4 Bed Terraced House, Refurb/BRRR, Littlehampton, BN16 2PB, £450,000

11 Tennyson Avenue, Rustington, West Sussex, BN16 2PB - 2 views - 3 months ago

Sold STC
Refurb/BRRR
127 m²
+13 photos

ValuationFair Value

Sold Prices£298.5K - £810K
Sold Prices/m²£2.9K/m² - £7.5K/m²

 

 

Square Metres

127 m²
Price/m²£3.5K/m²

Value Estimate

£454,500

 

 

End Value (After Refurb)

£540,336

Uplift in Value

+20%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£112,500

Stamp Duty & Legal Fees

£24,700

Refurb Costs

£59,738

Bridging Loan Interest

£11,813

Total Cash In

£210,501

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£540,336

Mortgage (After Refinance)

£405,252

Mortgage LTV

75%

Cash Released

£67,752

Cash Left In

£142,748

Equity

£135,084

Rent Range

£1,295 - £2,000

Rent Estimate

£1,566

Running Costs/mo

£2,022

Cashflow/mo

£-456

Cashflow/yr

£-5,469

Gross Yield

4%

Local Sold Prices

50 sold prices from £298.5K to £810K, average is £421.3K. £2.9K/m² to £7.5K/m², average is £4K/m².

PriceDateDistanceAddressBeds 
£445K03/230.02 mi13, Tennyson Avenue, Rustington, Littlehampton, West Sussex BN16 2PB4
£460K03/230.08 mi12, Henry Avenue, Rustington, Littlehampton, West Sussex BN16 2NY4
£359K07/230.11 mi27, Beaumont Park, Littlehampton, West Sussex BN17 6PE4
£416K04/210.11 mi8, Beaumont Park, Littlehampton, West Sussex BN17 6PE4
£367.5K01/210.14 mi2, Malin Road, Littlehampton, West Sussex BN17 6NN4
£353.5K05/210.17 mi10, The Haven, Littlehampton, West Sussex BN17 6NT4
£350K07/230.2 mi37, Beaumont Park, Littlehampton, West Sussex BN17 6PF4
£345K02/210.32 mi16, Leeward Road, Littlehampton, West Sussex BN17 6PQ4
£378K08/230.32 mi39, Leeward Road, Littlehampton, West Sussex BN17 6PQ4
£425K06/210.32 mi82, Beaumont Park, Littlehampton, West Sussex BN17 6PH4
£395K07/230.32 mi76, Beaumont Park, Littlehampton, West Sussex BN17 6PH4
£511.6K12/220.33 mi58, Chanctonbury Road, Rustington, Littlehampton, West Sussex BN16 2LS4
£500K07/230.34 mi17, Neptune Way, Littlehampton, West Sussex BN17 6NY4
£310K08/210.35 mi23, Lizard Head, Littlehampton, West Sussex BN17 6RY4
£456.5K03/210.35 mi42, Tideway, Littlehampton, West Sussex BN17 6QT4
£510K08/210.36 mi33, Tideway, Littlehampton, West Sussex BN17 6PP4
£742.5K05/230.37 mi20, Harsfold Road, Rustington, Littlehampton, West Sussex BN16 2QE4
£810K09/210.37 mi10, Hawley Road, Rustington, Littlehampton, West Sussex BN16 2QD4
£740K10/220.37 mi6, Shannon Close, Littlehampton, West Sussex BN17 6PR4
£300K12/200.38 mi29, Middle Mead, Littlehampton, West Sussex BN17 6QH4
£390K12/200.4 mi34, Longships, Littlehampton, West Sussex BN17 6SL4
£477K11/220.4 mi5, Longships, Littlehampton, West Sussex BN17 6SL4
£360K06/230.41 mi12, Finisterre Way, Littlehampton, West Sussex BN17 6RA4
£540K10/220.41 mi1, Rockall Close, Littlehampton, West Sussex BN17 6SN4
£350K12/210.43 mi43, Capstan Drive, Littlehampton, West Sussex BN17 6SF4
£380K12/220.43 mi22, Genoa Close, Littlehampton, West Sussex BN17 6SE4
£298.5K02/210.46 mi113, Dinsdale Gardens, Rustington, Littlehampton, West Sussex BN16 3NT4
£317K11/210.47 mi36, Fontwell Close, Rustington, Littlehampton, West Sussex BN16 2LL4
£450K01/230.48 mi14, Chanctonbury Road, Rustington, Littlehampton, West Sussex BN16 2LH4
£765K11/230.48 mi7, Cudlow Avenue, Rustington, Littlehampton, West Sussex BN16 2HE4
£800K04/230.48 mi9a, Cudlow Avenue, Rustington, Littlehampton, West Sussex BN16 2HE4
£585K03/210.5 miThe Foxes, Berry Lane, Littlehampton, West Sussex BN17 5HD4
£385K01/230.5 mi4, The Faroes, Littlehampton, West Sussex BN17 6SB4
£670K05/210.5 mi16, Broadmark Avenue, Rustington, Littlehampton, West Sussex BN16 2HQ4
£655K03/230.5 mi21, Peregrine Road, Littlehampton, West Sussex BN17 6DT4
£469K04/210.5 mi9, Peregrine Road, Littlehampton, West Sussex BN17 6DT4
£465K12/220.52 mi2, Parkside Avenue, Littlehampton, West Sussex BN17 6BG4
£400K02/210.53 mi7, Shaftesbury Place, Rustington, Littlehampton, West Sussex BN16 2GA4
£450K02/210.53 mi11, Parkside Avenue, Littlehampton, West Sussex BN17 6BG4
£422.5K04/210.53 mi8, Harebell Close, Littlehampton, West Sussex BN17 6WE4
£385K11/200.54 mi15, Southfields Road, Littlehampton, West Sussex BN17 6AF4
£395K03/210.55 mi3, Summers Close, Rustington, Littlehampton, West Sussex BN16 2HY4
£325K11/200.55 mi38, Jubilee Avenue, Rustington, Littlehampton, West Sussex BN16 3NB4
£495K11/220.56 mi4, Lupin Close, Littlehampton, West Sussex BN17 6WF4
£510K12/220.56 mi2, West Head, Littlehampton, West Sussex BN17 6QP4
£322K03/210.57 mi12, Ashton Gardens, Rustington, Littlehampton, West Sussex BN16 2SH4
£475K03/210.58 mi6, Foxglove Way, Littlehampton, West Sussex BN17 6UN4
£420K06/210.6 mi122, Bluebell Drive, Littlehampton, West Sussex BN17 6UU4
£402.5K02/210.6 mi118, Bluebell Drive, Littlehampton, West Sussex BN17 6UU4
£337.5K02/210.6 mi8, Trinity Way, Littlehampton, West Sussex BN17 5SS4

Local Rents

21 rents from £1.3K/mo to £2K/mo, average is £1.5K/mo.

RentDateDistanceAddressBeds 
£1,59902/250.19 mi-3
£1,79512/240.23 miLeeward Road, Littlehampton, West Sussex, BN174
£1,90012/240.25 mi-4
£1,70012/240.32 miBeaumont Park, Littlehampton4
£1,35012/240.34 mi-3
£1,65012/240.35 miParham Close, Rustington, Littlehampton, West Sussex, BN163
£1,50012/240.37 miChurch Road Rustington BN163
£1,85012/240.38 miShopfield Close, Rustington, Littlehampton, West Sussex, BN163
£1,49512/240.4 miKirdford Close, Rustington, Littlehampton3
£1,49512/240.4 miKirdford Close, Rustington, Littlehampton3
£1,49512/240.4 miKirdford Close, Rustington, Littlehampton3
£1,40004/240.41 mi-3
£1,29512/240.43 miDinsdale Gardens, Rustington3
£2,00012/240.46 miThe Estuary, Littlehampton, West Sussex4
£1,32512/240.49 miFontwell Close, Rustington3
£1,65012/240.57 miBroadmark Lane, Rustington, BN163
£1,35012/240.6 miWorthing Road, Rustington, Littlehampton, BN163
£1,50012/240.61 mi-4
£1,50012/240.61 mi-4
£1,50012/240.61 mi-4
£1,40012/240.61 miBrookenbee Close, Rustington, BN163

Local Area Statistics

Population in BN16

28,125

Population in Littlehampton

56,651

Town centre distance

0.69 miles away

Nearest school

0.40 miles away

Nearest train station

1.25 miles away

 

 

Rental growth (12m)

+13%

Sales demand

Balanced market

Capital growth (5yrs)

+16%

Property History

Listed for £450,000

January 23, 2025

Floor Plans

Description

  • Significantly Extended Mid-Terraced House +
  • Accommodation Arranged Over Three Floors +
  • Four Bedrooms (En Suite to Bedroom One) +
  • Stunning Kitchen/Dining/Family Room +
  • West Facing Lounge +
  • Contemporary Family Bathroom & Ground Floor Cloakroom +
  • Low-maintenance Rear Garden +
  • Double Width Off-road Parking +
  • Popular Poets Corner +
  • EER: E (rating given prior to current vendors' refurbishments) +

Having been the subject of considerable renovation and improvement by the current owners is this extended mid-terraced house, pleasantly situated within the highly regarded Poets Corner area of Rustington.

Boasting accommodation spanning three floors, this wonderful family home truly is essential viewing for the modern family.

The property is configured with four bedrooms, the larger of which benefits from an recently updated en suite shower room; an extremely impressive and enlarged kitchen/dining/family room encompassing a stylish range high gloss fitted units, integrated appliances, island unit, and bi-fold doors that lead to the rear garden; a westerly facing lounge featuring a wood burning stove; contemporary 4-piece first-floor bathroom; and a ground floor cloakroom.

Outside, the aforementioned rear garden is of low-maintenance design and incorporates a large garden studio with power. There is also double width off-road parking to the front.

Additional attributes include a striking entrance porch that leads through to a spacious hallway, gas central heating, uPVC double glazing, and an extensive array of built-in storage throughout.

Poets Corner is conveniently located within an equivalent distance to both the village centre and seafront (both approx. 0.5 miles), as well as many other important local amenities including Westcourt Medical Centre, Mewsbrook Park, and Littlehampton Wave leisure centre.

Furthermore, public transport links are close to hand, with the renowned 700 bus route opertaing along nearby North Lane and The Street, and two mainline railway stations - Angmering and Littlehampton - found within an approximate 2 mile radius.

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

Lounge - 4.22m (max) x 3.63m (max) (13'10" (max) x 11'11" -

Kitchen/Dining/Family Room - 6.28 (max) x 5.76 (max) (20'7" (max) x 18'10" (max -

Ground Floor Cloakroom - 1.33 x 1.17 (4'4" x 3'10") -

Bedroom Two - 3.65 x 3.51 (11'11" x 11'6") -

Bedroom Three - 3.55 x 2.51 (11'7" x 8'2") -

Bedroom Four - 2.96 x 2.11 (9'8" x 6'11") -

Bathroom - 2.88 x 2.08 (9'5" x 6'9") -

Bedroom One (Top Floor) - 4.07 (max) x 3.22 (ex. wardrobe) (13'4" (max) x 10 -

En Suite Shower Room (Bedroom One) - 2.27 x 1.27 (7'5" x 4'1") -

Garden Studio - approx. 6.4 x 4.28 (approx. 20'11" x 14'0") -

Agent Details

Glyn-Jones & Co, Rustington

01903 497288

Next Steps?

This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪