3 Bed Terraced House, Single Let, Bognor Regis, PO22 9JW, £235,000

Oak Close, North Bersted, Bognor Regis PO22 9JW - 2 months ago

Sold STC
BTL
ROI: 3%
~93 m²
+11 photos

ValuationUndervalued

Sold Prices£152K - £380K
Sold Prices/m²£2K/m² - £6.6K/m²

 

 

Square Metres

~93 m²
Price/m²£2.5K/m²

Value Estimate

£295,200
BMV23%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£58,750

Stamp Duty & Legal Fees

£8,400

Total Cash In

£67,150

 

 

Cash Out

 

Rent Range

£1,300 - £2,125

Rent Estimate

£1,200

Running Costs/mo

£994

Cashflow/mo

£206

Cashflow/yr

£2,468

ROI

4%

Gross Yield

6%

Local Sold Prices

50 sold prices from £152K to £380K, average is £276K. £2K/m² to £6.6K/m², average is £3.3K/m².

PriceDateDistanceAddressBeds 
£210K02/210.02 mi37, Oak Close, Bognor Regis, West Sussex PO22 9JW3
£270K08/210.04 mi34, Oak Grove, Bognor Regis, West Sussex PO22 9JN3
£275K07/230.05 mi13, Oak Grove, Bognor Regis, West Sussex PO22 9JL3
£175K10/200.06 mi23, Tamarisk Close, Bognor Regis, West Sussex PO22 9JQ3
£290K10/220.08 mi29, Oak Grove, Bognor Regis, West Sussex PO22 9JJ3
£218K02/210.09 mi29, Oak Grove, Bognor Regis, West Sussex PO22 9JJ3
£152K12/220.11 mi4, Laurel Grove, Bognor Regis, West Sussex PO22 9JR3
£310K10/230.14 mi8, Osprey Gardens, Bognor Regis, West Sussex PO22 9QG3
£288K02/210.14 mi6, Osprey Gardens, Bognor Regis, West Sussex PO22 9QG3
£300K11/230.14 mi11, Osprey Gardens, Bognor Regis, West Sussex PO22 9QG3
£305K05/230.15 mi55, Chestnut Grove, Bognor Regis, West Sussex PO22 9JF3
£255K08/230.16 mi36, Ash Grove, Bognor Regis, West Sussex PO22 9JH3
£222K04/210.16 mi85, Ash Grove, Bognor Regis, West Sussex PO22 9JT3
£230K02/210.17 mi19, Larch Close, Bognor Regis, West Sussex PO22 9LA3
£233K07/230.17 mi12, Larch Close, Bognor Regis, West Sussex PO22 9LA3
£300K10/210.17 mi60, Ravens Way, Bognor Regis, West Sussex PO22 9ER3
£225K04/210.18 mi26, Corbishley Road, Bognor Regis, West Sussex PO22 9HR3
£370K02/240.21 mi4, Sandymount Close, Bognor Regis, West Sussex PO22 9EL3
£235K03/210.21 mi3, Sandymount Close, Bognor Regis, West Sussex PO22 9EL3
£277.5K10/210.21 mi35, Bronze Close, Bognor Regis, West Sussex PO22 9RS3
£247K02/210.21 mi22, Bronze Close, Bognor Regis, West Sussex PO22 9RS3
£355K12/220.21 mi8, Sandymount Close, Bognor Regis, West Sussex PO22 9EL3
£186K03/230.21 mi21, Durlston Drive, Bognor Regis, West Sussex PO22 9DL3
£265K02/210.22 mi86, Woodlands Road, Bognor Regis, West Sussex PO22 9EG3
£312.5K07/230.22 mi10, Woodlands Road, Bognor Regis, West Sussex PO22 9EB3
£332K03/230.24 mi96, Addison Way, Bognor Regis, West Sussex PO22 9HZ3
£240K03/240.26 mi33, Woodlands Road, Bognor Regis, West Sussex PO22 9DB3
£215K04/210.27 mi113, Orchard Way, Bognor Regis, West Sussex PO22 9JZ3
£298K07/230.27 mi45, Orchard Way, Bognor Regis, West Sussex PO22 9HH3
£377.5K11/230.27 mi28, Church Lane, South Bersted, Bognor Regis, West Sussex PO22 9PZ3
£380K10/230.27 mi5, Yew Tree Close, Bognor Regis, West Sussex PO22 9UB3
£350K01/210.29 mi1a, Greenwood Close, Bognor Regis, West Sussex PO22 9DG3
£277K10/230.29 mi21, Greenwood Close, Bognor Regis, West Sussex PO22 9DG3
£368K11/230.29 mi78, Addison Way, Bognor Regis, West Sussex PO22 9HZ3
£265K11/200.3 mi18, Addison Way, Bognor Regis, West Sussex PO22 9HY3
£265.5K02/210.3 mi48, Addison Way, Bognor Regis, West Sussex PO22 9HY3
£285K06/210.3 mi12, Addison Way, Bognor Regis, West Sussex PO22 9HY3
£273K11/200.3 mi15, Addison Way, Bognor Regis, West Sussex PO22 9HY3
£270K03/230.3 mi49, Addison Way, Bognor Regis, West Sussex PO22 9HY3
£290K06/210.3 mi24, Addison Way, Bognor Regis, West Sussex PO22 9HY3
£290K11/220.32 mi38, Orchard Way, Bognor Regis, West Sussex PO22 9HL3
£345K08/230.32 mi10, Orchard Way, Bognor Regis, West Sussex PO22 9HL3
£330K12/220.33 mi9, Wren Crescent, Bognor Regis, West Sussex PO22 9BZ3
£285K12/220.34 mi8, The Paddock, South Bersted, Bognor Regis, West Sussex PO22 9PY3
£333K09/230.34 mi8, Wren Crescent, Bognor Regis, West Sussex PO22 9BZ3
£228.2K12/200.34 mi3, The Paddock, South Bersted, Bognor Regis, West Sussex PO22 9PY3
£238K06/210.34 mi2, The Paddock, South Bersted, Bognor Regis, West Sussex PO22 9PY3
£228.2K12/200.34 mi3, The Paddock, South Bersted, Bognor Regis, West Sussex PO22 9PY3
£220K09/200.34 mi8, The Paddock, South Bersted, Bognor Regis, West Sussex PO22 9PY3
£295K01/230.37 mi18, Sandymount Avenue, Bognor Regis, West Sussex PO22 9ES3

Local Rents

9 rents from £1.3K/mo to £2.1K/mo, average is £1.4K/mo.

RentDateDistanceAddressBeds 
£1,35006/240.21 miBronze Close, Bognor Regis, PO223
£1,45006/240.24 miDurlston Drive, BOGNOR REGIS3
£1,30007/240.34 miThe Paddock, South Bersted, PO223
£1,30005/240.36 mi-3
£1,35003/250.36 mi-3
£1,45007/240.5 miEssex Road, Bognor Regis, PO213
£1,30006/240.54 miDorset Road, Bognor Regis3
£2,00003/250.58 mi-3
£2,12506/240.59 miCarlingford Court, Bognor Regis, PO213

Local Area Statistics

Population in PO22

28,866

Population in Bognor Regis

68,380

Town centre distance

0.74 miles away

Nearest school

0.20 miles away

Nearest train station

0.90 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+3%

Sales demand

Balanced market

Capital growth (5yrs)

+16%

Property History

Price changed to £235,000

March 4, 2025

Listed for £240,000

January 29, 2025

Floor Plans

Description

  • Well Presented Three Bedroom House +
  • Three Spacious Bedrooms +
  • Modern Family Bathroom +
  • Spacious Lounge / Dining Room +
  • UPVC Double Glazing and Gas Fired Central Heating +
  • Private and Secluded Rear Garden +
  • Downstairs Cloakroom +
  • Plenty of On Street Parking +
  • Close To Amenities +

Fantastic First Time Purchase / Buy to Let Investment Whitlocks Estate Agents are delighted to bring to the market this well presented three Bedroom House, positioned just walking distance from a wide range of amenities including schools, transport links, convenience stores, and Bognor Regis Town. Upon entering the property you are greeted by a spacious Entrance Hall that leads you through to the impressive sized ‘L’ shaped Kitchen / Dining Room / Lounge, the Kitchen benefits from an abundance of cupboard space and a breakfast bar. Furthermore, there is a convenient utility room and ground floor W/C. On the first floor there are three sizeable Bedrooms, the Master Bedroom and the second Bedroom both benefit from built in storage, there is also a modern fitted Bathroom. Additional highlights include UPVC Double Glazing and Gas Fired Central Heating throughout. Outside to the rear the garden has been landscaped to provide low maintenance and year round enjoyment. 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 💪