2 Bed Bungalow, Refurb/BRRR, Bognor Regis, PO21 4PQ, £300,000

53 The Causeway, Pagham, Bognor Regis, West Sussex, PO21 4PQ - 6 views - a month ago

Refurb/BRRR
104 m²
+7 photos

ValuationFair Value

Sold Prices£252K - £460K
Sold Prices/m²£2.6K/m² - £7K/m²

 

 

Square Metres

103.81 m²
Price/m²£2.9K/m²

Value Estimate

£303,000

 

 

End Value (After Refurb)

£465,317

Uplift in Value

+55%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£75,000

Stamp Duty & Legal Fees

£12,700

Refurb Costs

£48,247

Bridging Loan Interest

£7,875

Total Cash In

£145,572

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Estimated Sale Price

£465,317

Agent Fees (1%)

£4,653

Bridging Loan

£225,000

Bridging Loan Interest

£7,875

Flip Profit

£90,092

Local Sold Prices

47 sold prices from £252K to £460K, average is £320K. £2.6K/m² to £7K/m², average is £4.7K/m².

PriceDateDistanceAddressBeds 
£296.3K05/210.03 mi8, Durham Close, Bognor Regis, West Sussex PO21 4XA2
£267K03/210.03 mi100, The Causeway, Bognor Regis, West Sussex PO21 4PQ2
£297K12/220.03 mi90, The Causeway, Bognor Regis, West Sussex PO21 4PQ2
£300K06/230.06 mi30, Conway Drive, Bognor Regis, West Sussex PO21 4XD2
£340K09/230.06 mi42, Conway Drive, Bognor Regis, West Sussex PO21 4XD2
£285K04/210.06 mi26, Conway Drive, Bognor Regis, West Sussex PO21 4XD2
£278K03/210.06 mi30, Conway Drive, Bognor Regis, West Sussex PO21 4XD2
£350K06/210.08 mi6, Ellis Way, Bognor Regis, West Sussex PO21 4XE2
£280K06/210.12 mi123, Harbour View Road, Bognor Regis, West Sussex PO21 4RJ2
£305K02/240.13 mi4, Silverdale Close, Bognor Regis, West Sussex PO21 4XF2
£355K08/240.13 mi15, Golden Acre, Bognor Regis, West Sussex PO21 4RY2
£400K08/230.15 mi5, Channel View, Bognor Regis, West Sussex PO21 4PH2
£325K10/210.16 mi17, Shirley Close, Bognor Regis, West Sussex PO21 4QU2
£350K12/220.16 mi15, Shirley Close, Bognor Regis, West Sussex PO21 4QU2
£350K11/210.16 mi25, The Causeway, Bognor Regis, West Sussex PO21 4PG2
£350K02/230.16 mi40, The Causeway, Bognor Regis, West Sussex PO21 4PG2
£365K12/200.18 mi27, Eastmead, Bognor Regis, West Sussex PO21 4QT2
£270K08/240.19 mi17, Barons Mead, Bognor Regis, West Sussex PO21 4SF2
£325K10/230.19 mi10, Barons Mead, Bognor Regis, West Sussex PO21 4SF2
£380K06/230.21 mi16, Abbottsbury, Bognor Regis, West Sussex PO21 4RT2
£270K04/230.21 mi30, Abbottsbury, Bognor Regis, West Sussex PO21 4RT2
£320K04/230.21 mi45, Abbottsbury, Bognor Regis, West Sussex PO21 4RT2
£335K03/240.22 mi88, Harbour View Road, Bognor Regis, West Sussex PO21 4RH2
£375K08/230.22 mi66, Harbour View Road, Bognor Regis, West Sussex PO21 4RH2
£350K08/230.22 mi67, Harbour View Road, Bognor Regis, West Sussex PO21 4RH2
£325K10/230.22 mi68, Harbour View Road, Bognor Regis, West Sussex PO21 4RH2
£318K06/230.23 mi21, Bishops Close, Bognor Regis, West Sussex PO21 4QR2
£295K05/230.25 mi5, Harbour Road, Bognor Regis, West Sussex PO21 4SS2
£296.3K05/210.26 mi4, Link Way, Bognor Regis, West Sussex PO21 4QB2
£355K10/230.26 mi2, Link Way, Bognor Regis, West Sussex PO21 4QB2
£350K11/220.28 mi5, St Thomas Drive, Bognor Regis, West Sussex PO21 4UB2
£390K12/220.28 mi13, St Thomas Drive, Bognor Regis, West Sussex PO21 4UB2
£460K02/240.28 mi38, St Thomas Drive, Bognor Regis, West Sussex PO21 4UB2
£307.5K05/240.3 mi41, Harbour View Road, Bognor Regis, West Sussex PO21 4RQ2
£302K01/210.3 mi58, Harbour View Road, Bognor Regis, West Sussex PO21 4RQ2
£300K04/240.3 mi47, Harbour View Road, Bognor Regis, West Sussex PO21 4RQ2
£259.9K12/200.3 mi32, Harbour View Road, Bognor Regis, West Sussex PO21 4RQ2
£357.5K08/240.3 mi66, Church Way, Bognor Regis, West Sussex PO21 4QQ2
£350K10/230.3 mi15, Sussex Drive, Bognor Regis, West Sussex PO21 4RW2
£310K01/210.31 mi7, Sussex Drive, Bognor Regis, West Sussex PO21 4RW2
£290K12/200.33 mi39, Cardinals Drive, Bognor Regis, West Sussex PO21 4QD2
£275K03/210.33 mi41, Cardinals Drive, Bognor Regis, West Sussex PO21 4QD2
£285K07/240.35 mi9, Swandene, Bognor Regis, West Sussex PO21 4UP2
£305K03/210.39 mi7, Harbour View Road, Bognor Regis, West Sussex PO21 4RG2
£360K03/230.4 mi25, Lagoon Road, Bognor Regis, West Sussex PO21 4TJ2
£252K02/240.4 mi9, Lagoon Road, Bognor Regis, West Sussex PO21 4TJ2
£345K11/220.4 mi22, Mallard Crescent, Bognor Regis, West Sussex PO21 4UU2

Local Rents

11 rents from £965/mo to £1.5K/mo, average is £1.2K/mo.

RentDateDistanceAddressBeds 
£99507/240.16 miThe Parade, Pagham, PO212
£1,05007/240.16 miSt Thomas Court, Pagham, Bognor Regis PO212
£1,10007/240.34 mi-2
£1,20003/250.34 mi-2
£1,50007/240.43 miGreenways, Pagham, Bognor Regis, West Sussex, PO212
£1,29506/240.91 miWillowhale Green, Bognor Regis, PO212
£1,25006/241 miCarlton Avenue, Rose Green, Bognor Regis, PO212
£1,20006/241.06 miStonehill Crescent, BOGNOR REGIS2
£1,29507/241.11 miRossalyn Close, Rose Green2
£1,45007/241.21 miOsborne Way, Rose Green, Bognor Regis2
£96502/251.22 mi-2

Local Area Statistics

Population in PO21

39,509

Population in Bognor Regis

68,380

Town centre distance

2.93 miles away

Nearest school

0.90 miles away

Nearest train station

2.82 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+28%

Sales demand

Balanced market

Capital growth (5yrs)

+19%

Property History

Listed for £300,000

January 29, 2025

Floor Plans

Description

  • Semi-Detached Bungalow in need of some updating and offered with NO FORWARD CHAIN +
  • Lounge/Diner +
  • Kitchen +
  • 2 Double Bedrooms +
  • Small Conservatory +
  • Bathroom +
  • Driveway, Car Port and Garage +
  • Southerly-Facing Rear Garden +
  • uPVC Double Glazing and Gas Central Heating +
  • Leased Solar Panels that can be signed over to the the owner +

Ideally located in the charming area of Pagham, this semi-detached Bungalow offers a perfect blend of comfort and convenience. The property would benefit from some updating and ideally suited to someone looking to create their own style.

The Bungalow features a rear-aspect Lounge/Diner that serves as the heart of the home, providing an excellent space for relaxation and entertaining, which in turn opens into a Conservatory. With two well-proportioned Bedrooms, there is ample room for family or guests, while the bathroom is conveniently located to serve the needs of the household.

One of the standout features of this property is the parking space available with a Driveway, Car Port and Garage, ensuring that you have a secure place for your vehicles. Additionally, the bungalow benefits from leased solar panels, which can be easily signed over to the new owner, offering an eco-friendly energy solution and potential savings on utility bills.

Situated just 400 yards from local shops, bus routes, and the beautiful seafront, this property is perfectly positioned for those who appreciate easy access to amenities and the joys of coastal living. The absence of a forward chain means that you can move in without delay, making this an ideal opportunity for first-time buyers or those looking to downsize.

In summary, this semi-detached Bungalow on The Causeway presents a wonderful opportunity to enjoy a comfortable lifestyle in a sought-after location. With its appealing features and proximity to local conveniences, it is a property not to be missed.

PLEASE NOTE - All dimensions are approximate and are quoted for guidance only. Any floor plans shown are intended to be a general guide to the layout of the property, they are not drawn to scale, and should not be used as a definitive plan. The position of windows, doors and fittings may vary from those shown. References to appliances and/or services do not imply they are in working order or fit for the purpose.

Agent Details

Farndell Estate Agents, Bognor Regis

01243 217445

Next Steps?

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