3 Bed Terraced House, Refurb/BRRR, Chichester, PO19 7LZ, £310,000

Lewis Road, CHICHESTER, West Sussex, PO19 7LZ - 5 views - 3 months ago

Refurb/BRRR
~93 m²
+7 photos

ValuationUndervalued

Sold Prices£250K - £1.0M
Sold Prices/m²£1.7K/m² - £6.9K/m²

 

 

Square Metres

~93 m²
Price/m²£3.3K/m²

Value Estimate

£340,000

 

 

End Value (After Refurb)

£388,657

Uplift in Value

+14%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£77,500

Stamp Duty & Legal Fees

£15,900

Refurb Costs

£43,147

Bridging Loan Interest

£8,138

Total Cash In

£146,435

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£388,657

Mortgage (After Refinance)

£291,493

Mortgage LTV

75%

Cash Released

£58,993

Cash Left In

£87,442

Equity

£97,164

Rent Range

£1,150 - £2,400

Rent Estimate

£1,562

Running Costs/mo

£1,547

Cashflow/mo

£15

Cashflow/yr

£181

ROI

0%

Gross Yield

6%

Local Sold Prices

50 sold prices from £250K to £1.0M, average is £400K. £1.7K/m² to £6.9K/m², average is £4.5K/m².

PriceDateDistanceAddressBeds 
£295K06/210 mi29, Lewis Road, Chichester, West Sussex PO19 7LZ3
£515K09/230 mi1, Lewis Road, Chichester, West Sussex PO19 7LZ3
£315K06/210 mi32, Lewis Road, Chichester, West Sussex PO19 7LZ3
£319.9K01/240.04 mi68, Adelaide Road, Chichester, West Sussex PO19 7NQ3
£395K11/200.05 mi20, Alexandra Road, Chichester, West Sussex PO19 7LX3
£268.5K03/210.05 mi44, Adelaide Road, Chichester, West Sussex PO19 7NF3
£440K10/200.09 mi22, Turnbull Road, Chichester, West Sussex PO19 7LY3
£375K02/230.13 miFlinders, Joys Croft, Chichester, West Sussex PO19 7NJ3
£415K12/230.13 miOrchard House, Joys Croft, Chichester, West Sussex PO19 7NJ3
£355K06/210.14 mi32, Bishopsgate Walk, Chichester, West Sussex PO19 6FG3
£572.5K06/210.16 mi9, New Park Road, Chichester, West Sussex PO19 7XH3
£400K03/210.16 mi49, Green Lane, Chichester, West Sussex PO19 7NP3
£400K09/230.18 mi51, Bishopsgate Walk, Chichester, West Sussex PO19 6FQ3
£357K12/220.19 mi13, Lime Close, Chichester, West Sussex PO19 6SW3
£335K11/230.19 mi2, Lime Close, Chichester, West Sussex PO19 6SW3
£322K01/230.19 mi22, Lime Close, Chichester, West Sussex PO19 6SW3
£610K09/220.2 mi16, Green Lane, Chichester, West Sussex PO19 7NS3
£425K06/210.2 mi7, Guilden Road, Chichester, West Sussex PO19 7LA3
£495K06/210.21 mi15, Green Lane, Chichester, West Sussex PO19 7NS3
£330K03/240.22 mi25, Armadale Road, Chichester, West Sussex PO19 7NR3
£330K07/230.22 mi17, Armadale Road, Chichester, West Sussex PO19 7NR3
£455K10/230.23 mi14, Peter Weston Place, Chichester, West Sussex PO19 7AP3
£350K04/230.23 mi19, Harvester Close, Chichester, West Sussex PO19 6XF3
£290K02/210.24 mi121, Spitalfield Lane, Chichester, West Sussex PO19 6XE3
£453K03/210.3 mi221, Whyke Road, Chichester, West Sussex PO19 7AH3
£380K02/210.32 mi93, St James Road, Chichester, West Sussex PO19 7HR3
£460K11/230.32 mi81, St James Road, Chichester, West Sussex PO19 7HR3
£407.5K12/200.34 mi224, Oving Road, Chichester, West Sussex PO19 7EJ3
£380K05/210.34 mi10, Ormonde Avenue, Chichester, West Sussex PO19 7UX3
£375K01/230.34 mi11, Ormonde Avenue, Chichester, West Sussex PO19 7UX3
£420K05/230.34 mi8, Ormonde Avenue, Chichester, West Sussex PO19 7UX3
£310K07/230.35 mi38, St James Road, Chichester, West Sussex PO19 7HT3
£430K11/220.35 mi36, St James Road, Chichester, West Sussex PO19 7HT3
£470K11/210.35 mi21, Oving Road, Chichester, West Sussex PO19 7EH3
£495K11/220.35 mi59, Oving Road, Chichester, West Sussex PO19 7EN3
£370K06/210.35 mi46, Winden Avenue, Chichester, West Sussex PO19 7UZ3
£320K03/210.35 mi37, Winden Avenue, Chichester, West Sussex PO19 7UZ3
£429.9K06/210.35 mi30, Oving Road, Chichester, West Sussex PO19 7EN3
£500K04/230.36 mi39, Pound Farm Road, Chichester, West Sussex PO19 7PU3
£380K05/210.36 mi10, Ormonde Avenue, Chichester, West Sussex PO19 7UX3
£370K10/220.36 mi25, Pound Farm Road, Chichester, West Sussex PO19 7PX3
£250K04/240.37 mi27, St James Road, Chichester, West Sussex PO19 7HS3
£1.0M04/230.4 mi6a, North Pallant, Chichester, West Sussex PO19 1TJ3
£460K01/210.4 mi36, Caledonian Road, Chichester, West Sussex PO19 7PJ3
£495K06/210.4 mi13, Bognor Road, Chichester, West Sussex PO19 7TF3
£470K06/210.4 mi41, Whyke Lane, Chichester, West Sussex PO19 7UT3
£425K11/210.41 mi146, Bognor Road, Chichester, West Sussex PO19 7TQ3
£375K10/230.41 mi132, Bognor Road, Chichester, West Sussex PO19 7TQ3
£588K12/200.44 mi19, Chapel Street, Chichester, West Sussex PO19 1BU3
£500K06/210.44 mi21, Chapel Street, Chichester, West Sussex PO19 1BU3

Local Rents

40 rents from £1.1K/mo to £2.4K/mo, average is £1.5K/mo.

RentDateDistanceAddressBeds 
£1,59506/240.15 miSpitalfield Lane, Chichester, PO193
£2,10007/240.15 miSt Pancras, Chichester3
£1,50006/240.19 miSpitalfield Lane Chichester West Sussex PO19 6SG3
£1,40008/240.19 miLime Close, Chichester3
£2,40009/240.19 miEast Walls Close, Chichester3
£1,45006/240.19 miBishopsgate Walk, Chichester3
£1,59507/240.2 miBishops Courtyard3
£1,79507/240.2 miGreen Lane Chichester PO193
£1,15006/240.22 miVelyn Avenue, Chichester3
£1,35006/240.24 miHarvester Close, Chichester3
£1,59506/240.28 miRussell Street, Chichester, West Sussex, PO193
£1,85007/240.28 miFranklin Place Chichester PO193
£1,45006/240.29 miArmadale Road, Chichester, PO193
£1,45008/240.32 miSt Peters, Chichester3
£1,35008/240.36 miOrmonde Avenue, Chichester, West Sussex3
£1,65006/240.38 miNorth Street, Chichester3
£1,95008/240.41 mi3 bedroom Terraced House in Chichester3
£1,75010/240.41 mi-3
£1,67507/240.43 miBaxendale Road, Chichester PO193
£1,27506/240.43 miBroyle Road, Chichester3
£1,60007/240.44 miBroyle Road, Chichester3
£1,60007/240.46 miBradshaw Road, Chichester, PO193
£1,45006/240.47 miOving Terrace, Chichester3
£1,35011/240.48 mi-3
£1,50007/240.49 miSomerstown, Chichester3
£1,50007/240.49 miSomerstown, Chichester3
£1,45007/240.49 miSomerstown, Chichester, West Sussex3
£1,50008/240.52 miLake Road, Chichester3
£1,45007/240.53 miOrchard Street Chichester PO193
£1,45008/240.54 miKing George Gardens, Chichester3
£1,70007/240.54 miCentral Chichester3
£1,45006/240.57 miCharles Avenue Chichester PO193
£1,40006/240.57 miCavendish Street, Chichester3
£1,65007/240.57 miCavendish Street, Chichester3
£1,40007/240.57 miCavendish Street, Chichester3
£1,60006/240.58 miJoseph Lancaster Lane Keepers Green PO193
£1,59507/240.59 miChequers Place, Oving Road, Chichester3
£1,50008/240.59 miPalmers Field Avenue, Chichester, West Sussex, PO193
£1,49506/240.59 mi-3
£1,49508/240.59 mi-3

Local Area Statistics

Population in PO19

30,184

Population in Chichester

75,877

Town centre distance

0.46 miles away

Nearest school

0.30 miles away

Nearest train station

0.72 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+44%

Sales demand

Balanced market

Capital growth (5yrs)

+11%

Property History

Price changed to £310,000

March 12, 2025

Listed for £340,000

January 27, 2025

Floor Plans

Description

This charming 3-bedroom semi-detached house, located on the popular Lewis Road in Chichester, offers fantastic potential for modernisation and personalisation, making it an ideal choice for those looking to put their own stamp on a property. The home is sold with no forward chain, providing a straightforward and hassle-free move.

The property benefits from a spacious driveway to the front, offering off-road parking for multiple vehicles. To the rear, you’ll find a generous garden, perfect for outdoor entertaining, gardening, or even further extension potential (subject to planning).

Internally, the property offers well-proportioned rooms and a flexible layout that can be adapted to suit your needs. The three bedrooms provide ample space for a family or guests, and there is plenty of scope to modernise and enhance the interior to create your ideal living space.

With its great location, driveway, large garden, and potential for improvement, this property offers a fantastic opportunity in a sought-after area of Chichester.

Agent Details

King & Chasemore, Chichester

020 3872 4877

Next Steps?

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