3 Bed Semi-Detached House, Refurb/BRRR, Chichester, PO20 8PD, £430,000

Peerley Road, Bracklesham Bay, West Sussex, PO20 8PD - 2 views - 3 months ago

Leasehold
Refurb/BRRR
~93 m²
+10 photos

ValuationOvervalued

Sold Prices£245K - £1.6M
Sold Prices/m²£3.2K/m² - £20.9K/m²

 

 

Square Metres

~93 m²
Price/m²£4.6K/m²

Value Estimate

£417,146

 

 

End Value (After Refurb)

£466,926

Uplift in Value

+5%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£107,500

Stamp Duty & Legal Fees

£24,300

Refurb Costs

£42,800

Bridging Loan Interest

£11,288

Total Cash In

£187,638

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£466,926

Mortgage (After Refinance)

£350,194

Mortgage LTV

75%

Cash Released

£27,694

Cash Left In

£159,943

Equity

£116,731

Rent Range

£850 - £3,500

Rent Estimate

£1,788

Running Costs/mo

£1,837

Cashflow/mo

£-49

Cashflow/yr

£-585

Gross Yield

5%

Local Sold Prices

49 sold prices from £245K to £1.6M, average is £420K. £3.2K/m² to £20.9K/m², average is £4.9K/m².

PriceDateDistanceAddressBeds 
£565K02/230.04 mi43, Legion Way, East Wittering, Chichester, West Sussex PO20 8PP3
£290K04/230.1 mi15, Plover Close, East Wittering, Chichester, West Sussex PO20 8PW3
£275K10/200.1 mi19, Plover Close, East Wittering, Chichester, West Sussex PO20 8PW3
£295K09/210.1 mi35, Kestrel Close, East Wittering, Chichester, West Sussex PO20 8PQ3
£295K11/200.1 mi21, Kestrel Close, East Wittering, Chichester, West Sussex PO20 8PQ3
£1.2M12/200.13 miBeach Lodge, West Bracklesham Drive, Bracklesham Bay, Chichester, West Sussex PO20 8PH3
£374.9K11/200.13 miAshurst, Peerley Road, East Wittering, Chichester, West Sussex PO20 8DW3
£365K04/230.14 mi136, Stocks Lane, East Wittering, Chichester, West Sussex PO20 8NT3
£295K03/210.23 mi108, Stocks Lane, East Wittering, Chichester, West Sussex PO20 8NR3
£270K11/200.23 mi66, Stocks Lane, East Wittering, Chichester, West Sussex PO20 8NR3
£500K06/230.24 mi11, Pond Road, Bracklesham Bay, Chichester, West Sussex PO20 8HR3
£670K03/210.25 mi24, Seafield Close, East Wittering, Chichester, West Sussex PO20 8DP3
£390K06/210.25 miMaverhurst, Bracklesham Lane, Bracklesham Bay, Chichester, West Sussex PO20 8JA3
£570K08/210.28 mi4, Elm Close, Bracklesham Bay, Chichester, West Sussex PO20 8HY3
£462K02/210.28 miHermes, Farm Road, Bracklesham Bay, Chichester, West Sussex PO20 8JU3
£524K04/210.28 mi20, Seafield Close, East Wittering, Chichester, West Sussex PO20 8DP3
£775K01/210.28 miClandon, 8, Coney Six, East Wittering, Chichester, West Sussex PO20 8DL3
£385K01/210.29 miAvondale, Beech Avenue, Bracklesham Bay, Chichester, West Sussex PO20 8HU3
£625K08/210.3 mi12, Elm Close, Bracklesham Bay, Chichester, West Sussex PO20 8HY3
£450K01/230.32 mi18, Elm Close, Bracklesham Bay, Chichester, West Sussex PO20 8HY3
£405K02/210.33 mi17, Wessex Avenue, East Wittering, Chichester, West Sussex PO20 8NP3
£465K12/200.35 miHolmslea, East Bracklesham Drive, Bracklesham Bay, Chichester, West Sussex PO20 8JH3
£500K01/230.4 mi10, Barn Road, East Wittering, Chichester, West Sussex PO20 8NL3
£450K05/210.44 mi14, Oakfield Avenue, East Wittering, Chichester, West Sussex PO20 8BU3
£440K03/210.45 mi23, Solent Road, East Wittering, Chichester, West Sussex PO20 8DJ3
£400K05/230.46 mi3, Third Avenue, Bracklesham Bay, Chichester, West Sussex PO20 8JL3
£325K11/200.46 mi3, Third Avenue, Bracklesham Bay, Chichester, West Sussex PO20 8JL3
£375K05/230.47 mi3, Wilton Close, Bracklesham Bay, Chichester, West Sussex PO20 8QY3
£425K11/220.48 mi5, Wilton Close, Bracklesham Bay, Chichester, West Sussex PO20 8QY3
£390K05/210.49 mi6, Marineside, Bracklesham Bay, Chichester, West Sussex PO20 8JJ3
£445K05/230.52 mi8, Shalbourne Crescent, Bracklesham Bay, Chichester, West Sussex PO20 8JY3
£320K06/210.52 mi27, Shalbourne Crescent, Bracklesham Bay, Chichester, West Sussex PO20 8JY3
£375K12/200.52 mi29, Woodborough Close, Bracklesham Bay, Chichester, West Sussex PO20 8UA3
£480K03/210.55 miMill Cottage, 11, Church Road, East Wittering, Chichester, West Sussex PO20 8PS3
£820K01/230.58 mi48, Shore Road, East Wittering, Chichester, West Sussex PO20 8DZ3
£352K03/210.59 mi4, Mill Gardens, East Wittering, Chichester, West Sussex PO20 8PR3
£675K01/210.59 miSeascape, 43a, Shore Road, East Wittering, Chichester, West Sussex PO20 8DY3
£550K08/230.65 mi19, Harrow Drive, West Wittering, Chichester, West Sussex PO20 8EJ3
£245K02/210.66 mi37, Tide Way, Bracklesham Bay, Chichester, West Sussex PO20 8FE3
£280K05/210.66 mi43, Tide Way, Bracklesham Bay, Chichester, West Sussex PO20 8FE3
£1.3M06/210.68 miShore House, East Bracklesham Drive, Bracklesham Bay, Chichester, West Sussex PO20 8JW3
£370K06/230.7 mi22, The Crescent, West Wittering, Chichester, West Sussex PO20 8EE3
£359K01/230.72 mi61, Tide Way, Bracklesham Bay, Chichester, West Sussex PO20 8FE3
£480K07/230.72 mi4, Windsor Drive, West Wittering, Chichester, West Sussex PO20 8EG3
£445K05/230.74 mi22, Cakeham Way, West Wittering, Chichester, West Sussex PO20 8EQ3
£320K11/200.76 mi6, Ascot Close, West Wittering, Chichester, West Sussex PO20 8HW3
£420K11/220.78 mi4, Cambridge Avenue, West Wittering, Chichester, West Sussex PO20 8NE3
£358K01/210.82 mi53, Russell Road, West Wittering, Chichester, West Sussex PO20 8EF3
£1.6M03/230.89 mi71, Marine Drive, West Wittering, Chichester, West Sussex PO20 8HQ3

Local Rents

34 rents from £850/mo to £3.5K/mo, average is £1.4K/mo.

RentDateDistanceAddressBeds 
£91506/240.07 mi-2
£1,00012/240.09 mi-2
£1,00007/240.1 miCormorant Way, Chichester2
£2,20007/240.19 miHoneys, Bracklesham Bay3
£1,15002/250.22 mi-2
£1,30007/240.23 miStocks Lane PO20 3
£2,90001/250.43 mi-4
£1,50007/240.46 miCharlie Drive, Bracklesham Bay, Chichester, PO202
£1,20006/240.48 miWillow Way, Bracklesham Bay, Chichester2
£1,07506/240.51 miSandlands Point, East Wittering2
£1,75007/240.55 miChurch Road East Wittering PO203
£1,05012/240.59 miEast Wittering1
£1,60006/240.6 miShore Road, East Wittering3
£1,39512/240.62 miAxford Close, Bracklesham Bay, Chichester, PO202
£1,10007/240.63 miHarrow Drive, East Wittering2
£1,15006/240.66 miTide Way, Bracklesham Bay2
£1,45007/240.66 miTide Way Bracklesham Bay PO203
£1,30012/240.69 mi-2
£1,30007/240.69 miHayward Place, Bracklesham Bay, Chichester, PO202
£1,15007/240.7 miTide Way, Bracklesham Bay, Chichester2
£1,40006/240.72 miSandpiper Walk, West Wittering3
£2,20007/240.79 miEast Bracklesham Drive, Bracklesham Bay3
£3,25004/251.63 mi-4
£3,00007/241.64 miWest Wittering, Chichester, PO204
£3,00012/241.64 mi-4
£3,50003/251.64 mi-4
£2,49506/241.76 miMiddlefield, West Wittering, Chichester, PO203
£2,49507/241.76 miThe Wad, West Wittering, Chichester, PO203
£2,75006/241.77 miRoyce Close, West Wittering4
£85004/251.82 mi-1
£2,25007/241.92 miBatchmere4
£1,65004/252.1 mi-2
£3,00007/242.29 miThe Spinney, Itchenor, PO203
£1,35006/242.31 miHillands Farm Annex, Batchmere Road, Chichester, West Sussex2

Local Area Statistics

Population in PO20

32,437

Population in Chichester

75,877

Town centre distance

6.20 miles away

Nearest school

0.50 miles away

Nearest train station

5.89 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+7%

Sales demand

Buyer's market

Capital growth (5yrs)

+14%

Property History

Price changed to £430,000

March 28, 2025

Listed for £445,000

January 28, 2025

Floor Plans

Description

  • Semi Detached House +
  • Three Bedrooms +
  • Shower Room +
  • South Facing Garden +
  • In Need of Modernisation +
  • Close to the Beach & Village +
  • No Onward Chain +
  • Garage & Driveway +
  • Gas Heating to Radiators +

Located just 300 metres from the beach, this three bedroom semi-detached property in Bracklesham Bay presents an excellent opportunity for buyers seeking a home with significant scope for modernisation and improvement.

The property features a spacious sitting room with direct access to a private, south facing rear garden, offering an ideal space for outdoor enjoyment. The garden is well proportioned and secluded, providing a quiet setting for relaxation or entertaining.

The kitchen, while functional, would benefit from updating to meet contemporary standards and offers potential for reconfiguration to create a more open plan living arrangement, subject to necessary approvals. Internal access to the garage adds further versatility, with options for storage or conversion.

The first floor comprises three bedrooms, all of which are generously sized and adaptable for a variety of uses. A family bathroom/shower room completes the layout, with scope for refurbishment to suit modern preferences.

The property benefits from timber double glazing, gas central heating, and a driveway to the front, providing off road parking for multiple vehicles. Although in need of comprehensive modernisation, this property represents an opportunity to create a tailored home in a highly desirable location. With a solid structure and potential for modernisation, it offers an appealing prospect for those with a vision for renovation.

LOCATION
East Wittering Village Centre is within a short stroll to the west and offers a comprehensive range of amenities including a primary school, doctors, chemist, dentist and a wide selection of quality independent shops. A further two miles to the west is the beautiful Blue Flag beach of West Wittering which boasts wonderful views of the South Downs and is popular with water sports enthusiasts all year round. East Wittering Beach is to the south and has the benefit of being a straight and even walk of approximately 400 metres. Additional shopping facilities are available in nearby Chichester some 8 miles away where the city centre offers a range of shops, cafes and restaurants and the skyline is dominated by the 12th century cathedral. For those that do not drive, there is a bus service at regular intervals from the area. Furthermore, the surrounding areas offer a wealth of attractions including Fontwell Race Course, Portsmouth Historic Dockyard and Goodwood which has a full horse racing calendar and also plays host to the annual Festival of Speed and the Revival Meeting at its historic motor circuit.

Entrance Hall

Cloakroom

Kitchen Breakfast Room - 13'1" (3.99m) x 11'6" (3.51m)

Sitting/Dining Room - 20'3" (6.17m) x 12'11" (3.94m)

Bedroom 1 - 12'11" (3.94m) x 12'8" (3.86m)

Bedroom 2 - 10'8" (3.25m) x 8'9" (2.67m)

Bedroom 3 - 9'8" (2.95m) x 7'1" (2.16m)

Shower Room

Garage - 17'2" (5.23m) x 8'9" (2.67m)

External & General
Connected to mains water, gas, electricity & drainage. Gas heating to radiators.

what3words /// landscape.dote.mixer

Notice
Disclaimer Notice: Astons of Sussex for themselves and the VENDORS or Lessors of this property, whose agents they are, give notice that 1) these particulars are produced in good faith, are set out as a guide only and do not constitute any part of a contract. 2) No person in the employment of Astons of Sussex has any authority to make or give representation or warranty in respect of this property, 3) Any prospective purchaser or tenant must independently verify the accuracy of each statement through inspection, professional survey, or other means of due diligence. 4) Photographs may include lifestyle shots and local views. There may also be photographs including chattels not included in the sale of the property. 5) Measurements, maps and illustrations given are approximate and should not be relied upon and are for guidance only. 6) The services, system and appliances have not been tested and no guarantee as to their operability or efficiency can be given by Astons of Sussex Ltd. 7) The statements contained within these particulars shall not be construed as representations of fact or relied upon as such. 8) Any information regarding the tenure and charges for the property has been supplied by the seller and is subject to change. All leasehold information will be formally confirmed by the seller`s solicitor during the conveyancing process.

Agent Details

Astons of Sussex, East Wittering

020 3835 6097

Next Steps?

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