi-2
£1,20006/240.26 miLyon Street, Bognor Regis2
£97507/240.35 miFitzleet House Queensway BOGNOR REGIS West Sussex2
£92507/240.35 miFitzleet House Queensway BOGNOR REGIS West Sussex2
£1,15007/240.36 mi-2
£1,15007/240.36 mi-2
£1,00007/240.37 miHills Court, Bognor Regis, PO212
£1,00002/250.37 mi-2
£99512/240.37 mi-2
£97506/240.39 miRegis House, Richmond Road, Bognor Regis, PO212
£1,15006/240.4 miMerchant Street, Bognor Regis2
£95007/240.41 miManor Place, Bognor Regis2
£1,30007/240.42 miBognor Regis2
£1,10006/240.43 miHenry Street, Bognor Regis, PO212
£1,45006/240.43 miThe Esplanade Bognor Regis PO212
£1,10007/240.43 miThe Steyne, PO212
£1,20006/240.43 miSteyne Street, Bognor Regis, West Sussex, PO212
£1,05007/240.43 miCanada Grove, Bognor Regis, PO212
£97502/250.44 mi-2
£85006/240.45 mi-2
£89507/240.46 miLinden Road, Bognor Regis, PO212
£87506/240.46 mi-2
£89502/250.46 mi-2
£97507/240.47 miLongford Road, BOGNOR REGIS2
£1,29507/240.48 miRoyal Hotel, The Esplanade, Bognor Regis, PO212
£2,50011/240.48 mi-2
£1,10007/240.49 miWest Street, Bognor Regis, West Sussex2
£1,20008/240.49 miMead Lane, Bognor Regis, PO222
£1,40006/240.49 miParkside, Upper Bognor Road, Bognor Regis, PO212
£95001/250.5 mi-2
£1,05007/240.52 miLongford Road, Bognor Regis, West Sussex, PO212
£1,00006/240.54 miBurnham Avenue, BOGNOR REGIS2
£94506/240.55 miCavendish Road, Bognor Regis2
£1,30006/240.56 miVictoria Terrace, Sea Road, BOGNOR REGIS2
£95007/240.56 miBurnham Avenue, Bognor Regis, PO212
£92502/250.56 mi-2

Local Area Statistics

Population in PO21

39,509

Population in Bognor Regis

68,380

Town centre distance

0.52 miles away

Nearest school

0.20 miles away

Nearest train station

0.44 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+28%

Sales demand

Balanced market

Capital growth (5yrs)

+19%

Property History

Listed for £375,000

January 20, 2025

Floor Plans

Description

  • Exclusive Upper Ground Floor Seafront Apartment +
  • Dual Aspect Sitting Room +
  • Separate Hexagonal Dining Room +
  • Luxury Appointed Kitchen +
  • Principal Bedroom with En-Suite +
  • 2nd Double Bedroom +
  • Family Shower Room +
  • Two Balconies with Sea Views +
  • Secure Gated Allocated Parking +

Luxury apartment situated in the popular development of Esplanade Grande. There is a spacious entrance hall with ample storage. The sitting room is south facing with two balconies, south and west facing with glorious sea views and the hexagonal shaped dining room with panoramic views make this a unique living space. The kitchen is fitted with contemporary cream gloss units under black granite worktops with integral appliances. The principal bedroom has double fitted wardrobes and bedroom furniture and a full bathroom en-suite. There is a second double bedroom also with a fitted wardrobe and fitted furniture plus a shower room.

Outside, there is an allocated parking space and additional visitor parking spaces in the secure gated parking area. The apartment is offered for sale with no onward chain. Tenure: We understand there is 105 year lease from 01/09/07. Maintenance Charge: We understand the maintenance charge is approximately £3,312.90 p.a. Ground Rent: We understand the ground rent is currently £300 p.a.

EPC Rating: B

Agent Details

Henry Adams, Bognor Regis

01243 219388

Next Steps?

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