2 Bed Flat, Single Let, Bognor Regis, PO22 0JL, £200,000

Marden House, Dial Close, Barnham, PO22 0JL - 3 months ago

Leasehold
BTL
~71 m²
+7 photos

ValuationUndervalued

Sold Prices£98K - £370K
Sold Prices/m²£1.9K/m² - £5.2K/m²

 

 

Square Metres

~70.61 m²
Price/m²£2.8K/m²

Value Estimate

£206,042
BMV3%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£50,000

Stamp Duty & Legal Fees

£12,700

Total Cash In

£62,700

 

 

Cash Out

 

Rent Range

£650 - £4,850

Rent Estimate

£800

Running Costs/mo

£805

Cashflow/mo

£-5

Cashflow/yr

£-60

Gross Yield

5%

Local Sold Prices

41 sold prices from £98K to £370K, average is £198K. £1.9K/m² to £5.2K/m², average is £3.1K/m².

PriceDateDistanceAddressBeds 
£206K11/220.16 mi19, Market Close, Barnham, Bognor Regis, West Sussex PO22 0LH2
£160K10/210.45 miFlat 12, Elm Dale, Elm Grove South, Barnham, Bognor Regis, West Sussex PO22 0EA2
£200K04/221.35 miFlat 2, Sunnyside, Church Road, Yapton, Arundel, West Sussex BN18 0EN2
£192.5K05/231.54 mi3, Blenheim Road, Yapton, Arundel, West Sussex BN18 0HH2
£295K07/211.6 mi35, Park Road, Yapton, Arundel, West Sussex BN18 0JE2
£250K02/232.39 mi6, Lionel Avenue, Bognor Regis, West Sussex PO22 8LF2
£124K05/232.51 mi15, Satinwood Close, Bognor Regis, West Sussex PO22 6SB2
£188K11/202.56 miFlat 4, Norwood Court, Northwyke Close, Bognor Regis, West Sussex PO22 8QP2
£265K12/202.58 mi8, Leopold Close, Bognor Regis, West Sussex PO22 8JJ2
£169.9K12/232.6 mi5, Northwyke Close, Bognor Regis, West Sussex PO22 8QH2
£235K08/212.65 miFlat 18, Aldingbourne House, Aldingbourne Drive, Crockerhill, Chichester, West Sussex PO18 0LG2
£210K06/212.65 miFlat 16, Aldingbourne House, Aldingbourne Drive, Crockerhill, Chichester, West Sussex PO18 0LG2
£235K08/212.65 miFlat 18, Aldingbourne House, Aldingbourne Drive, Crockerhill, Chichester, West Sussex PO18 0LG2
£164.5K07/212.67 miFlat 26, St Nicholas Court, Elmer Road, Bognor Regis, West Sussex PO22 6ES2
£300K10/222.68 miThe Orangery, Aldingbourne Drive, Crockerhill, Chichester, West Sussex PO18 0LQ2
£225K08/222.68 miFlat 3, Jubilee House, Aldingbourne Drive, Crockerhill, Chichester, West Sussex PO18 0LQ2
£275K06/232.71 mi11, Greenfields, Bognor Regis, West Sussex PO22 7SS2
£285K06/232.71 mi14, Greenfields, Bognor Regis, West Sussex PO22 7SS2
£100K09/222.72 mi48, Maple Gardens, Bognor Regis, West Sussex PO22 9LB2
£116K03/212.74 miFlat 67, Buckingham Court, Shrubbs Drive, Bognor Regis, West Sussex PO22 7SF2
£98K03/212.74 miFlat 77, Buckingham Court, Shrubbs Drive, Bognor Regis, West Sussex PO22 7SF2
£150K05/232.74 miFlat 60, Buckingham Court, Shrubbs Drive, Bognor Regis, West Sussex PO22 7SF2
£150K12/222.78 mi22, Kingfisher Court, Bognor Regis, West Sussex PO22 7ST2
£180K01/232.78 mi42, Kingfisher Court, Bognor Regis, West Sussex PO22 7ST2
£165K07/232.78 mi11, Kingfisher Court, Bognor Regis, West Sussex PO22 7ST2
£117K10/212.78 mi15, Kingfisher Court, Bognor Regis, West Sussex PO22 7ST2
£140K07/232.78 mi17, Kingfisher Court, Bognor Regis, West Sussex PO22 7ST2
£125K08/232.78 mi45, Kingfisher Court, Bognor Regis, West Sussex PO22 7ST2
£159.5K12/202.83 mi7, Nightingale Court, Bognor Regis, West Sussex PO22 7SU2
£184.9K09/222.84 mi66, Berghestede Road, Bognor Regis, West Sussex PO22 9QL2
£198K12/222.87 mi3a, Oak Close, Bognor Regis, West Sussex PO22 9JW2
£280K06/212.91 mi1, Manor Copse, Bognor Regis, West Sussex PO22 7AT2
£262K05/212.91 mi6, Manor Copse, Bognor Regis, West Sussex PO22 7AT2
£325K06/212.91 miFlat 14, Summerley Point, Summerley Lane, Bognor Regis, West Sussex PO22 7BG2
£345K02/242.91 miSummerley Point, Flat 14, Summerley Lane, Felpham, Bognor Regis, West Sussex PO22 7BG2
£315K09/222.91 miFlat 10, Summerley Point, Summerley Lane, Felpham, Bognor Regis, West Sussex PO22 7BG2
£164K01/212.93 mi92a, Elmer Road, Bognor Regis, West Sussex PO22 6EX2
£370K06/232.95 miFlat 5, Athrington Court, First Avenue, Felpham, Bognor Regis, West Sussex PO22 7LB2
£358K10/212.96 mi47, Hazel Road, Bognor Regis, West Sussex PO22 9ED2
£330K12/222.98 mi30, Thompson Road, Bognor Regis, West Sussex PO22 7UG2
£197K05/212.99 mi75a, Felpham Road, Bognor Regis, West Sussex PO22 7PA2

Local Rents

49 rents from £650/mo to £4.8K/mo, average is £1.3K/mo.

RentDateDistanceAddressBeds 
£69507/240.04 miWarren Way, Barnham1
£65008/240.04 miWarren Way, PO201
£1,30007/240.06 miWarren Way, Bognor Regis3
£72508/240.09 miWarren Way, Barnham, Bognor Regis1
£1,40007/240.16 mi-3
£92507/240.18 miChurch Lane, Barnham1
£80008/240.2 miChurch Lane, Bognor Regis1
£2,00007/240.22 mi86 Barnham Road4
£95005/240.25 mi-1
£1,19503/240.26 mi-2
£2,25006/240.27 mi-4
£1,50006/240.33 miElm Grove, Barnham3
£1,05008/240.43 miElm Grove South, Barnham, Bognor Regis, PO222
£1,60005/240.47 mi-3
£2,19507/240.55 miSackville Gardens, Barnham4
£2,70008/240.61 miHighground Lane, Barnham4
£2,75007/240.68 miDownview Road, Bognor Regis5
£1,15006/240.79 miBarnham Road, Eastergate2
£4,85012/241.05 mi-5
£4,85012/241.05 miWest Walberton Lane, Walberton, Arundel, BN185
£1,29506/241.05 miSt Georges Walk, Eastergate3
£1,45012/241.06 miThe Meadows, Walberton3
£1,75006/241.06 miHighview Road Eastergate PO204
£1,42512/241.21 miNorth End Road, Yapton3
£1,50007/241.24 miChurch Lane, Eastergate3
£80004/231.27 mi-1
£89512/241.27 mi-1
£89512/241.27 mi-1
£89501/251.27 mi-1
£1,80012/241.29 miNorth End Road, Arundel, BN183
£1,30012/241.29 mi-3
£90012/241.32 mi-1
£87512/241.32 mi-1
£90002/251.32 mi-1
£1,65007/241.32 miPeckham Chase, Eastergate, Chichester, PO203
£1,75007/241.35 miBarnett Close Eastergate PO204
£1,50007/241.36 miWoodgate Park Woodgate PO203
£1,29507/241.36 miLime Avenue, Chichester2
£1,59512/241.37 miLidsey Road, Woodgate, Chichester, PO203
£1,30007/241.37 miOaks Close, Westergate3
£87512/241.37 miChurch Road, Yapton1
£1,45006/241.39 mi-3
£1,20006/241.46 miNyton Road Westergate PO202
£1,05007/241.46 miLamorna Gardens Westergate PO202
£1,15007/241.48 miNyton Road, Westergate, PO202
£1,85012/241.48 miConnemara Crescent, Fontwell, Arundel3
£1,60012/241.48 miFontwell Meadows, Steeplechase Way, Arundel, West Sussex, BN183
£1,60012/241.48 miFontwell Meadows, Steeplechase Way, Arundel, West Sussex, BN183
£1,85012/241.48 miConnemara Crescent, Arundel3

Local Area Statistics

Population in PO22

28,866

Population in Bognor Regis

68,380

Town centre distance

3.39 miles away

Nearest school

0.30 miles away

Nearest train station

0.15 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-14%

Sales demand

Balanced market

Capital growth (5yrs)

+17%

Property History

Price changed to £200,000

February 20, 2025

Listed for £205,000

January 25, 2025

Floor Plans

Description

  • No Forward Chain +
  • First Floor Apartment +
  • Two Double Bedrooms +
  • Modern Fitted Kitchen +
  • Spacious Lounge / Dining Room +
  • Fitted Bathroom +
  • UPVC Double Glazing and Electric Heating +
  • Communal Gardens +
  • Garage with a Driveway for Two Vehicles +
  • Positioned in a Quiet Cul-De-Sac Walking Distance from a Variety of Amenities +

No Forward Chain Fantastic First-time Purchase or Buy to Let Investment This rare opportunity to acquire this First Floor Apartment is positioned in a prime village location, within walking distance from the train station and village shops. The accommodation briefly comprises of an impressive Entrance Hall with doors leading you to all the rooms, there is a generously sized Lounge / Dining Room which leads you through the fully fitted Kitchen. Furthermore, there are two double Bedrooms with fitted wardrobes and a white suite Bathroom. Further benefits include UPVC Double Glazing and Electric Heating throughout. Outside there are well-maintained communal gardens, as well as off-street parking that works on a first come first serve basis. Viewing is a must!

EPC Rating: C

Agent Details

Whitlocks Estate Agents, Bognor Regis

01243 262747

Next Steps?

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