5 Bed Detached House, Refurb/BRRR, Chichester, PO19 3JD, £750,000

Westmead Road, Chichester, West Sussex, PO19 3JD - 1 views - 3 months ago

Refurb/BRRR
~235 m²
+11 photos

ValuationFair Value

Sold Prices£305K - £6.0M
Sold Prices/m²£3.1K/m² - £14.4K/m²

 

 

Square Metres

~234.70 m²
Price/m²£3.2K/m²

Value Estimate

£765,000

 

 

End Value (After Refurb)

£958,120

Uplift in Value

+28%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£187,500

Stamp Duty & Legal Fees

£63,700

Refurb Costs

£108,889

Bridging Loan Interest

£19,688

Total Cash In

£381,526

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£958,120

Mortgage (After Refinance)

£718,590

Mortgage LTV

75%

Cash Released

£156,090

Cash Left In

£225,436

Equity

£239,530

Rent Range

£1,275 - £10,000

Rent Estimate

£2,067

Running Costs/mo

£3,428

Cashflow/mo

£-1,361

Cashflow/yr

£-16,326

Gross Yield

3%

Local Sold Prices

29 sold prices from £305K to £6.0M, average is £650K. £3.1K/m² to £14.4K/m², average is £4.1K/m².

PriceDateDistanceAddressBeds 
£795K12/200.26 mi22, Flaxman Avenue, Chichester, West Sussex PO19 3NA5
£556.5K11/210.36 mi5, Mill Close, Chichester, West Sussex PO19 3JW5
£635K03/210.43 miThe Old Thatched House, Mill Lane, Chichester, West Sussex PO19 3JN5
£657.5K09/210.6 miAlbany, 129, Salthill Road, Chichester, West Sussex PO19 3PZ5
£1.1M05/230.67 mi17, Oak Close, Chichester, West Sussex PO19 3AJ5
£535K08/210.95 mi73, Graydon Avenue, Chichester, West Sussex PO19 8RH5
£610K03/210.98 mi5, Upton Road, Chichester, West Sussex PO19 8QQ5
£725K04/211.01 mi44, Stockbridge Gardens, Chichester, West Sussex PO19 8QT5
£695K06/211.04 mi88, Stockbridge Road, Chichester, West Sussex PO19 8QJ5
£1.1M01/211.07 miCranford, West Broyle Drive, West Broyle, Chichester, West Sussex PO19 3PP5
£650K08/231.11 mi37, Birdham Road, Chichester, West Sussex PO19 8TA5
£1.2M08/211.12 miWest Lodge, West Broyle Drive, West Broyle, Chichester, West Sussex PO19 3PP5
£585K01/211.18 mi64, Worcester Road, Chichester, West Sussex PO19 5EB5
£568K12/201.2 mi41, Selsey Road, Chichester, West Sussex PO19 8SL5
£625K01/211.24 mi4, Durham Gardens, Chichester, West Sussex PO19 5DR5
£1.1M07/211.38 mi118, St Pancras, Chichester, West Sussex PO19 7LH5
£1.2M06/211.4 mi4, Brandy Hole Lane, Chichester, West Sussex PO19 5RJ5
£325K11/201.49 mi17, Ormonde Avenue, Chichester, West Sussex PO19 7UX5
£6.0M08/231.5 miHook Farm, Hook Lane, Bosham, Chichester, West Sussex PO18 8EY5
£305K12/201.53 mi15, Garland Close, Chichester, West Sussex PO19 8DB5
£795K03/211.56 mi29, Highland Road, Chichester, West Sussex PO19 5QT5
£385K08/231.56 mi7, Cambrai Avenue, Chichester, West Sussex PO19 7PB5
£865K03/211.58 mi4, Old Bakery Row, Chichester, West Sussex PO19 8GQ5
£425K07/211.6 mi36, Cleveland Road, Chichester, West Sussex PO19 7AD5
£435K05/231.65 mi106, Baxendale Road, Chichester, West Sussex PO19 6UN5
£1.6M07/231.67 mi19, The Avenue, Chichester, West Sussex PO19 5PX5
£552K02/211.77 mi77, Willowbed Drive, Chichester, West Sussex PO19 8HY5
£625K01/211.85 mi12, March Square, Chichester, West Sussex PO19 5AN5
£2.4M03/231.88 miHeaton Dell, Fordwater Road, Chichester, West Sussex PO19 6PS5

Local Rents

51 rents from £1.3K/mo to £10K/mo, average is £1.7K/mo.

RentDateDistanceAddressBeds 
£1,55010/230.17 miDolphin Mews, Chichester3
£2,10007/240.29 miOliver Whitby Road, Chichester4
£10,00007/240.3 miAppledram Lane South, Chichester, West Sussex, PO207
£1,65007/240.54 miNewlands Lane, Chichester, PO193
£1,50007/240.6 miSalthill Road, Fishbourne 3
£3,60008/240.64 miWestgate4
£1,59507/240.65 miCity Centre, Chichester3
£1,65006/240.7 miHenty Gardens, Chichester3
£1,85006/240.7 miFishbourne4
£2,00006/240.73 miClay Lane, Fishbourne, Chichester, PO184
£1,45008/240.73 miOak Avenue, Chichester PO193
£1,50007/240.74 miOak Avenue, Chichester3
£1,50006/240.76 miFraser Row, Fishbourne, Chichester3
£2,20002/240.76 mi-4
£1,85006/240.76 miCaspian Close, Fishbourne4
£1,80007/240.8 miDrovers Lane, Chichester3
£1,75008/240.8 miDrovers Lane, Chichester3
£1,80008/240.8 miDrovers Lane, Chichester3
£1,57506/240.81 miGobey Drive, West Broyle3
£1,45007/240.89 miOrchard Street Chichester PO193
£1,65007/240.92 miCavendish Street, Chichester3
£1,40006/240.92 miCavendish Street, Chichester3
£1,40007/240.92 miCavendish Street, Chichester3
£3,95007/240.93 miOld Broyle Road, West Broyle, Chichester, PO194
£1,70007/240.93 miCentral Chichester3
£1,77507/240.94 miCanon Lane, Chichester, West Sussex, PO194
£1,77508/240.94 miCanon Lane, Chichester, West Sussex, PO194
£3,50007/240.98 miUpton Road, Chichester, PO195
£3,50008/240.98 mi-5
£1,85001/251 mi-5
£1,50007/241.03 miSomerstown, Chichester3
£1,45007/241.03 miSomerstown, Chichester, West Sussex3
£1,50007/241.03 miSomerstown, Chichester3
£1,65006/241.03 miNorth Street, Chichester3
£3,15008/241.03 miSTUDENT ACCOMODATION Stockbridge Road4
£3,45004/251.04 mi-6
£1,52007/241.05 miThe Meadows, PO193
£1,45008/241.06 miKing George Gardens, Chichester3
£1,35011/241.07 mi-3
£2,25009/241.07 miVicars Close, Chichester, PO194
£1,95008/241.07 mi3 bedroom Terraced House in Chichester3
£1,49506/241.08 mi-3
£1,49508/241.08 mi-3
£2,50009/241.08 miWorcester Road, Chichester5
£1,45008/241.08 miSt Peters, Chichester3
£1,80005/241.09 mi-3
£1,80005/241.09 mi-3
£1,80006/241.09 miMilestone Cottages, Chichester, PO203
£1,85003/251.09 mi-3
£1,60007/241.1 miBroyle Road, Chichester3
£1,27506/241.1 miBroyle Road, Chichester3

Local Area Statistics

Population in PO19

30,184

Population in Chichester

75,877

Town centre distance

0.97 miles away

Nearest school

0.20 miles away

Nearest train station

0.57 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+44%

Sales demand

Balanced market

Capital growth (5yrs)

+11%

Property History

Listed for £750,000

January 27, 2025

Floor Plans

Description

  • Spacious living room and separate dining room +
  • Well-equipped kitchen with scope for modernisation +
  • Large rear garden, ideal for outdoor entertainment +
  • Garage with driveway parking for multiple cars +
  • Potential for further personalisation and expansion (subject to planning) +
  • Close to Fishbourne Roman Palace and surrounding nature reserves +

Located in the sought-after village of Fishbourne, this substantial 5/6-bedroom detached house offers a fantastic opportunity for family living, with scope for personalisation to suit your tastes and needs. The property is set within a quiet residential road and benefits from a generous plot, including a large driveway with space for multiple vehicles, leading to a garage.

Upon entering, you'll be greeted by a welcoming hallway, leading to a bright and spacious living room, perfect for family gatherings and entertaining. The separate dining room and well-proportioned kitchen offer further versatility for modern family living, while the large garden at the rear provides a peaceful retreat for outdoor activities. The home also benefits from a downstairs bedroom and shower room.

The property offers five bedrooms upstairs. The family bathroom is conveniently located to serve the other rooms.

Fishbourne is a charming and picturesque village offering a peaceful, semi-rural setting with the convenience of nearby amenities and transport links. The local area is well-connected, with Fishbourne Railway Station providing direct access to Chichester and London. The village is also home to the historical Fishbourne Roman Palace and beautiful countryside walks, making it an ideal location for those who enjoy nature and history. Additionally, local shops, a primary school, and the well-regarded local pub are just a short walk away, providing all the essentials for day-to-day living.

Agent Details

King & Chasemore, Chichester

020 3872 4877

Next Steps?

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